RE:RE:Why would you sell....guys i have been invested in copper stocks since early 2016. i saw them move up over 100% and then fall back wayy down.. i have gone through ups and downs.
I built a pretty decent position relative to my overall portfolio. I personally use asset allocation to make sure i dont fall in love with any stock and trim it in strength and buy in weakness... i have been left holding the bag in the past toooooo many times to count and the pain it causes.
I would rather make less overall profit than go up and all the way back down with a stock. All commodities are cyclical. The move up is as fast and furious as the move down.
Profit is a profit and no one got broke taking one.
while i respect everyones opinion i want to take emotions out of my portfolio management and asset allocation allows me to do that. i still continue to hold more than my original allocation to copper which was roughly 17% and now its 20%. I will maintain it between 15-20% as i am beleiver in electification of the world.
Anyways GLTA! i continue to hold 6.5% allocation to CS and will maintain it roughly there.