RIO - TRADERS THREAD

Good morning all.

I have no position ion RIO at the moment, maybe someone can help me?

I had considered shorting late yesterday, as I was expecting a fall, not to this magnitude though. The reason I did not short was because I was unsure and decided to leave it until this morning.

I would love to go long at this level, but I am worried. Both the FTSE and DOW are extremely high, and possibly well overbought. If the indices drop, does RIO follow suit? Or is it a beast of its own?

I have only been trading RIO for approx. 4 weeks, and have not yet convincingly sussed that out yet.

I would appreciate some feedback from some longer term traders of RIO. Any help would be appreciated.