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Messages - gcr

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1006
Shares / Re: BHP Billiton
« on: April 25, 2013, 01:52:17 pm »
I too think BIL will recover but over time - have been buying these shares for last two weeks now - on the dips. Once the Hillside and other smelter issues are resolved their price should improve. If memory serves me correctly the RSA component of their business is less than 20% so if they close the smelters it will not harm them overly. I see the high for this share was just over R 309 so the price has pulled back considerably. I will continue to purchase on dips - after all it reduces my averaged pricing 

1007
So how many people are multiple entrants?

1008
This is a much more preferable competition in my mind than others - as this competition does not allow you to sell shares. However with the feature of adding R 100,000 per month the months of November and December could see the investor buying speculative shares as they only have 60 days or less to buy shares and then still try and make a profit out of it. This would appear to be an annual competition so maybe still work on the overall sum of R 1.2 million but spread the monthly increment over 10 months - so effectively making it R 120,000 per month. Thus by end October you have all your funds available and don't need to buy speculative shares in the last 2 months of the calendar year. Just a thought for consideration 

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