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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (1771)	1/12/2005 6:09:33 PM
From: profile_14	Read Replies (2) \| Respond to of 13449

Dabum, what you may not have noticed regarding RIO is that it is inexpensive and it is presently negotiating steel prices with the Japanese. Analysts expect a 20%-30% increase. That will do wonders for its cash flow. Its business with China is growing strongly and China is also doing a JV in Brazil. I looked at BHP and RTP rise, along with SID, and said the only reason for RIO to lag was profit taking in the new year. I think a bounce is imminent and there is a little more of a following and value here. My entry this morning was near the day's lows, so I am up near a point. It is a trading play for me. Along with that theme, I re-entered ERJ today on the long side, buying stock at the close at 30.01. I see the stock holding this 30 level for 3 days, retracing a bunch, and also benefiting from a bounce in the Brazilian markets, which have been hurt badly by profit taking and interest rate worries so far this year. Again, it is only a trading play and I am trying to anticipate the moves to get the biggest benefit from any bounce, which could be about 2 points or so in my humble opinion. Best regards, stockcharts.com[r,a]daclyiay[pb10!c20!b50!b200!d20,2!i!f][vc60][iut!uh14,3!la5,17,9!la12,26,9!ll14][j33502527,y]&listNum=1