Uncertainty is not a good environment for markets and ergo, bell-weather stocks like BHP.
It spooks all investors in particular the 40% of investors who are offshore superfunds and it play havoc with investment proposals.
ST the sell off looks to be overdone but looking back over the last 3 years, BHP has been sold off by the same or larger $ value at least 13 times, it could easily go further.
For me, that's great, I missed the last entry point and want to go long.
If you are long, hold on and maybe average down, it will come back and you know it, even faster if the company begins to talk about re-domiciling to an offshore base with more accommodating tax treatments and also if the Opposition mounts a credible attack on the Govt resulting in a backdown by Rudd, AGAIN!
He is a spineless labour muppet isn't he!
His mouth moves but the words are not his.
Uncertainty is not a good environment for markets and ergo,...
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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 |