Ann: Dividend/Distribution - RIO, page-54

RIO down 12 bucks from its June high, yet iron ore is at its highest price for more than half a year and its recently released report revealed quite a solid performance. Amazingly, given all the recent good news, all of the gains RIO investors have made from 1 Jan of this year have now been wiped out. Eight months of great performance gone in a few trading days. Such is life for the RIO holder, you have to keep a constant eye on the computer screen. Then again, every stock can't be like COH or CSL. Very odd how this stock behaves though, I've watched it do similar things many, many times over the years I was invested in it. I'd be looking for some sort of consolidation before buying into this stock now as this rout appears to be turning into a downtrend. Having just fallen 15% from its June high, a further fall of 10% to 15% from its current price isn't out of the question. That would bring the price down to the mid to high sixties. Could be good buying from there, at least for the short term. But as I said earlier, investing in this one means keeping your eye on the computer screen. Most of us have better things to do...