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Tim Seymour Would Sell PCU And FCX
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Posted on 11/16/09 at 6:13pm by Craig Jones
CNBC's Fast Money Tim Seymour is concerned with the price of the copper. He believes that it reached its top and thinks it would be a good idea to sell companies like Southern Copper Corporation (NYSE: PCU) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). Tim Seymour also thinks that gold is going higher in the long run.
Southern Copper Corporation (PCU) gained 3.50% and closed at $35.81 with a volume of $2.53M. Freeport-McMoRan (FCX) jumped 3.57% at $84.48 and had a volume of $14.18M.
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