C.O.B.R.A. Sell Alert: Take A 40% Gain On China iShares Puts

FXI has continued to fall in the past month as investors are bracing for more economic and financial market fallout from China’s property bust. While FXI has more downside potential in the months ahead, we believe it’s also oversold. Policy easing would spark a counter-trend rally. We have a 40% profit in a month, so let’s take it now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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