Yes im thinking the same way. I started buying in at $43.50 and average down every .50 no matter how far it falls, but I have that much cash in this now & with todays fall which makes absolutely no sense to me at all....im questioning just how much more I will be throwing at it. China is not in a favourable position but then its also not falling off a cliff either. Of course there will be stimulus, although I thought it would have been done already, it really is only a matter of time before they start and the cycle turns all over again. I look at labour costings and also machinery has been bought in mass from miners, so they would not be ramping up if they knew that orders going forward would be more contracted than they are now. Even when the market is wrong it some how assumes it is right by pricing mechanisms... Frustrating as it may be, this company is undervalued now matter how you stack it up...does not mean will not become cheaper.
BHP Price at posting:
$39.62 Sentiment: Buy Disclosure: Held
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