S32 only shows why you would not want to Buy and Hold a cyclical...

S32 only shows why you would not want to Buy and Hold a cyclical stock.

..if you held S32 since July 2018, (ex-div) you would still be down almost -16%.

6 years holding and you're down -16%. Think about it. And it is not even a small cap or a BS company!

..do you see a mini X-mas tree there?

All time view
S32 Stock Price and Chart — ASX:S32 — TradingView

Never mind that it is ASX largest silver producer. No one will see it as a silver company but a metals company: zinc, lead, nickel. aluminium, coal, copper.