First post on [CUBA]

This is my first post on ticker CUBA (The Herzfeld Caribbean Basin Fund Inc.) whose goal is "long-term capital appreciation.  To achieve its objective, the Fund invests in issuers that are likely, in the Advisor's view, to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela".

I've been looking for things that would eventually benefit from normalization of ties between the US and Cuba under the Obama administration (one of the very few things that I applaud from this El Presidente of ours) and of course the news cannot be relied upon for market timing.  Sometimes the stocks move up on big news and sometimes it's just a countertrend rally.  You need an EW count to know which is which with any certainty at all.

Case in point: one would have thought this fund would be in the stratosphere given the news in late 2014 about the thawing of relations with Cuba but that caused only momentary euphoria and now the fund trades at a lower low than back then.  If you bought that peak you are down well over 50%.  Lesson learned about buying stocks based on news alone, huh?  I mean, wasn't that thawing of relations a major fundamental change??  Again, proof positive that TRUE fundamentals are unknown and unknowable.

It is not certain that 5 of C of red 2 is complete yet but we are very close IMO and we are starting to get more news that could work in favor of the beginning of a 3rd of 3rd count.  There are a lot of people who would like to visit Cuba given how close it is to the US, how much of a party spot it was back in the Batista reign and how many Cuban Americans there are now.  Supporting the influx, including tourism and simply people moving back there in retirement, will drive a lot of investment in this long-ignored island nation.