You need to upgrade your Flash Player
You are now using a guest account at UpDown that will expire in 7 days on November 30. Sign up below to join the site and save your portfolio.
Note: If you already have an UpDown account , please log in.
Chad Jensen profile image chadstock

Chad Jensen

$0.20
Grantsville, UT
10/03/08
$1,002,089.60

1
02/10/09
0%
0.2%
Send Message

Stock Pick by Chad Jensen

RTP: Rio tinto will go nowhere but up

Start trading RTP with real money!

Rate Analysis
star star star star star
1 ratings
Posted 410 days ago on 10/07/08

RTP will go UP
$300.00 on 4/07/09
$211.90 (5.72% from time of market call)

All stocks are down now which means it's a great time to buy. Rio tinto has a very diversified product line including gold, silver, Sulfuric acid, copper, diamonds, aluminum, borax and many other mining products. It is a good situation to be in. If the economy continues to slump they have precious metals and diamonds to help shore profits up. If the economy improves they have copper to manufacture the electronics that are in demand as well as moly which is an alloying element in high strength steel. But don't expect an immediate return as this is an intermediate to long term investment.

Add a Comment

Comments

No results found
Subscribe to Stock Analyses Comments feed:


Make a suggestion for this page

Investing Channel Logo

Data powered by QuoteMedia (Terms of Use). Data delayed 15 minutes unless otherwise indicated.