Macdog
Re; ..."Hotcopper posters,
I am an inexperienced investor in my mid 20s that has been reading most BHP discussion threads with interest. I recently bought 800 BHP shares for $42.40 using my margin lending account.
I dont understand alot of the technical analysis discussions that have been posted. However, I was wondering if any Hotcopper investors that are more familiar with the market than I am (and in particular BHP), could share their thoughts on where this stock will go in the next 12-24 months?
Laymens terms would be very appreciated!
Thanks in advance."...
I am not a financial advisor, nor do I profess to be an expert in equities. IMHO BIGRODDY's response is one to heed [perhaps $24 - $70 within a month or two years]. HC is a great forum to share information & exchange views but be wary of treating posts as advice.
Global markets atm are very volatile & the last few days global sentiment has been ugly. IMHO BHP is a great stock that quickly rebounds but if the market crashed in NY overnight it too would be affected; this may trigger a margin call against your 800 BHP shares & erode your own capital if a share sale is forced.
IMHO it might be worth considering a stop loss at $42.75 [the PSAR indicator on ProfitSource software is showing this figure as the marker for a change of trend]. In my own case I elect to apply varying stop losses, dependent on the stock & prevailing sentiment. Some reject stop losses & others set very tight ones.
Safe trading / investing & the best of fortune to you!
4YIO - NFA
bhp 12 month forecast, page-4
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Last
$38.76 |
Change
0.310(0.81%) |
Mkt cap ! $196.6B | |||
| Open | High | Low | Value | Volume |
| $38.59 | $38.83 | $38.33 | $295.0M | 7.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2919 | $38.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.79 | 3736 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |