Mongy, let’s touch base a year from now and we’ll see who has made a prudent investment. I’m not a short term player as capital gain tax is not part of my strategy. You may make some small gains playing the short game, but I’d suggest a casino is more likely the place you’ll be successful. My strategy is to look at the long term potential and ignore the noise. SXY is one of the best plays in the energy sector so I’m holding long and strong and accumulating on the dips. Good luck to you with your strategy of analysing all the blood and dips, but the overall trajectory for SXY is extremely positive, so I’ll stay my course.
When we hit $1.00 I’ll happily treat to a beer or 20 to enjoy the end game, which is not a techie analysis, but a solid investment strategy.
Try and look at the long term potential and you’ll retire a wealthy man like me. Go SXY!!!
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