darylrs > Blogs

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5 Day 4.58%
15 Day 14.06%
1 Month 23.71%
3 Month 83.50%
6 Month 30.11%
As of: 12/02/08

Member since: Jun 07

December 21, 2007

Just noticed my entries from November and December have disappeared. A week ago or so I was thinking over hedging out China from my retirement accounts by buying the FXP ultrashort China ETF. Not sure I'm ready to get that fancy with important money. Annoyed that my blogs on the topic are gone, because I had worked out China percentages of International and emerging market holdings. Currently buying Jan DIA Calls betting on a rally. Bought GS for the 401K at 202 and sold off VB to lighted up on small caps for now. Only about 6% cash at this point.

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mikebmassey

Member since: Mar 06

Trades Not Shared
Trade Notes 0
Blog Posts 9
Analyst
Age: 20's
Fort Lauderdale, FL UNITED STATES
mikebmassey
Daryl,

Your blogs are not lost! They will be imported in the next 24 hours. Sorry for the confusion.

Be good,
Mike

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JasonW

Member since: May 07

Trades 804
Trade Notes 5
Blog Posts 1
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Age: 20's
Rio de Janeiro, RJ
JasonW
I use to like China stocks. I was keeping very good records. I was using like 20% CACFX (AIM CHINA) long, and day trading brazilian stocks. After months with good records (not losing more than 3 days in a month, I thought; CACFX is doing slightly better in long run, so I bought 100% (yes I know about diversifying) in last day of October and hoped to do some courses about economy and stocks. 1st Nov - CACFX goes from 28.28 to 27.08 ! Oh Hell I thought. I knew a rebound was going to happen next day, so I was "less" worried. 2nd Nov - CACFX goes to 27.32 - Not much, but I thought; Hope in next days goes better. 3rd Nov - CACFX 27.32 to 25.67 - I felt like buying a ticket and killing Samantha Ho (the fund administrator). Even with a very likely possible bounce next day I just wanted to sell ALL ASAP. 4th Nov - Goes to 26.28 (I still was with trauma and could not trade since I was waiting for the fund to liquidate. They charged me like 1000 u$$ for liquidating in less than a month and I lost like 12% in 4 days! Days to follow I was making like 160u$$ a day till December and CACFX is less than 22 a share! China stocks seems very good when markets are calm. In volatile times they simply kill you. I don't know how inflation and a possible recession will affect US, but I don't trust China stocks anymore and prefer to trade brazilian stocks, which gave me best records. Good luck Jason
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