Morning all. Agreed @ewop123 but as @brotherprinter mentioned, the ratio has been higher so the possibility of it going higher is very plausible. Look at this chart and see if you think the ratio has any further to run?
That extreme back in 2020 reached over 126x. We have just had a 4 month horizontal channel with a clear break out to the high side so imho this could go further yet. This is not something I wanted to see as my holding in usl should make clear but it could very well be a fact.
A consolation could be that when we reverse, we do so in a very dramatic way. My belief is that this scenario is a very short term event so watch out for the whiplash as we have seen that before, (after such extremes). I think there is a little more pain yet but our time is coming.
The humorous side of this is, There is a saying, "The definition of Insanity is doing the same thing and expecting different results".
Aren't we doing exactly that when we hold and expect different result? Haha, I must be insane then because I am not going anywhere yet. imho the FA is too compelling for a different outcome to unfold.
Kind regards, Wack.
USL Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
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