The FXP gets the job done
Source: http://thestockmasters.com/FXP-090408.HTMLPosted on Thursday, September 4th, 2008 | In China, Market Commentary
Back on Aug 2nd the Masters wrote - Profit from the fall of China’s stocks: The FXP talking up the UltraShort FTSE/Xinhua China 25 ProShares (AMEX:FXP). Since that time the FXP has moved up 30%. Mastery in Full Effect with a Bruce Leek kick to the Man.
Yet another reason to pony up the $9 for a 12 issue subscription to Master Picks Newsletter.
But back to the FXP, today is up 7% while the market craps itself:
Shanghai stocks have plunged more than 50 percent in the past year, the poorest performing equities market in a major economy, as Chinese shares have been hurt by disappointing earnings results among other factors.
Markets were briefly buoyed late last month when JP Morgan’s chief China economist Frank Gong said in a report the Chinese leadership was considering a major economic fiscal and monetary stimulus package, but there has been no official confirmation of the plan.
So how long can the slide continue?
Tough call, but with the gloom and doom outlook on everything, why not bank a little coin until the uptrend starts up again?
Last 5 posts by Stockmasters Staff
- Short Sector ETFs: Hell to the No - December 24th, 2008
- Oracle Proves they are Still the One (ORCL) - December 18th, 2008
- How low can Oil Go? OPEC Worried - December 17th, 2008
- Oil under $50 - Buy the Airline Stocks (JBLU, DAL) - December 2nd, 2008
- The Six Unknowns That Are Roiling the Stock Market - November 17th, 2008
Bruce Leek, China, China, Frank Gong, JP-Morgan, Market Commentary, shanghai, USD, Xinhua China
The Stockmasters are a group of individuals dedicated to profiting from the stock market by use of experience, research, and market analysis. We analyze market trends, use technical analysis and apply our expertise to identify market changes before they happen.
We now are featured by Google Finance & Google News and our articles are read by thousands of people on a daily basis (review our traffic statistics via Quantcast.com). The Stockmasters Team consists of accomplished financial advisors and day traders, this allows us a competitive edge and broad viewpoint that is needed to understand today's volatile stock market. Today's investor must react quickly and make decisions that protect their investments, our content informs subscribers to buy/sell short or long positions before the market dictates the result.
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.