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BHP $38.11 premarket today--Panic fear hits Chinese markets.Been busy in other parts of this market so when I saw BHP at $38.11 I thought it had split two for one. Hey it looked that way to me. So I was surprise to !1) see that this was a drop off into the current price ... and (2) Any time a long term investor bought this stock... any time in the last five years.... you now have a lost... probably 50% lost to 70%. OUCH. ! So little forest creatures... is not the time to plan to buy on a monthly or quarterly basis? Has the China economic slump been factored into the stock already? Is this a bargain of a life time... or will tomorrow is a cheaper price? Or worse yet are we in for an ever lower price with a long flat line bottom building process that lasts for years? Or will we see the classic V shape recovery? I have some shares (bought at a higher price of course) that has the dividends reinvested but I might consider adding some more money to this pot. But for the time being I continue to take my monthly revenue and seek out the beaten down oil patch stocks, good quality high yielding reins, and some sellect shipping and container stocks. For the time being that hundred or so stocks sops up all my money and demands some more from my poor piggy bank who never seems to be fat enough for my "Want to Buy" List. Comments welcomed ***PinewoodsBear*** |
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