Australian (ASX) Stock Market Forum

BHP - BHP Group

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rederob said:
Looks like BHP will sit closer to $60 next year than $50 at the present rate.
Only iron ore and oil are likely to drag out the painful ascent for those who keep trying to short it!
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I wouldn't put the other base metals (Copper/Nickel etc) out of the game to make record highs just yet!

With Christmas around the corner and signs that the Fed will ease rates even more the US consumer should be on a purchasing spree.
 
Jimminy said:
Those assumptions are just that.

Most analysts had sell targets of $32.00 less than 9 months ago.
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I agree totally, however the SP was lagging the price targets and it was rated a buy 9 times out of ten. Brokers then upgraded price targets with high sustained commodity prices and revised earning forecasts, so yes it is an assumption, however a calculated one. For me having a win means picking an earnings upgrade before the brokers publish it.

Cheers


BT
 
Bush Trader said:
www.fnarena.com


Cheers


BT

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I will repost the attachment of the Broker sentiment info. When viewing in word go to "View" and then Click on "web layout" to see the document properly.


Cheers


BT
 

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Has everyone been selling out? It's gone quite on this thread.

Read the annual report last night and the incoming project stream can only be described as impressive.
 
Hi All,

This week BHP has been pretty bad but i still have confident that BHP will rise sky-high in near future.

What do you guys think ?

Thanks
 
I think it'll drop a bit more and then consolidate for a while, its had an unstoppable run from $24.

But yeah I can see it (and Rio) going much further with the whole commodities story, but maybe not as strongly thanks to the US dollar pretty much doomed now - every cent increase really squeezes the profits, I think they said $60 million per cent? Jesus thats a little over 1/2 billion per 5 cents.

But I can see on charts commodity prices consolidating for a while now and I think they'll follow gold into uncharted territories by next year.

I'm still accumulating Rio as it drops and shorting BHP as a hedge.
 
vishalt said:
But yeah I can see it (and Rio) going much further with the whole commodities story, but maybe not as strongly thanks to the US dollar pretty much doomed now - every cent increase really squeezes the profits, I think they said $60 million per cent? Jesus thats a little over 1/2 billion per 5 cents.
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Lets see:
$60m x 5 = $300m

So that's actually a little over 1/2 billion per 10 cents.
Maybe Wayne needs to open up a "maths" thread?
 
yes maybe wayne does, then maybe we can get elves and fairies to teach us the magic of mathematics with magical wands and maybe we can also count the amount of times people have been wrong in calling a short on BHP and how much money they've lost?

not naming names
 
:p, we will see in the time to come. Its slowly climbing back up now in the last 2 days but still have to wait and see.
 
I am going to hold my BHP shares for another 1-2 years, just top up abit around 45 and bit more around high 43 low 44
 
vishalt said:
maybe we can also count the amount of times people have been wrong in calling a short on BHP and how much money they've lost?

not naming names
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My post here mentioned in the chart that there was limited upside beyond $46 for the intermediate term (not long term). I sold out of my BHP holdings at the 45.7-46.5 and have not looked back since. Frankly, the stock has gone nowhere since the start of October, and has in fact fallen below 46 more than it has risen above 46.

The 'herd' turns out to be wrong as usual. Don't worry, I didn't lose money. :D

First Fib support appears to be the 41.3-41.8 region, so I guess that will probably be the downside target IF $43 support is cracked. Considering 43 held today, the stock will probably bounce within a range for the coming few days.

I'm LT still bullish on BHP, so I've got my buy orders lined up.
 

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hacheln_mice said:
First Fib support appears to be the 41.3-41.8 region, so I guess that will probably be the downside target IF $43 support is cracked. Considering 43 held today, the stock will probably bounce within a range for the coming few days.

I'm LT still bullish on BHP, so I've got my buy orders lined up.
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Hi h_m,

I believe your summation to be correct and there is money to be made if range trading suits you. I'm having a shot at it and it's a bit 2 steps forward and 1 step back, but OK on balance. And I reckon BHP is likely to break through upwards rather than downwards. We'll just have to see what the rest of the world thinks.

Happy trading,

hector
 
hector said:
Hi h_m,

I believe your summation to be correct and there is money to be made if range trading suits you. I'm having a shot at it and it's a bit 2 steps forward and 1 step back, but OK on balance. And I reckon BHP is likely to break through upwards rather than downwards. We'll just have to see what the rest of the world thinks.

Happy trading,

hector
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And how much of the world has purchased it on margin?.........................................................................................

Cheers

BT
 
Bush Trader said:
And how much of the world has purchased it on margin?.........................................................................................

Cheers

BT
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Ha! That includes me BT, so BHP better go up tomorrow or I will be walking around barefoot with my pockets turned out.

Cheers
 
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