Monday, 14 May 2007

May you live in interesting times

Interesting times for us at the moment. Lots of rumour and analyst suggestions (they're gambling that we may be bought by another large mining company, BHP Billiton, or even by private equity) over the past week have led to a lots of movement in our share price.

Most interesting was the blog coverage. Financial and investment blogs seem to be breeding like rabbits, but many of them simply cut and paste the stories they read elsewhere (or RSS feed them... ) , unfortunately often without thinking how accurate the source story might be.
From Technorati - posts that contain "Rio Tinto" per day for the last 30 days...
Technorati Chart

Popular amongst the "cut and pasters" seems to be press releases from Reuters and Bloomberg. Understandable, as they are probably bit better thought through than many others, but I can't really see the point. I don't see the blogger adding any value, and there is no personal opinion or voice to the stories.

No comments: