AJ, absolutely right. The really tough call where RIO is concerned is not when to buy, is it? It's when to SELL the bl00dy thing. You know sure's cráp stinks ( as my Texan relatives say) that if you buy at twenty-nine or certainly twenty-eight that it's simply "sit-tight time" until the money comes home. The infuriating thing is how much. This share is a terrific prover of the old adage, "The enemy of profit is GREED". I got caught with my pants on the bathroom mat this last time around. It was at something like the upper thirty-twos, wasn't it, and I, greedy ol' me, thought "This horse has got lots more in its legs".... ....Yeah....right....
Wos goin' on...?
Seriously, What IS going on? What the heck was today all about, eh? "China cuts interest rates.." I mean, that's going to take quite literally MONTHS to filter on down into actual paper orders being sent out. I wish to God that, when I was thinking about this around two o'clock today, that I'd stuck with the idea that was zippin' around my head and just simply sold up again for a few weeks. I didn't, of course, and yet I'm near on certain that we're going to see red figures, perhaps annoyingly large red figures on Monday morning. News like this usually provides a really cheery spike when it's announced...then it's read...digested...and the old heartburn comes back....
I don't think you could lose money buying Rio whenever it dropped below £30. Well, perhaps some of the aim boys might manage to!
RE: Rocal conspiracy
Indeed. Got in at 2841. Nice rise today.
RE: Rocal conspiracy
You never know.... After watching Rio's SP spend most of the day heading happily south, I finally bought in at 2840 at around 3 pm. Whereupon the price managed a modest (very) rise. Rocal might be onto something.
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