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BHP - BHP Group

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Pretty simple chart really showing that the bourse decline and rallies go hand in hand with BHPs. So I may venture that when the stock market recovers so will BHP IMHO ;)

SkyQuake the two months I was referring too are the past two. Thats what I call a tank and as to the future I'm not predicting anything, just gonna wait and see. Cheers
 
nick2fish said:
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Pretty simple chart really showing that the bourse decline and rallies go hand in hand with BHPs. So I may venture that when the stock market recovers so will BHP IMHO ;)
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lol, as BHP holds such a huge weighting of the market cap index and signals the strength of most of the commodity sector in Australia due to it's diversity, this would naturally be the case unless the banking sector and commodities diverge, but they are both intertwined by the recession at the moment.
 
Ftse for BHP up 5.5%. Anyone know why it rose so much on FTSE?
BHP on US index was down about 0.89%?

So whos willing to point out where they think it will open on Monday,
 
coolacoola said:
Ftse for BHP up 5.5%. Anyone know why it rose so much on FTSE?
BHP on US index was down about 0.89%?

So whos willing to point out where they think it will open on Monday,
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Given the large decline of the Austrailan dollar overnight, it should open up substantially higher on Monday given that BHP rose/was steady on overseas markets.

In theory anyway......
 
Hey MR T

I saw someone calculate it as

CLose of US price is 31.06 U.S. dollars = 50.1129397 Australian dollars

Then they divided this by 2, which gives 25.05

This sound right??
Thanks
 
coolacoola said:
Hey MR T

I saw someone calculate it as

CLose of US price is 31.06 U.S. dollars = 50.1129397 Australian dollars

Then they divided this by 2, which gives 25.05

This sound right??
Thanks
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Didn't realise it works like that (ie one of their shares = 2 of ours), but the calculations sound about what I would have expected it to open at.
 
SPI futures is only 37 points lower, its very weird how the all ords is working at the moment,i do notice though that rallies sometimes occur on monday, hope BHP matches what it did on the FTSE
 
Yah, I have it as $25.40 converted from ADRs

However, copper is down significantly which may limit any rally on monday, Unless shang hai copper can stage a turnaround.

SPI closed down 37 @ 3835 which is still a fair bit lower than the XJO at 3869, fair value is around 3900.
 
The teacher wouldn't let students BHPB and Rio Tinto do "news" in the main classroom at the Iron and Steel Conference in Qingdao last week.
He said that they had been charging other students too much to buy marbles last year, and needed to learn a lesson about not trying to get all of other students' lunch money.
 
kennas said:
While the S&R of just about any code on the ASX has been well unsupported recently, $25 might hold, then $20 ....

Maybe...:eek:
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Bounced off $25 ish nicely.

Maybe we have a decent bear bounce in the making.

RIO issue still a golliwog in the kindling.
 

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bhp made some good ground in the last week, closing at 29.9 today.

while long term it seems like a safe and good buy at this price, I just want to know your thoughts medium term, is this rally we've seen in the last week going to last? are there any suggestions or indicators to show that it has peaked in this rally and it will go back down to the 24 it was at in the last few weeks?
 
my03 said:
bhp made some good ground in the last week, closing at 29.9 today.

while long term it seems like a safe and good buy at this price, I just want to know your thoughts medium term, is this rally we've seen in the last week going to last? are there any suggestions or indicators to show that it has peaked in this rally and it will go back down to the 24 it was at in the last few weeks?
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Well that bounce in the last 10 minutes of trading was extraordinary, gained about 2.5% in that time alone, with some seriously big buy orders going in.

I believe it needs to break the $30 resistance and manage a close above that level to enforce it as support, but it depends on how long this general market rally lasts and if it can continue on. Of course, it also depends on the metal prices, oil and the US markets and how they react to the elections.

I hold BHP shares so I'm hoping for it to go up, picked them up at $25 after the $24 support held mid-October, looks to have a fair bit of momentum behind it now so not going to rush to sell.
 
my03 said:
bhp made some good ground in the last week, closing at 29.9 today.

while long term it seems like a safe and good buy at this price, I just want to know your thoughts medium term, is this rally we've seen in the last week going to last? are there any suggestions or indicators to show that it has peaked in this rally and it will go back down to the 24 it was at in the last few weeks?
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Been in and out several times since going sub 25 last couple of weeks. My latest purchase was for 1500 units on Friday @ an average 27.55. Was ready to sell 750 on close today then decided to sell the lot when I saw the indicative price jump to 29.90 last few seconds, luckily my order was accepted in time. Have a feeling the market will pull back tomorrow and that BHP will struggle to break or hold 30 for now, so hopefully will allow me to reenter around 28ish. My only regret is I didn't create a separate sell order for the other 750 which would have saved me $7 in brokerage...grrrrrrr...almost enough for two happy meals for the kids! Was typing so fast I didn't have time to think!
 
Just asking for opinion. Any chances that BHP will drop back to 24-25 ish? Material prices seem going up trend again so not sure if it will just go back to 4x mark or so.
 
My opinion....It can go back to $24-$25 in a flash. Commodity demand uncertainties coupled with ugly economic stats from the US are my reasons.
Be careful out there :)
 
i've been waiting for it to go back down to 24 since it hit 26 and now its at 31,

RIO has risen at almost the same rate too.
 
Today's close above $30 is bullish, and again closed at its day high, I just moved my stop to just under $30 (up from $27.50).

FWIW, in the past 2 years, every time BHP closed above $30, it has risen higher and moved back into the $35-40 range.

But I still have a stop set just in case :)
 
M34N said:
Today's close above $30 is bullish, and again closed at its day high, I just moved my stop to just under $30 (up from $27.50).

FWIW, in the past 2 years, every time BHP closed above $30, it has risen higher and moved back into the $35-40 range.

But I still have a stop set just in case :)
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A wise move given the DOW close this morning!! I reckon the fact that BHP has moved up after a +$30 close over th past two years is old news and not worth considering in the new age.:(
 
mfp said:
Been in and out several times since going sub 25 last couple of weeks. My latest purchase was for 1500 units on Friday @ an average 27.55. Was ready to sell 750 on close today then decided to sell the lot when I saw the indicative price jump to 29.90 last few seconds, luckily my order was accepted in time. Have a feeling the market will pull back tomorrow and that BHP will struggle to break or hold 30 for now, so hopefully will allow me to reenter around 28ish. My only regret is I didn't create a separate sell order for the other 750 which would have saved me $7 in brokerage...grrrrrrr...almost enough for two happy meals for the kids! Was typing so fast I didn't have time to think!
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Re-entered 28.94 average on Melb Cup day and sold 30.75 average yesterday, re-entered today 29.08. :)
 
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