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Author Message  pasminco Member Username: pasminco Post Number: 37 Registered: 02-2005 Rating: N/A Votes: 0 Wednesday, May 24, 2006 - 03:17 am:     Take a look at the last few candlesticks on BHP_US , a hammer after a downtrend is supposed to be a bullish signal if confirmed the next day, however there was another hammer lower than the previous day, so what the heck is that indicating? BHP_US has strongly confirmed the hammers as bullish with it just sticking it's head above the high of the first hammer, but has now pulled its head back down. Is it a buy or a sell? I say it's a buy 'cos it has also bounced off an old top in both AU and US.  hershy Member Username: hershy Post Number: 1372 Registered: 10-2002 Rating: N/A Votes: 0 Wednesday, May 24, 2006 - 06:57 am:     Mornin' Pas, If I may be so bold as to mention "funny mentals", BHP is now trading at a PE ratio of 11.3. I believe this is an excellent ratio for those who wish to hold long term. The secret to good trading: If you do something well - do it often. If you do something badly, don't do it too much. Know the difference ! http://members.optusnet.com.au/~hershy/  pasminco Member Username: pasminco Post Number: 38 Registered: 02-2005 Rating: N/A Votes: 0 Wednesday, May 24, 2006 - 10:39 am:     Hershy, yes indeed, I got that email too. But that PE can increase real quickly if commodities correct further. It assumes that growth in demand continues at the current pace and also assumes that commodity prices remain high. I feel nervous writing this reply. If BHP falls and closes below the old top then I think we can expect further losses and a lower PE, at least for a while. I'm holding on for now.  hilarius Member Username: hilarius Post Number: 1817 Registered: 04-2004 Rating: N/A Votes: 0 Wednesday, May 24, 2006 - 11:43 am:     Good Morning Looks like 2 hammers are better than 1 ... So how long until we get a higher high ? 1 week ? 1 month ? 1 year ? Longer ? Never ? Hilarius I come in peace to share my thoughts and to shine my candle light on possible long term opportunities  smallworld Member Username: smallworld Post Number: 450 Registered: 01-2004 Rating: N/A Votes: 0 Wednesday, May 24, 2006 - 10:20 pm:     pasminco, do your own research, i think BHP's PE is based on copper price of 2$/lb. Recent large selling is rumoured to be triggered by margin call. comsec is one of the largest sellers in the past 2 days.  dutchdanish Member Username: dutchdanish Post Number: 18 Registered: 10-2005 Rating: N/A Votes: 0 Thursday, May 25, 2006 - 03:29 am:     Interesting thread, smallworld. Good mind excercise. Looking at it technically it is hard to draw a conclusion. The first hammer, notice the volume. Tons of buyers rally and hold support above ~43.00. Next hammer: buyers fail to hold support on large volume. April 3rd gap filled. Next day buyers try again...but sellers hold resistance at ~43.00, buyers have failed. Now, looking at this chart today at mid-day (1:20PM on wallstreet) We now have 2 hammers followed by 2 inverted hammers. Who has the strength to win? Not sure but I would look to the strength/weakness of the overall market to draw my conclusions. Peace and Success, -Dutch "...yet with how many things are we upon the brink of becoming acquainted, if cowardice or carelessness did not restrain our inquiries." --M. Shelley  tbiddle Member Username: tbiddle Post Number: 1 Registered: 05-2007 Rating: N/A Votes: 0 Saturday, May 05, 2007 - 12:14 am:     Looking at the chart, I wonder why the $33 close for BHP in May 2006 is not the one I see on the free version. I am confused. The free version shows a much lower price. Well below today's price, like $29 or thereabouts.  colin_twiggs Member Username: colin_twiggs Post Number: 2880 Registered: 09-2002 Rating: N/A Votes: 0 Saturday, May 05, 2007 - 11:24 am:     I suspect that you are comparing bhp_us to bhp_ax : two different exchanges. Regards, Colin

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