Rio Tinto PLC Discussion
Rio Tinto PLC Discussion Board
- Re: mining bull trend
By paddy101: For the record I am medium term bullish especially in relation to commodities but short term a strong correction is overdue. - Re: Taking Profits
By paddy101: It is certainly wise to bag gains when you can. YOu may have missed your chance though as if DOW finishes well I would expect Rio to gap up Monday - Re: mining bull trend
By sandyc3: If you believe in that big picture story and you are a long term holder (1yr+) then hold on and buy the dips. I think Paddy may have a more structured 'bear' view but i dont share that. I genuinely dont believe the world will end and that the markets are in a bearish phase. I think we have a lot of uncertainty, and this is being priced into an over complacent market. Recent events have certainly changed peoples views and i speak/read more bears than bulls.... - mining bull trend
By still cruising: I have been reading your thoughts below with interest. Rio is still highly valued compared to BLT and XTA. This of course is the bid premium. If there is to be more consolidation amongst the big boys then surely XTA is a good bet but for the one major risk....world wide recession.....doomsday and all that. Normally I do not go in for all that negative bull as I have faith in the capitalist system which is still my view but these are worrying times. At the end of the day China and India will overtake USA as the economic power houses of the world, maybe in 5 years. They have to build infrastructures, base metals, oil, coal etc will be sought after. If I were a SWF I would buy up these big resource companies, its kind of like the bricks and morter of the world. Any thoughts ? - Re: Taking Profits
By sandyc3: I have kept my shorts open but am considering closing. I have a nice short on FTSE, RIO and a great short on £:$. The latter i can see well below 2.00, possibly as far as 1.95. ... - Re: Taking Profits
By paddy101: Now its a strange thing you know. I went out yesterday morning and after the disaster that ensued the day before when I went out I closed my in profit positions on the FTSE and for some unknown reason I closed my Rio shorts too as they too were in profit. Sometimes you need to bag what you have got. Sadly i forgot the whole point of my Rio shorts was a long term shorting hold. So I missed out on £4 of falls. I have still made but not as much as I would have. Anyhow I am waiting for a little rally on the FTSE which should take us to Tuesday and if that is the case I will get back on the descending elevator that is Rio a few floors up from where we are today. I covered at 5500 so anywhere near that will be ok. - Taking Profits
By nettle124: Paddy,... - Re: Shut up
By amibovvered: ill take that point of course and agree entirely gents, it's a... - Re: Shut up
By paddy101: A recession in US will kill sentiment for miners. I know in reality the demand will not fall by as much as the share price. But then that is not what I care about. - Re: Shut up
By Red Suede Jacket: amibovvered ... - Re: Shut up
By amibovvered: brave souls to go short after last jump without tight stop.... - Shut up
By Optomust: The shut up message will either move things or top them. This could go bothways at a rate. - Re: BHP's 3:1 proposal
By paddy101: Ironically my target is 39. Re Gold if we get a scary sell off I see Gold dipping with the market owing to liquidity crunch initially before traditional buying as safe haven comes to play - Re: BHP's 3:1 proposal
By sandyc3: Precisely that they have offered 3 sahres for 1 of RIO. ie - 3 times the current BLT price. Currently at £16-33 which = a bid of £48-99 for RIO. The market continues to trade at around 5-7% premium to that.... - Re: BHP's 3:1 proposal
By paddy101: Today I doubled up on my position with second entry at 5615. The roof is going to cave in