RIO 0.88% $122.07 rio tinto limited

short rio!!!, page-20

  1. 358 Posts.
    Going as planned. See posting on the 30/12/03. Bought $38 puts on RIO when RIO got to $38.00, sold $37.50 calls a bit early.
    Sold $12 calls for BHP when BHP got to $12.50.

    These two stocks are still on an uptrend but expecting a very short term retracement. Watching support at $11.50 for BHP and $36.00 for RIO. May close half of the above positions on Monday.

    Still long RIO and BHP.

 
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