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Politics : Ask Michael Burke

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To: hdl who wrote (118634)6/11/2009 5:43:17 PM
From: Knighty Tin  Read Replies (2) of 132070
 
Rio Tinto RTP zoomed from $59 a share to $187 because the Chinese were going to take it over. Now, the Chinese have dropped out of the deal and the stock has crash---, oops, it's gone up to $212. Sorry, this doesn't compute. Iron prices are up because China is buying it for their steel companies. However, their steel companies are not selling the steel they make. Love RTP, but there could be a kerplunk when this one falls off the wall.
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