If you have access to cash I have a theory on BHP on a way to get involved.
Basically the next stop appears to be around $32.50, if we hit that a plan could be picking up 1000 shares.
Then we have massive support at $24-$25 for BHP if the stock does continue to fall. Purchasing around $25 again, you could end up with an average price for BHP of $27- $28.
So the way I am looking at it, BHP at around $32.50 appears to be a good entry point for those who believe in China, and mining and have enough cash to average out a price if the market continues to fall.
Any thoughts whether BHP reaches $32.50 or even $25.00
This is on the of the key stocks that drives the direction of our markets.
So if you think the all ords have peaked for ever then you wouldnt be investing in BHP.