Wednesday, April 2, 2008
China ETF (FXI) Surged As We Predicted
In our post one week ago we recommended to buy the China ETF (FXI). It was poised to jump, led by large traders. We saw many signs of trendocracy's activity. In fact, the stock surged from $125 to $143. Smart traders bought Jul 140 call options for $10.10 and sold them for $17.90 with 80% gain in one week!
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