Although, I do agree with you all on BHP being a bit toppy but I...

Although, I do agree with you all on BHP being a bit toppy but I won't feel comfortable shorting it. I would rather stay out of BHP or go long.

BHP closed in London only down 1.5% after nearly 6% rise on Thursday night. Obviously our market expected more than 1.5% falls that why BHP only up just little over 1% on Friday.

With their better than expect profit and upgrade all round from brokers and the continue strong demand from China and the additional bonus of US and Japan economies recovering will support the strong commodities price.

High inflation figure out in the US on Friday where bonds got hits will be bad for banks and they're likely to jump into resources.

The price differential trading of BHP in Aust and in London is at the very low end. The fair value is atleast another 4% rise for BHP in Aust.

With the Dow and Nasdaq off on Friday, BHP will open down but with A$ dropping over 2c, it is likely to move higher. We all know the only negative factor for BHP profit is the appreciation of A$, so the 2c should be very supportive.

These are just my opinions. Do your own research and good luck.