RE: RE: RE: Like I said a few days earlier,... I do not disagree with what you are saying. We are looking at things in different time lines & at what may eventually happen. Trends change. People have different interpretation of indicators while predicting the future trend.
I try to be very realistic & never ignore the negatives & always look at worst possible case scenario. Markets can be very cruel & trends can take longer to reverse than one my expect. Look at Nat Gas I remember all the Gurus were saying that $6.00 was the bottom a screaming buy. We now know that N. Gas hit about $2.00
I focus lot more on the current situation, present quarter or next quarter for trend direction & possible reversal.
We may have a different approach towards investment & very different time horizons. I am very impatient type of a investor. My style of investment is very short term. Since 2000 have formed a trader mentality. I do not bother with mid or long term. Have stopped thinking that way. I just follow the current trend. These days my focus is very shorter I just look at stocks in terms of over bought or over sold. 20 ma., trading range overall market direction & current events.
My views are influenced by investment style as a short term trader.
At this time I see U prices in a declining trend. They were constant at about $52 for a long time. That was consolidation process. Then they kept slipping & did not even hold the double bottom at $49. Now at $47 if some analysts & executives of U companies says that the demand is picking up specially when UUU & CCO are holding extra inventory I do not buy it.
I am waiting for the quarter results of CCO & UUU to what is really happening.