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iShares China Large-Cap Message Board

  • didoo36 didoo36 Feb 7, 2013 12:34 PM Flag

    Correction Time

    Since hitting a recent high of $41.97 on 01/03/13, this ETF has gone into "BEAR TERRITORY".
    It has lost -$2.52 or -6.38% in 24 correction trading days.
    On 02/04/13 FXI had a percentage drop of -2.85% and today at 12;20pm et, it is looking at another big
    drop down day of -2.50%. Absolutely terrible, two such huge down days in a given week. Shorts and insiders are having a field day. So much for the frequent good news that you hear out of China.
    Need a catalyst badly to stop the bleeding and get this ETF back on track.

29.015+0.575(+2.02%)3:48 PMEST