as a non holder, the main reasons i havent bought SXY (yet) are the current down trend and general softness in global markets.
SXY appears to be a very solid company, but there's no real reason it cant continue to trade at current levels for quite some time, or even go lower still.
i'll continue to sit on the sidelines for now, which is usually a good sign that i'll miss the first positive moves in the share price.
good luck long termers.
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