RIO is over 6000p and may hit 7000p4 May 2008 16:41
Although mining is a good stock to be in, I have always never wanted to really pay over £10 for any stock even though they are good. I'm not sure if it's me, but I have found just like NRK, that when they tumble, you can see your money go to nothing compared to stocks that you bought for less amount unless they went back to penny stocks.
Look at COLT, that was once at 200p per stock and in a matter of a few years it rallied over 10000p only to fall back again a few years later to around the 200p mark. Now imagin getting it at 200p first, you would have had over 5000% gains, but imagin the people that bought it at 7500p - 10000p, they would have either had a very small gain if bought at 7500p or even had no gains if bought at 10000p. Imagin the people that bought high and didn't sell and still hold?
How I see it, the higher a stock becomes in price the more risky it becomes and the less chance you have of making any returns from it.
This is just my opinion and others probably see it differently.