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BHP Billiton Limited Message Board

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  • MINCE38 MINCE38 Aug 6, 2008 5:29 AM Flag

    Don't touch BHP until mid August

    you are right. It seems there is some predetermined price or maybe even a day when all the big boys start their buying, ride it up and let us hold the bag. Then wash, rinse and repeat. We all know in a fair market BHP would be well over $100 just on weakness in the dollar and people wanting real assetts. In fact, the housing and soon to come, banking debacles here should have sent this to over 130 by now. Question is...where is the bottom? I also am afraid of holding thru this october as last october was an anomolly. Id say November might be the time to really buy this bigtime if its this price or lower. I might nibble on this if all energy stocks and RIO come back. RIO is to me the most undervalued safe commodities play out there because as we all know BHP made a bid for them at way higher than todays closing price.

41.29+0.80(+1.98%)Jul 2 4:02 PMEDT