A short position now in BHP could be rather foolhardy.
End of month window dressing can be a turbulent time a stock that is basically:
- a China-growth proxy in terms of its base minerals,
- a uranium play (and a major part of worlds supply at that),
- an and oil-gas exploration and production play.
These are all sectors that most hedge funds will want to show that have a finger in.
Not too many of these multiple bang-for-investment-buck sector plays out there especially one trading at a bargain price and PE.
Sentiment can turn very quickly so that major hedge funds feel it is a must-have investment to show as part of their holdings at the end of this quarter.
A short position now in BHP could be rather foolhardy. End of...
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Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B | |||
| Open | High | Low | Value | Volume |
| $40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15864 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.03 | 1196 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |