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BHP /AGL

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Hali
Super Contributor
Any views..prices starting to look tempting?
11 REPLIES 11
Galuc
Super Contributor
If you into catching sharp falling knives! Agl down 60% and Bil down 35% on the year respectively! What is the attraction?
Hali
Super Contributor
The knife has got to bounce once it hits the ground
Hali
Super Contributor
The knife has got to bounce once it hits the ground
SimonPB
Valued Contributor
or break ?
Hali
Super Contributor
Risk/reward.. Its not for the faint hearted that's for sure.. anyways I am in BIL.. Lets see how it goes
Hali
Super Contributor
AGM coming up tomorrow, lets hope they review there progressive dividend policy.. that should bring back sanity in this selloff
partridge
Super Contributor
well even halving the dividend ...at this price... AGL is starting (note starting) to look a buy - a bit below 90 ...? But that said - how long are you prepared to wait for a recovery? 2 years I reckon at the quickest...
Hali
Super Contributor
AGL is below its October 2001 CGT price... this drop is a buying opportunity in my humble opinion
Blik
Super Contributor
Why below 90? What is the significance of that value? why not 80, or 100?
SimonPB
Valued Contributor
hali are you buying this bottom draw investment or trading a derivative ??
an ABL went below its Oct 2001 CGT price and never stopped going
Hali
Super Contributor
I like the riskier trades so went long on BIL yesterday @ 188.. If it hits 200 am out..don't think the bounce will be sustained