I hope everybody is on the UAN train. Sure wish I was :-) And was close to reconsidering my earlier stance: “I am too late to this party” for a moment, on this one and RFP. But judging from earlier history, both mine and that of many others, and from basic human psychology, I decided that this impulse was probably a sign of it being just the time to refrain. Doesn’t mean that it won’t be a good buy for 2021/2022/2025, just that almost every time that I fall for the temptation of buying mainly because I can’t stand being on the sidelines, it has been followed by a decline of various length and depth (although usually quite substantial). However my investment history is very very short so WTHDIK. My 1 cents is that a better opportunity will present itself the coming weeks/months. (Although I said the same about MAC, which I just got into this week after being (too) stubborn for almost half a year, and with recent price movements, who can really tell anymore...)
Might be different for commodity stocks though. Commodities, like currencies, usually have longer trends (at least, that seems to be the commonly held opinion); maybe it’s the same with stocks that are heavily reliant on the prices of those commodities.
Corn, soy futures hit daily limit
À propos of (almost) nothing: isn’t it quite strange that futures still have ‘limits’? What is the reasoning for that?
(Same as for when stocks rally overly much for no obvs reason?) |
