Absolutely right BB. That's why (amongst other things) it is on the chart of 16 "potential buying opportunities" on the 'Market Perspective' thread.
Just because it is in a long-term uptrend doesn't necessarily mean that it is best to simply "Buy and Hold" though. While, overall, NZO has been an out-performing stock, it has also gone nowhere for years at a time on the way up. The idea is to be in when it is going up and out when it is going sideways or down. They call it "active investing".