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Hi Nouf,You make a very astute observation. The same observation...

  1. Rondog
    673 Posts.
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    29/09/13
    10:39
    Post #: 12385163
    Hi Nouf,

    You make a very astute observation. The same observation was made in the book Reminiscences of a stock operator by Edwin Lefevre ay back in 1921.

    More recently, an article at this link http://www.stpt.com.au/BHPEFFECT.pdf basically suggests the same principle at play. The article is a little outdated now because at the time I first read it, BHP was the top stock on our market by capitalisation. Now of course, its CBA.

    There used to a video based on this article but I couldnt find it.

    Thanks
    DYOR
    XJO Value at posting: 105.00
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    lightbulb Created with Sketch.  Great analysis
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