If you wait long enough it will reach $100, it's almost inevitable at some point!
The question is did you buy BHP at $42.00 with just cash or did you borrow?
If I was sitting on BHP (which I was for a very long time until a few months ago) with cash & had more cash to meet the bottom as it continues to drop, I'd hold.
If I was at 50% margin or more, I'd reduce exposure ASAP.
As long as you have sufficient money to buy when better opportunities present (and I think they will), then I say hold, you won't find a much better story than BHP.
i bought at higher, page-9
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Last
$43.15 |
Change
-0.190(0.44%) |
Mkt cap ! $218.8B | |||
| Open | High | Low | Value | Volume |
| $43.14 | $43.27 | $42.66 | $336.3M | 7.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17234 | $43.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.17 | 19524 | 2 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |