No. of Recommendations: 1
Hello compscidude,

"P103: Accordingly, this morning, I bought positions in both BHP Billiton (BLT) and Antofagasta (ANTO) at 821p and 502p respectively, to which I will add on subsequent significant share price weakness should the above thesis prove incorrect."

The price went down to 727p in early April, rose to 997p in late April, and has subsequently fallen to 807p.

Certainly there has been considerable volatility in the miners.

As you show, I am currently slightly underwater on my BHP Billiton (BLT) purchase of 21st March. So not much change there.

On the other hand, the Antofagasta (ANTO) 21st March purchase at 502p had declined 19% to 410p on the 10th May at which point I topped up. Currently, Antofagasta (ANTO) trades at 415p.

Yes, I still believe miners have truly bottomed. But I am now a little overweight in miners and would sell some upon significant price appreciation. I am really looking two or three years hence.

I have not really taken advantage of the volatility in trades though.


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