The commodity always leads - BHP (and RIO andFMG) became a sell when the iron ore price topped out - the SP was heading down when the BHP "worlds best management" lined up the holes in the Swiss Cheese for the double whammy ...
it is another illustration on why disregarding "technicals " and lording "fundamentals" is dangerous hubris .... fundamentals (facts) change and then you're forced to change your mind (analysis) if you're to remain a rational person. Those who have held for a long time can be sanguine as they're probably still ahead, but those who bought recently have sustained a loss, that may take years if ever to recover from .... simple maths.
High priced assets be it "blue chip stocks" or "blue chip property" are not one way bets and overpaying for presumed security can end badly.
BHP WTF, page-20
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Last
$44.25 |
Change
0.450(1.03%) |
Mkt cap ! $224.1B | |||
| Open | High | Low | Value | Volume |
| $44.37 | $44.39 | $44.12 | $45.23M | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2866 | $44.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.25 | 123 | 1 |
View Market Depth
| Last trade - 11.22am 15/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |