Bought RIO

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February 23, 2006

Used the dough from the CNTF fire sale to pick up some RIO. Cramer mention this stock two days ago in his bull market in minerals program. NOT precious metals.

RIO still has quite a bit of value in it and the stock is at support therefore I purchased it :) .

Produces and sells iron ore, pellets, manganese, iron alloys, gold, kaolin, bauxite, alumina, aluminium, and potash. The company is based in Brazil, where it owns and operates railroads, maritime terminals and hydroelectric power generation projects.

This is a medium term play as it does not move that quickly in comparison to other small movers.