Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (33730)	4/23/2008 5:28:43 PM
From: KyrosL	Read Replies (1) \| Respond to of 218642

FXP is pretty inefficient and will lose money, even if the underlying index (FXI) moves in your favor (drops), if you hold for too long. For example, since the beginning of the year, FXI dropped 6%, and FXP dropped even more, 18%. One would have expected FXP to rise 12%.

To: microhoogle! who wrote (33730)	4/23/2008 11:17:56 PM
From: TobagoJack	Respond to of 218642

yes, i have my fxp that was bought once, never issued short puts on them, have not added long same, as i had done both with srs it was and is meant to hedge my shenhua energy which was added to have also not added ultrashort russell2000, and oil/gas given the china factory closure rates, the engineered china mkt fall can soon be re-engineered into a china mkt rise, but a global fall will most assuredly impact china, especially the hot money in liquid counters imo, the problem is with usa and europe, but china cannot possibly escape splash when the pain starts on the longs, and when biz get impacted, i will need to be cheered by something, anything, and so fxp will do for now, as stated earlier, am happy with overall position, defined as i can sleep well however, an obsevation, fxp is not reflective of conditions in china, imo, and so its use must be tempered. chugs, tj