yer you are right i weigh up the probabilities and its in the positive direction....RIO should be set to bounce not be sold off over the next couple of weeks and should overall trend to new highs this year even if resource prices donot rise as there expoloration and development alone will cause growth.
Currently there p/e is just over 14 times on the latest earnings and this is low for the stock especially in these times...you just have to look at their behaviour after there earnings announcement and can see momentum is there say compared to MLB...the two stocks have reacted very diferent
buy, page-2
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Last
$118.99 |
Change
-1.260(1.05%) |
Mkt cap ! $44.17B | |||
| Open | High | Low | Value | Volume |
| $119.90 | $120.18 | $118.01 | $119.1M | 1.001M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 153 | $118.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.00 | 102 | 2 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |