That looked like capitulation day for miners yesterday and it wasn't even anything to do with BHP and RIO, but Glencore that some analyst wrote about. If this is not a buying opportunity I don't know what is. And for anyone saying BHP is going to $10 you really have no idea, for that to happen commodity prices would probably need to halve from here and if that were to happen, there would be no mining anywhere as no one would make any money. BHP might suffer further losses as sentiment is severely negative but that's exactly when one should be buying when the sale sign is up and everyone thinks the world will end. The only criteria is having a long term outlook as anyone good investor understands and been around that the mining sector is cyclical.
BHP sub $20.00 !, page-50
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Last
$40.01 |
Change
-0.540(1.33%) |
Mkt cap ! $203.0B | |||
| Open | High | Low | Value | Volume |
| $40.52 | $40.63 | $40.01 | $261.2M | 6.492M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 21029 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.02 | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |