BHP - BHP Group
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Looks pretty good chopbots. I think leaping back up over $24 was pretty important. I wasn't going anywhere near it till that happened.
So, now that it has jumped above $28 (TWO DAYS LATER) is it now too late to get in - ie is that likely to be the extent of the bounce?
Sean K
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No, but tight stops are the name of this game.
Between 30 and 34 looks like a pause, with 34 the great wall of china.
Don't trust anything in this environment.
Conserve capital or have buffett pockets...
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BHP may now have in mind mopping up all these small iron ore outfits who are forced to dump it at any price. They may also want to gobble up small coal producers or those near to producing.
A chance to vote for AUSSIE STOCK FORUMS at compare shares with only 9 days to go
http://www.thebull.com.au/the_stockies/forums.html
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Sage advice. Thank you. I was feeling a bit bummed about missing out on such an impressive bounce and I'm getting itchy fingers. But hey, I don't want to get burnt by following the herd after the gate has shut, so to speak. I guess the thing to do is avoid buying the highs and selling the lows I guess.
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Re: BHP - HP Billiton
neighbor iron ore juniors for sure , but just wondering if BHP would be looking at also expansion to their oil exposure. Diversification seems to be BHPs strength atm. Or maybe a farmin to a couple of exploration elephant grounds (Senegal,Far/Hunt, Offshore Nigeria, ORG/ PLC, NOD/OEL)
Just some thoughts, and we will know in due course Cheers
neighbor iron ore juniors for sure , but just wondering if BHP would be looking at also expansion to their oil exposure. Diversification seems to be BHPs strength atm. Or maybe a farmin to a couple of exploration elephant grounds (Senegal,Far/Hunt, Offshore Nigeria, ORG/ PLC, NOD/OEL)
Just some thoughts, and we will know in due course Cheers
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Why would BHP buy more iron ore via acquisition?
They have an (esentially) infinite resource already that is only constrained by infrastructure and demand.
Energy and copper on the other hand...
Although - a chunky buy-back would be a good start
They have an (esentially) infinite resource already that is only constrained by infrastructure and demand.
Energy and copper on the other hand...
Although - a chunky buy-back would be a good start
some advice please.
I bought 20k at 22 and didn't think it would bounce so fast and didn't leverage up. I would like to invest another 20k so should I wait for a retrace or should I just do it. Another option would be to sell and buy back later but I'M long term and that's not appealing. Any thoughts anyone?
I bought 20k at 22 and didn't think it would bounce so fast and didn't leverage up. I would like to invest another 20k so should I wait for a retrace or should I just do it. Another option would be to sell and buy back later but I'M long term and that's not appealing. Any thoughts anyone?
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Hi Zorro13
How are you ?
WIthout upsetting you I think in this forum no one is allowed to provide advise.
So please use DYOR.
THanks
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Hi Zorro
What to do with a $9k approx. profit in a week isn't a bad predicament
Miner is right do your own research
Your in a good position to protect your capital you'll work it out
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Re: BHP - HP Billiton
Have you voted in the compareshares competition for best forum yet http://www.thebull.com.au/the_stockies/forums.html
Fair enough, though the added complication of strength of currencies comes into play here. I'm not sure at all as to which currencies BHP hold their cash in, however profits should come in better quoted in Aussie$'s.
Have you voted in the compareshares competition for best forum yet http://www.thebull.com.au/the_stockies/forums.html
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Went empty on BHP despite being the worlds strongest miner. I remember reading a book on bear markets that showed certain sectors and market cap stocks bounce about 50% after massive falls. Well, that has happened and the bells are ringing.
In hindsight, it was a great call. Test and respect of 20 again for a W formation and I'm in long myself.
Well if you were so sure of that you could alway have bought back in easily at around 7-9% lower today and ridden that stability/bounce your predicting tomorrow!
Trading is easy in hindsight..
What hindsight, It was a prediction that came true but still happy i got out and it may go side ways but definitely down in next few weeks.