Peoples, I feel your pain but "hope" is not a strategy and if "hope" is what you're counting on, you are dead meat. How many times must I warn you. It's not too late to get out and save some of your capital. We are going down to at least $15 by Oct - Nov or sooner.
ref: "I feel your pain"
It seemes to me, you feel nothing.
Are you leprosy infected?
Do nt you realize, flat basher,
that other people work with proper
tools, to know exactly, what is
f.e. not overpriced?....like RIO?
If someone is trying to convince
other people, that a stock is
overpriced, he comers with figures
and facts, if his IQ is not below
100...but not with slimy outflow.
Now you are happy, to be the only
one, reading your own posts in the
future, ignored by everybody, right?
I'm not short - but just waiting for this to bottom out before I buy back in (I sold in the 40's a while back, and went onto play nat gas, not paying attention to how much RIO has been going down all this time!).
What I'm seeing is a strange pattern in that it goes down heavily one day, followed by three days of promising days, and then it goes back down heavy again. See the chart for yourself - it's almost spooky how the pattern keeps on repeating.
Yesterday was the heavy down day. Today is the first promisinng looking day. If the pattern continues, then it's two more okay days, and a slam down again.
We just have to wait for this nasty trend to be over before we can safely buy/add. Otherwise, we can see it go down further like other "good" companies that are getting manipulated at this insane market condition.
Buying call options may be a safe way to play?
"What I'm seeing is a strange pattern in that it goes down heavily one day, followed by three days of promising days, and then it goes back down heavy again."
That is exactly what bear markets are noted for. Brazil's stock market is heading down and so is RIO.
What you are seeing is the "dipsters" that have been rewarded by buying every dip but that is changing and they will go bust if they continue to do that.
The world economy is slowing down. Get with it.