CWLIEW is right,
the DOW has broken support at 13000, however without too much more sub-prime panic in the next couple of weeks, BHPs SP has bottomed in my opinion.
It is a good value buy at these levels, much like in August when the SFX stuff-up saw about $32 momentarily.
I would call this the bottom (40.88). All climb attitude from here. Just have a look at the chart.
If I am wrong - then I will wear some pretty healthy paper losses. But it just looks a good spot to jump in long.
long rio short bhp, page-20
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Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B | |||
| Open | High | Low | Value | Volume |
| $40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15864 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.03 | 1196 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |