Rio Tinto Share Discussion Threads

[robrah] 06/7/2017 08:18

I feel my free holiday offer is gone.So sad . Would have loved a trip to ny city . But to be honest even a trip to Devon would have done fine.

[stevenrevell] 06/7/2017 07:45

I feel £35 in my blood soon

[action] 05/7/2017 21:45

Interim results 2.8.17 .

[action] 05/7/2017 20:39

RobrahWait it go higher b4 u short this one. For day trading shorting after 5 % daily raise is ok. For along term let the trading update come out b4 short it IMHO.

[robrah] 05/7/2017 15:07

But I know there is nothing you could have done . It is rio tinto afterall

[robrah] 05/7/2017 15:06

Such a shame. It look like Steve won't sponsore my holiday

[stevenrevell] 05/7/2017 12:26

That's gone Linton

[linton5] 05/7/2017 09:48

Resistance 3406 then 3679

[action] 05/7/2017 09:00

Robrah get a ready for free hols lol

[robrah] 04/7/2017 14:03

Fair enouf Steve. I hold u that lol

[stevenrevell] 04/7/2017 13:48

£35 robrah il pay for u hols

[action] 04/7/2017 11:34

Robrah It may well reach 35.00 b4 it goes back to your target of 30.00

[action] 04/7/2017 10:18

I love the bull n bear I'll n push. It is trading opportunity

[stevenrevell] 04/7/2017 09:34

£35 cumming

[robrah] 04/7/2017 08:25

Lol not to worry iron ore is down 4.5%Normal service will resume . Bulls can only claim victory when the a new 52week high is made . Till then just wait and watch .Most of the smart money will be off the table the moment 33 starts breaking

[action] 04/7/2017 08:07

Robrah Bulls r taking over. We need some bull bear discussion. Your comment r most welcome

[nick100] 03/7/2017 19:41

I hope so too I have quite a few on IG and physial shares.

[yam114] 03/7/2017 14:09

Nick100. Seems a good reason to hold on for now.

[canonlybeone] 01/7/2017 19:40

Seems Rio has a decent july/Aug to look forward to

[arnietwo] 01/7/2017 19:28

Thanx guys, yes stamp duty is about 50 quid and charges are 12.50, so as you say i need it to drop buy more than 20p to come in again at even.
I dont have the facilities to day trade but have had some success !!
So i am poised yet again for the share price to drop back a bit, even to 3220 ?
I will be watching at 8am on monday !!im at my place in spain just now so have an extra hour in bed to prepare.

[arja] 01/7/2017 19:19

arnieetwo,
why not trade using CFds to avoid SD ??- on £10,000 worth you are losing £100 on every trade although saving a little on financing charges if you hold overnight .

[m_k_hubbert] 30/6/2017 22:58

arnietwo, your post didn't state commission rates hence for this example I've assumed HL's full rate of £11.95 plus £1 PTM levy for considerations >£10k. Transfer stamp on a £10k deal is £50 thus total in and out dealing expenses amount to £75.90. For 312 RIO @3202p (£10k's worth) you'd need a price hike of 24.3p to cover dealing costs. Some online brokers offer cheaper rates (as do HL for frequent traders) but dealing costs would still be in order of 20p per share as Transfer Stamp and PTM levy are fixed costs common to all brokers.

I sold too soon @3183p but a fair batch were bought below 3000p thus I was able to clear 5.5%. With these sudden spikes I find it next to impossible to time trades and held on too long during the February spike and saw it slip back hence I was determined to bank the profit this time.

[arnietwo] 30/6/2017 20:54

wad collector, im trying to do the same, trade regularly, within a matter of a few days i made quick 5%, buying at 3088 and sold at 3258. Ive then set a limit to buy again at 3202. As I need it to drop to that to cover the stamp duty etc.
Im buying 10k worth at a time.
Any other advise ??

[wad collector] 30/6/2017 15:03

Let some more go at 3285. The causes of share price changes here are so multifactorial that I just look at the share price numbers....