Just my two bobs worth
BHP broke out below the long term trading range before the 40% crap was ann and was already due for a retrace. The tax BS just gave it a nudge lowere providing a great opportuity to climb on board.
The market is due for a small bounce regardless of the Greeks and fellow PIIGS, however, I think the Euro is under threat and will drive the Bear for the rest of the year until a REALISTIC deleveraging process is discussed and takes hold.
Last night the US passed a bill to prevent politicians from bailing out big Companies using tax payers money. This means the Fat cats can only play a little bit at a time. This is real action against Bubbleism (is that a word?)
After the bounce (maybe tomorrow?) the medium term is DOWN!!
Only IMO of course
short term oversold, page-7
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$43.80 |
Change
0.370(0.85%) |
Mkt cap ! $222.2B | |||
| Open | High | Low | Value | Volume |
| $43.46 | $44.42 | $43.33 | $264.8M | 6.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $43.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.80 | 13551 | 1 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |