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.