Sure it depends on your starting point. From which you might conclude that it needs to be traded like any other stock, and not just bought and held on faith.Fact is, after the peak on 9/18/2008, it has lost 14.25%, whereas SPY has gained 2.86%. For the last 3 months, it has very closely tracked SPY, and has currently lost a little bit less than SPY. Is it a buy now? Probably, since the chart looks moderately good. Just holding it forever, however, is a bit dicey, unless you do not mind the entirely avoidable loss of 14.25% of your position.
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