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BHP Billiton Limited Message Board

  • azrats2000 azrats2000 Jul 16, 2008 9:45 PM Flag

    Don't touch BHP until mid August

    Earnings are scheduled August 18. I would wait until then to jump into BHP. Last year right after August earnings this stock flew from $52.27 to $ 87.23 in 3 months.(see chart) I'am hoping for the same kind of movement as last year considering they raised their prices on ore. Hold tight until then. GL

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    • That would be a great indicator based on historical trends, but does that include the unstable futures commodities that is impacted by the weakened USD, current energy conditions and oil price increases, which all have global impact. However BHP's diversity and recent instances such as the 15% increase in Ore output due to China's demand should promote growth. I admire BHPs overall ability to adapt to world changes and I agree that their 1st fiscal quarter will be strong.

      • 1 Reply to crumpta
      • so crumpta, in other words, we are just guessing and playing in the biggest casino of em everyone else. Sure this puppy will be way higher in 5 years from now. But..what if there is an oil glut and that brings all commodities down. And have you seen gold's trend lately. I wish they would convert to a trust so I could pick up a nice divvy on this baby. Then Id be a buyer in a big way!

    • It is puzzling that in the last few weeks BHP has lost close to $15 share. Especially in view of the announced price increases. ANY insight would be welcome by all.

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