Added more NAB, Rio Tinto; Holding Exxon Mobil; Sold BHP; Eyeing Boral
by, 10th-October-2007 at 08:25 PM (2979 Views)
Every dip is a buy in this bull market.
Rio Tinto Alcan is almost here - the trend for both BHP & Rio has definitely slowed a bit, theres some consolidation but these guys have moved almost $24 and $52 North respectively and along with many analyst upgrades, low P/E ratios, I firmly believe that there is a lot more to come in this commodities cycle.
Accumulated @ $111.50, $109.30, $108.50
(small quantity buy orders down every dollar movement)
National Australia Bank - Is the best looking buy in the banking sector. I'd recommend it for anyone looking to gain from the banking sector as its finally rallying after some lengthy consolidation and NAB is the only one of the majors still sufficiently below its all-time high, while all others are cracking theirs.
Accumulated @ $40.50, $40.80, $41, $40,47 (more buy orders @ support zone, $38)
Exxon Mobil is moving slowly but steadily, I believe oil will keep rallying and Exxon is one of the best and most secure plays to capitalise on making money out of oil, with 50 projects due to come on in the next few years, thats massive!
Accumulated @ $92.60, $91.90, $90.90, more buy orders @ next support level ($86 zone)
Boral Limited - Boral is looking like a nice play, breaking resistance past $7.30 strongly today, hopefully it has a small dip tomorrow which would be a good buy.
Stop @ $7.25 (the previous resistance zone should act as support).
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