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yer, but this Guy sold today at £27 to get back in at £25 - £26. That's a poor return for gambling that this stock will break its 4 year low. Its still around £27 and ticked along at that level over in the US this evening. Strong support here. I'm not saying it wont go lower, but I don't think the risk vs reward is there, because this Guy must have likely sold at a loss today to start off with.
Now.
Anyone?
You have taken a big risk selling at this 12 month low level. Iron ore is always at a low this time of the year and peaks in Jan/Feb. This will be 3700p+ by then with a 50p divi along the way. Broker targets are 3600 - 4200p.
looks like the near term bottom here for anyone who wants to get in.
but waiting for 1400 that never quite came. Sucker rally this today. 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.
totally agree, I've gambled selling all my Lloyds shares that I can get them all back again 5 - 6p cheaper. I was 100% in profit, but my mining and gold stocks are 30 - 40% down against a background of massive highs in the indicies. So, I decided to take my profits and see where things go, a fall for the markets must be close, but not on monday by the looks of things. But, worse case scenario is I made a bomb on Lloyds, so not all bad. GL.
Cheers, I will be very happy if it pulls back to gap fill at 54p, but the market is flying and lloyds too. Futures are up again for Monday, so i may have to wait a while or look for good oportunities like RIO. There are 5 or 6 blinkered idiots on the Lloyds BB that may have the wind taken out of their sails very soon. GL.
Good afternoon. I've got my eye on RIO again after selling at £34.80 a few months ago. I cant help feeling that this mad mrket must retrace a few hundred point very soon, so RIO may well present itself in the £27 region again. Thoughts?
happened today?