Buy 5000 BHP @ 9.95

Andy, my full service broker called me today. There must be something about having an unused margin facility that makes these guys nervous ;). Anyhow he gave good spiel so I thought I’d give it a go.

Andy’s 5 good reasons to buy BHP under $10.00

  • Market should be up – Microsoft released a ripper result overnight
  • Spread of BHP and to BHP-Billiton suggests BHP has upside
  • The ADR’s had good night
  • Charts point to a break out through 9.80 with a target of 10.20 (maybe upto 10.60)
  • Moody’s lifted its rating for some of the BHP group
  • Following brokers tips is not the way to riches, but if you don’t take some of their tips they might stop calling. Not necessarily a bad thing that – but I don’t trade full time so things that save me time are good.

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