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Well it looks cheap, I'll give ya that. I'd wait to see if it holds support.
T sure looks attractive at this level.
Maybe I should be looking at something American that pays a good dividend?
I'd like to see a multiple of 13, or 15.
Growth is slow. They aren't really shrinking. A P/E is for shrinking companies.
I'd feel better if it got above $16.76
I like the way she moves.
Busted through the 50 Day on a bad day in Japan.
My Chilean fund require two much time to keep happy.
You mean you didn't load up on the bloodbath? LOL.
Good question. Serious decision here.
Will it be the defensive Yen play? IDK?
Watch out for that 50 day MA.
When is this one gonna move?
BCF.....
Up, up, up.
Day after day.
I didn't catch the bottom.
Chile Fund is making a great recovery.
I wish I had been braver at the bottom.
What criteria do they rate them on?
The customer service seems friendly enough.
It was a MEH for the entire company. Can you say overrated?
I thought you expressing dissatisfaction with their performance.
I suppose you are disinterested because they are just standard fare in the world of great investment management?
Did you not hear me meh?
They sure missed in '08, but check out the long term from the sixties.
Meh I say to Vanguard! MEH! MEH!
I do prefer a managed fund to an ETF, but finding the right management is difficult.
I tend to spread it around, and pick a few ETF's for specialized purposes, like Australia, Russia, and Chile.
My Japanese was concentrated in JOF, and Korea is in KEF. Both are managed by Nomura.
We have a large VWNEX holding.
But if I wasn't trading them, you wouldn't notice the points I was skimming off.
Especially the double and triple shorts. They don't mirror at all, even though they're supposed to. I was dumb and bought SDS long ago. It definitely didn't do what it was claimed it would.
I noticed it in some of them. Some of them are actually desinged to "mirror the daily movement." The fractions of misses add up over time.
Well, here's an experiment for you. Pick out the index of your choosing. Now find the ETF that's supposed to mirror it. See if it does. What you'll notice is skimming off the top.
I would think they are a vehicle for hedge fund usage. Not the actual fund.
You buy the basket, and short out the losers, or short the basket and own the winners.
I'd love to hear Buffet's views on ETF's. I think most of them are just hedge funds in drag
I am playing some foreign country funds. EWA is Australia. RSX is Russia. Both countries economies are heavily dependent on materials, AFAIK. I took profits on the last run up, so my "consolidated cost" is actually much lower.
I think Chile is also a "materials" country, and I just got my feet wet. I also got some EEM, along the same theoretical path.
BCF is "natural resources," and KOL is what it sounds like.
On my recent entries. I'm stuck big on all of them, but it sure feels good to see a turn.
Warren Buffet once said that you should buy index funds, and just hold them. Maybe he meant the S&P?
I certainly don't see it.
Looks like we're swimming now.
Almost all of my materials plays are up 2% today.
I have done that, and I might do it again. I just need to build my confidence a bit. The current strategy is mostly based on the basic materials, but I should have been short the S&P over the last few days.
I didn't want to tell you, but I sold TRN a few days before the peak. Not much uses for trains ans ships until materials recover.
Their numbers still look good, but I am out for now. I wish I could get behind DCM's numbers. It's more of a leftover from when I was long Nikkei stocks in 2012. Sold most of my Japanese in 2013.
I've been playing Russia and Australia for materials, mostly.
Might not be the best strategy. Global economies haven't been recovering as well as their markets. Japan, is the prime example.
The players are simply working the formula of FED easing, and the economy is dragging it's feet.
If the economy gets serious, the price of material should rise. Until it does, we're really not in an economic recovery. We're just treading water.
I hear ya. I don't short stocks either, but you can buy puts or double short ETFs.
I get totally confused by you sometimes.
FWIW, you don't need to short any more. Now there are ETF's to do everything.
FWIW, had you shorted and not wasted your money here, you'd be up even more.
No. I don't short, but if you had shorted the Nikkei, and Hedged it with DCM, you would be up 2% today.
Did you say to short those?
My reason for buying it, was because it is making money in the wireless business, and has a very low PE, not to mention one of the largest customer bases in the space. Any change in those reasons?
BTW, go back a few days, and note my post about hedging your dollar verses the YEN.
Our dividends are going up. The Japanese are getting the same number. The Dollar started to fall, and the world is jumping up and cheering. Look at EWA, RSX, and even ECH.
This stock is moving the wrong way, because it's Japanese.
That is true, however, I'm a firm believer in not getting married to stocks. As a very smart man once told me, "if the reason for buying a stock has changed, so should your reason for holding it".
You see it all the time, sure, but 99% of the time you see it is on a penny stock board.
Man I see this quote all the time, and it's probably the worst outlook you can take.
I could use a pair of Kicking myself shoes.
I wanted to lighten up a few days ago. Just a trading strategy that I occasionally use. I also suspected that Japan couldn't hold their gains, but I still count this one as defensive and long term.
Guess I should have taken my own advice.
Ok, so I re-read your post, for the sake of semantics.
You said; "not good" and I interpreted that as "bad."
My text filter does that sometimes.
I suppose we speak a different language.
I thought you were saying that the drop indicated a bad report. Profits actually increased.
OTOH, the market rarely appreciates flat revenues.
No. We were discussing whether or not a price drop before the earnings was released was a precursor of what was to come. I said the news would be poor. Did you forget the entire conversation?
It certainly wasn't anymore exciting than previous results.
I am slightly dissapointed that they didn't blow the roof off.
Is that what you meant?
So my prediction of a disappointing report?
OTOH, it might be a surprise that they started selling iPhones, and didn't take a big hit. Maybe the Japanese aren't accustomed to getting them darn near free with a long contract.
Yeah, pretty modest. No surprises either way.
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