Post by
alank1 on Jun 01, 2011 5:44pm
volatility ahead for rio
there's a lot of volatility coming on for rio, the presidential election is on sunday and its going to be very tie result if keiko fujimori wins the election i think this stcok can win at between 20% to 30% in two days, but if the left party of humala wins this stock will be very cheap and maybe i will buy it for c$1.20, when lula won the election first time in brasil the bovespa retreat 32%, if humala wins the peruvian index will retreat more than that and this will drag rio stock, look buenaventura stock today 6% off and its biggest gold producer in peru, think what will happen to rio?
Comment by
fleeinggrandich on Jun 01, 2011 5:55pm
Good luck with $1.20. I doubt this can fall below $1.70. I'll be adding at $2, and if I can get a chance to buy more for $1.70 I'll be selling everything else.
Comment by
alank1 on Jun 02, 2011 11:50am
if humala wins in one year their won't be any congress ability to change anithing because he is going to close it and make the reforms to have a new one, look the venezuelan example, here its the same, so like i said if humala wins rio will fall hard to 1.2, i hope for the good of the peruvian people and all the investors that keiko will win on sunday
Comment by
fleeinggrandich on Jun 02, 2011 10:02pm
Alank you're a clueless twit who's been here a week. You spout off worthless opinion to make yourself feel important.Here's your first ignore. You'll get a lot more of them unless you grow a clue.
Comment by
alank1 on Jun 02, 2011 11:26pm
it seem that you don't know anything about peru or latin america, in latin america sometimes when the congress don't let the president make the reforms, makes a referewndum and change the constitution or close the congress, look i.e. ecuador 2 weeks ago the president change some crucial points via a referendum.
Comment by
peruchocanuck on Jun 03, 2011 2:58am
Good try Alan, I would love to add more at 1.20, but don't see the price going down that much even if Humala wins....From your comment "..maybe i will buy it for c$1.20" I assume you dont hold any RIO at the moment, sorry pal a little too late, but if I was a first timer on this stock I would load even at current prices....
Comment by
alank1 on Jun 03, 2011 10:05am
i sell all my rio stock a few days ago, if keiko wins i will buy again if not i will wait until the stock reach the $1.20.
Comment by
sysaphus on Jun 03, 2011 4:00pm
Put me in the ignore group too.