BHP - Price Chart, page-28

I/O is putting us in the crapper for now but there is a good chance of a bounce. People felt the same gloominess in the previous lows under I/O $100 but eventually demand returns. If you look at the graph I posted a few posts above, BHP usually makes its move up around November so we still have almost 3 months of uncertainty. I understand why people can be negative this time of year.

Last week BHP hit $38.76 which is already low and is paying probably around $1 div in a couple of weeks so you could consider it good buying here. You could also wait for it to go ex-div and buy it after but there's a risk it will be well into the $40s by then. The price action has been horrible lately so maybe you will get yourself a bargain in the next couple of weeks. I would hate to see it that low but it's a possibility before the usual seasonal bounce towards the end of October.

The copper strike in Chile is over now as of this weekend, so that's another positive for BHP and if that had anything to do with adding to the recent falls, a bit of recovery in that.

Agree with copper (and potash) being huge contributors to BHP's future. Acquiring smaller copper companies is a wiser & safer way to do it, ensuring we don't overpay at the highs (abandoning Anglo's $75B bid).

In a couple of years, BHP will also be one of the biggest potash producers in the world, with further stages in the following years to ramp it up even more.

Looking forward to results in just over a week. Time to rally