beermee
In the longer term I agree with you. Its the short to medium term that is the problem. If your well in the money and do not want to pay capital gains tax than its probably best not to sell, but DYOR.
There is also the issue of how effectively BRICs will be in decoupling from US and Europe next year or so.
I like BHP for its oil and gas, its great for diversification. Much safer than RIO which will find that the massive iron ore prices they may get will be crunched once the Chinese have built their magnetite mines in WA. Sure RIO will still make good profits per tonne, but they will require a massive increase in volume to maintain total profit levels previously enjoyed.
loki
oversold, page-41
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$41.63 |
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Mkt cap ! $211.2B | |||
| Open | High | Low | Value | Volume |
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