Thebarry111 - "Someone give me one good reason as to why today is a good day to buy? It will be raining margin calls for the next couple of days."
Its a very good day to buy puts cos the market is not over the bloodbath! Unfortunately if you check out what is happening in china at present you will note that people are now being laid off in the export driven industries. This will have a damning impact on china consumer confidence as the laid off mentality sets into the general chinese economy. Thus china internal demand, which has been the perceived saviour of aussie commodity producers, will fall away more than has been predicted. This means BHP WILL TEST $18 in the short - medium term!
I don't own BHP, and I had been considering buying until it became clear that the contagion will impact greatly on chinese demand!
share price collapse in new york, page-11
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Last
$40.86 |
Change
0.650(1.62%) |
Mkt cap ! $207.2B | |||
| Open | High | Low | Value | Volume |
| $40.65 | $41.02 | $40.32 | $321.8M | 7.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1456 | $40.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.87 | 1230 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |