BHP - BHP Group

[Sean K]

$32 grimmly holding on, but looks untidy.

$34 proving too hard.

Still in potential breakup position, but the shorts will probably have their day here unless there's some really positive news for BHP or market moves to catapault them through this Great Wall of China at 32-34.

 

[nunthewiser]

just checkin in to see how its all going........... sure doesent want to make a clean break north this lil darlin ....... any chartists got any views on it now ?

blessem

 

[Boggo]

just checkin in to see how its all going........... sure doesent want to make a clean break north this lil darlin ....... any chartists got any views on it now ?

blessem

I definitely would not class myself as a chartist but I did have a look at BHP this arvo and drew this up to print and stick on my cork board.

Its stating the obvious regarding the two levels I think, where it will go ????

Thats my worth.

(click to expand)

 

[nunthewiser]

The bishop has filled the collection plate for now and reckons you longies can have a go for a couple of days instead

he would like to thank you for all opinions and chart help and will be waiting to jump back on at any given moment

he thinks a small bounce due b4 continuing south so he will catch it agin when he see,s fit

amen

 

[M34N]

The bishop has filled the collection plate for now and reckons you longies can have a go for a couple of days instead

he would like to thank you for all opinions and chart help and will be waiting to jump back on at any given moment

he thinks a small bounce due b4 continuing south so he will catch it agin when he see,s fit

amen

Agree, bounced off $30.00 support twice now, think it will shoot higher tomorrow so went long on a little just to get a few $$

Think it can go as high at $32.00 before next drop? nice 7-8% range from there if so

 

[nunthewiser]

mmmmm ok .just thought i,d see how it was all going ....... the bishop sends his regards and wonders how chartists view the current prices ........ we heading for 24ish next ? or we at another bounce area ?

sure has been a bewty so far tho

 

[rustyheela]

went X div few days ago, would think it would probably drift through lack of interest next few weeks / month. consolidate perhaps? still making higher highs and higher lows, maybe a positive sign of gettin up a head of steam? would need to break $ 33.85 on good volume to arouse interest from punters i would suspect. trend is ya friend!!

 

[gfresh]

Sitting right on the bottom of the channel formed since mid-October.. If it breaks down, it shall be decisive, and could well be decisive on our index as a whole towards 2800 or so.

MACD seems to tipping downward and losing strength, and MMA showing some bearish signs. If I'd have to guess anything, I'd say going down short-term.

London BLT is showing down -1.65% at present.

 

[Garpal Gumnut]

Sitting right on the bottom of the channel formed since mid-October.. If it breaks down, it shall be decisive, and could well be decisive on our index as a whole towards 2800 or so.

MACD seems to tipping downward and losing strength, and MMA showing some bearish signs. If I'd have to guess anything, I'd say going down short-term.

London BLT is showing down -1.65% at present.

Agree and thanks, I'll wait for it to go down, then trade up, a long trade on RIO recently saved my portfolios bacon.

Aint life tough.

gg

 

[noirua]

Having fallen today to $27.68, BHP seem to have moved down to a price range of $25 - $30. With a yield of 4% that should easily be covered, they look firm enough with interest rates tumbling.
I doubt BHP will make a dip for RIO with Chinalco paying over the odds. Should be an opportunity to pick some bits off though.

 

[MaverickTrader]

Do you think BHP is a good buy for a 1st timer? I'm think of scratching up a little money and getting into the sharemarket and am thinking BHP and RIO Tinto

And advice will be appreciated.

 

[rustyheela]

huge well diversified company, massive cashflow & cashed up is trading in a range from around $ 26 - 32 bucks in last six months. u could average in?

oil and copper are usually first 2 commodities to turn and they have enough of the stuff

 

[nunthewiser]

Union wants all BHP sites in WA closed after mine deaths

19th March 2009, 14:45 WST



The Australian Worker’s Union want BHP Billiton’s total WA operations closed down and an independent audit conducted following the death of a worker at a Pilbara mine site overnight.

A 45-year-old NSW man died after falling 12 metres from machinery at a mining construction site near Newman this morning.

