ASX Shares BHP Billiton

Discussion in 'Shares & Funds' started by Waterboy, 13th Nov, 2015.

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  1. Kangabanga

    Kangabanga Well-Known Member

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    it might take a while, China has just pumped in 800 billion yuan last couple quarters of their special infrastructure fund (which was initially slated for next 3 years) and 400billion this last quarter into their property/construction market.

    China Plans 400 Billion Yuan in Special Building Projects

    And speculators have moved from stocks to commodities futures in china which is causing Beijing to scramble to regulate the margin trading.
    China's Great Ball of Money Is Rushing Into Commodities Futures

    So expect a short term boost to steel related commodities like iron ore and coal the next quarter or so, until the stimulus runs out of steam again. I reckon that's when the real reckoning will hit for commodity companies like BHP.
     
  2. Chrispy

    Chrispy Well-Known Member

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    Pink Boy ... I am doing well on S32 currently :)
     
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  3. Redwing

    Redwing Well-Known Member

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    BHP was down 9%
    Woolworths was down 7%

    BHP is being sued by the Brazilian government for US$43 billion.
     
  4. The Falcon

    The Falcon Well-Known Member

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    Cant help but think of China with his 3 stock portfolio. BHP/WOW/ANZ.
     
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  5. oracle

    oracle Well-Known Member

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    I would assume he is done with sharemarket investing for good.

    Cheers,
    Oracle.
     
  6. devank

    devank Well-Known Member

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    I had BHP bought around $30 mark but luckily I managed to averaged down when it was between $14 and $17. Then sold large part at $21.13. So.... you can escape.
     
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  7. Nodrog

    Nodrog Well-Known Member

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    Yes, the poor bugger. He was a character, no doubt about that. We did try to steer him in the right direction but to no avail.

    Certainly highlights the danger of a highly concentrated portfolio! In this case, extreme.
     
  8. inspiredbyprop

    inspiredbyprop Well-Known Member

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    So it's not the issue with investing in blue chip companies which can go to pear shape at anytime. (people always think blue chip is the most secure one)

    But over concentrated portfolio is the issue.
    Good investing requires monitoring and readjusting portfolio according to the market sentiment.
     
  9. devank

    devank Well-Known Member

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    I like to get experts opinion.
    This is how my BHP trade went
    21/11/2014 BUY 500 @ $32.03
    21/09/2015 BUY 400 @ $23.90
    25/09/2015 BUY 424 @ $27.12
    23/11/2015 BUY 1000 @ $20.15
    9/12/2015 BUY 1000 @ $16.98
    14/01/2016 BUY 1400 @ $14.56
    21/04/2016 SELL 2000 @ $21.13


    Now my average buy in price is $19.20. Current price is $18.43.

    Did I get lucky this time (with last two trades) ? Should I not be in this game??
     
  10. The Falcon

    The Falcon Well-Known Member

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    My 2 cents but i am just a punter, and my thoughts only.

    Looks like you have been averaging down with the hope that the share price would turn, big punts on a falling knife,increasing your buying the further the share price fell. Very much the gambler technique, very exciting no doubt. With a company like BHP you are punting on big macro themes + regulatory issues. For mine, I wouldn't consider this investing. If the share price remained at 1400cps or lower now you would need to deploy ever larger amounts of capital to average down, presenting very large stock specific risk. Personally, I would not do this, but there are many ways to participate in the market.
     
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  11. devank

    devank Well-Known Member

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    Thanks Falcon. I have been waiting for an opportunity to sell BHP.

    20/10/2016 SELL 1400 @ $22.63
    I have sold all BHP (6.5% gain), all ANZ (10.5% gain) and all WOW (9.6% gain). They all gave good dividends.
    Currently, feeling a bit odd. I wanted to get out while I'm positive. I know nothing about the market. I have been simply going by what I 'hear' & trend charts.

    Moving all funds to offsets. I'll wait there until next crash comes along.

    CWN (Crown Resorts Ltd) is tempting now though :)
     
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  12. pippen

    pippen Well-Known Member

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    As an employee of s32 things are looking up, good employee share scheme happening with 1200 share rights last year and a further 720 just announced!
     
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  13. Chrispy

    Chrispy Well-Known Member

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    I am more than happy I bought s32 when I did. Not only have I made a significant gain I am also getting dividends :)
     
  14. Phil82

    Phil82 Well-Known Member

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    What pit are you at. I work at Dendrobium.