Rio Tinto is a world leader in finding, mining and processing the earths mineral resources. The Groups worldwide operations supply essential minerals and metals that help to meet global needs and contribute to improvements in living standards. Rio Tinto encourages strong local identities and has a devolved management philosophy, entrusting responsibility with accountability to the workplace. Major products include aluminium, copper, diamonds, energy products (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc and zircon), and iron ore. The Groups activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa. Rio Tinto comprises wholly owned subsidiaries (such as Borax, Comalco, Hamersley, Rio Tinto Coal Australia, Kennecott and Rio Tinto Iron & Titanium), partly owned subsidiaries (Coal & Allied and Palabora) and non-managed, (Escondida) and joint ventures (Grasberg) in which public shareholders, other companies or governments are partners.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Iron:        29%
Coal:       19%
Copper     18%
Aluminum: 14.5%
Minerals:  12.5%
:              6%
Misc:        1%

local girls don't fuck, and stay well clear of the asian semi-pros who may will give you a leaving present!

Thats from a man who knows.......;))

fortunately not from experience - lol!

Well, that turned out to be a good trading tip, RIO down 80 odd points today.
Coincidence of Bollinger band and 200MA was always going to be a tough hurdle.
Mind you, easy to say after the event :)

very happy to have banked that profit!

glad to be out with nice profit ...... may buy back in at 2400 - see chart

for the brave and nimble ...... sp has just fallen to 2375 where it touches on 25 dma ..... trade for the bounce, though as i said, it's for the brave and nimble (or the quick and the dead!) as RIO tends to be at the best of times

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6003057/Rio-Tinto-shares-slide-on-China-spy-claims.html

Seems like my little Bollinger Band tip was a pretty good one (not that I can take any credit for it). Now down 248 points since posting, good as trading the DJ or a similar instruement

at the upper level indeed so, but judging entry is not quite so obvious
imo this rumpus with china is just a bit of sabre rattling and manoeuvring for some political end

22 might be worth looking at.
You need to study some other indicators in conjunction with the SP action Ricardo (or do you want me to do that for you as well?) LoL :-)

peter - you should be trading these yourself if you are not ..... you called correctly yet again at 2200 ..... managed to catch the knife at 2227 with some trepidation

Trepidation long since gone, stop at entry I hope Ricardo.
In answer to your question, No I'm not, but anything to help Guv (tugs forelock).

i'll certainly be out at top of boll bands

Just be careful this git isnt forming a mini head and shoulders, failure to get through 2500 or thereabouts may precipitate a fall back to at least 2200. Needs to make higher highs not lower lows. Dyor

i sold 65% of holding and am back in the money though not by much

Thought you bought in at 2219 old boy?

that was the last batch (2227) ..... regret had also bought in higher, but no probs

Did I read somewhere that RIO's results are due this week? Seem to recall profits would be halved? Not entirely sure to be honest.

Can't say I like the look of the chart at the moment as a head and shoulders pattern seem to be in the process of formation. Left shoulder at 20, neck and head formed, right shoulder at 20? We'll see.

at least my position here is b/e, but agree that sp is not behaving very well, so may cut tomorrow