When will the baby bear join the party?

[ROE]

Is there a baby bear on the horizon like last May?

 

[Ken]

Some stocks are already bearish.

BHP, RIO Tinto are 2 i think that have been sluggish for a while, and they make up the majority of the All ords, yet we just came off all time highs.

the stocks are 20% down from all time highs, bhp may not see over $26 again in some time.

with the support for stocks like Telstra and Wesfarmers it looks clear that investors are shifting to dividend stocks.

i hold BHP and rio and am having 2nd thoughts.... if the bear comes, they will be hit hardest.

 

[Realist]

i hold BHP and rio and am having 2nd thoughts.... if the bear
comes, they will be hit hardest.

I disagree. BHP's and RIO's P/E Ratio is alredy very low.

Speculative mining companies like MTN, USA, EVE etc. will be smashed (I hold all 3).

There'll be a mini bear in 07 alright

There'll be a mini bull as well though!! :

 

[wayneL]

They're out shopping for the nibblies and party hats now :

Except it won't be a baby bear... it will be a big ol' grandaddy grizzly

 

[Ken]

realist

Do you remember when i posted "what would bhp be if all ords were 6000?" at the time all ords were around 5000 and bhp was around 27-28.

Well we are closer to an ords being 6000 now than we were and bhp has dropped to mid $24 mark. Maybe its undervalued for a reason, i hold, but i am having my doubts, i just dont know what will spur BHP into another run, i know its only january...

Rio tinto's 1/4 report was not much good lets hope bhp's is.

 

[champ2003]

I disagree. BHP's and RIO's P/E Ratio is alredy very low.

Speculative mining companies like MTN, USA, EVE etc. will be smashed (I hold all 3).

There'll be a mini bear in 07 alright

There'll be a mini bull as well though!! :

MTN is far from speculative. It's one of Australias largest Uranium companies other than Paladin. I think you may like to do a little more research on that one as it is one of the most undervalued Uranium companies on the Australian market according to Fat Prophets and with just a little research it's very easy to see why.

Cheers

Champ

 

[Realist]

You do not need to convince me about MTN. I bought it ages ago, I bought the USA share offer that MTN got me as well, I've made megabucks from them.

But compare MTN - makes a loss, with BHP - biggest profit in Australian history. BHP is the better value.

 

[champ2003]

You do not need to convince me about MTN. I bought it ages ago, I bought the USA share offer that MTN got me as well, I've made megabucks from them.

But compare MTN - makes a loss, with BHP - biggest profit in Australian history. BHP is the better value.[/QUOT

I personally think there is no comparison however profitwise yes BHP is the outright winner.

To be more fair with the comparisons i'd say PDN is a winner over MTN profitwise as well however i think MTN most likely has much greater share appreciation potential.

Anyhow time will tell.

 

[reece55]

Champ
Whilst I think it this is off topic for this thread, MTN all depends on whether or not you believe the validity of their inferred resource. My understanding is that many geological experts in Australia do not believe that the present drilling results warrant the status of an inferred resource. Now, i'm not going to get into a debate about the JORC code (by no means my expertise), but the discussions I have had with experts say that they wouldn't be investing their hard earned on teh results.

Best of luck to all holders however, the stock certainly hasn't disappointed so far!

Cheers

 

[Smurf1976]

There's the baby bear...

And the medium size bear...

And somewhere out there is the BIG bear...

When they show up and which one is next are the questions. Don't count on it being the baby bear...