Rio Tinto plc (RTP)

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  • commenter
    fireball
    Jul 05 04:04 PM
    Seven Uranium Stocks to Fuel Your Portfolio [view article]
    bhp seems the safest to me. if uranium goes up they benifit. if it goes down (which i doubt) they blink. silex seems a much better enrichment play than usu. it seems they are making usu obsolete. Reply
  • commenter
    fireball
    Jul 05 03:53 PM
    GM on the Skids - Fast Money Recap (7/2/08) [view article]
    so merrillynch thinks gm may go bankrupt. that is enough to make me at least put them on a watch list with ford as a potential long term comeback. oh mer is further down the list along with citi and the other major financials. probably a very longterm watch. the financials will go much lower before i will even consider them. Reply
  • commenter
    miamistorm
    Jul 05 08:16 AM
    Coal and Steel Stocks Take A Hit [view article]
    Some readers of this forum seem to believe the China story is all over after the Olympics ends. Don't fool yourselves about the China growth machine. The Chinese coal and steel stocks (ex. GSI) have bright futures ahead. With the Chinese economy growing on average at between 10% to 12% annually for at least the next 5 to 10 years the global slowdown is a little more than a speedbump for this ancient nation. Let us not forget that when the Olympics end preperations for the World's Fair in Shanghai begin. By some well respected estimates China will spend nearly as much on the World's Fair event as they did for the Olympics. I agree with the reader who wrote that 'now is not the time to buy momentum stocks' as the momentum is down and it's a little too late to buy these dubvious 'bargains' here in the developed world but in the emerging world of China their steel and coal stocks are where US Steel was at the begining or our industrial revolution. How many of us, given the chance, would buy US Steel when that company was only several years old? Reply
  • commenter
    kurt walter
    Jul 04 08:07 PM
    GM on the Skids - Fast Money Recap (7/2/08) [view article]
    The fast money TV show is around for one reason to make money from advertising. Reply
  • commenter
    User 56457
    Jul 04 03:13 PM
    GM on the Skids - Fast Money Recap (7/2/08) [view article]
    In the global markets, is there ANYTHING that is not impossible, seeing that that exciting really is a double or tripple negative! Reply
  • commenter
    helplessobse
    rver
    Jul 04 01:00 PM
    GM on the Skids - Fast Money Recap (7/2/08) [view article]
    The Fast Money Guys are pure and simple momentum players. Their recommendations are for investors who keep careful tabs on the market. Following them you can make huge gains, but must be able to take losses and shift to the new group, either long or shortl. Long term investors are advised to beware of the Fast Money Guys. Stocks like GE, Emerson Electric and Air Products and Chemicals are seldom on their radar screen. Reply
  • commenter
    notsosmart
    Jul 04 10:22 AM
    My Website
    GM on the Skids - Fast Money Recap (7/2/08) [view article]
    people,people-dont believe anybody. think for yourself.this is no longer business but a game & everybody in it has their own agenda.who looks out for #1-you do & only you. Reply
  • commenter
    silveraxis
    Jul 04 06:53 AM
    My Website
    Aluminium Prices Are Expected to Soar by More Than 30% [view article]
    I see no "alpha" opportunity here. If Aluminum is going 30% higher because the cost energy will rise (which makes up 20-40% of the cost to produce aluminum) then it would be much better to simply invest in energy. Of course, the big assumption here is that energy will continue to rise--probably true in the long term but there will be extended exceptions to the rule that willl seem a lot like bear markets. Reply
  • commenter
    jjason
    Jul 04 05:04 AM
    Coal and Steel Stocks Take A Hit [view article]
    Coal stocks were way overpriced. And maybe consumers of coal decided prices were too high too.

    Oil is next...I hope.     Reply
  • commenter
    blink0404
    Jul 03 12:21 PM
    Coal and Steel Stocks Take A Hit [view article]
    as the market continues to go down, coal, which used to be a safe haven, now looks like it may be subject to a downward trend. Here's a pretty good podcast that discusses what to during this down market and what's going on with coal, steel, bulk shipping, and agriculture.

    the main idea is that individual investors dont have to act like institutional investors and this market and may be better holding cash than trying to beat the market.
    www.greenfaucet.com/sh...     Reply
  • commenter
    blink0404
    Jul 03 12:19 PM
    Aluminium Prices Are Expected to Soar by More Than 30% [view article]
    as the market continues to go down, material and agriculture, which used to be a safe haven, now looks like it may be subject to a downward trend. Here's a pretty good podcast that discusses what to during this down market and what's going on with coal, steel, bulk shipping, and agriculture.

    the main idea is that individual investors dont have to act like institutional investors and this market and may be better holding cash than trying to beat the market.
    www.greenfaucet.com/sh...     Reply
  • commenter
    User 220541
    Jul 03 07:12 AM
    Coal and Steel Stocks Take A Hit [view article]
    Lots of mitigation issue for MEE. Don't see this one rising as drastic as it did before. Expect it to fall further. Everyone is bailing out. Lost $17, yesterday alone. Reply
  • commenter
    Mark Anthony
    Jul 03 02:57 AM
    My Website
    Coal and Steel Stocks Take A Hit [view article]
    I have warned about the coal sector, just a few days ago. And few people paid attention? Read below about why the coal bull has run too far too fast:

    seekingalpha.com/artic...
    Reply
  • commenter
    AtlanticAve
    Jul 03 02:01 AM
    Coal and Steel Stocks Take A Hit [view article]
    Greg, thanks for that great post. I agree with you, although I haven't looked at the specific data driving today's sell-off. However, based upon my research over the last few months, the coal story is very much still intact.

    As an example, ACI is expected to grow at nearly 40% year-over-year for the next five years. (2nd qtr earnings are due on July 23rd).

    Today's drop was pretty dramatic, but I will be surprised if we don't bounce back in short order.

    I agree that this is a buy signal, but the market is pretty high-strung right now so I'm going to wait to see what happens tomorrow. We could get another down day.


     Reply
  • commenter
    Greg Ripka
    Jul 03 01:32 AM
    Coal and Steel Stocks Take A Hit [view article]
    Window dressing has nothing to do with the sell-off in coal equities. Evidence this explanation is spurious, can be found in the 7/1 price of these equities. The first day they could have been sold if they indeed were window dressing, collectively, these equities were all near there highs.

    The reason coal equities sold off on 7/2 is a function of coal's price.

    The impetus was Asian utilities reluctance to pay $220 per ton for seaborne thermal coal, when last week they had paid $170 per ton. Notably, the transactions where completed at $200 per ton.

    More significantly, NYMEX futures on the Central Appalachian contract closed down roughly 9% on the day dropping from $143 per ton to $130 per ton. In London, API2 coal swaps were off by as much as $24 on the day. European benchmark coal also dropped on the order off about $25 per ton. This correction has been anticipated given the rate at which prices have increased over the past month. Fundamentals remain intact, namely the growing supply imbalance which has driven the phenomenal growth in these Companies values.

    Reaction to these price drops was so severe because this is the first sign of anything remotely resembling weakness in the coal market. The result is coal equities are oversold and at these levels represent a great entry point.
     Reply

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