The accident occurred at a John Holland-run construction site, which is part of BHP Billiton’s iron ore Newman Hub site.

The workers at the Pilbara mine site where the scaffolder was killed are in a meeting this afternoon with union officials, as workers walk off the job at affiliated construction sites across WA.

AWU WA secretary Stephen Price said while this death did not involve a direct employee of BHP, it was too easy for the mining giant to distance itself and blame the contractor for the accident.

“We called for a shutdown and an independent audit back in September and again recently when a track maintenance worker was killed,” Mr Price said.

“The AWU has continually raised our concern about workers being too scared to speak up about safety issues, for fear of reprisal.

“BHP has lost touch with the working environment that their employees, and employees working for contractors on BHP’s behalf, have to accept as part of their employment conditions.

“It’s easy enough to have all the policies on the wall, but they are not worth the paper they are written on if that corporate approach to safety is not the same as the one of the shop floor.”

Construction, Forestry, Mining and Energy Union assistant secretary Joe McDonald said John Holland workers at two South-West and four metropolitan sites walked off the job today as a sign of respect for the killed worker.

The death is the second nationally for John Holland in twelve months and the fifth for BHP Billiton in the last nine months.

Mr McDonald said the situation for workers in the North-West was becoming “hellish” and he was furious union officials were not allowed onto the John Holland site.

“It’s getting to the stage where people go to the North-West in an aeroplane and come back in a coffin,” Mr McDonald said.

“Our phones have been running hot about the state of the job up there, if they’ve got nothing to hide they should open the door and let the unions on the job to investigate.

“All unions can get onto the Hub project but they can’t get on to the John Holland section of it because there’s no union agreement. They do this to keep the unions out.

“They’re more interested in making money than the people who work for them. Now we’ve had another death and I think it’s outrageous and John Holland should be held accountable for what they’ve done.”

Mr McDonald said the CFMEU would be calling for a full investigation.

A police spokesman said the man was taken to Newman Hospital just after 3am and later died.

A spokeswoman for the Department of Mines and Petroleum said an investigation was now underway.

“We have inspectors on the way, they will be on site this morning to secure the site and undertake an investigation,” she said.

In a statement released this morning, John Holland said construction work at the site had been suspended.

“Our deepest sympathies are with the employee’s family and work colleagues at this time and support is being provided,” the statement said.

“John Holland has mobilised its incident response team and is co-operating with the relevant authorities.

“The safety of all involved is our top priority.

“Construction work has been suspended at the Newman Hub construction site.”

PERTH
JAYNE RICKARD

http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=131013

 

[Sean K]

Expanding triangley wedgey thing happening here. Don't these end in tears? Or, am I dreaming and all's good?

 

[Mr Capital]

End in tears for memory.

I'll Probably lock in some profits come days end & may re-enter just to see if it can push higher come Monday, i need to recoup some FMG losses

 

[Sean K]

End in tears for memory.

I wonder how important $34 is to this overall view. If we break through confidently, there should be less technical selling you'd assume. Well, I hope anyway...

 

[investedz]

Expanding triangley wedgey thing happening here. Don't these end in tears? Or, am I dreaming and all's good?

The AUD is bouncing back up. Right now its past USD 70c (from 68c earlier this week), and up 4.83 chinese yuan (from 4.60 last Wed).

At this rate it could mean less buying of ores from the Chinese, and could be a reason for a bear trend @ 35/36 to happen after the resistance line.

 

[shag]

well it was pretty obvious it would come back-the aus/yank dolla. even to me.

kennas i'd say thats a resounding pass thru 34, like its 34 and a couple of cents....thats pretty good with all u b.rstards shorting the thing and likely naked selling it.....
u're all probably spreading false rumors too....

i at least have faith the boat will sail along before it goes to davey jones's locker.

 

[outback]

I jumped ship, they reckon I can't go broke making a profit. We'll see I guess. .

 

[Sean K]

Tentative signs that it's going through.

Just a heads up.

I have no confidence until the $34 mark is blown away, or tested as support.

At that time, will add to my small investment.

Wish I was one of those taking a risk down at $20.

Arggghhhhh!!!!