Monday

Exit China H-Shares

Post a Comment February 2, 2009 – 4:19 am |   | Permalink |  Print This Post |

TheInflationist closed our China H-Shares position at 7000. We have enough riding on Australia and Dow Jones. China provides a wild/leveraged ride if one is fairly certain (if there is such a thing) of a direction. Given the mixed signals, we opt to be conservative. Capital protection is key and we are NOT planning to give back our profits that easily. We also closed half our position in Australia 200 ($5/point) at 3500 before market closed. We look to re-establish our long positions if it falls back down to 3450 or higher if Dow starts making a move up.

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