Thursday, April 9, 2009

Taiwan and Asia Etfs

Added to position yesterday. No new fundamental news. market has based and looks like it is going up.

http://finance.yahoo.com/q/bc?s=EWT&t=1y&l=on&z=m&q=l&c=

Technical resistance at 7 and 8$ was broken. $10 looks to be the next stop.

Use the etf EWT if you choose.

We find Taiwan fundamentally interesting given that we feel in the lnog term it will relink with China. Plus Taiwanese companies are the least levered in Asia. The ETF pays nearly 8% dividend. Even if they are cut in half, we can wait.

Singapore and Hong Kong can viewed in similar fashions.

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