£27 buy target, perhaps lower depending on the level of any retrace. Good to hold for £37 after that. great share this for 30% trend trades. GLA.
you make a good point re iron ore supplies and the correlation with RIO share price. This market is going to retrace very soon and RIO could touch the £27 region on the back of that. That would be my buying target for the rise back to £36 / £37. GLA.
God only knows, there's been enough of 'em. I bought back into Rio about a week or so ago, really, really believing, chump that I am, that it had totally bottomed out. Well, RIO being dear old RIO it taught me yet another lesson in over-confidence by costing me another two grand in six days.... Let's hope that THIS proves to be a more lasting turning point. I don't think that anyone believes for a moment about "China's shrinking economy", do they? China's let the aspirational genie out of the bag and I doubt there's any way to stuff it back in, despite all the talk about centralized economic planning. RIO hit thirty-six about three months ago, so my question, basically, is this: what's so different now to three months ago? Is the world economic climate less stable.. or more stable? Have any major issues got better, or worse? Personally I can see little or no difference between then and now (if anything one or two issues have diminished in fear-factor; Cyprus, for instance, North Korea for another) so I'm hoping to see thirty-six again during the summer. Course that won't help that part of my wife's portfolio that I bought for her when RIO was around fifty-three......and which now and then resurrects the comment, "My husband..the Georg Soros of the North York Moors.."
Hi Levis, I see the 14.52 increase already, let's hope it has a lot more to go. Good link - thanks.....Andrea
Hi Good Morning, well done with your Anglo shares. Institutional owner of shares has increased in the past 10 days. If you want to check it out look up.........markets.ft and click companies, scroll down to the bottom and click ...increase. gl..............levis
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