WealthEsteem.org Psychology of the Deal

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.