OK, short it how far do you think it will go?? It surprises me how fickle sentiment is at the moment its the new year show some form of faith in the resources sector. BHP is more than copper and current prices are not in the astute investor valuations.
Look at the chart BHP has a gap down every coulpe of months and rebounds ~ $4s over the subsequent 6 weeks. This stock is about to report production and half year financials and they will be impresive.
If you short it I would have a tight stop if I was you.
time to short the big australian, page-2
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Last
$43.48 |
Change
-0.910(2.05%) |
Mkt cap ! $220.5B | |||
| Open | High | Low | Value | Volume |
| $44.10 | $44.11 | $43.42 | $298.9M | 6.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5791 | $43.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.48 | 13649 | 1 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |