FXI from 116 to 99

[S2007S]

what a drop this ETF has had, one of the biggest winners of 2006 is now looking like a big loser..


http://finance.yahoo.com/charts#cha...ine;crosshair=on;logscale=on;source=undefined

 

[TorontoTrader2]

It is on my list. Looking to enter for short term trade if it drops to 96-97

 

[S2007S]

Quote from TorontoTrader2:

It is on my list. Looking to enter for short term trade if it drops to 96-97

The sudden drop was expected, however where it finds a bottom is anyones guess. I think for a short term bounce mid 90's may be a good buy however longer term this could drop down to the low to mid 80's.

 

[Longhorns]

Check our GCH. Much bigger drop on a % basis.