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6 pts

Opinion on  Companhia Vale Do Rio Doce (RIO)     Sector: Basic Materials  >  Industry: Metal Mining
Mining major - close to 52 week lows

Sep 08, 2008 04:01 PM GMT
India_flag_background
Return Risk
-4.67% MID
Sr. Associate

Companhia Vale do Rio Doce (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets. It also produces bauxite, alumina, aluminum, copper, coal, cobalt, precious metals, potash and other products. Vale operates logistics systems in Brazil, including railroads, maritime terminals and a port, which are integrated with its mining operations.

from google finance


RIO:  This call was made on 09/08/08 @ $23.29
Rating:   Positive   $23.29 (09/08/08)
Gain/Loss:   n/a in 426 days
Allocation:   0.8% of portfolio


Comments (4)

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Redemption
Greg   73%     0 point   commented 423 days ago reply

wait for dxy reversal or atleast decreasing some iron ore stockpiles in china

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Redemption
Greg   73%     0 point   commented 423 days ago reply

wait for dxy reversal or atleast decreasing some iron ore stockpiles in china

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Thomas George    9 %     1 point   commented 422 days ago reply

At these levels I dont think anybody can go wrong in the long run,the current bear market will last as long as central banks are tight.But sooner rather than later India and China will refocus on growth by loosening monetary regimes and commodities will soar again.

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Redemption
Greg   73%     1 point   commented 422 days ago reply

now is the time to buy!


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