It seems many prefer a short term approach - which is fine if that is your strategy - if you wanted a quick profit and there is nothing wrong in that - though I guess it needs to be done with good timing & tight stops.
For the longer term holder I think little has changed - except that ULT is further along the path to profitabilty than it was a year ago but at Xmas it seems the pressure is more on selling than buying. The spread certainly hasn't encouraged buying. I suspect we'll be above this level this time next year.