rio in uk, page-8

Mate,

This company has made huge mistakes by taking over Alcan at top of the market and BHP was doing the same thing trying to take over RIO at the top of the market with huge premium.............. now ladies and gentlemen the management of these two huge companies are human just like you and me and we all have a huge ego so big that we want to be right and to be hero, these people as a matter of fact are god or they think and the sad part is they will make the same mistake again in the future why??? hell because they are human and we are very much controled by power..... money and sex.
Traders are the same..... we want to be right always and we can't control our ego too and emotion, that is why most of them never make money and the most dangerous part of trading is......the time after you make a killing, that is the time most people think that they are so good and they are champion and they are better than the market and that is the time they will most likely make a huge mistake like RIO and put on a loosing trade and before they know it they loose not only the profit but the capital as well, the same like RIO people when their company make huge profit and flooded with cash which is the KING of all kings they become GOD and loose their commonsense and their head grows to big and they think they can never loose and the rest is history but BHP almost made the same mistake trying to take over RIO at top of the market and it was 150 odds bucks a share.......just imagine if they had been given the green light..... maybe BHP would have been in a big problem too.
I like to take advantage from their mistake as they have given us now a rare opportunity to buy their share at a better price, as world economy will recover and RIO will again be on top of the world only then investors will see if Alcan was a good buy.............just remember the lesson.....don't be too cocky, big headed and greedy when things are going well just stay humble as the market is bigger then anybody and they are always right..... Cheers