black wednesday..., page-36

thebarry111

Re your post; "Sadly any company with high levels of debt are going to be in serious trouble in this market. Really stinks that those in the know at rio and bhp will make a killing out of this whilst your average joe blow will lose a packet. Was saying on the bhp thread that something had to be up, how many days have you seen bhp rally 7 percent, whilst rio was down? Asic should be called on this one. It is a disgrace. The market is not a level playing field. Really feel for holders today. "

On the BHP thread I have expressed similar concnerns to these & I am concerned, short term, for small RIO investors who bought in after the takeover was announced.

However, IMO BHP was grossly oversold at $20 as the result of international targeting for shorting & synchronised global financial disasters. IMO the stimulus packages announced prompted some of the big shorters [hmmm] to cash in their profits by covering, hence the recent rallies in BHP's SP!.

IMO and as documented in the daily media, the performance of our regulators has partly explained the loss of confidence in our boarse & IMO seem highly unlikely to achieve anything. They have previously allowed companies like AFG, ABS & the B&B group to be hounded to death, why would they act any differently towards RIO?

On a positive note, IMO China does not want RIO to falter & may step in to absorb massive selling at throw-away prices, worrying about any issues of government objections later.

4YIO - NFA