The kospi has doubled since it formed a double bottom in September 2001. But right now it is headed into some overhead resistance. I'm considering shorting some for a medium/long term trade (wide stop loss) and would appreciate any thoughts; especially from those traders in Asia with more intimate knowledge of this market. The trading vehicle would be a closed-end fund, by the way.
KOSPI up 100%!
- Thread starter Babak
- Start date
Hmm, I was considering taking a long position in EWY and hedging it with a short on SMH & WMH on the belief that Samsung & SK Telecom would outperform their brothers. Now you've got me doubting.
Regarding KF, are you aware of any website that offers good charting of the share price and NAV other than ETFConnect?
Regarding KF, are you aware of any website that offers good charting of the share price and NAV other than ETFConnect?
def,
its a bit frustrating that I was right but haven't gotten the 12-13% move that the kospi has made. Instead I've got KF which is just rolling around like a cat in catnip. Oh well, it could still give me something.
Does IB offer trading in the korean market? On the homepage it says access to 16 countries and 40 markets but I only count 7 (HK, Swiss, Germany, US, Australia, UK and France)
Anyway here is what I'm thinking/hoping might happen:
its a bit frustrating that I was right but haven't gotten the 12-13% move that the kospi has made. Instead I've got KF which is just rolling around like a cat in catnip. Oh well, it could still give me something.
Does IB offer trading in the korean market? On the homepage it says access to 16 countries and 40 markets but I only count 7 (HK, Swiss, Germany, US, Australia, UK and France)
Anyway here is what I'm thinking/hoping might happen:
def
Sponsor
If Korea wins the world cup all bets are off, you would not want to be short.....
The day you made the original posting I was talking to someone about the one trade we would make and we both thought Korea was due for a sell off. I felt strongly then but don't feel too strongly either way now (that could change on a moments notice). Too bad about the KF didn't follow suit.
As for IB: the access for all the countries on the site is available to institutional accounts. One by one additional access will be given on the cleared/retail side. As for Korea, I'm working on it. It will depend on a number of factors which I'm not at liberty to discuss at the moment.
The day you made the original posting I was talking to someone about the one trade we would make and we both thought Korea was due for a sell off. I felt strongly then but don't feel too strongly either way now (that could change on a moments notice). Too bad about the KF didn't follow suit.
As for IB: the access for all the countries on the site is available to institutional accounts. One by one additional access will be given on the cleared/retail side. As for Korea, I'm working on it. It will depend on a number of factors which I'm not at liberty to discuss at the moment.