RHD,
I have been burned (short term with TBR) I should have played it like TLK. on a stock going on a down trend, the only way to play it long, is to trade it very short term. TLK is good based on its dramatic changes due to its low price. & there is a lot of arbitrage trading in it. Long term TLK p/e is more than 3 times TBR, but given its low price, I do not believe it will go down as much as TBR. TLK is good for 1/4 point changes, unless you hold long term, believe me these telcoms will come back, unless these countries dissapear. I no longer hold emerging markets funds. These funds are so diversified that they hold stocks on many companies that will go bankrupt & disapear. It is better to concentrate on the country's best (telcom). TBR is so cheap,
it is wonderful opportunity to double or triple your money or even 5 x your investment, if you are patient enough. In CNBC this morning, Faber just said that TBR is trading at 2x earnings !!
techs are up today, will they sell of this morning ? or will they pull the market up ?
Good luck.
|
