Apropos of my earlier comments on China
ProShares just announced a new ETF that targets double the inverse of the FXI. The UltraShort FTSE/Xinhua China 25 (ticker FXP) is slated to launch sometime in November – and should provide a wild ride for anyone tall enough and brave enough to get on this roller coaster.
Given that BIDU is trading up some 14 points as I type this, I have updated the optionsXpress Trading Patterns feature (“People Trading BIDU Also Traded…”) which I first posted about a month ago. Many of the names are the same; this also has the appearance of a who’s who of speculative momentum trading.
Finally, I am officially neutral going into tomorrow’s FOMC announcement, but whichever side you are playing, be sure to fasten your seatbelt and cut your losses before they run away from you.
playing it moderately short.
ReplyDeleteFinger on the trigger...any idea what time the announcement comes out?
Frankie
FOMC announcements are 2:15 ET
ReplyDeletechina up 600%..still has another 1400% to go before there's a bubble
ReplyDeleteget real, quit reading greeenspan
zee
There is just tooo much money to be made today,, to let it go unnoticed,,in the pm this morning
ReplyDeletei would not be far off if i picked a number like 5k,,,just in premarket!!??
happy trading