I'm seriously considering putting some cash into BHP or RIO this morning for a 4-6 month hold. The stock markets have shaken off the Bears with earnings season and yet despite the IO price having stabilised neither stock has really moved yet the market as a whole has headed up.
Not or sustainable situation and BHP is close to about as low as it's going to go. However RIO has more range and upside and with their smaller cap and glencore still possibly around RIO might want to increase dividend repayments. But RIO perhaps has more risk as its all IO and the price still has room to fall.
Any ody ody have a TA or FA preference on either?
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- Friday Feeling 24th October 2014
I'm seriously considering putting some cash into BHP or RIO this...
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