Hanboy73 wrote a post · Sep 26 02:03

Riding the Chinese Dragon

Judging from the price action in the markets, the rally in China and China related stocks appears to have legs and should sustain for the days ahead. Most insititutional investors have been or are still underweighted China and they will be hard pressed to bring up their exposure as this rally continues on the back of aggressive monetary stimulus from the Chinese government.

Started building a position last night in $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ which is basically a China ETF on steriods given the inherent leverage in the instrument. Hope to make some money from this trade to boost the portfolio performance.

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Hanboy73

Old school fundamental investor with a knack for identifying stock price catalysts and capitalising on short term trades

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