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Vale S.A. Message Board

  • aztex66 aztex66 Jun 11, 2008 5:19 PM Flag

    Fast Money said get out of RIO

    Macke stated, that when insiders are selling stock to raise money (15 billion) get out. Macke gave examples of other companies doing the same thing and they are all way down as a result.


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    • Mackee is a complete jerk!i remember him saying pot and mos were all hype look how far they have advanced since then pot was 148 at the time and mos was at 98 thye guy is a big mouth loser an an ahole to boot.he doesnt know what the hell he talking about ever he like the loud mouth drunken asshyole in a bat that get slugged in t5he face for his rude comments!

    • After hours trading sent it down 2% in 15 minutes since his comment. Correct that these guys (and a girl) are dead wrong just as often as they are right. They been calling Citibank (C) a buy for 3 months! Look at that one recently and wish you had puts on it. All there wisdom is retrospect and math after the fact. They're great at speculating why something happened but lousy at predicing what will in the future.

    • Macke is the trader I like the least on that show. He seems to be wrong as much as Cramer. Besides, isn't he a retail expert? What does he know about the metals sector?

      Second, remember that the show is "Fast Money" and for those of us who are looking beyond the next few months, this is a buying opportunity.

    • For a show titled "Fast Money", they tend to concentrate on the TRADE rather than the investment type scenarios. AND the panel tends to be wrong just as much as anyone else (if not more) from what I've seen...remember, it is your own research and make your own decisions.

      My decision is that this is a long term investment for me, so I am not concerned about tomorrow's movement only that the company is solid with good growth potentials.

    • just for a bit of context, Macke hates Brazil and has been negative all the way up.

      I don't disagree with him that in the short term this will put pressure on the stock, but this is not a broken company.

      my guess is that they are selling stock to buy coal, or copper. they tried to buy PD a long time ago and lost to FCX, so maybe they try again.

      I think our real problem is that everyone seems to think this stock is a "sure" thing.

      It does have a tendency to break the 200day ma, wiggle, then bounce back, so perhaps its best to keep your powder dry till then.

      • 2 Replies to consogliere
      • why would thinking it was a "sure" thing be a problem?

      • Vale Extends Decline After UBS Says Share Sale May Hurt Stock
        2008-06-11 14:27 (New York)

        By Diana Kinch and Alexander Ragir
        June 11 (Bloomberg) -- Cia Vale do Rio Doce slid for a
        fourth day in Sao Paulo trading after UBS AG said the miner's
        plan to sell $15 billion in stock may hurt shares as the company
        faces ``negative trends'' in its business.
        Vale, the world's biggest iron-ore producer, slumped 1.8
        percent to 47.73 reais at 1:50 p.m. New York time. The stock's
        9.9 percent four-day decline is the biggest since January.
        ``Debt markets may be tough to access now, and Vale is
        willing to issue more expensive equity to finance M&A, which may
        keep share prices depressed in the short-term,'' wrote UBS
        analysts Edmo Chagas and Carlos Vasques in a report today.
        Vale said yesterday it would make its largest-ever share
        sale to fund a planned $59 billion expansion and possible
        acquisitions. The Rio de Janeiro-based company said it isn't
        currently in talks for any ``strategic'' purchases.
        According to the analysts, Vale's stock sale comes as it
        faces lower nickel prices and shortfalls on iron ore shipments
        because of infrastructure constraints.
        ``While some of the constraints are temporary, and nickel
        prices seem to be supported by high cost producers, we do not
        expect them to reverse before year-end.'' wrote Chagas and
        Vasques. ``Also, sentiment on mining continues to deteriorate due
        to an expected slowdown in demand also in the short-term.''
        Vale increased its exposure to nickel price volatility
        following its purchase of Canada's Inco Ltd. last year, which
        made it the world's second-biggest producer of the metal. The
        company in March shelved a $90 billion takeover bid for Xstrata
        Plc after talks between the two sides broke down.

    • Where does it say insiders are selling? I read that rio is selling shares to fund acquisitions.
      He referred to genco which sold shares as well as some insiders. those insiders still hold substantial amts. of stock. think fast money guy got his facts mixed up.

    • so based on logic the opposite will happen tomorrow and the stock will go up? just like cramer said to buy RIO and it went down, now when they say to Sell rio it will go up. holding.

    • i think one example was DRYS.

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