re: down to rio in shorts Hmmm ... we went SHORT yesterday with the pack ... strong positive news recently so finger on the trigger here.
For those who follow the offshore numbers ...
ASX RIO LTD = $37.20
LSE RIO PLC £15.43 x 2.37221 = $36.60
NYSE RTP(PLC-ADR) US$111.31/4/0.7520 = $37.00
NYSE RTOLY(LTD-ADR) US$107.60/4/0.7520 = $35.77
Would seem o/s cousins trading at a discount although this is not uncommon.
Will be interesting over the next little while to compare these.
Cheers ... tight stops.
This is only my view ... read the red stuff.
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