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DaveinHackensack

10/14/09 10:51 AM

#4704 RE: RMIWA #4703

You're welcome.

My limit orders are in the low 2's, so I'm not the one driving the price up today. I suspect the news out of Rio Tinto (that it sold a record amount of iron ore last quarter) is behind the spike. I heard that on Bloomberg TV last night, though the anchor noted that analysts don't expect the Chinese buying pace to keep up at these levels next year.
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littlefish

10/14/09 11:27 AM

#4706 RE: RMIWA #4703

I doubt it is anticipation. The volume is light.

It may be 'Anon' nibbling on a few more shares still building a position. Or maybe someone else buying a few shares.

Looks like there's still a few traders or people selling lightly though on the run.

What we are continuing to see though is the shares get tucked into tighter hands IMO.