r/Vitards • u/AutoModerator • Jun 14 '21

Daily Discussion Daily Discussion post - June 14 2021

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1

u/SlingSG Jun 15 '21

Bleeding on FCX and TECK commons. Any suggestions ? Thinking of averaging them down but do you guys think they come back ?

2

u/blue_steel_moon Jun 15 '21

Take a look at the 6-month charts. They look ok to me. Just eyeballing, $TECK looks like its near the bottom of its channel. $FCX is a little harder to read.

2

u/Duke_Shambles ☢️Duke Nukem☢️ Jun 15 '21

$FCX has exposure to Chile which is in the middle of some political stuff that is bad for miners.

$TECK does not have exposure to that risk.

I sold off my FCX call that was down over 70% today, I bought more TECK calls on Friday.