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ShareShack user name hidden until logged in February 19
BHP result does not look too exciting to me. Underlying profit down 8% and flat production guidance for the remainder of the year due to production outages across several mines. I think the market was pricing in a bit more than what BHP has just delivered so I’d expect BHP to cop some selling pressure in the short term. Their shares are trading down around 1% in early London trade tonight. FMG & RIO will need to deliver some upside when they report if they are to maintain the significant share price gains that we have seen in recent weeks. I don’t currently hold any of these stocks....Show more
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ShareShack user name hidden until logged in October 13
To put the recent pullback into perspective, here is a monthly chart of the XJO going back to 2003. You can see that we are still comfortably in an uptrend and that pullbacks of this magnitude are quite normal. You can also see that over the past 3 months the market has been trading at the top of the range which naturally leaves us exposed to, and expectant of a pullback from those levels at some point. As unnerving as it may be, we can still expect a potential pullback to the 5500 point area before we are actually back on trendline support. If this occurs, I would expect buyers to defend that level quite strongly and if it eventually folds then we will be headed for a bear market.
Fundamentally, I think the market offers some reasonable value at current levels. Banks for example are down ~ 30% from their 2015 highs and have significantly underperformed the market since that time even though cash earnings have remained relatively flat over the same period. Resources are holding up well and healthcare & tech stocks have sold off sharply >30% in just the past few months so being selective is the key in this current market as we haven’t seen the baby thrown out with the bath water just yet. SPI futures are currently pointing to a 51 point drop on Monday so there will still be plenty of opportunities if you missed out on last weeks action!
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ShareShack user name hidden until logged in August 27
Commsec's summary of BHP's FY 18 result on 21 August 18:
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ShareShack user name hidden until logged in August 23
22 August 2018 NABtrade interview: Peter Switzer discusses the full year results and appeal of Woolworths (WOW), BHP (BHP), A2 Milk (A2M) and WiseTech Global (WTC)
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ShareShack user name hidden until logged in July 29
BHP still setting up here for a possible topside breakout. Friday’s news of the shale asset sale was well received and might just be the catalyst that is needed to kickstart the next leg up in price. (Not held)...Show more
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ShareShack user name hidden until logged in June 28
Nice pennant pattern forming on BHP. Plenty of potential if it can break the topside from here. Pennants are a continuation pattern with next move measured by the length of the flagpole that precedes the pennant itself. (Not held)

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ShareShack user name hidden until logged in March 03 more