I've been long BHP eto's (again) since early November when it was trading around $11.35.
Having weathered the fall to $10.65 I see it now going higher...at least to $12.00 and possibly testing the October $12.28 highs. I'm surprised how far this stock can move in one day...3%-5% increases/decreases are nothing out of the ordinary.
I was also surprised by its rise on Wednesday given the rising $Aust, BHP's poor performance on Tuesday night in London and the interest rate announcement.
I see BHP as a proxy for the state of the world economy (which imo will grow strongly over the next 12 months). I am also expecting more rotation out of property and into the share market (and speciifcally into bhp as one of the more obvious large caps).
Cheers Ajax
I've been long BHP eto's (again) since early November when it...
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |