BHP 1.63% $42.75 bhp group limited

BHP top up ...., page-24

  1. 7,140 Posts.
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    I made an error entering at $21 with much the same rationale as peeps that are buying now for $18. I always intended to watch the price and accumulate more on further weakness with a LT view... Jumped in a little early though.

    Long term I think my initial $21 entry will be vindicated, but I would rather have waited and paid $3 less p/s and so now I'm waiting and watching with even more patience for my second bite of the cherry.

    I was pulling up LT charts for BHP and once she tumbled down through the $20-$21 range it looked like the next stop would be $16 based on my observations and if she can't find buying support at that level... Yes $10 might come into play.

    No rush to buy in this market, keep some powder dry IMHO.
 
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