Don't think it is about market making although bears never good - so much as Rio board and major shareholders agreeing which they won't.
They opened books b/c they had to. Not a rumour.
Agree that fed cut had a bit to do with market for certain miners it assists exports from China to US. IO the big winner though and good news for BHP.
BHP been underpriced for years IMO but they will need to step up big time to win this one. It is like the Swiss taking on the Scots in head to head combat. One prefers the sidelines and safe havens and the other doesn't care who is slaughtered as long as they win.
Both miners are excellent either way. I hold both.
Cheers
WT
Nothing here is ever advice. The market is always right and is your best teacher.
Don't think it is about market making although bears never good...
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Last
$41.19 |
Change
-0.370(0.89%) |
Mkt cap ! $208.8B | |||
| Open | High | Low | Value | Volume |
| $41.38 | $41.53 | $41.15 | $305.6M | 7.403M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 802 | $41.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.25 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |