bhp : support at 37.62, page-2

Dear qindex et.al.

Thanks qindex for post.

Yeah agreed BHP should be j-curving soon. It is just too cheap at present.

BHP's bid for RIO has really frightened the Chinese. Maybe, just maybe, they may make a big push on BHP in the next few months to give a bigger shove back. Maybe they may even bag RIO as well in one big swoop

What better way to guarantee commodity supply to fuel their Industrial and Technological Revolution.

If the Chinese don't do this some other big conglomerate will. BHP easily worth over $45... many research firms have a $50 sp target.

Where else are you going to park $$$. Banks are on the nose, property shares stink and oil and gold shares are already at a premium. That leaves the big Australian.

BHP will definately J-curve soon.

regards
Capt. Goodvibes

DISCLOSURE:- I own BHP shares.