FXI - China and market collapse

[Badger]

[ QUOTE ]
its was up 5% yesterday and closed down.

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My buddy seemed pretty happy with this. Apparently he doubled his month's earnings yesterday due to this.

[xxThe_Lebowskixx]

up 5.4% today. stock is crazzzzzy

[pureCra2z]

http://seekingalpha.com/article/49739-re...congress-begins

interesting article
sell monday and get in back later in the week? This is like trying to time the market. And the short term tax [img]/images/graemlins/frown.gif[/img]

[investormcgee]

I am loving FXI at the moment. What's not to love about a 33% gain over the last month.

OP, in my opinion you have a few choices on how to ease your anxiety about this.

1) The unsexy way... unload a part of your position now and take the profits. No shame in taking money off the table and putting to use in another area. Cut down your position by 25% or so to ease the worries a bit.

2) A stop or a trailing stop is a must for this ETF. With FXI being so crazy set a point that gives it room to move but also won't crush you if it crashes.

3) Ever try options? You might want to consider looking into some longer timeframed puts just to hedge your bet a little. Take a look at what is out there for the next few months as well as the Olympics(when are those anyway?)

[whyherro]

Probably not going to mess around with any options, I try and stay away from markets I don't understand as well as I would like. I think the right plan is to probably just hold off for a couple of months until long term gains click in and then sell off the position.

I don't think there is a ton of sense in unloading 25% of the position right now, between trading expenses and the unfavorable tax treating you have to implicitly assume a pretty monster dive in the stock to justify such a move.

[pureCra2z]

[ QUOTE ]
Probably not going to mess around with any options, I try and stay away from markets I don't understand as well as I would like. I think the right plan is to probably just hold off for a couple of months until long term gains click in and then sell off the position.

I don't think there is a ton of sense in unloading 25% of the position right now, between trading expenses and the unfavorable tax treating you have to implicitly assume a pretty monster dive in the stock to justify such a move.

[/ QUOTE ]

FWIW, I plan to hold on to FXI. (I currently have ~25% in it)

[Rolon]

I've wanted to invest in "china" for awhile now and just didn't know the correct vehicle. This seems to be it.

I am just super hesitant to put money in when the index is at a 52 week high. I think if it goes down at all monday I'm going to put money in first thing Tuesday morning. I want to see what happens with the peoples' meeting first.

[xxThe_Lebowskixx]

I sold FXI today.

[xxThe_Lebowskixx]

I just tried to short FXI and it says "Shares of this security are currently not available to short sell". Why?

[xxThe_Lebowskixx]

http://online.barrons.com/article/SB...s&ru=yahoo