Australian (ASX) Stock Market Forum

BHP - BHP Group

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I looked at the BHP big Picture and there apears that 2007 top was the Cycle wave III, since then the stock is moving in "threes" making a sugestion that a biger size Cycle Triangle as Wave IV is unfolding.
We are right now in a Primary wave C(circled) which should consists of 3 waves. As wave (A) and probably (B) is behind us, the upcoming colapse should carry price to 25-30 area in a coming multimonth decline. Then Primary Wave D(circled) advance should return to 60 or so.

So basicaly the whole sector is doomed if this giant is going to decline right now on a weekly scale.Buying Opportunity could be next year,
I'll monitor closely this stock as the ASX also has some kind if correlation when you compare both charts and with ASX in an Ending Diagonal this scenario seems highly probable for both.


BHP CH.jpg
 
Im no technical guru, but BHP has not bounced off its 12mths of support around the $35 mark, and fallen below its 12mth low.

I only had a look because a friend of mine bought in a couple days ago thinking it would be supported and bounce back up again.

I don't hold or intend to purchase. I just like to look and learn and do so best by writing down.


pinkboy
 
TheUnknown said:
LOL @ BHP and LOL @ BHP investors.

Enjoy $20 bucks.

Chasing pathetic dividends while capital is raped...sounds good.
Click to expand...

Surely you have something more constructive to add to the discussion than this pointless and provocative remark?
 
BHP under $30, dividend getting close to 5% fully franked.

I know iron ore may go down to $10/ton.
But then there wouldn't be any iron ore miners.

Oil may go down to $20/ barrel, but we will run out of cheap oil.

Possible accumulation stock.IMO
 
Will we see $15 for BHP? My other post must have got a few holders 'upset' so i got a warning by the 'site owner' can't discuss negativity of this stock.

Long as dividends are paid doesn't matter about the capital invested.
 
TheUnknown said:
Will we see $15 for BHP? My other post must have got a few holders 'upset' so i got a warning by the 'site owner' can't discuss negativity of this stock.

Long as dividends are paid doesn't matter about the capital invested.
Click to expand...

offcourse you can discuss negativity, But all you did before was make a stupid comment. you didn't discuss anything.

No one would have a problem is you actually brought up a topic for discussion, of presented some facts.

But, making a stupid comment as you did,doesn't add anything of value to the thread, and it just makes you look silly.
 
Value Collector said:
offcourse you can discuss negativity, But all you did before was make a stupid comment. you didn't discuss anything.

No one would have a problem is you actually brought up a topic for discussion, of presented some facts.

But, making a stupid comment as you did,doesn't add anything of value to the thread, and it just makes you look silly.
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The facts are china don't need it because it has slowed down, aus economy has slowed down despite what the BS figures are published, this was my reason and is still my reason why i think BHP will tumble even more.

Mining stocks are a gamble at the highest level once prices tumble they seem to take a very long time to recover if they do recover.

Look at RIO the same thing will happen with BHP $15-$20 bucks at tops.

Edit - I remember many guru's many experts and general share holders saying '' iron or will never drop below $80 are you crazy! '' BHP has investments in OIL.......and Iorn Or....
 
TheUnknown said:
Will we see $15 for BHP? My other post must have got a few holders 'upset' so i got a warning by the 'site owner' can't discuss negativity of this stock.

Long as dividends are paid doesn't matter about the capital invested.
Click to expand...

For the record, I've not complained to anyone but feel I need to comment.

I'm not sure about "upsetting" anyone per se but as Joe Blow says...

Joe Blow said:
Surely you have something more constructive to add to the discussion than this pointless and provocative remark?
Click to expand...

...and I agree that you've contributed nothing constructive.

Fair enough that you don't see anything positive with the stock so instead of lol-ing at BHP and its stock holders, why not offer up some logic or reasoning behind your aspersions?

Of course the stock is taking a tumble with the low iron and oil prices, China et al and is not the only stock being hammered of late, but surely a day trader would view the stock slightly differently to a trader with a longer term view.

Maybe you don't like the fact that South32 is being spun out but we wouldn't know because you've posted in such a way that can only be seen as shyte stirring at worst and frivolous at best.

I fully support that Joe nurtures healthy discussion and not kiddie flame contests. To that end, please enlighten us as to why you think BHP is a laughing stock.
 
Craton said:
For the record, I've not complained to anyone but feel I need to comment.

I'm not sure about "upsetting" anyone per se but as Joe Blow says...



...and I agree that you've contributed nothing constructive.

Fair enough that you don't see anything positive with the stock so instead of lol-ing at BHP and its stock holders, why not offer up some logic or reasoning behind your aspersions?

Of course the stock is taking a tumble with the low iron and oil prices, China et al and is not the only stock being hammered of late, but surely a day trader would view the stock slightly differently to a trader with a longer term view.

Maybe you don't like the fact that South32 is being spun out but we wouldn't know because you've posted in such a way that can only be seen as shyte stirring at worst and frivolous at best.

I fully support that Joe nurtures healthy discussion and not kiddie flame contests. To that end, please enlighten us as to why you think BHP is a laughing stock.
Click to expand...

Okay
 
TheUnknown said:
LOL @ BHP and LOL @ BHP investors.

Enjoy $20 bucks.

Chasing pathetic dividends while capital is raped...sounds good.
Click to expand...

TheUnknown said:
Will we see $15 for BHP? My other post must have got a few holders 'upset' so i got a warning by the 'site owner' can't discuss negativity of this stock.

Long as dividends are paid doesn't matter about the capital invested.
Click to expand...

So the best you can offer is laughing at and mocking investors who have sustained capital losses? The purpose of your post wasn't to discuss the negativity of BHP, it was to try and deliberately bait and provoke other ASF members, and you know this. You were trolling.

Discuss the stock all you want, but drop the baiting and deliberate provocation.
 
TheUnknown said:
I have shorted BHP from $31, i will leave the trade at $20 bucks or less.
Edit - I remember many guru's many experts and general share holders saying '' iron or will never drop below $80 are you crazy! '' BHP has investments in OIL.......and Iorn Or....
Click to expand...

Makes sense to me.
I hope it gets there for you.
And at least BHP holders may be a little relieved you aren't that confident about $15
31 to 27.45 is around 13%?
 
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