Australian (ASX) Stock Market Forum

BHP - BHP Group

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BSD said:
Others would say you make money buying well.

Those who bought around $10 at the start of the boom and have ignored all the negative signals (noise) since have now generated a 400% return on funds.

Beats sweating 2% swings in my view
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Why I stated, it will define how a trader does over the long-term.

Buying is easy, managing the trade is the hard part.

The part about buying at $10 is correct, but I think the price swings were a bit more than 'noise', not sure on your definition. However, this arguement is overcooked and I don't wish to go there, do a search if you feel the need to debate F/A v T/A. I personally beleive in both if used correctly.

I thought it was pretty easy to catch the trend on this one from $40-$50 (around), a 25% move in a matter of weeks, with little downside risk.
 
MRC & Co said:
Why I stated, it will define how a trader does over the long-term.

Buying is easy, managing the trade is the hard part.

The part about buying at $10 is correct, but I think the price swings were a bit more than 'noise', not sure on your definition. However, this arguement is overcooked and I don't wish to go there, do a search if you feel the need to debate F/A v T/A. I personally beleive in both if used correctly.

I thought it was pretty easy to catch the trend on this one from $40-$50 (around), a 25% move in a matter of weeks, with little downside risk.
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From a technical point of view the only concern I have about BHP is the divergence between price rise and volume as illustrated by the attached monthly chart.

Admittedly the price has more than doubled , the volume has however dropped off dramatically.

A good volume in may may be as good an indicator as any that BHP is set to go way beyond $50. If there continues to be little volume then a retracement is inevitable.

gg
 

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Garpal Gumnut said:
From a technical point of view the only concern I have about BHP is the divergence between price rise and volume as illustrated by the attached monthly chart.

Admittedly the price has more than doubled , the volume has however dropped off dramatically.

A good volume in may may be as good an indicator as any that BHP is set to go way beyond $50. If there continues to be little volume then a retracement is inevitable.

gg
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Watching doubling in price on a semilog scale where each doubling in price is an equal distance on the y axis from the next is an interesting exercise.

Whenever I think of selling all my BHP or RIO I pop this old chart up, previously posted but updated. Its a monthly of BHP and RIO

The next target for BHP would be 70 and if RIO survives t/o and /or the Chinese 140.

gg
 

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Sorry that should be target of 70 for BHP and 280 for RIO

Not very good on figures , like to see it on a chart !!!

gg
 
Garpal Gumnut said:
From a technical point of view the only concern I have about BHP is the divergence between price rise and volume as illustrated by the attached monthly chart.

Admittedly the price has more than doubled , the volume has however dropped off dramatically.

A good volume in may may be as good an indicator as any that BHP is set to go way beyond $50. If there continues to be little volume then a retracement is inevitable.

gg
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Yes, this was my big problem with BHP also.

ShareIt and myself discussed this on p81.

Cheers
 
MRC & Co said:
Yes, this was my big problem with BHP also.

ShareIt and myself discussed this on p81.

Cheers
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Thanks for the link to that page. I agree with your sentiments on BHP, it would be good to see the vol increase next week.

gg
 
im confused with bhp as per usual

the company announces a few new projects yet the share price goes down...quite considerably...

5-6% this week alone

can anyone explain this or is this just a typical bhp consolidation as has been seen before in the event of sharp rises

cheers in advance, bergers_n_fries
 
bergers_n_fries said:
im confused with bhp as per usual

the company announces a few new projects yet the share price goes down...quite considerably...

5-6% this week alone

can anyone explain this or is this just a typical bhp consolidation as has been seen before in the event of sharp rises

cheers in advance, bergers_n_fries
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European stock market includin LON:BLT, sort of 'mini-crashed' last night. It is the fallout of that we are seeing today.

Plus BHP will consolidate around 45-47, before starting its journey above $50.
With Iron ore and oil jumping like crazy I don't see any stopping for bhp in the short-medium-long run ( they are 49th oil producer in the world...)

I was thinking of buying some more BHP today, but the funds will take some time to get transferred to my broker account.


P.S Plus it bounced off hard and fast today. from 46.5 :)
I hold BHP.
 
Nice correction this week on BHP.... Should get a decent bounce up past the $50 mark within the next few weeks :2twocents:D
 
is there a good website i can go on to find the biliton price from the london markets???

i want to follow the sp a little more and begin trading the stock more frequently as my judgement decides

cheers in advance
 
bergers_n_fries said:
is there a good website i can go on to find the biliton price from the london markets???

i want to follow the sp a little more and begin trading the stock more frequently as my judgement decides

cheers in advance
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www.bloomberg.com, then in the "Enter Symbol" box type: "BLT:LN" and hit enter.

BHP P/E 20 now jeebus D:, but more than justified as it's ripping out cash from its petrol and copper divisions
 
bergers_n_fries said:
is there a good website i can go on to find the biliton price from the london markets???

i want to follow the sp a little more and begin trading the stock more frequently as my judgement decides

cheers in advance
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I use this link to the FTSE 100 on Yahoo. If you click on "next" you come to a page with RIO on it. I believe it is 15min delayed.

http://uk.finance.yahoo.com/q/cp?s=^FTSE

gg
 
bergers_n_fries said:
is there a good website i can go on to find the biliton price from the london markets???

i want to follow the sp a little more and begin trading the stock more frequently as my judgement decides

cheers in advance
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You can go directly to the London stock exchange-www.londonstockexchange.com.Prices are 15 minutes delayed.Type in bhp on the price link on the left hand side.
 
little confused once more...a loss of 3.3% today alone...is this part of the consolidation or something more sinister???

i noticed today it announced another project with a company in the pilbara region...

so it goes down???
 
can someone please fill in why this stock has fallen 10% over the last week and ahalf? will it bounce back in the coming week?:banghead:
I thought it would fly past the $50 barrier!
 
jim ray said:
can someone please fill in why this stock has fallen 10% over the last week and ahalf? will it bounce back in the coming week?:banghead:
I thought it would fly past the $50 barrier!
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BHP has had a stella run and was due for a pull back......probably will go past $50 sometime soon but latest action is all healthy in my opinion.

I jumped off at $42 after buying at $34 and never thought it would have run like it did.

Bergers........BHP hardly ever moves up on ann of new projects, this is a massive Co and these projects are usually small in comparison to other factors such as metals prices and what the Co has done in London & US overnight.

Cheers

MB
 
jim ray said:
can someone please fill in why this stock has fallen 10% over the last week and ahalf? will it bounce back in the coming week?:banghead:
I thought it would fly past the $50 barrier!
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Bhp is not immune nor are any shares from market weakness. The whole market has pulled back in the last week. Typically there is a run-up each May with a bit of a sell off in June. The run-up usually corresponds with some of the larger shares announcing profit results. The sell off is usually caused by investors and to a greater extent managed funds either dumping some crap to offset against their gains or in the case of a weak market some managed funds actually sell shares with a large internal capital gain which they have been saving for a rainy day to prop up their investment return for the financial period. Becasue many managed funds practice this method they all sell at the same time causing downward pressure on the share price.
 
Anyone has idea why BHP dropped nearly $1.00 at the auction time today?? who were selling them? any thing that we dont know??????
 
I think someone needs to offload shares during the month of may, some adjustment going on between funds.

If any sinister thing is done it will appear on LON:BLT, which is not that bad, with some luck we will have a green day for bhp on monday. Any severe dip generally grant an upday.
 
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