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
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Last
$44.58 |
Change
-0.790(1.74%) |
Mkt cap ! $226.1B |
Open | High | Low | Value | Volume |
$44.51 | $44.65 | $43.97 | $414.4M | 9.353M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12 | $44.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.58 | 8261 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12 | 44.560 |
1 | 4293 | 44.550 |
1 | 58 | 44.480 |
2 | 21 | 44.450 |
1 | 224 | 44.440 |
Price($) | Vol. | No. |
---|---|---|
44.580 | 8261 | 1 |
44.590 | 100 | 1 |
44.600 | 2000 | 1 |
44.620 | 3336 | 3 |
44.630 | 3084 | 3 |
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