morning traders 7 / 5, page-5

Morning folks,

I see more fake news,

Take buying BHP for example. Someone could have bought it at $33 in 2014 (higher than today’s price of $31.50), or bought it for under $20 in 2016, after it bottomed and formed a new bull trend. The person who bought in 2014 (& say held for 4 years) is still riding a loss, while the 2016 buyer is 50%+ in profit. It’s much the same company over 2014-2018 period, but the big difference is that the long term trends & market sentiment towards commodities have changed.

The above example is incorrect, BHP has continued to pay dividends at an average of 4.2% yield over the years stated so if you bought in 2014 @ $33 you wouldn't be carrying a loss you in fact you would be in profit however only marginally, as I always say never let the truth get in the way of a good story