Well of the back of rio declining bhp's offer for three shares to there one rio price has soared by about ummm 30-40 percent in under 2 trading days I can't believe my eyes if anyone has rio there in the money...
i think fairly often the price does go up further even after the initial euphoria of the (potential) takeover announcement ...
i picked up a few at friday lunchtime well after the announcement for 132 and then sold today at 143.
may pick some up again if it dies down some more, but will wait for some more news as takeover speculation is the only type of trading that i ever do. (and normally only one buy/sell).
