Lol, Nutsm, I think you've answered your own question. Sentiment --greed and fear -- drive the price.
Otherwise, as you say, if the fundamentals aren't changing, why does it go back and forth 4 dollars?
I wonder what future valuation brokers were putting on BHP back in May 2008 when it approached $50.
Not $20, I bet.
detailed analysis, page-3
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Last
$42.62 |
Change
-0.085(0.20%) |
Mkt cap ! $216.2B | |||
| Open | High | Low | Value | Volume |
| $42.65 | $42.85 | $42.50 | $232.7M | 5.456M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42 | $42.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.62 | 5010 | 10 |
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| Last trade - 14.58pm 18/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |