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.
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 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 !
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.
it seems gov is not able to contain this crash , falling like a firing knife every day.... 4500 is a dream now....
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....
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.....
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+ !.
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 !
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.
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....
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.
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 !!
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 !
I know Fidelity has many restrictive rules to discourage employees to do any trading. I guess most developers there do not trade much, they don't know how to make a real good trading platform for real retail customers who do trading frequently. What they can do is to beautify it and add more spaces between anything. I need to scroll up and down, expanse and collapse items much more than before. It also does not allow me to open trading page in a new tab in my browser, so I can't check on some info (on other pages) while I am in trading page. It does not help me to trade better and make more profit for me. Most research info there is not that useful and outdated. The new web page is also much slower ! I wonder why they spent money to make their web page worse. The trading link is now on upper left, and I feel that they don't want you to find it. The quick action pull down list is gone. The big new account # column on the left is a waste of space, it used to be a pull list on the top.
I did not give them any comment before but I always switched back to classic page. However, last week they removed the switch back option and the rep said nope nope nope to me.... Now I try NOT to log on to my account because I don't like to see the new web page....
I am forced to switch to the new Fidelity web page for my trading account, it is really bad. It looks pretty but difficult and confusing to do trading... I need to do more scroll up and down, expand and collapse. Many function needs more click to accomplish.... Anyone is using it now ? I asked to switch back to the previous web style and they can't... I am considering to switch platform soon....
From today's MW news - a Reuters rerrot said it planned to start a $50-billion fund for Brazilian infrastructure investments with Brazil's top lender, the state-owned Caixa Economica Federal.