Of course not!
China Mobile, China Life, etc....they are all going lower. I am starting to nibble a little at FXP (25% of my 20% overall position) because we will see the FXP print $100 again.
Monday, November 24, 2008
Building my 20% short position with FXP...
The 2x inverse of the FXI (Chinese ETF) just went from 183 on Oct 27th to 64.50 as of today. FXP is now sitting near a 52 week low! Does this mean the impending Global economic slowdown/collapse is over?
Of course not!
China Mobile, China Life, etc....they are all going lower. I am starting to nibble a little at FXP (25% of my 20% overall position) because we will see the FXP print $100 again.
Of course not!
China Mobile, China Life, etc....they are all going lower. I am starting to nibble a little at FXP (25% of my 20% overall position) because we will see the FXP print $100 again.
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