UltraShort FTSE/Xinhua 25 Proshares (FXP)

All Comments on FXP

  • commenter
    Mar 27 10:54 PM
    China Now Down Over 40% from Highs [view article]
    I think PE should go down to around 20-25 meaning Shanghai index goes down to around 2800-3000. Though it's painful for shareholders, it's good the bubble got bursted before it got too much worse and bring even more pain in the long run. Hopefully the market will consolidate around this level and just give us 15-20% returns annually. Reply
  • commenter
    Mar 27 10:50 PM
    Shorting China and Financials: Money Left on the Table - A Cautionary Tale [view article]
    this author is an idiot of the highest order...ok..1 last time with regard to ETFs...charts mean nothing...

    the skf has 293 stocks in the index...so chart patterns mean nothing...

    don't you people understand this...there is no chart support or resistance with an etf...because it could be any number of millions of combos of different stock movements of the underlying 293 companies...

    does the lemming idiot crowd finally get this...?...

    how could someone be so stupid as to NOT understand this...
    Reply
  • commenter
    Mar 27 09:07 PM
    Shorting China and Financials: Money Left on the Table - A Cautionary Tale [view article]
    The world's financial markets have degenerated into nothing more than a casino and that's why we have this dreadful mess. Have you guys ever thought of playing roulette? Your chances of winning are just under 50%. Reply
  • commenter
    Mar 27 05:13 PM
    My Website
    Shorting China and Financials: Money Left on the Table - A Cautionary Tale [view article]
    The portfolios of the Ultra Short ETFs are somewhat incomprehensible for non-professional investors, consisting as they do of swaps, options, etc. That is why I often look at the regular, unleveraged corresponding ETF for signals. FXI, for example, has a set of underlying stocks as does XLF, which is the ETF I track as a kind of mirror-image of SKF. Reply
  • commenter
    Mar 27 09:43 AM
    My Website
    Shorting China and Financials: Money Left on the Table - A Cautionary Tale [view article]
    Interesting presentation. It seems to me that using rules for trading in regular positions (long) for trading in short positions (such as SKF) requires two distinct mental sets, which I do not possess. Where could one find out the portfolio of SKF? I got a prospectus from the sponsor but there is nothing specific. Reply
  • commenter
    Mar 27 09:35 AM
    ProShares UltraShort China ETF: Caveat Emptor! [view article]
    I have held for quite awhile too and very very dissapointed. If SDS and QID can do it, I don't see why they can't do this either. It's just fuzzy math, and highly deceptive. Explain to me why today FXP is down 5% when last night the China index went down 5%. Shouldn't FXP be up at least 3 or 4%? And why all the intraday moves as well? Shouldn't it stay fairly stable during the US market since the Asian markets are closed?? Reply
  • commenter
    Mar 27 02:13 AM
    Time to Get Serious About Utilizing Short ETFs [view article]
    1- How does one short US Treasuries? 2- Rich, what in your view is teh risk for short funds, are they fully collateralized? Reply
  • commenter
    Mar 19 06:42 PM
    China Stocks: Risks Ahead [view article]
    Non-food inflation is still mild. Chinese gov't should do more to promote food imports instead of hiking interest rates and reserve ratios. You are actually shorting Hong Kong H shares with FXP. IMO H shares are in the process of bottoming and shorting them at this valuation not rational. Even A share will not collapse but rather may go down to around 3000 and reach parity valuation with H shares. China's fundamentals are still bright. Reply
  • commenter
    Mar 19 05:44 PM
    Why It's Not Too Late to Short China [view article]
    Downside is rather limited now since A shares historically carry a 50%+ premium over H shares. IOM H shares are already rather cheap and have bottomed. Your shorting of H shares with FXP is dangerous to the health of your portfolio.

    China's inflation is the result of excess liquidity from a variety of complex factors but I do see the problem easing a bit going forward. I have great confidence in China's growth.
    Reply
  • commenter
    Mar 19 04:42 PM
    China Stocks: Risks Ahead [view article]
    Those are government owned enterprises. The government is owned by communist party. What do you expect communists to behave when they own the companies. You cannot resist airing naive American thinking in public? Reply
  • commenter
    Mar 19 12:38 PM
    China Stocks: Risks Ahead [view article]
    Interesting post, followed by a comment from GAZ, whose website is indispensible for any investor wanting an unvarnished and up-to-date view of the larger Chinese economy. A real eyeopener, GAZ ! Reply
  • commenter
    Mar 19 11:20 AM
    Global 'Oil Shock' Rattles World Stock Markets [view article]
    Quote from earlier poster

    "Unfortunately not only does it take at least 10 years to get a nuclear plant built, but infrastructurally speaking, it is impossible to produce that many nuclear plants quickly."

    If it takes 10 years, so be it. 10 years will be here before we know it. We are something along the lines of 5 years or so into the Iraq war, halfway to ten. Ten years is nothing.

    The real impediment, to me,is the ignorance infrastructure. Alas, blasting through that may be much harder. Also, the entrenched establishment infrastructure is tough. People want to protect their existing jobs and long-held cherished points of view.
    Reply
  • commenter
    Mar 18 11:50 PM
    My Website
    China Stocks: Risks Ahead [view article]
    Chinese companies sole reason to be publicly listed is to get something for nothing. Most listed companies I have looked at in China over my 4 years of being here are not actually making profit in real life, only on their stocks. They hide the truth and invariably have government officials investing prior to listing which shields them from any laws that might exist. Many of them raise funds and act basically as shell companies feeding the money through to some other new venture or personal fund with no ties to the stock whatsoever, all with government officials on the payroll if they aren't the coordinators themselves.

    I've been here 4 years, speak the language, deal daily with listed companies and their staff, and I would NEVER invest in any Chinese stocks and it is clear to me that anyone who invests in ANY Mainland Chinese stocks usually has the false belief that trading is governed by laws. If you've invested in Chinese stocks, well, personally if that money was important to me I'd cut my losses or bubble gains right away before I lost all of it.
    Reply
  • commenter
    Mar 18 10:01 PM
    My Website
    China Bubble Continues to Correct Itself [view article]
    The Nasdaq and the S&P both hit new fresh lows on Monday and have not formed a bottom. The Dow is starting to look like a bottom with Monday being the correction that did not make a new low but we need another day or two to see if the upside leg will extend. Reply
  • commenter
    Mar 18 12:01 PM
    My Website
    China Bubble Continues to Correct Itself [view article]
    rice bowl cracks
    nickgogerty.typepad.co...
    Reply