Donald Horne originally wanted to publish his 1964 book, "The Lucky Country" with a question mark: "The Lucky Country?" I have felt the same about the title of this post: "Bullish BHP?"
After steadily climbing over several months to a new 52-week high of $65.98 on 17 June 2026, BHP's shares started dropping and dropping and dropping. Instead of selling at or near their 52-week high, I hung on, hoping each fall would be the last, all the way to Thursday's $56.87.
On Friday they began to recover, with two more small lifts to today's $58.71. Now, CommSec's daily market report suggests that "the stock price may rise from the close of 58.71 to the range of 67.00 - 69.00".
"Bullish BHP" or "Bullish BHP?" If CommSec is right and BHP shares get back to their former 52-week high of $65.98, I won't make the same mistake and hang on for a few more cents or dollars. I will sell out!
