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Its the strike in Chile that's pressuring the SP. Until that is...

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Klotho

5,114 Posts.

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14/08/24

17:50

Post #: 75207870
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Originally posted by Red Dirt Dan ↑

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.

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Its the strike in Chile that's pressuring the SP. Until that is resolved there may be more downside. Great buying opportunity though...

BHP Price at posting: $39.62 Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last $42.06		Change -0.930(2.16%)		Mkt cap ! $213.4B

Open	High	Low	Value	Volume
$42.33	$42.50	$41.94	$609.8M	14.57M

Buyers (Bids)

No.	Vol.	Price($)
3	5770	$42.05

Sellers (Offers)

Price($)	Vol.	No.
$42.11	2807	1

View Market Depth

No.	Vol.	Price($)
1	50	42.050
1	3318	42.020
1	4	42.010
15	8386	42.000
2	43	41.990

Price($)	Vol.	No.
42.180	1000	1
42.200	300	1
42.250	1866	2
42.390	2000	1
42.400	2000	2

Last trade - 16.10pm 18/10/2024 (20 minute delay)

BHP (ASX) Chart