ASX Shares BHP Billiton

(1000 @ $20.15) + (1000 @ $16.98)
Currently about 7% down... but I'm on stock accumulation phase now.
BHP during the GFC, in early 2008, dived to approx. $ 20 from $ 44 then it climbed to a high of $ 43.50. I believe I'm buying into a good company at a low price when people are fearful and just leave it there for a few years. I know resource will not be recovering anytime soon... I'm happy to wait for another 25 years

 

I feel that there there is a lot of testicular fortitude on display in this thread, and I really hope (which, as mentioned in another thread, is not a strategy..), that the land of milk and honey returns.
But BHP might go up, or not, and who could really know? Digging lots of holes costs lots of money, and all the mining services stocks have a big fat Greek letter or two, that the market doesnt seem to like that much, but on the other hand, big countries with growth rates in the 7% (ish) region cant withhold their insatiable demand for much longer.

What to do? If not BHP, can Twiggy still dish out some regular coin?

Dont have any association (stock or otherwise) with a company such as WD40 (for example), but who knows where a prudent evaluation of such books might lead?

 

^^^ which is precisely why I play sentiment, not the hope of a return-to-normal.

hope is not an investment strategy.

 

Around 2 weeks ago some guys at work were buying at just above $20, i said i'm in at $15 - but now im not sure..

Any thoughts on where this will settle?

 

$12.00-$13.00

 

I was thinking $15 however with the negative momentum, it could possibly go below $10.

 

My last one was at about @$17. I'll hit again if it goes down to @$14.

 

BHP up almost 6% today after falling into the $16 range yesterday. Is that the floor?
I had a taxi driver telling me about how cheap BHP shares are..... Is it a sign from God

 

I don't think so. I think it's just a bounce. More pain yet to come for the big Australian.

 

It is one thing to try and pick and buy at the bottom,butwhy do you think the price will rebound and when will that occur.

Resource cycles can last decades

 

I bought at $23 .... I also bought S32 at $1.40

 

BHP is taking investors downhill. I expect a big fall towards 10 if they cut the dividend.

Perhaps that will mark the bottom for medium - long term

The question I ask is what positives are in place for commodities for the next 10 years.

 

As long as your not emotionally involved,then the way this may go is one price could lead to another,then another,then finally to a price that has no possible connection to the bottom starting price,and when you look inside BHP,iorn ore and it's current price is only one item they carry inside their business model handbag,10 bucks no way..imho..

 

The dividend will be cut after the interim unless there is a major commodity price rebound. The market has priced it in already.

 

FEDs raised interest rate by 0.25 %, that is expected.
But the market price went up instead!
Looks like, as Falcon said, the market has priced it in already.

 

With the way the price is going this morning and sales volumes,a lot of people must be factoring in the current dividends expectations in the belief that they will lower the twice yearly
payment,just another capital value adjustment then we may see an unexpected rally across key commodities..

 

Lately I've been looking at stock prices too often.
Are there any good android apps for portfolio tracking?

 

See this all the time.

someone posts that they will start buying when the stock falls to what they deem to be an unrealistic price. stock falls to that price. they don't buy.

it takes balls to buy when a share price is plunging.

not many can do it.

 

Yeh, if you're holding for 25yrs, then you should be fine.

Not sure its appropriate to compare BHP to what they were during the mining boom. China was in the midst of the greatest industrial growth story in the history of planet Earth and BHP had the goods to feed that growth. Those years are not coming around again any time soon. Which begs the question, what is a good price for BHP? It might look cheap now if you think $40 is where they'll get back to, but what will drive the demand for their goods to get the share price back there?

 

When i said my buy price to my colleagues i didn't think it unrealistic - but i did not think it would almost be there 3 weeks later.

There is a lot of negative sentiment, credit rating, Brazil, i see goldmans just released their 3 yr forecast iron average price under $40.

Will be very interesting to see what the group does in Feb.