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RIO - Rio Tinto

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Garpal Gumnut said:
Its the trading range, $60 to $73.

The longer it stays in this range the greater the break to the upside, which is likely. Or the downside which is less likely.

I will continue to load up on weakness in RiO.

gg
Click to expand...

RIO is getting towards the bottom of the range.

Interesting.

gg
 
I must be the only silly bugger trading RIO on ASF.

Remember, you get the same profit from the move of 200 shares in a $60 company as you do from 200,000 shares in a 6c company. You also don't have to carry as much scrip in your pockets, leaving room for your wallet and keys.

This could be the start of an upward move for RIO, if not I'll be watching for signs of increasing volume as it approaches $60.

The RSI at the top of the chart, (the redline one) shows good correlation on previous down moves in to overbought territory under 30, at the $60 mark, with a significant recovery each time.

As ever I am so looking forward to tomorrow and get my beloved motor back from it's service.

gg
 

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I'm not trading RIO yet, gg, but it's approaching the price area where I'm becoming interested in acquiring some RIO shares. I'd be careful about setting a stop under $58-$60/share, as that seems to be the bottom of the trading range at present.
 
If I wasn't using a very small holding in RIO to demonstrate the foolishness of a buy and hold approach, I wouldn't be buying this.
 
Julia said:
If I wasn't using a very small holding in RIO to demonstrate the foolishness of a buy and hold approach, I wouldn't be buying this.
Click to expand...

It helps if you buy and hold from the right starting price?
 
I have a bit or BHP to keep me interested in the sector.
It moves like a slug and is as big as a whale so it's a good indicator.
When it looks like it's turning I'll probably get into RIO and AGO
 
poverty said:
It helps if you buy and hold from the right starting price?
Click to expand...
Yes, of course. I bought around May 2010 at $65 having watched it come down from a bit over $80. Sold most at a decent profit, but kept just 150 for the buy and hold experiment. It has so far reinforced my belief that riding the trend up then selling is a much more profitable strategy.
 
I'd agree with that, Julia, at least as far as miners and o&g stocks are concerned. There's always the exception(s) of course and I think that BHP and RIO make good cases to be included in long term, core portfolios. But a different matter for traders!
 
Hello,

First post here.

I am currently reading RIO annual report, and puzzled by not finding what is the FE % contents of Iron Ore.

Take a look at production report here:
http://www.riotinto.com/annualreport2011/production_reserves_and_operations/index.html

From the report:
"Mine production figures for metals refer to the total quantity of metal produced in concentrates, leach liquor or doré bullion irrespective of whether these products are then refined onsite, except for the data for bauxite and iron ore which represent production of marketable quantities of ore."

Any ideas what they actually mean?

Many thanks,
Humble Investor
 

Thanks for the link, it has lots of great data.

However, the question is quite specific. Why the Avg. Fe % contents of Iron Ore sold it not mentioned in Rio's reports?
You all would agree with me that there is a difference if they deliver 100 mtpa of 100% or 60% Fe.
Also, Rio sells a few types of Ore, so it would make sense to somehow "normalize" the reports to 100% Fe. or else provide more details.

Any ideas?
 
Fair point, humble.

I don't know the answer but my guess is that the Fe content from RIO's mines remains fairly stable over time; the buyers know what they can expect from certain mines and therefore buy on a "tonnage" basis from those mines. But as I say, just a guess.
 
RIO and AGO now in the buy zone between 50 and 61.8% off the high of the bounce from the 5 wave lows I believe!
 
notting said:
RIO and AGO now in the buy zone between 50 and 61.8% off the high of the bounce from the 5 wave lows I believe!
Click to expand...

My 1st post here, thanks. I am starting my 1st share portfolio. Will be adding these to the top of the list.
 
wilto said:
I am starting my 1st share portfolio. Will be adding these to the top of the list.
Click to expand...
Not in any way to comment on Notting's choice, but what's the basis for your 'adding these to the top of your list", wilto?
 
RIO has been on a long down trend for 2 years and it currently on a downtrend the has been tested 4 times. We are forming a triangle since the year low at the end of August and the most recent low at the end of September.

The last 2 weeks has been up but on generally very low volume. This would need to break up on high volume else I fear it will be a false break. I however think we will see another push down.

 
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