Australian (ASX) Stock Market Forum

BHP - BHP Group

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nizar said:
I wonder how long you guys will give it before you decide its time to fold?
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Nizar, I guess you have spectacular return on ZFX, KZL and PDN etc. Congratulations!

My problem is I cannot put all my money on a couple of star stocks after the factor. I have to pick a basket of stocks, such as ZFX, KZL, PDN, and BHP to begin with. So some stocks make good money, some make less money, and some even lose a lot of money at any time-frame.

If I can pick up the top performance stock every day and each time, I will be richer than Bill Gates in no time.

I am a believe of the commodity boom super cycle theory. I am investing and I will invest in all kind of resource stocks at different stages.

But I admit BHP is a bit bearish, and too long.
 
mmmmining said:
Nizar, I guess you have spectacular return on ZFX, KZL and PDN etc. Congratulations!

My problem is I cannot put all my money on a couple of star stocks after the factor. I have to pick a basket of stocks, such as ZFX, KZL, PDN, and BHP to begin with. So some stocks make good money, some make less money, and some even lose a lot of money at any time-frame.

If I can pick up the top performance stock every day and each time, I will be richer than Bill Gates in no time.

I am a believe of the commodity boom super cycle theory. I am investing and I will invest in all kind of resource stocks at different stages.

But I admit BHP is a bit bearish, and too long.
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What is a star stock? I mean really STAR like what does it do?
 
It's Snake Pliskin said:
What is a star stock? I mean really STAR like what does it do?
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I think PDN would qualify as a star stock at least to me . What a stellar rise in 2 years and it keeps going up. My only regret is not having bought earlier and more. I got in at $2.45 a year ago
 
BHP in London is up 2.5% so far tonight. Strongest single day rise in a few weeks - which is probably the beginning of the next rise up to about $27-28. US markets are closed tonight so we'll most likely take the lead from the UK. BHP and RIO are due for a bit of a run IMO.
 
scsl said:
BHP in London is up 2.5% so far tonight. Strongest single day rise in a few weeks - which is probably the beginning of the next rise up to about $27-28. US markets are closed tonight so we'll most likely take the lead from the UK. BHP and RIO are due for a bit of a run IMO.
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They had the run yesterday, I think they will go down again today as the copper prices are heading south faster than first predicted, inventories heading north.

WBII
 
Warren Buffet II said:
They had the run yesterday, I think they will go down again today as the copper prices are heading south faster than first predicted, inventories heading north.

WBII
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WBii you need to learn a few basics about how the ASX works. Big traders trade the spread between BLT and BHP, and if BHP goes up in the UK/US you can almost guarantee (ex an announcement or any systemic factor) that thats what the trend will be on the asx. any miss-price of this and the insto traders/fundies are all over it. You should know that before BHP opens, i, and a heap of other investors, basiclly know where BHP will open within about 10 cents because of where it closed in the states, so saying things like the above discredits you. BHP currently up 1.1% @ 25.80
 
spitrader1 said:
WBii you need to learn a few basics about how the ASX works. Big traders trade the spread between BLT and BHP, and if BHP goes up in the UK/US you can almost guarantee (ex an announcement or any systemic factor) that thats what the trend will be on the asx. any miss-price of this and the insto traders/fundies are all over it. You should know that before BHP opens, i, and a heap of other investors, basiclly know where BHP will open within about 10 cents because of where it closed in the states, so saying things like the above discredits you. BHP currently up 1.1% @ 25.80
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Well, it is 25.60 now only 0.27% up, if that is what you call following the States and UK market well good on you mate. It is pretty easy to see the depth of the market before it opens but it does not mean that it will stay there.As you are trying to give me a lesson, I will give one, do not expect the Australian market to follow the US and UK market all the time ;)

WBII
 
Warren Buffet II said:
Well, it is 25.60 now only 0.27% up, if that is what you call following the States and UK market well good on you mate. It is pretty easy to see the depth of the market before it opens but it does not mean that it will stay there.As you are trying to give me a lesson, I will give one, do not expect the Australian market to follow the US and UK market all the time ;)

WBII
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did i say it will stay there?? I said thats where it would open. You were saying, before the market opened, what you thought would happen to BHP. I stated you cant say it will open down when it was up in the UK. It followed the UK and the states, it opened almost exactly in line (figuring in FX and spread calculations). I also think you didnt read the rest of my post (ex announcement and systemic risk). Systemic risk has come into play today where the market was up 20 odd points when BHP opened (in line with the UK) and now the market is only up 9 odd points and BHP has drifted accordingly. I was not talking about depth. I can tell you exacxtly where BHP will open, as stated within about 4-5 cents, without even looking at market depth. On to your next point, i never said the market follows the us and uk, i said BHP does, ex any announcement of systemic risk. The reversse is also true, if BHP trades up for any reason here, the UK will follow suit, there is too much money on the table in the spread trade for the stock to follow any other pattern and you are a fool to think otherwise.
 
spitrader1 said:
did i say it will stay there?? I said thats where it would open. You were saying, before the market opened, what you thought would happen to BHP. I stated you cant say it will open down when it was up in the UK. It followed the UK and the states, it opened almost exactly in line (figuring in FX and spread calculations). I also think you didnt read the rest of my post (ex announcement and systemic risk). Systemic risk has come into play today where the market was up 20 odd points when BHP opened (in line with the UK) and now the market is only up 9 odd points and BHP has drifted accordingly. I was not talking about depth. I can tell you exacxtly where BHP will open, as stated within about 4-5 cents, without even looking at market depth. On to your next point, i never said the market follows the us and uk, i said BHP does, ex any announcement of systemic risk. The reversse is also true, if BHP trades up for any reason here, the UK will follow suit, there is too much money on the table in the spread trade for the stock to follow any other pattern and you are a fool to think otherwise.
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This is my post for you again so you can read and read again and understand. It must be difficult for you sometimes.
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They had the run yesterday, I think they will go down again today as the copper prices are heading south faster than first predicted, inventories heading north.
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So I will explain to you, "I think they will go down again today", well that means during the day not at opening.

