Got all four banks, cba after cap raising so very happy. More luck than anything, buying for the long term as can't trade any more, although I do follow the logic that if the economy comes good, banks will be the first to recover as people need to borrow cash to make cash. Just posted on bloomberg;
Commodities Slump
The global recession has hurt commodities demand, creating a glut of oil that has driven prices down 75 percent from a record $147.27 on July 11. A measure of six metals traded on the London Metal Exchange lost 2.8 percent, bringing the slide from a March peak to 63 percent. Copper prices plunged as much as 6.3 percent to the lowest since October 2004.
Crude oil futures declined 9.6 percent to $36.22 a barrel in New York yesterday, the lowest settlement since June 2004. Oil prices fell in spite of a record output cut by the Organization of Petroleum Exporting Countries this week.
I still have no doubt that at some point in the next 6 months bhp will be the buy of the century, bhp pretty much sells everything on the commodities index, it has fallen 63 percent with a large chunk of that in the past 6 weeks, if the products you sell drop by that amount at some point it is going to hurt the share price. Simple as that.
Have a good weekend. Got the christmas party tonight, so will hide the computer. lol
- Forums
- ASX - By Stock
- BHP
- you just cant keep the big guy dow
you just cant keep the big guy dow, page-33
-
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
|
|||||
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. |
---|---|---|
$38.84 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 13062 | 38.800 |
1 | 77 | 38.780 |
2 | 523 | 38.770 |
1 | 6615 | 38.760 |
4 | 26213 | 38.750 |
Price($) | Vol. | No. |
---|---|---|
38.840 | 500 | 1 |
38.860 | 3000 | 1 |
38.870 | 180 | 1 |
38.900 | 38738 | 7 |
38.920 | 581 | 2 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |