Pumpers take a seat. I warned all of you what was to come you ungrateful amateurs are now feeling the pain. Day after day I told you what to do to profit or preserve profits. SELL covered CALLS if you want to protect your long shares. Short equal amount of RIO shares against your longs shares. Now if you wanted to retire in 2 months I told you to sell naked CALLs and buy boatloads of PUTS. You fools did nothing. You don't know how to trade in a BEAR market. A monkey can make profits in BULL market. 40 in 2 months price target by the cheerleaders. LOL
I'm up now 70% today alone on my PUTS. You kids have been schooled. No more Mr. Nice Guy I'm going to rub it in your face everyday RIO goes down.
Your last bottom call was at 33.50. Now it's 32.11. We're under 32 right now. You gotta learn how to trade in a bear market. You guys dreaming of 40 are plain hilarious. This stock is going to get halved in this market.
Much more than the US economy is involved in RIO. The whole World needs iron and nickel etc. The Metal Mining Industry is about the hottest industry going and RIO is one of the best. I think there is little downside risk.