And you mentioned, systemic risk, I can see you have been reading your "Economy for Dummies" book lately, finish it first and then come back.

WBII
 
Warren Buffet II said:
This is my post for you again so you can read and read again and understand. It must be difficult for you sometimes.
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They had the run yesterday, I think they will go down again today as the copper prices are heading south faster than first predicted, inventories heading north.
******************

So I will explain to you, "I think they will go down again today", well that means during the day not at opening.

And you mentioned, systemic risk, I can see you have been reading your "Economy for Dummies" book lately, finish it first and then come back.

WBII
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I wasnt making this personal so i dont understand why you are. Dont try and get agressive, it doesnt suit you. Ask the last person who got agressive with me on this forum, and you will find out what happend to them. I was only trying to help educate you, to help you understand how the opening of BHP works compred to the overseas market because you had made a comment contrarian to this trend.
 
potato said:
what happened to the last person, im pretty bored i wouldnt mind reading about it....
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i dont want to go into it, too much of the topic of BHP, which is what i was trying to keep this post about.
 
Well all I can say is BHP is looking sick. Gone red again now - following the copper price I guess.

I bought in a few months ago at $25 when all the talk was about hitting $32 - $35 even $40 in 12 months. Well those values look a long way off right now and this stock isn't worth holding for dividends in my opinion.

I'm considering busting out as the money might be better used elsewhere....
 
potato said:
what happened to the last person, im pretty bored i wouldnt mind reading about it....
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Potato LOL

I am pretty sure he cyber-killed them :dead: What a joker :bananasmi , if you are bored I bet you can have some fun reading his post in other threads.

He is just a funny very smart :p: character.

:p:
 
Absolutely said:
Well all I can say is BHP is looking sick. Gone red again now - following the copper price I guess.

I bought in a few months ago at $25 when all the talk was about hitting $32 - $35 even $40 in 12 months. Well those values look a long way off right now and this stock isn't worth holding for dividends in my opinion.

I'm considering busting out as the money might be better used elsewhere....
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Hi Absolutely,

I have been thinking the same way for a couple of months now. I just had a look at the prices of copper for the last 6 months and 1 year and they are in a downtrend and inventories are the other way around.

I sold 50% my holding when it reached $28 last time and I do not see it going up very strong anytime soon.

It may turn its trend but no sure if that will happens in the next 3 months. You know RIO is experiencing the same behaviour is stack there as well.

Did they got out of flavour?

WBII
 
Warren Buffet II said:
Hi Absolutely,

I have been thinking the same way for a couple of months now. I just had a look at the prices of copper for the last 6 months and 1 year and they are in a downtrend and inventories are the other way around.

I sold 50% my holding when it reached $28 last time and I do not see it going up very strong anytime soon.

It may turn its trend but no sure if that will happens in the next 3 months. You know RIO is experiencing the same behaviour is stack there as well.

Did they got out of flavour?

WBII
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I think the market, has got BHP horribly wrong. The theory that "its run so far it cant keep going does not hold water. The same people who said that are still short the index at 5200. As don argus said (and you would think he would know a thing or two about banking systems), the china story has not even begun yet. Only when a proper banking system is implemented in china and the avg person in china is taught to consume, will we see the real power of china. BHP is seeing on average 80,000 new people a month wanting infastructure in china, and this will only grow.

The company’s project development and expansion plans exceed US$9.8B over a five-year period. The room for expansion, and caqpital used at its full ability is too large to ignore. People that are saying that BHP has seen its best days and is looking "sick" will be the people that are gagging and looking to buy the stock 30.00 plus. The easy money may be over, but the lower BHP goes, the more i back the truck up.
 
WBII and Spi, lets try and continue to keep it civil thanks. I certainly agree with Spi on the opening price of BHP, it's always in line with closes overseas pending any factors ann in between open/close, but picking a closing price in Australia is much more problematic. While copper may go down overnight (or any other commod), what happens when iron ore contacts are ann, or oil prices change during the day because of a hurricane developing in the Gulf, or Mid East instability? Day's not over yet anyway, so who knows.
 
over the past 6 months bhp has been bouncing up and down... correct....

that would that some people are making money.... correct?

How long this method of making money continues with bhp is anyones guess.

I still hold, as i see it as undervalued, and as my major stock that I margin lend against.

It is all going to happen in a hurry when it has its next run, and those not on may be paying the extra price that the majority of people think its worth.

We all knew it was going to be a little bit choppy. How you decide to handle the ups and downs now will determine the end result


dont tell me 30 years time BHP will be in the $30 mark....

those looking for a good cheap buck, buy yourself some anything with Uranium in its name...

BHP = long term stability in my eyes..
 
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