Playing with cyclicalsIt appears that the best time to buy a cyclical is when they loose money so you invest at the bottom of the cycle. And sell when they are making money before the fall. This is why they can be so cheap at peak.
Geodrill is making money but what the heck, MDI (lets see thursay) and OGD are loosing money and FAR is almost break even. Looking at the drillers share price and the latest GEO share price drop, once coudl infer that the market is forecasting a downturn.
So are we at the beginning of the cycle (super cycle if some are to be believed) or close to the end ? My bet is on the begining but sure is frustrating sometimes.
GLTA