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.
Thursday, April 9, 2009
Russia is the Easiest Money Ever!
http://thecreativedestructionist.blogspot.com/2009/02/speculative-long-russia.html
Right on call. This was the easiest trade ever. $11 a share on Feb, 4th. $17.45.
There you go.
1) Panics create excellent trading opportunities on the long side.
2)Buy a market that is down 80% in a swan dive , but after it has based . . . unless the world is ending.
3) technicals combined with fundamentals worked. Fundamentally Russian equities were only 15% of GDP. Technically they had established a base, and were massively oversold.
The market gives plenty of opportunities, but one must be ready!
Right on call. This was the easiest trade ever. $11 a share on Feb, 4th. $17.45.
There you go.
1) Panics create excellent trading opportunities on the long side.
2)Buy a market that is down 80% in a swan dive , but after it has based . . . unless the world is ending.
3) technicals combined with fundamentals worked. Fundamentally Russian equities were only 15% of GDP. Technically they had established a base, and were massively oversold.
The market gives plenty of opportunities, but one must be ready!
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