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ProShares UltraShort FTSE China 50 Message Board

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  • fobama72 fobama72 Mar 10, 2010 10:22 PM Flag

    Is this the catalyst for the FXP next leg up?

    China inflation is in, higher then expected. Look at US futures.

    I still think China will be the next catalyst for a US-based correction, cause certainly it won't be Ben Parachute Shalom.

    My trades in FXP (2,000 shares each time) - bought at 8.30 last year. Sold at 9.25 a fews weeks back. Bought at 9.06 again, sold at 9.50 x 1K/9.60 x 1K. Currently in for 1,000 shares at 9, was waiting to average down around 7.50 with the other 1K. Will prob not need to average down, FXP, IMO will be over 9 by Friday.

    Not huge gain, but gains nevertheless - a few Ks.

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