china in blowoff top

There is a short term top coming in FXI and PTR, might see another 25-50 points on PTR and another 15-25 on FXI but when its time for that quick sell off both will give up 25% in a few days.

Im in around 258 and will add more IF it gets above 300 on PTR, not worried, I have seen these type of stocks correct 30% in a few days. I would get bullish on these after a really nice correction.
 
Quote from S2007S:

There is a short term top coming in FXI and PTR, might see another 25-50 points on PTR and another 15-25 on FXI but when its time for that quick sell off both will give up 25% in a few days.

Im in around 258 and will add more IF it gets above 300 on PTR, not worried, I have seen these type of stocks correct 30% in a few days. I would get bullish on these after a really nice correction.
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I shorted FXI too today. Just a little bit :) will see what happens
 
Buying far out deep OTM puts on these explosive upward moves is a lot less risky than outright shorting into them and adding to positions that might go against you (a lot). Just my 2 cents, good trading everyone.
 
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