Club Mulgoa

Tuesday, February 12, 2013

RIO

Last year, I sold some RIO shares to generate cash to purchase SPP in RIA.  Wasn't a good move retrospectively as RIA has tumbled since.  Tumbled a lot.

But as soon as I sold for about $71 a share, I bought back about 70% of the share at around $64-67.  And of course, the share price dipped lower still and only recently, I can smile again.  In fact, I will look forward to returning my RIO to the number of shares I used to own in it.  The new CEO Sam Walsh is doing wonders to the shares.

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