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January 28, 2006


Copper, Phelps Dodge, and the Elusive Liu Qibing

Copper hit a new high yesterday as did Phelps Dodge. I don’t think the Chinese have covered the disastrous trades put on by Liu Qibing… they just put up more margin to put off the inevitable, which is a predictably crazy reaction. Those who took this gimme trade continue to take-ee. I featured Phelps Dodge last November just as it broke out of a triangle, and it’s up a tad since then.

HG
Copper, Daily Chart


PD
Phelps Dodge, Daily Chart

This entry was posted on Saturday, January 28th, 2006 at 12:00 pm (utc+8) and is filed under Trading and Investing.

One Response to “Copper, Phelps Dodge, and the Elusive Liu Qibing”

  1. MaoXian » How to Lose Several Hundred Million Dollars said:
    May 10th, 2006 at 9:38 pm

    […] Copper, Phelps Dodge, and the Elusive Liu Qibing […]

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