BHP 0.00% $38.60 bhp group limited

bhp....what to do...what to do...what to do

  1. 35 Posts.
    having gone long bhp back in dec at 43, and rode thru the jate jan carnage (would prefer not to go thru THAT again!) my options are
    1. just hold and ride out the next down wave (if and when)
    2. just sell and wait for another opp at 31-32...this would incur a substantial loss...not pretty
    3. short RIO in the meantime as they should theoretically balance themselves out until there is a clear indication things are getting better eg bhp closes over 40 for a start!
    4. buy a put option on bhp for $32 or similar as some insurance and ,if it goes to 32 sell puts and buy some more bhp
    5. dunno
    treggs,hedgie,volt,virginiak,jaolsa,bigrob etc....i really enjoy learning thru your posts.....any ideas would be appreciated as i have NFI
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