I've had quite enough of Dines being uranium lemmings motivation for doing so much.
1.) I've way had it with his "I'm the original ___ [fill in the blank] bug" on friggin EVERYTHING! I'm sure he's the "original crap bug" who told me to go take a dump this morning. I guess the guy was born and said "buy everything" so that he could come back and say he said to buy it NO MATTER WHAT IT HAS DONE IN THE WAY OF DOWN CYCLES 7/OR TIME IT HAS TAKEN TO DO IT [see gold]. I've been a gold bug myself based upon dollar debasement, but I don't come in and say - or recommend anyone sit on blanket sector calls for years when jack is not happening to them. Fortunately I've only been moderately interested in gold [Vs uranium mega bull] for only the last ~ 3 years; and didn't sit on dead money at best waiting on moves. Besides uranium there's been a hell of a lot more cycles to play than buy and ignore, etc...
Speaking of fortunately.., I'VE NEVER SEEN A DINES ISSUE (aside from perhaps a glance at an open page when I walk by at a trade show) so he sure the hell never influenced me zip. And yet I go back many years [maybe I'm "the original uranium larvae", and then whomever was first must be "the original uranium protoplasm"!
2.) Meanwhile the guy has been as self-serving as they come about trading and taking positions in his recommendations. Not that people don't talk about what they own, heck, if you like it enough to talk about it you probably own it! But I think the disclosure element w/ Dines is WAY SHORT OF THE GAME HE PLAYS. [Again, not having seen his piece I don't know how much he discloses.., but what I have heard from the companies he has bought stock in it ain't much (note: that's a limited information value judgement of course)].
Everybody likes the surf when the tide comes in:
3.) That said, the risk is that when the sector gets hit and his lemming minions who buy solely based on his words panic the whole thing can crater much harder as there is way too many sellers VS buyers. Systemic sector risk. Something to be aware of IMHO. I just wish more of the sector more credibly thought for themselves. When the tide goes out unfortunately they will cost us all.
AI
