The phone rep said they are making the new web page for use on small cell phone and tablet. So it is single window and single tasked !! And those spacing makes it easier for big fingers to touch.
They seems to forget that millions users are still on MS Windows which is multi Windows and multi tasked. Most Windows users also use much bigger monitor than the small cell phone or tablet.
To me, the apps on cell phone and tablet should not be modified to replace the classic web page. I love the classic web page and they don't allow me to go back. So sad. This is really like the new formula of coke and I believe it is destined to fail !
Today, I see UBIO down twice as much as BIB ! So in a down day, it goes down more too, not just 33% more. At end of day, both BIB and UBIO were green, and UBIO was about 33% higher than BIB !!
You are so lucky... I had IBB for couple years, then I discovered and accumulated BIB since last year. Now I am slowly switching BIB into UBIO. When market was down last 4 days, UBIO went down much more then BIB, I switched at those times. UBIO is so young, there is no long term data to compare. Hope my decision is right. GLTA.
It went down all day on Monday and I kept buying and also rotating from BIB to it. Too bad my company does not allow me to trade before and after hour, so I can't get the lower price, it is too bad....
I have been watching LABU and UBIO for a few days. LABU is equal weight on about 130 biotech stocks including big and small biotech companies. OBUI invests more in big companies and less on smaller companies. I guess the smaller biotech stocks make this LABU fund goes up and down more crazy than OBIO. Today, UBIO is up 0.24%, BIB up 0.18% but LABU is down 2.48% ! I saw in a good day, LABU went up much more than UBIO, but in a flat or down day, it goes down much more too.
Lucky that I sold 60% of this fund last Thursday, now it is only small % of my account.... When this drops more, I will switch back. I am sure, it won't go to zero !
It seems China stock market is totally government manipulated, it is not based on fundamental of company profit... It makes me remember the internet bubble we had during Y2K when stock PE is 1000+ !.
This is my first time. It is much worse than the Latin FLATX fund which is also bad enough now. If a mutual fund is actively managed, then the fund managers is not too good in this China fund.....
GS is master of manipulator ! China government had no idea how to manage their own stock market and how to induce fake confidence to retail investors....
it seems gov is not able to contain this crash , falling like a firing knife every day.... 4500 is a dream now....
YINN is not a stock, it does not oversold, it is only an index of a number of stocks. Some of the stocks it hold may be over sold.
I don't think there is a big bear market rally. Most investors in China are retail investors, they need longer time to lick their wound, to pay off their margin loan and other loans, and they already lost confidence in their gov to support the market. And if the bear market affects their economy, then it will take much longer to hit final bottom and then go side way for a long time. I hear that people are canceling their property purchases because of this bear market. When their market is bad, money returns back to good and stable market and it is us !
China stocks are not totally open for the world to buy, so we need to wait for these retail investors to get back to their foot (take years) then go back to the stock market. 90% of investors are retail investors at China for now.
I am getting more of this China fund by end of today, increase from 2.3% to 3.7% of my account. China gov is totally committed to pop up stock now, I can't resist to take advantage of this. In Chinese, the word "risk" means crisis and opportunity. When there is a crisis, there is a opportunity. I already have about 45% in biotech/healthcare/med eq/med del//pharm funds. GLTA.
Actually YINN composed of the 25 biggest Chinese stocks (HANG SENG MAINLAND25 IX index) traded in HK according to my research. So if HK market is good, then this ETF will be good.
Sorry, I was wrong. I forgot about the gov purchase. The retailers might not buy much last night but gov was buying very hard and pushed up all indexes for a big rally.... This may give retailer investors some confidence to stop selling and even buy back some... GLTA.