The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, October 07, 2005

It helps to own a Phelps Dodge

Hey guys!


I have a nice stock pick, that I can almost guarantee you a nice win! The stock is Phelps Dodge Corp (PD) and it is a steal at these prices! You may be thinking, "a steal?! Are you crazy? This stock is trading at $129! Thats not a steal and its not cheap! Thats too damn expensive"! I know, I know. But what if I told you that PD is the leader in providing copper for the rebuilding of Lousiana ( oh boy, they are going to need a whole lot of copper!) and that the stock is trading at only 7x earnings at these levels! Just imagine, what if the stock was trading at, lets say, 14X earnings (which is not impossible, it may happen come earnings time)? Well lets say that the stock would then be worth over $250! You get the point? Are you seeing the picture? Good! So what are you waiting for? Grab some on Monday...you won't regret it!

Phelps Dodge Corp (PD) 3 month chart



Again, the chart says it all! This stock has a lot more room to run!

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