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RIO

Discussion in 'Shares' started by Apocalypto, 17th Jun, 2009.

  1. Apocalypto

    Apocalypto Member

    Joined:
    17th Dec, 2007
    Posts:
    9
    Location:
    Melbourne
    Does anyone else think RIO is a good buy at the moment after falling more than 21% today (ex-right)? Or will it drop further as the rights price is only $28.29!
     
  2. Fruitloop

    Fruitloop New Member

    Joined:
    17th Jun, 2009
    Posts:
    3
    Location:
    Sydney, NSW
    To me, the main interest around RIO right now is comparing the price of RIO shares to RIO rights plus $28.29 (being the amount the shares cost using the rights).
     
  3. 1300 GET A PLAN

    1300 GET A PLAN Active Member

    Joined:
    2nd Aug, 2008
    Posts:
    37
    Location:
    Gosford, NSW
    Draw a trend line under the share prices. For a trend followers it looks good.

    For a Value Investor, it looks very expensive.

    General advice only.
     
  4. bylife

    bylife New Member

    Joined:
    12th Sep, 2009
    Posts:
    3
    Location:
    Melbourne, VIC
    The RIO is bluechip, worth to holding