Rio Tinto

[Ext User(Lionel)]

Dave wrote:
> "John Wright" <notprovided@something.com> wrote in message
> news:43dfeecf$0$26973$afc38c87@news.optusnet.com.a u...
>> "Vital" wrote
>>> Hi,
>>>
>>> What are you thinking about Rio Tinto? Any prediction for short-long
>>> time?
>> On each day, a certain number of RIO shares are sold by people who thought
>> it was a good idea to sell RIO. And on that day an equal number of RIO
>> shares - no less, no more - are bought by people who thought it a good
>> idea to buy. This is true every day, of every stock.
>>
>> So at any point in time the strength of upside and downside prediction are
>> always equal.
>>
>> Regards - JW
>>
>>
>>
>
> Not really, price is the last cross over of value between a buyer and a
> seller
>
> It doesn't tell you anything about upside and downside strength

Ahhhh, is that a serious response?

Lionel.

[Ext User(Vital)]

Hi,

What are you thinking about Rio Tinto? Any prediction for short-long time?

Vitalio

[Ext User(Lionel)]

Vital wrote:
> Hi,
>
> What are you thinking about Rio Tinto? Any prediction for short-long time?

I think that they might mine some stuff out of dirt . . .

[Ext User(John Wright)]

"Vital" wrote
> Hi,
>
> What are you thinking about Rio Tinto? Any prediction for short-long time?

On each day, a certain number of RIO shares are sold by people who thought
it was a good idea to sell RIO. And on that day an equal number of RIO
shares - no less, no more - are bought by people who thought it a good idea
to buy. This is true every day, of every stock.

So at any point in time the strength of upside and downside prediction are
always equal.

Regards - JW

[Ext User(Dave)]

"John Wright" <notprovided@something.com> wrote in message
news:43dfeecf$0$26973$afc38c87@news.optusnet.com.a u...
> "Vital" wrote
>> Hi,
>>
>> What are you thinking about Rio Tinto? Any prediction for short-long
>> time?
>
> On each day, a certain number of RIO shares are sold by people who thought
> it was a good idea to sell RIO. And on that day an equal number of RIO
> shares - no less, no more - are bought by people who thought it a good
> idea to buy. This is true every day, of every stock.
>
> So at any point in time the strength of upside and downside prediction are
> always equal.
>
> Regards - JW
>
>
>

Not really, price is the last cross over of value between a buyer and a
seller

It doesn't tell you anything about upside and downside strength

[Ext User(John Smith)]

I'm pretty heavily exposed to rio right now ~14%.

My thinking is China, and to a lesser extent india and russia will continue
to have high demand for resources, and shares like rio and bhp will continue
to do very well for at least the next year.

It's a very touchy feely approach, but the way I see it, it was an accident
of history that china was ever communist, and it will be the powerhouse
economy for a long time to come, and while rio and bhp have stuff in the
ground that china can use, there is value in them..

long term, short term: iron and coal producers, and uranium for energy sound
good for me..

But we'll see..





"Vital" <vitali9@tpg.com.au> wrote in message
news:43df41ad$1@dnews.tpgi.com.au...
> Hi,
>
> What are you thinking about Rio Tinto? Any prediction for short-long time?
>
> Vitalio
>
>