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Shanghai Composite cratered nicely


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#1 A-ha

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Posted 31 January 2007 - 05:01 AM

5 am in NY, the first thing i see is another Slamma Jamma situation ... and our twin Hang Seng doesnt look pretty either ... preview of what is coming next? I wonder how sweet it would look if one buys the intraday dips all the way down on a day SPX plunges %5 .... I assume if it happens we would need more than a Slamma Jamma to put the things in a perspective :lol:

Edited by xD&Cox, 31 January 2007 - 05:08 AM.


#2 greenie

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Posted 31 January 2007 - 07:18 AM

Posted Image

(today's 1% down not included)

Edited by greenie, 31 January 2007 - 07:18 AM.

It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#3 A-ha

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Posted 31 January 2007 - 07:30 AM

Looks like another potential one. I see lots of them lately. Is there a tracking ETF trading in US? IFN doesnt look like tracking...

Edited by xD&Cox, 31 January 2007 - 07:35 AM.


#4 greenie

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Posted 31 January 2007 - 08:47 AM

Looks like another potential one. I see lots of them lately.
Is there a tracking ETF trading in US?
IFN doesnt look like tracking...


I do not know any. IFN does not track any more. Most components of BSE30 trade in NYSE as individual ADRs, but when I tried to short them in May, my broker did not allow it. One of them is component of NDX - infosys (forgot the ticker, check frac_man's blog).



Added.

Ok, here are some components traded as ADR.

TTM (largest car company), RDY (biotech 'giant'), IBN (ICICI bank), INFY (software).
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#5 jawndissedi

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Posted 31 January 2007 - 09:02 AM

Looks like another potential one. I see lots of them lately.
Is there a tracking ETF trading in US?
IFN doesnt look like tracking...

Very funny avatar! :lol:

You might want to look at EEM. I took a small short position after it failed at 116.5. It looks like the 50dma may not hold today:

Posted Image

Edited by jawndissedi, 31 January 2007 - 09:03 AM.

Da nile is more than a river in Egypt.

#6 rishi

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Posted 31 January 2007 - 11:43 AM

INP is the new tracking ETF for India Sensex Index. came out last month.

#7 vitaminm

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Posted 31 January 2007 - 11:45 AM

ETF on BSE SENSEX lists on Hong Kong Stock Exchange

http://www.equitybul...det.asp?id=4203
vitaminm