Question for Austrialians about BHP

Any Australians on this site?

I bought stock in BHP a year ago and it has done very well. BHP mines
gold, copper, uranium, etc and sells it to China.

Any insight on how the company is doing? Should I sell it or buy more stock?

Thank you

Stewart,

Go the the Australian Stock Exchange website
http://www.asx.com.au

And do your research. No-one but you knows if YOU should sell. Because only YOU will know if the company is doing well for Your Purposes.

Remember to check out Google News for anything about the company in the news as well.

Michael Ross

Let me add something about the Stockmarket in general down here.

The Reserve Bank has Increased "Official Interest Rates" five times in a row and, it would appear, will do so again at the next review.

Some people are now forced to pay an additional $33 a month on their mortgage and are doing it tough - of course, that they stretched themselves that tight is their own fault. But they won't look at it that way.

Anyway. Mom and Pop Real Estate Investor will not like such rises in interest and - in my non-financial advisor Opinion - will put their money into the stock market instead. So we Could see a General Increase in Stock Prices.

Are they inflated now? Dien? Thomas? I have no idea, I don't follow it/them.

But according to the fellow whose name escapes me - and I cannot be bothered to double check the archives to find out - he reckons that going by Birth Data the stock market should start going Down around 2008 as Boomers begin Cashing Out and Retiring. Of course, if they don't retire than that won't happen, or happen so soon.

So there's a couple of other things to think about - loan interest rates and retiring boomers.

Michael Ross
www.hotsheets.info

Years ago... We'd have to live in Australia...

Some good reading... Opinions maybe But it's always Best to Do your research & homework...

http://www.bhpbilliton.com/bb/home.jsp
http://bhp.bloggingstocks.com/
http://www.stockhouse.com/news/news....=5556803&tick=

http://search.bloomberg.com/search?q...wnews&filter=p

http://news.google.com/news?hl=en&ie...nG=Search+News

Phil

I was concerned about BHP when it went down to $55, but now it's up to $84.

BHP is a great Australian company that mines gold, uranium, iron ore, etc
and sells it to China.

BHP is also a bet against the US dollar. As the Federal Reserve inflates the money
supply, the dollar declines and commodities rise in value.

Every stock with the word "China" is rising rapidly now.
ACH China Aluminum
PTR PetroChina
CHL China Mobile