bhp and rio major downtrend., page-17

Common sense will prevail with BHP. I keep topping up as it dips below $30. I feel that it may dip to $25 but no further than that. Medium to long term holders will be rewarded. Went through my phase of the buy and sell while it was staggering between the $31-$40 range. Even if a global recession is coming, which it looks like it may, Australia is somewhat shielded. Just remember that it is times like these that millionaires are made and I suggest to those that are probably a lot younger than I invest your penny's now. BHP will be $60 soon enough, 3-5 years I say. There are probably greater opportunities to make stacks of cash but BHP is a very strong stock. At the end of the day the are some definites that will prevail; people will continue to need resources and once RIO is taken over, which I figure it will no doubt, BHP will be in a position where it can pounce. Well done directors keep up the good work - I could not have done it better myself. Up on a down day, go figure.

Cheerio Nikess.