Australian (ASX) Stock Market Forum

RIO - Rio Tinto

Jump to new
All been said the stock should rise to around 3.87% today.
Click to expand...

It rose 4.42%. You were pretty close.

What's your reasoning. Do you look at the UK and U.S. closings then work it out from there or do you look at the rise and fall percentanges and do rough guesses based on commitment and volume.
 
Yes I add both uk and NASDAQ then divide by two it gives me the average I then watch the after hours trade on the us market its pretty basic.
With my bank stock I divide by 4.
As I said I really am new to this but it seems to work for me.
 
LIANEISME

so you are saying that you average the ftse and nasdaq increases from the day before or early in the morning, and say its 3%, you then expect a 3% rise from RIO and then what do you do?

purchase it in the morning and sell in the afternoon,

but doesn't the open already have the increase built in, so you would have had to have bought the day before the good performance of the nasdaq and ftse???

thanks for your feedback
 
I usually hold for a few days we are constantly getting higher lows and higher highs. If you look at the nasdaq intraday trade you can pin point the rise and the fall in that day for some reason we seem to follow suit. I don't know why but we do. As I have mentioned we seem to have decouple 4 times since November but it seems to be pretty predictable to me. I'm no expert and people who study all this and have technical stuff happening would problem tear their hair out if they were to comment on what I do.
I am saying spend the next week watching the stock and tell me if you see a pattern.
I think a lot of people make things to complicated
 
soren_lorensen said:
LIANEISME

so you are saying that you average the ftse and nasdaq increases from the day before or early in the morning, and say its 3%, you then expect a 3% rise from RIO and then what do you do?

purchase it in the morning and sell in the afternoon,

but doesn't the open already have the increase built in, so you would have had to have bought the day before the good performance of the nasdaq and ftse???

thanks for your feedback
Click to expand...

I usually hold for a few days sometime weeks we are constantly getting higher lows and higher highs. If you look at the nasdaq intraday trade you can pin point the rise and the fall in that day for some reason we seem to follow suit. I don't know why but we do. As I have mentioned we seem to have decouple 4 times since November but it seems to be pretty predictable to me. I'm no expert and people who study all this and have technical stuff happening would problem tear their hair out if they were to comment on what I do.
I am saying spend the next week watching the stock and tell me if you see a pattern. I would like your feedback
I think a lot of people make things to complicated
 
soren_lorensen said:
LIANEISME

so you are saying that you average the ftse and nasdaq increases from the day before or early in the morning, and say its 3%, you then expect a 3% rise from RIO and then what do you do?

purchase it in the morning and sell in the afternoon,

but doesn't the open already have the increase built in, so you would have had to have bought the day before the good performance of the nasdaq and ftse???

thanks for your feedback
Click to expand...

I'm very new to this site and not even sure if I am doing this post correctly. Only been tradin for 4 yrs... But if the maths were that simple I'm sure many would use that system.

Almost every day I see what I should have bought on yesterday's close, but it has been built into the open and the opportunity is gone. With hard work you can get it right. The other week I got the RIO & BHP move.

I am enjoying the site and will get more involved as I learn more about it.
 
lianeisme said:
Yes I add both uk and NASDAQ then divide by two it gives me the average I then watch the after hours trade on the us market its pretty basic.
With my bank stock I divide by 4.
As I said I really am new to this but it seems to work for me.
Click to expand...

Hi,
I am new to all this stock trading so please be patient with me.

Lianeisme, I am interested in your calculation methods.
Base on the overnight NASDAQ and FTSE indexes on the 24/6,
NASDAQ increased by 1.5536% (27.42 points)
FTSE increased by 1.182% (50 points)

The average of the above is only 1.3678%, not the 3.87 that you derived. Have I completely misunderstood something??

Would love to understand how you obtain the figure. Thanks in advance.
 
Only if it was so easy everybody will be rich. Firstly by looking at the Dow and the Nasdaq you are only looking at the index. Generally the ASX will follow. You cannot translate that movements in the index to a single stock e.g RIO or any of the big 4 banks.

When dealing with averages it is very dangerous. If you put 1 hand in boiling water and 1 hand in ice cold water, on the average you are quite comfortable.
 
RIO is a dual listed entity. UK and AUS, the shares are NON-TRANSFERABLE between the two exchange however.

UK RIO plc - http://finance.yahoo.com/q?s=rio.l

RIO plc shares also trade on the NYSE as ADR (ie so the yanks have access to it)

RIO plc trades in london from Aus time (around) 6pm to 2am.

