Perhaps not Monday, but certainly this week. It's rare for the Dow to be down 4 straight days, and even with things turning sour in Lebanon, sooner or later everyone will get used to it.
Metal prices are up enormously the last few days. Even more telling, the US ADR's originally led the Aussie listing down. On Friday, they merely tracked our losses to finish roughly on par (the same is true of ANZ for what it's worth).
A dip on Monday is a buying opportunity in my opinion. Remember report is due August 23rd. And don't forget a likely resource upgrade in September. Metal prices are high and likely to stay that way for years. Forward P/E at current prices is below historical averages. And still a good chance for a tilt at Alcoa.
On a personal note, fromthefuture and a few others accuse people of a like mind to myself of being "rampers". BHP has 6.2 billion shares on issue, and is traded in exchanges on four continents. How in the hell is it remotely possible to "ramp" a company of such gargantuan size?
i feel a rally coming on
Add BHP (ASX) to my watchlist
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Last
$42.41 |
Change
0.030(0.07%) |
Mkt cap ! $215.0B | |||
| Open | High | Low | Value | Volume |
| $42.50 | $42.65 | $42.22 | $486.6M | 11.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 12579 | $42.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.45 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$42.40 |
Change
0.030 ( 0.01 %) |
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| Open | High | Low | Volume | ||
| $42.64 | $42.65 | $42.22 | 1987414 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BHP (ASX) Chart |