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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: lisalisalisa who wrote (146061)9/12/2008 1:42:13 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
I bought a full position in FAX yesterday at 5.12, which should tell you how I feel about it.....<G>

Typically it gets slammed hard once or twice a year. You load up on it then, let it get out of the hole and then unload. At 8% I can hang on for awhile. Australia makes mistakes, but they're not going away any time soon......<G>

FXA looks pretty good here, too. As does FXE and FXF. All IMHO, and I'm a TERRIBLE currency trader!<NG>



To: lisalisalisa who wrote (146061)9/12/2008 4:03:44 PM
From: Elroy JetsonRespond to of 306849
 
Bear in mind that FAX is not very Australian. The risks are emerging market which doesn't fare well in a liquidity panic.

Message 24942855
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