It may indeed run before testing $40, but it's not the percentage play.
Couldn't hold 42, next stop $39.80. However accumulating at these levels will be profitable come the end of the year IMO.
Charlie Aitken commented that traders should clean up their portfolios and position themselves for a market turnaround. Buying BHP under $42 is probably along the lines of what he's talking about.
There may be short term volatility but the Greece situation has not gotten better just because Merkel and Sarkozy said they didn't want Greece to default....What else would they say?
Alan Greenspan made the point that Greece would inevitably default and it could put the US into recession.
Anyway I'm rambling :-) Watch and wait is what I'm trying to say.
heading back in the red, page-6
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Last
$40.61 |
Change
0.250(0.62%) |
Mkt cap ! $204.8B | |||
| Open | High | Low | Value | Volume |
| $40.46 | $40.70 | $40.16 | $167.5M | 4.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 10133 | $40.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.63 | 2044 | 13 |
View Market Depth
| Last trade - 15.16pm 19/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |