Vale?

[ken-do-nim]

(12-31-2021, 12:42 PM)fenders53 Wrote: Ken, I've said this until you must be tired of hearing it but you can only hold commodities/ materials stocks long-term if your buy very near the bottom when nobody wants them, and it looks like dividends will be zero and solvency is not assured.  I suspect you  did a FOMO on the spike when VALE was handing out ridiculous dividends.  They do that when they can to reward shareholders (as they should).  Informed shareholders know they if they don't trade they will ride it sideways or down for 3-5 year periods.  Most bail and it gets very ugly.  There is no telling where metals are going this year.  Oil looks good for awhile but even there you have to be nimble because the bottom was clearly last year.  The oil story could change in a year or less.  You always need to look backwards on the charts because the story repeats itself since forever.  Give it some time and most commodities will be depressed until the next up cycle which will more than likely be years.

It was a cautious FOMO 

25 shares of VALE "watch" position.  Larger position in RIO, though half of what I had at the height.  Hopefully both bought near the bottom but time will tell, agreed.