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MV India Small-Cap ETF Message Board

  • iljf@ymail.com iljf Dec 12, 2011 2:12 PM Flag

    Broke 10 - more shares per $$$

    getting ready to backup the truck.

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    • iljf@ymail.com iljf Jan 6, 2012 12:21 PM Flag

      Boys Boys Boys
      This is an stock trade
      not an EGO match

      Myself I buy a little on Dips since I think it will be another 2 Months for a good bottom. Colleted a little Div for my time so far.

    • Take a class in reading and comprehension and try to focus. I barely stated that there is corruption in India as well as in US and I also said that there is corruption all over the world.

      • 1 Reply to punk_ash
      • Reading your comments, I think you said more. Your comment about corruption is such an obvious statement, it does not need to be made. Anyway, someone having a pension of $100,000 means he has earned a comparable salary and he then must have been worth his money. There is a lot of corruption but not much charity is this world.

    • Punk_Ash: I think you are an idiot Sir, of a very high caliber. Yes, corruption is here in US also, but to dare to compare it with what its in India, simply tells you are such a hypocrite. Why don't you live in India, may be living a few months back again will jolt you back into reality from Nostalgia and hallucination. The difference in corruption in India vs US is same as, salt in daal: vs daal in salt. Get it ! I guess not.

    • Well I know about corruption in India, I grew up there, but there is as much corruption in US and EU, it is just different, and it took me more than a decade to realize that. Teachers in California are retiring with 200k a year pensions, what is that, it is corruption. My house taxes keep going up while house prices are down 50%, that is corruption.

    • A Bull market. For some reason I think we are still a way off from that.

      My worry is that the fund could close. The volume and market cap have been declining for some time, so it seems to be a ever-present possibility.

      As for under-performing. India's political and economic system is in tatters. Corruptions is endemic and the rupee has been getting killed. A bull market in the US and an increase in foreign direct investment is the only way to see an Indian resurgence.

    • It is yet to be seen as to how India works with less exports to US as the American consumer contracts. If India cannot handle that well, I can assure you, SCIF can be had for under 5. Understand what SCIF is, it is small cap. While the large caps have doubled since 2009 lows, small caps are still at 4x the price level of March 09. If the March 09 are to be tested (if not in US, say in India), then SCIF will be under 5. Also, the Indian currency is in a downward spiral, it has gone from 39 to 53 since 2007. If the ruppee continues onwards to 60, good luck with this investment.

      • 1 Reply to punk_ash
      • Your thought process is right on. Up front, I bought this investment at 21.10 way back when the fund started out. I was new to investing at the point and didn't truly realize what I was getting into. Unfortunately, I never got out in time and I feel like I'm stuck with a junk investment. I'm trying to not let my emotions get the better of me, but I have a feeling that this stock WILL head lower, and I should cut my losses and get out while I can. Any thoughts on how to proceed? Perhaps sell half of my investment and see what happens?

    • You think this is a buy stock?

 
SCIF
49.53+0.04(+0.08%)Jul 22 4:00 PMEDT

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