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
Just my two bobs worthBHP broke out below the long term trading...
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Last
$38.81 |
Change
-0.530(1.35%) |
Mkt cap ! $196.9B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.86 | $38.46 | $405.6M | 10.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13092 | $38.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.84 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |