how is this a correction if its come from $35 a month ago? The only people who would be bothered by this 'correction' are traders... and who cares about them anyway (if they dont add value -ie hold, take part in issues... - I dont care).
If BHP gets down to below $40, then you can suggest its a Chinese buying Opp. Otherwise, if they were going to buy, they could have done it 2 weeks ago for much less than todays 'corrected' price.
For the record, i see no reason for a Chinese slow down (the suggestion that building a couple of stadiums represented the lions share of growth when you have a billion people undergoing an urbanisation process is absurd!). I suspect the commodity cycle will continue for the next 10 years, and short of a nuclear war btw India and China, i simply cannot fathom that BHP will be less than $75 in 12 months time.
BHP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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