Archive for February, 2009

FXI - Open Position

Friday, February 6th, 2009

Yesterday I initiated a position in FXI (China ETF).  I have done this as China is showing good relative strength compared to our markets.  While the economic numbers from China are of questionable integrity, their own stimulus package may help take them from the bottom.  This position is way below ...

BAC - Open Position

Friday, February 6th, 2009

While I have been trying to stay away from the banks, I decided that I would initiate a position in Bank of America today.  Over the past 2 days, it has plummeted to a low of 3.77 on tremendous volume.  With the news about BAC maybe being "forced" to buy ...