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Absolutely kicking myself this morning. Was going to buy in yesterday but just had an ounce of doubt in the back of my mind. Well done to all who did though.
Thanks for the heads up on that mate. RIO been very volatile at the moment, gone from a steady profit to 0 in the last few days. The EU summit better come up trumps or there could be a strong backlash.
Just seen the report on the BBC regarding the tightening of Al Qaedas stronghold on the North. Got to be a concern to RRS.
Up The Owls indeed mate. Always good to have another addition to the band of Wednesdayites on this forum. With regards to RRS, think this would have to breach £55 for me to consider re-entry. It's RIO for me at the moment. In at just under £29 and more than capable of making it back into the mid 30's. Doesn't have the political baggage of RRS either.
Disappointing end to the day considering how brightly it started. A lot of people taking profits on the bounce.
RIO back down to £28. I think it's got be worth a punt at that price.
Wow big drop today. Gone back into value territory. If it hits £55 tomorrow i'll go back in, unless RIO falls too, which would then create a dilemma of choice.
Think you are right mate, and im very glad I pulled out yesterday and banked my profit. I think if the Federal reserve rules out any imminent QE this will drop back down to £55, which like you say is a very tempting price as I cant see it sinking much lower than that again. Still enticed by RIO though. Anything below £30 there is a licence to print money.
From what ive read though they are more likely to adopt a 'lets wait and see' approach. Ruling out QE in the next month or so. We'll see find out, although a sidelining of QE could create a good opportunity to get back in here.
The cut in Chinese interest rates would explain the surge over at rio. Jeez I'm at a crossroads here. May have to split it down the middle and go into both.
Talk about boom and bust!
Wow! What happened there? Was just looking at Rio, one minute it's 1% down now it's 4% up! Will has to think more carefully about buying in now.
Haha I don't know why we do it. It's just stress upon stress! No I'm all out at the moment mate, mainly as I expected a reasonable fall after yesterday. Think I'll just sit back and see what happens today. I can't see the Bank Of England voting for more QE so that might create another buy in point in the afternoon. Must confess I'm tempted by Rio though. Very cheap price at the moment with a hell of a lot less political turmoil.
Sold at a 14% profit. Will see what happens to the market tomorrow then plot the next move. Got my eye on Aviva and Rio Tinto at the moment.
That sounds good to me, tazza. Hopefully the Americans will follow suit. I don't want to be greedy but feel this has got further to go yet. If I'd bought in at £46 like states I'd be out by now though. That's an excellent price.
If I sold up here I'm tempted by Aviva. Lot of noise that the new regime there are turning the ship around. Up 4% today too. Dividend not bad either.
Im going to stay in for now. Production doesn't seem to have been effected and with the expected next round of QE I think this could hold in the low 60's despite the Mali issue. I just look at the ivory coast and how RRS came roaring back from that.
Think that's the best way mate to be honest. I've gone all in before and been burned badly, although it was my own daft fault. Wow, this is relentless at the moment. Might see the 60's by the end of trading at this rate.
Bet he's glad he bought £600,000 worth at £48. Nice little bonus.
Could be on for 10% rise in the last 2 days of trading. If another round of QE is introduced in the states we should be back into the top 60's in no time. Tazza, are you all in yet mate or still holding some funds back just in case?