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BHP - BHP Group

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reece55 said:
Wow Hector/Wayne

I had always thought about conducting this analysis - whether or not the relationship is coincidental, the strong correlation is fairly easy to see on the eyes. Great charts guys......
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Check out this correlation... BHP & Gold

;)
 

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I imagine Oil/BHP is tracking this too.......

Perhaps a summary of all the commods BHP digs up is tracking it's sp. :cautious:

Perhaps BHP needs to start digging up more Zinc and Uranium to sort out their sp.
 
kennas what do you expect BHP to start at tommorow?

Will the momentum from friday and thursday continue?

I will be shattered if 3% is wiped off after all the hard work.

My average price is $25.32 and its my major stock at the moment, so if it goes above $26 I may put in a trailing stop loss and try and get a lower entry price.
 
Ken said:
kennas what do you expect BHP to start at tommorow?
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Spitrader would be better at giving you that, but without seeing the ADRs I'd say up, due to general market sentiment, XJO, POO, and general commods steady. It's an OK hold until it breaks below $24.00 IMO. Then it's a go short option, perhaps. As always, predicting these things is fraught with danger. There's still 12 hours of world events to take effect on the market opening....
 
Ken said:
kennas what do you expect BHP to start at tommorow?

Will the momentum from friday and thursday continue?

I will be shattered if 3% is wiped off after all the hard work.

My average price is $25.32 and its my major stock at the moment, so if it goes above $26 I may put in a trailing stop loss and try and get a lower entry price.
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circa 25.35
 
steven1234 said:
I would disregard the claim. BHP has in place releases and indemnities which it signed upon its withdrawl. The story is lacking all the important facts.... May cost a little in legal fees but if the indemnity stands BHP will have no liability to face.

Here's a news release from 2002 - http://www.bhpbilliton.com/bb/inves...pmentFundForBenefitOfPapuaNewGuineaPeople.jsp
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The indemnity is what is being challenged as far as I'm aware.

http://www.abc.net.au/pm/content/2007/s1830288.htm
 
Spitrader ,do you know were to get the equivalent prices in $US and pound sterling for the estimate prices of bhp every day.
Would be a great help
thanks
Rico
 
Yup, BHP up 2.4% in London overnight. Chinese copper imports rose 11% in December according to data released overnight. This is the largest rise in imports since October 2005.
 
Looked back at past few months and noticed that on options expiry days sp is higher than the preceeding day and the following day. So expecting tomorrow could be higher again, and hoping like hell that Monday it dumps because my short position is pretty shaky at present!

Any thoughts anyone?

hector
 
hector said:
Looked back at past few months and noticed that on options expiry days sp is higher than the preceeding day and the following day. So expecting tomorrow could be higher again, and hoping like hell that Monday it dumps because my short position is pretty shaky at present!

Any thoughts anyone?

hector
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plenty

today was options expiry

the market is closed friday
 
Hills up another 2.4% in London at the moment.

When do the chartists cover the shorts?

$26?

$28?

and when do they go long?
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Apparently Chinese YOY copper imports in December grew by more than any month in the last two years.

Fancy that - an economy growing at 10% that is expanding its copper purchases.

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When does the money flow from Australia's excessively expensive industrials to the cheap miners?

Soon methinks.


Looks like the bearish analysts who downgraded and put $26.50 price targets on BHP based on short term momentum are going to have to eat a **** sandwich and wheel out the upgrades.
 
BSD said:
When does the money flow from Australia's excessively expensive industrials to the cheap miners?

Soon methinks.


Looks like the bearish analysts who downgraded and put $26.50 price targets on BHP based on short term momentum are going to have to eat a **** sandwich and wheel out the upgrades.
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Would be more convincing if the SP hadn't been artificially bolstered.
 
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