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November 08, 2007



what are the basic principles of your trading system?

what does your trade station look like?

how do you prepare for each day?



deja-vu 1990 all over again.
In 1990 BHP made the fatal business mistake, selling Woodside Petroleum at the bottom of the oil cycle, simultaneously buying Magna Copper at the top of the metals cycle. And suffered for the next 5 years. Is this the same defect coming back to haunt them. Do they never learn. The takeover bid for RIO is at the "almost" top of the metals cycle. Again. Perhaps this one is so big it has the potential to destroy the company.

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