get ready to short it for correction

This stock will have eventually want to pull back a dollar.

From AIReview edition 92 (this week's):

PREPARE FOR THE ANNUAL
RESOURCES STOCK PULLBACK
Merrills would not be short resources on a 6-12 month view, but given stocks like BHP and Rio are at close to record prices any minor disappointment could be enough to trigger minor panic Merrill Lynch could not be more bullish on the likes of BHP Billiton (BHP) and Rio Tinto (RIO) if they tried. But - and it’s a big but - get ready for a 5-15% pullback in share prices.
No, Merrill Lynch is not being strangely paradoxical. It’s just that every year for the past 20 years there has been a pullback of this nature around February/March.
While 2006 has begun in a climate where resources analysts have given up on trying to pick commodity price corrections, and turned to drink instead, it would potentially be a brave soul who scoffs at the trends of history.
Merrills suggests this typical seasonal weakness is driven by a combination of Chinese New Year apparent impact on demand, any disappointments during
January/February production (which, to some extent, have started) or fi nancial reporting, new financial initiatives coming out of China after Chinese New Year (especially if this could result in capex constraint on the metals sector) or investors simply taking some profi ts after a strong December quarter.
Merrills’ advice is this: if you’re long and you’re a trader, take profits ahead of the opportunity to buy
back in at lower levels (and at that point increase your position); and if you’re not long, wait for the dip and then buy with your ears pinned back.
In either case, take the pullback opportunity to establish a Heavily Overweight position.
Merrills would not be short resources on a 6-12 month view, but given stocks like BHP and Rio are at close to record prices any minor disappointment could be enough to trigger minor panic.
Nevertheless, BHP and Rio are not expensive on price/earnings and price/cashfl ow, says Merrills, and with such strong free cashflow yield and low debt levels, the analysts do expect further capital management programmes.