RIO's been weak because nickel has been weak. Stainless steel (which becomes
stainless b/c of nickel) demand is down while steel demand itself has been ok.
Might see a rebound across all steels, and stainless steel alongside it a bit,
as i posted on my blog here: http://tiny.cc/UoV7q

Yes, I hold a bit of RIO too. Discipline told me to sell a big chunk in the
40's, but still hold some, so hopefully the forecast I made on my blog will pan
out a bit for me to get out: http://tiny.cc/UoV7q

Still, I have a note to get out of RIO by end of 2008 because new nickel mines
are coming online in 2009, which will increase nickel supply and lower nickel
prices further. This is a position on it's way out of my portfolio.

hope this helps.
~Jeffrey