C.O.B.R.A. Alert: Take Profits On iShares Taiwan Puts

In yesterday’s portfolio update, we noted that Taiwan Semi reported decent first-quarter financial results. The stock has been weak since then because guidance was tepid. Yesterday’s NASDAQ crash took EWT along for the ride. Our technical indicators for EWT are now oversold, so now is a good time to exit puts.

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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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