RIV is a great trading stock. The funds and Tata buy hard at different times. The shorts build in RIV after each big run and when they start to cover, the stock turns as well. Tata keeps creeping up the register and who knows what CSN will do? Maybe its time for them to start to buy more on this pull back. If RIV does the 100% pull back for the second time, i think its going to turn hard once again. There is still a lot of uncertainty in the overall market as well. Its an amazing chart. I would love to buy this under $7 again. A lot of analysts have focused on the ZAC result as being dissapointing. They completely miss the point of course. No one buys RIV for that. 2 global steel mills and a market cap of around $1.5 billion should tell them its all about Mozambique and nothing else. I would like to see RIV sell off ZAC and concentrate on Mozambique since this smaller mine takes up managements time for little gain. The fundamentals for coal remain solid and RIV is sitting on one of the worlds last major coking coal deposits with truly massive upside. I always think RIV is a buy when the market turns off since the buying comes in fits and spurts. Tata was happy to load up with another $50m worth of stock a buck above friday's closing price, so i bet they are right and not the twisters selling it down on small volume. DYOR.
RIV Price at posting:
$7.29 Sentiment: Buy Disclosure: Held
