Email of the day (2)
Comment of the Day

May 19 2010

Commentary by David Fuller

Email of the day (2)

A timing question
"RTP and BHP.......time to accumulate?"

David Fuller's view Good question. I prefer to buy on weakness and sell on strength, as you know. Looking at RTP (weekly & daily) and BHP (weekly & daily) - I have shown US prices because of the codes you supplied - I would only buy incrementally, if that is your strategy.

Usually, I prefer to see some evidence that the decline is ending. I do not see that yet so it may still be 'catch a falling knife' territory. Also, although both shares are in my personal long-term portfolio, I remain unhappy about the "super-profit tax" proposed by the Australian government. Hopefully, that will be watered down but it has hit both shares. I maintain that quality mining shares will do well over the longer term.

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