• Australian (ASX) Stock Market Forum

BSL - Bluescope Steel

Discussion in 'Stocks 0-H' started by JetDollars, Jul 8, 2004.

  1. JetDollars

    JetDollars Well-Known Member

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    Hi Forumers,

    What do you guys think of Bluescope Steel.

    From a technical point of view it's just broken through the resistance line recently.

    Any input will be appreciated.
     
  2. still_in_school

    still_in_school Well-Known Member

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    Re: Bluescope Steel!

    Hi Jetdollars,

    the stock, seems to be on a buy and hold for the medium term and medium risk, technically this stock has been on an uptrend since it first floated... in my idea, its a good stock to jump on and ride the bandwagon...

    Cheers,
    sis
     
  3. JetDollars

    JetDollars Well-Known Member

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    Re: Bluescope Steel!

    Thanks Still In School....Keep learning
     
  4. still_in_school

    still_in_school Well-Known Member

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    Re: Bluescope Steel!

    ... there seems to be some heavy volume being traded between both buyers and sellers...

    a large number of buyers are wanting to buy the share down at 6.75, while there is a large number of sellers wanting to sell b/w 6.85 and 6.90

    interesting to see how this share will closes up for today...

    Cheers,
    sis
     
  5. JetDollars

    JetDollars Well-Known Member

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    Re: Bluescope Steel!

    I purchased BSL a few days ago in my ASX Sharemarket Game.

    Go the good thing....BSL
     
  6. still_in_school

    still_in_school Well-Known Member

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    Re: Bluescope Steel!

    BSL Chart - OHLC
     

    Attached Files:

  7. JetDollars

    JetDollars Well-Known Member

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    Re: Bluescope Steel!

    Well an uptrend still presenting, so holding on to it seem like a good idea.

    I will come back and check it out in 2 weeks time...LOL
     
  8. still_in_school

    still_in_school Well-Known Member

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    Re: Bluescope Steel!

    interesting to see it trade down to a low of $6.77 and still manage to close at $6.88... with this one... im not actively trading it... just gonna let the profits run... as its a definite hold... for the medium term...

    Cheers,
    sis
     
  9. Joe Blow

    Joe Blow Administrator

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    Re: Bluescope Steel!


    Nice chart!

    Gonna take a closer look at this one. It's got a nice uptrend happening!

    8)
     
  10. Aceyducey

    Aceyducey Member

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    Re: Bluescope Steel!

    Got a Strong rating from StockDoctor on the fundamentals as well.

    Cheers,

    Aceyducey
     
  11. still_in_school

    still_in_school Well-Known Member

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    Re: Bluescope Steel!

    even looking at ANZ and BT, they are happy to do a 70% Margin Lend against it...

    Cheers,
    sis
     
  12. JetDollars

    JetDollars Well-Known Member

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    Re: Bluescope Steel!

    I think I am going to buy more BSL in ASX Sharemarket Game on Monday...LOL
     
  13. still_in_school

    still_in_school Well-Known Member

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    Re: Bluescope Steel!

    lol... remember Jet$, only invest 10-20% into 1 stock... very hard to be discipline some time...

    lol.. trust me, i want to break the rules...

    Cheers,
    sis
     
  14. JetDollars

    JetDollars Well-Known Member

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    Re: Bluescope Steel!

    SIS,

    The ASX Sharemarket Game's rule state that:

    You only allow to buy 25% of your allocated funds ie. $12,500. for this matter.

    I think I got about $7000 with BSL at the moment. So I still able to purchase more if I want too.
     
  15. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: Bluescope Steel!

    Thought I'd revive this thread since we really should be following a runner like Bluescope Steel more closely imo. The trend is your friend.

    Breakouts around 8.50 and 9. If the past is anything to go by this ones going to run for a few more months before correcting (if at all).

    Here's a chart for BSL, currently at $9.53, chart ends on 3Feb05. I hold via warrants.
     

    Attached Files:

  16. dutchie

    dutchie Well-Known Member

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    Re: Bluescope Steel!

    Hi RichKid

    I agree, imo it still has plenty of upward movement - especially longterm.

    Attractive forecast yield should keep it bullish.

    (Happy to get in @922)

    Do not take this as advice in any way - I am a amateur
     
  17. JetDollars

    JetDollars Well-Known Member

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    Re: Bluescope Steel!

    well resources boom will help BSL trending up for a while....so I believe it is a good buy.
     
  18. phoenixrising

    phoenixrising Well-Known Member

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    Re: Bluescope Steel!

    Also nicely placed in the China boom.
     
  19. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: Bluescope Steel!

    The breakout is continuing strongly, looks like it's gapping, but we'll have to see how this turns out. Volume is firm as well but nothing extraordinary, tends to be steady in steep uptrends for BSL. This may be the last major earnings upgrade season so BSL seems to be making the best of it. Maybe another 2 to 3 months left for this latest run.
     
  20. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: Bluescope Steel!

    A minor correction today, some profit taking? Trend probably got ahead of itself. Still above supporting trend line so should be ok, typical for BSL judging by last few runs. Div not far away now and profit annoucement even sooner. Let's see if they surprise.
     

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