"We won't see 35 again"
Probably not the most thought out comment.
What you are saying is that you've successfully picked the bottom of the market, to within 10cents (or 0.25%) of BHP? I need to get your software.
We are in the midst of one of the most volatile times in a stock market, with the potential for the market to go either way at a second. The market is of long duration, and is currently sitting on a critical support level, and threatened to break through it today.
The US debarcle, and rising interest rates in Australia, coupled with a strong AUD, impacting on BHP profits.
A technically crippled copper chart, and lead set to fall to 2100/tonne.
Multiple technical indicators saying that we still have further to fall (allbeit likely to be volatile in its final construction)
...But you think 35 won't be seen again.
I suppose its an opinion, but you may need a little more qualifying than that.
I remember a month ago when I said that BHP would fall to 35.75, about 10 people came on here, much has been written in this thread and said "You are a fool for shorting BHP", "Wake up, we will never see $35 again" etc etc etc...
$32 is more likely than $40 before the years end.
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