when australia's biggest stock is up 80% in 12 months.
we know BHP is going to take the biggest hit if the market tanks.
my opinion is with the volatiltiy BHP will take a breather, there needs to be some consolidation at some point, where investors jump off ship, and a new group of investors come aboard.
realistically BHP cant just keep going up at the rate it has been.
Lets not forget that oil is a major part of BHP and if the price of OIL falls which is likely as it is above $90 this will have negative impacts on BHP.
The price of copper could also fall, which will impact BHP.
its a great stock, but i remember the times when BHP was around $24 and people were calling for $18-20.
if your trading BHP theres more to take in, if your a 10 year investor. then not so important if you are buying every 12 months.
monday, page-31
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Last
$41.11 |
Change
-0.150(0.36%) |
Mkt cap ! $208.7B | |||
| Open | High | Low | Value | Volume |
| $41.02 | $41.28 | $40.88 | $166.0M | 4.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1662 | $41.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.12 | 6386 | 31 |
View Market Depth
| Last trade - 14.56pm 07/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |