How much have you lost on shares in the last 3 days?

[Sean K]

But Realist, what if in the next few years the US economy stays solid and doesn't go into recession and thus Chindia continues to grow, possibly beyond expectations? BHP might go to $50 and RIO $125+. It might be good to take some profits along the way and develop and exit strategy but don't limit how much money you can make! Just limit what you can lose! Alternatively, what if the US does crash and Chindia melt down, commodities pull back, and BHP and RIO dive before getting to your price targets?

 

[The Mint Man]

who here thinks that this is yet another bounce that we will soon see wiped away?... again!
I think its wayyy too early to be getting cocky. had 3 weeks down 100b lost and a couple of days up.pfft.

 

[Realist]

But Realist, what if in the next few years the US economy stays solid and doesn't go into recession and thus Chindia continues to grow, possibly beyond expectations? BHP might go to $50 and RIO $125+.

BHP is already a $100 Billion dollar company. At $38 it would be a $133 Billion dollar company.

The bigger you are the slower you grow! It is like turning the Queen Mary, the bigger it is the slower it is.

At $50 a share it is valued at a $175 Billion Dollar company.

I do not believe it can be worth another $75 Billion more than it is now easily! And if it was, how could it possibly grow 10% a year from there?

What can it do between now and then to add another $75 Billion dollars worth of value?

It's dividends are low as well. If they paid 7% as they should I'd maybe keep em. Maybe they will - I am hoping.

I expect (well hope) that BHP is $38 and RIO $100 next June - and if they are I will sell then!

 

[Sean K]

How about BHP buying WPL for a start. Then maybe Alcoa. Then Breat Britain. Just the Queen is worth about $175 billion.

 

[The Mint Man]

Just the Queen is worth about $175 billion.

who would want a peice (share) of her? :blover: :nuts:
:screwy:

 

[Sean K]

She's hot man! And that Camilla!!! Move aside Chuck! :1luvu:

 

[Realist]

the Queen is worth about $175 billion.

She's overvalued.

I'd short her!!

:casanova:

 

[eddievanhalen]

maybe 175 mill ............the Queen ain't worth even close to ONE billion as far as I'm aware.

Ed

 

[nizar]

maybe 175 mill ............the Queen ain't worth even close to ONE billion as far as I'm aware.

Ed

agree

the queen is worth about 700million

(maybe even less now after the correctioN!)

i know coz i remember them making a big deal with that harry potter author had more money "than the queen" when she passed the 800 mark

 

[Sean K]

She pays a good dividend though I hear! Fully franked. I mean angloed, um, saxoned I mean. No actually, she's kraut isn't she?

 

[Sean K]

Getting back to the topic, I've actually made $15K on paper in the past 2 days. Still $60K down from May 10ish

Glad I picked up the extra BHP and HDR, although could test lows again in next 3 weeks. Come on July!!!!!!!!!

 

[Realist]

Well done Kennas!

I too am glad that I bought BHP and RIO last week.

 

[ctp6360]

Well you were calling those bargain prices on BHP and RIO Realist, so congratulations, lets just hope as things cool off from this new current outpour of irrational emotion that the overall trend remains up!

I got my RIO at 70.95 which is looking good at the moment

 

[Realist]

I got my RIO at 70.95

Ohh a 10% increase already!

Well done!

Keep holding...

 

[jet-r]

Dont you think the market is racing ahead too fast.
I have sold my BHP, RIO, MBL and OXR today and hoping to re-enter at a better price next week..

time will tell.

 

[serp]

I can't believe how strange the Australian market is, everyone talks of a big correction yet over the last 2 days it makes massive gains, unbelievable, the ASX is so volatile and tied to the US and Asian markets it is absurd.

 

[lewstherin]

Blue chips like RIO and BHP going through 10+% price volatility in just over a week is sketching me out too.
I wanna see what happens when/if the Fed hikes interest rates at the end of the month...

 

[Realist]

I have sold my BHP, RIO, MBL and OXR today and hoping to re-enter at a better price next week..

Traders confuse the hell out of me.

Why not buy around the low of last week, or early this week and just hold them for 1 year ?

How can buying and selling BHP constantly be a better way to do things?

Brokerage, slippage and taxes must kill you.

 

[laurie]

The way some people talk here they must not pay CGT there is no way I'm giving the Goverment 48% of my money unless I'm really need to sell. I tend to keep a stock for at least 12months

cheers laurie

 

[Sean K]

Yeah Laurie, It's a drama. I'm mostly long term but I tell you tax time is a nightmare. It cost me $600 to have my tax done last year!

Agree with the above posts about volitility and the see sawing going on. Could see some more big drops over the next 2-3 weeks.

Interest rate increase is factored in I think, so if they don't, or make even a smaller increase, like 10 basis points, then the market will probably love it.