Dr. Kris'  Instablog

Dr. Kris
Send Message
Dr. Kris hails from the land o' lakes, beer, bratwurst, and Bucky Badger. She traded in her cheese hat for a propeller beanie and has never looked back. She has two degrees from MIT because one just wasn't enough. Her life goal was to figure out the universe and having done that (at least to her... More
My company:
Stock Market Cook Book
My blog:
Stock Market Cook Book
  • Trade Of The Day: Diversify International Exposure With Egypt ($EGPT)  0 comments
    Mar 1, 2012 2:32 PM | about stocks: EGPT

    The turmoil surrounding the restructuring of the Egyptian government was mirrored by the price action in the Market Vectors Egypt Index ($EGPT) exchange traded fund. The stock fell from its April 2010 $22 high to a low of $9 put in this past Christmas. Since then it has made a spectacular rebound, regaining $5 in lost value. Recently, the stock completed an island reversal chart pattern (see weekly chart below)and broke $14 resistance. It's been trading on heavier than normal volume indicating rising investor interest. The chart shows a lot of airspace above the current level and the only headwind it's likely to encounter is in the form of political risk (the current government is still tenuous) which is where your due diligence should be focused. This fund would make a nice addition to a portfolio of international stocks so if you need to replace one of your current holdings, do consider Egypt. Currently, there are no options and the fund's yield is just over 2%.

    Stocks: EGPT
Back To Dr. Kris' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Bah humbug! The deluge of holiday catalogs has begun. In the face of no must-have technology, I'm predicting a weak retail season.
    1 day ago
  • Java jolt: Coffee etn $JO (+4.5%) jumping above resistance to a new yearly high on nearly 2x volume.
    2 days ago
  • Getting all googly: $GOOGL & $GOOG closing @ all-time highs. Stock +82% since rec'd to subscribers on 5/16/13.
    Oct 18, 2016
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.