BHP 0.94% $45.06 bhp group limited

quarterly production out today, page-15

  1. 310 Posts.
    Just looking at the 3 yr chart on BHP...

    In my opinion, this is the last time you will buy BHP for $25.00.

    We have got to a point where a small amount of good info will get the price kicked up above $26.00, then it's up the stairs to 30 bucks.

    If you just look at the organic shape of the chart alone, I could assume $30.00 is inevitable, question is...when?

    I think it's looking like sometime soon i.e. in the next 2-3 months.

    18/5/2005 was the last turn around like this one looks like at around $15.80.

    I was sitting in a bar back then and talking to a miner from Moranbah and he was convinced that the price would continue to fall, I thought otherwise (Only the shape of the chart made me think this). I said it would probably continue up past $20 bucks. Only 4 months later it got there.

    I didn't hold BHP then but now its 30% of my stock.

    Just my opinion.
 
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