PP
What I found surprising was that BHP fell over several days all the way down to $31 at the close of 22 January. If BHP was such a great buy then the Australian institutions would have supported it at, say $34-$36 range. The fall in price was not on really heavy selling, only 27 million shares were traded on 22 January.
This indicates to me that either the institutions are uncertain about BHP in the light of its takeover battle, or they have a lower short term valuation for it. Maybe they were waiting for the real firesale.
loki
- Forums
- ASX - By Stock
- XJO
- another subprime victim
another subprime victim, page-200
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,230.1 |
Change
42.700(0.52%) |
Mkt cap ! n/a |
Open | High | Low |
8,187.4 | 8,238.2 | 8,187.4 |
Featured News
XJO (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online