"Once again, the dollar is pegged to the yuan. Meaning the yuan doesn't change value compared to the dollar. China's gov manipulate their currency and keeps it at a fixed rate. try to keep up."
I must admit that I had no idea the dollar was pegged to the Yuan. Perhaps you would be so kind as to provide a link or something that supports your contention.
If the Yuan is kept at a fixed rate how does it appreciate against foreign currencies? It may be restricted but that hasn't kept its' value from appreciating.
Just remember it doesn't cost anything to pay attention.
I'll try to keep up. You cute little racer, you.
Don't sell unless you think the overall market will fall. New money is coming in from all over to take advantage of the cheap dollar. Fundamentals about the stock don't mean much until they do. MM will decide that. RIO only fell .69 cents today. If it falls $4.00 I would be concerned. Just set a stop loss to protect yourself. For what it costs to buy and sell who cares if you sell and get back in tomorrow or the next day.
yeah it matters. The yuan is going up and the dollar is going down. That's like asking after you bought a stock does it matter if it goes up or down.
I know that's pretty abstract but try to keep up.
Perhaps some consolidation. This stock has come a long way this year and has surged since the split. I took a little off the table over the past couple of days and bought some short term puts to protect some of my gains. IMO the broader market isn't taking into account that the liquidity crisis may not be over. I think they're building in another rate cut which I think is very unlikely because of the impact on the dollar which is likely to create inflation via imports and raw materials if it continues to weaken.