Member Info for driftking27

Oh, LSE needs to update the earnings for RIO board from 120.32p to 342p giving RIO a PE of 8. #GET it fixed LSE

In the short-term I can agree that it will head lower, all the uncertainity about interest rates rising sooner than though both in UK & US. There is no possitiv news out there. So I will be buying more when it does go lower, but lower it will go when interest rates do start to go up, so £27 is nothing, what about 25% drop, as US has strengthened loads so far, but RIO has outperformed, and unsure if it can continue to outperform when we are hit with relaity of rising interest rates for real..?

Can the trend be continued next week as we have Q3 results due on Thursday6thNov?

Pfizer erent going to buy AZN, and I suspect they will walk away just like the suitor did to Shire last week.. Time well tell come January. I still hold AZN, GSK, JNJ & NVS (Adr)....

Germany are due to 'release' some economic data on Thursday. Beware..

Monday looks rather gloomy... Sydney down 2% already..

Here's another slant on Global slowdown. What if the markets continued to slowdown big time ( doubt that, as companies in general are making mega-profits ), and the FED putback the thought of interest rates rising. Then, they introduced a new injection of QE. QE5 would then give us another bubble to think about, and commodities just continued this until 2016?

I agree with your sentiment, but the P/E is over 34 times earnings which are going to continue to drop into next year. So, the upward tremnd im afraid is the other direction below 40 at present. The only way for any uptrend to continue over the next 3-6mths is if PFE come backj with an improved offer, or that the stockmarkets dont continue any nose dive like what wev experienced since start of september...fingers x

http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?order=wbapi_data_value_2013+wbapi_data_value+wbapi_data_value-last&sort=asc & a piece fro former CEO http://www.bloomberg.com/news/2014-09-29/iron-ore-seen-by-albanese-staying-weak-as-global-supply-expands.html

A note on China. Chinese GDP hit 12.9 in 2009 at the height of commodity prices and shareprices. Its projection for this years is now 7.1. http://www.leasinglife.com/features/scope-for-growth-in-china/image/scope-for-growth-in-china-3.htm

RIO.L is trading below its 200 day moving average around 3350p and objectively, many I have spoke to have said that with rising interests and an indebted society that we will continue to live in, over the future years this will continue the long term trend to be down. However if you view RIO in its last 52 week trading history, it is in a range bound with a slight upward bias. For the medium term [5years], the 50 day MA, id say is in a downward trend. RIO.L may be due for an oversold bounce, but objectively, as long as RIO.L is trading below its 200 SMA, rallies will be sold into [ 2700-3400p ]. Technically there are too many uncertainties to buy on this stock at this moment, and I keep a hold.. These shareprices may not be 100% accurate, but are close to what I say when i last checked... P.S. I still hold RIO, BLT.

...Just remember what Glasenberg said to the market regarding merger of Xstrata. They weren't going to do it when the markets were so volatile... As tawse says, its down to 2700p.

My opinion...you can forget 'trends' as every year is diffferent, so don't be fooled into that theory.. Afraid RIO is going down with overnight falls in. Asia market falls

Meant to say that NIKKEI 225 has gained 40% since last year at least.

Hi Coaster, as I now have this fund in overweight territory ( 1950 shares average over two tranches is ...780p ), will wait and see where we sit come January after dividend time and split hopefully in half.. My worst one Templeton Emerging Markets is still a weird one with NIKKEI gaining like 40&. In time since last year, but SP is still dwindling down to 580p, though has a lot to do with YEN v USA & GBP...

Where do we see Murray International going now. I see this going possibly as high as 1150p by December. We will see. Its all about the strength of the pound with this one. I'm still in from 960p. My next buy this wEEk is going to buy more RIO ( 7% bounceis possible ).

The next question commodity investors/traders have to think about is the effect of interest rate rises on commodity stocks, namely RIO & BHP. Then maybe we could be looking at lows nearer the 2530p that GS had set on RIO back in August... 3300 seems to be the consensus of any upside by BARC. I'm waiting for 2850p to make a decision based on this fall. Think iron ore hit $122 before collapsing to near $90 this year. RIO sp has hit 3610 (intra hi), to current 2940.

Just something to take your mind of the doom & gloom of stockmarkets... Some of the trades that the messiah from Omaha buys/sells and holds... http://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett

Think until we hear the end about HK democracy campaigning this is going to be volatile more so to downside. But hey, with UK/USA looking a rate rises, why would I reaLly want to buy /trade. RIO atm..? When I always see these ridiculous pt of 4650p by Deutsche Bank, that's the signal to sell

I haven't bought anymore. Again, I'm looking at 3080p to rebuy another tomorrow, though I'll post when I do. Dollar has strengthened plays a big play tomorrow. Fridays are usually a rise day, and we are now making an end to 3rd quarter where miners like RIO usually start to make a steady run up through November-Dec. Time will tell. But 3080p is a SP to watch for around 830-9am.. I now have 472 at average of 1542p, and BHP I also own but not as big a weighting with average of 1917p. Might get rid of BHP...and leave just RIO, just unsure how the BHP demerger will impact ftse weighting if anything at all. RIO, MYI(fund), Novartis & Johnson&Johnson are my heavyweights in portfolio. Talk soon..