CWLIEW is right,
the DOW has broken support at 13000, however without too much more sub-prime panic in the next couple of weeks, BHPs SP has bottomed in my opinion.
It is a good value buy at these levels, much like in August when the SFX stuff-up saw about $32 momentarily.
I would call this the bottom (40.88). All climb attitude from here. Just have a look at the chart.
If I am wrong - then I will wear some pretty healthy paper losses. But it just looks a good spot to jump in long.
long rio short bhp, page-20
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Last
$44.13 |
Change
0.330(0.75%) |
Mkt cap ! $223.6B | |||
| Open | High | Low | Value | Volume |
| $44.37 | $44.39 | $44.05 | $93.15M | 2.105M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 977 | $44.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.14 | 883 | 12 |
View Market Depth
| Last trade - 14.20pm 15/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |