commodities, interesting read, page-35

My point is in response to comments like this:

'Don't be ludicrous. What would you say about the consensus that was bullish at $12. I would say they made a mistake.'

Does the fact that people bought CBH at 60c make it not worth buying now? I don't know CBH but I would say that is no reason to write it off, just like the $12 FMG hit.

Each of these companies may be worth a lot more than these record highs one day.

I do agree, if you follow the consensus, you may not be doing any homework, and if you dont do any homework, you generally lose, as I have experienced myself.