RTP (the adr shares) http://finance.yahoo.com/q?s=rtp trade from around Midnight to 7am. (Depends on daylight savings, can't remember the exact times)

RIO plc's performance in the UK and in the US are an excellent indicator of what will happen in Aus, whether it gaps up or down etc.
 
Thank you, skyQuake for the explanation.

Using those numbers makes more sense than merely averaging the indexes (that I have done).

Thanks again.
 
Just wondering what the NASDAQ has got to do with our market which is weighted heavily with financials and miners. It would seem to make sense to follow the DOW or S&P 500. But then again if your finding success in following the NASDAQ then good luck. Things change though they always do.

Rio lately has been opening high then falling. Then it rallied. It and BHP set the tone today of and up and down market. Volume weakened siginificantly. If the US Market goes down tonight it could gap under $50.
 
i really think this is a minor correction and the bigger picture is that rio will be >$100 once the market for iron ore recovers and global economic recovery is starting to once again pick up, around 2012. Cant see them falling below the $40 mark, so the benefits outweigh the risks quite a lot i think.
 
Any chance you guys might like to add some fundamental or technical analysis to support those numbers?

Cheers.

:cautious:
 
kennas said:
Any chance you guys might like to add some fundamental or technical analysis to support those numbers?

Cheers.

:cautious:
Click to expand...

when rio plummeted to below $30 it was fear that rio would never be the same which sent it so low. Fear that in order to survive, it would have to sell most of its first class assets.luckily this didint eventuate and now rio will raise up to 15bn to keep the banks happy and rio can keep all their iron ore assets. its now a matter of time for the market to correctly assign a value to rio. markets are never perfect, but, after time they eventually get close enough, this is the basic financial principal for imperfect markets.rio is in the phase of slowly finding its true value. currently the market values rio at 23bn, with the same assets it has now, in mid 08, the market valued them at about 60bn. Of course iron ore(rios major income producing asset) prices have tumbled since, and this is why rio's s.p has tumbled, on top of the rising debt and inablility to pay it off as quick as first anticipated, resulting in greater expeneses. My view is that by 2012 onwards, global demand for iron ore will be in full recovery mode and india will be the new china, rio will not be even able to keep up with suppling this massive country with their iron ore needs and therefore, iron ore prices will be higher than they were before the global recession. Australia is the closest trading partner to india in terms of the iron ore trade, which will make it cheaper for rio and more appropriate for them to do business with them. with some very brief and uncertain estimates i must add, once indias demand in iron ore really starts to have an impact, with rio suppling in excess of 200mt of ore at >$150/t, generating $40-70bn in revenue, then 23bn M.C is not sustainable in the long term.
 
evas34 said:
Chinalco decide to participate into this rights issue at the last minute, does that mean something to the SP of RIO?

http://finance.sina.com.cn/roll/20090701/01212923592.shtml

This page is written in Chinese
Click to expand...

It's fairly normal for big shareholders to subscribe on the last day. There's a lot of interest foregone ( or interest payment incurred) in paying up millions of dollars any earlier than required.


;)
 
Rio Tinto reaches agreement to sell Alcan Packaging Food Americas division for US$1.2 billion
6 July 2009
Rio Tinto has signed an agreement to sell its Alcan Packaging Food Americas division to Bemis Company, Inc for a total consideration of US$1.2 billion of which US$ 200 million may be in the form of shares in Bemis Company, Inc. Completion of the transaction remains subject to customary closing conditions, including regulatory approvals
 
Hello gang! Checked my RIO this a.m. on NYSE at the open (11 hours ago) and my jaw dropped. -15% , 20$ US I thought what the ???? Maybe this was the new price because of the rights issue, but I don't know. Isn't the price supposed to "settle" on the 10th? What do you think? I watch the ASX most of the night over here. I see that RIO was up yesterday for you. Which way is it expected to go today?

Thanks from the States......:eek:
 

Similar threads

Ferret
ASX Index Tracking ETFs
Replies
19
Views
2K
Bellcose
B
Joe Blow
October 2024 Stock Competition Entries!
3 4 5
Replies
96
Views
5K
farmerge
farmerge
Joe Blow
September 2024 Stock Competition Entries!
3 4 5
Replies
85
Views
7K
peter2
peter2
Joe Blow
July 2024 Stock Competition Entries!
3 4 5
Replies
84
Views
7K
farmerge
farmerge
Joe Blow
June 2024 Stock Competition Entries!
2 3 4
Replies
71
Views
5K
Craton
Craton
Top