Its so very true . If you think you can pick exact top or bottoms you are kidding yourself ! .. A quality stock like BHP well off its highs will certainly recover , and is presently a buying opportunity IMHO . I certainly wouldnt be shorting it ..but is this the bottom ? who knows ?
And just a point about '87 ..if you purchased in 1986 ..went away for '87 ..didnt check anything till '88 ..you would never have known such a thing happened ! And if you were watching ..and watching earnings and p/es you most certainly would have seen it coming .
I can remember owning a small miner ( cant remember the company name ) purchased inj '86 @ 20c sold late '86 for 60 c ..In 87 Prior to the crash it hit $6.40 .. was never going to be worth that .
BHP ... an entirely different story !
looking good, page-18
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Last
$43.34 |
Change
0.020(0.05%) |
Mkt cap ! $219.8B | |||
| Open | High | Low | Value | Volume |
| $42.88 | $43.34 | $42.67 | $330.0M | 7.648M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2028 | $43.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.35 | 15288 | 7 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |