FXI down 12 premarket
Started by
eminimee
, Oct 18 2007 07:36 AM
7 replies to this topic
#1
Posted 18 October 2007 - 07:36 AM
http://www.traders-t...showtopic=77646
I can see it at least filling that weekly gap..
http://stockcharts.c...4292&r=9854.png
I can see it at least filling that weekly gap..
http://stockcharts.c...4292&r=9854.png
#2
Posted 18 October 2007 - 07:58 AM
Tea,
This is how the emerging market investors will respond to market declines/losses.
1-4%
5%
10%
20% :yawn:
30%
40%
50%
60%
70%
80%
90%
100%
#3
Posted 18 October 2007 - 08:03 AM
NAV....that's classic!
...I'm also a little worried about Dennis with naked puts...I'm sure he's quick to dump or hedge....but it sounded like he had accumulated a large position
Edited by Teaparty, 18 October 2007 - 08:06 AM.
#4
Posted 18 October 2007 - 08:10 AM
Yep. Thius c ould be it for FXI for a while.
The normal pattern would be a very fast sharp drop, followed by a big rally almost to new highs, but not quite. Then decline.
I'm thinking of puting on a short position here.
Though I'd rather short the small cap chineese crap that ran up a lot lately.
Edited by ogm, 18 October 2007 - 08:11 AM.
#5
Posted 18 October 2007 - 08:20 AM
this is almost looking too perfect....a C=A is at 1546 and may coincide with cash open....3 down starting at 9:30?? perhaps...maybe...huh..huh?
#6
Posted 18 October 2007 - 09:01 AM
I am ok Tea. I don't have any FXI positions. I have some naked puts in SPX. I am not concerned.
Denleo
#7
Posted 18 October 2007 - 09:54 AM
I thought you were selling and collecting ndx naked puts in your posts....at several different times
#8
Posted 18 October 2007 - 09:57 AM
I have NDX too. But NDX is close to new highs. So those puts are basically worthless and expiring tomorrow. I already made good money on them.
Denleo