Yeah U will do your head in.
Have an investment group, like any population sample, 20% know what they're doing and balance just trying the best they can, God bless em
The group have been discussing U for last couple of years and of the same opinion, this is a generational bull market but nothing happens quickly with U, the leadtimes incredibly long.
Groups strategy is small $ investment component (LT hold) and large $ trading off support, the latter as is a sector that is open to a high degree of passive investment (ETF's), a sign that no one really knows what's going on
Our LT holds are BOE & SLX and we trade the ETF's on a contrarian basis off support as they are making a defined series of higher lows over a long time.
Philosophy being sector could return a good return over an extended time but if greedy you could stuff it up big time, so small LT exposure (easy on the emotions) and larger periodic trading exposure for income.
Waiting for share dilution to work it's way through to add transparency with LOT, SLX the smokey, could be huge then again could be nothing, long time coming SLX you wouldn't want to hold your breath.
