Buy Russia index ETF?

Anyone brave enough to do that yet?

 

I'm thinking about it. I like the support in the 10 dollar area. I'll wait until then.

 

Yes, it seems like capitulation volume the past few days (RSX).

See the thread about the 1 for 6 reverse split on RUSL.

http://www.elitetrader.com/et/index...erse-splits-for-russia-jr-gold-miners.288413/

 

Bought RUSL low $2 And sold today just under $3.00.

Will buy again under $2...there is a reverse split next week.

Oil bounce is the reason for some of the huge gains today.

 

Excellent, almost 50% return, you can't get that at Citibank!

Ya, I posted the reverse split, Russia was EXTREMELY oversold and the volume on RSX was insane the other day, over 70 MILLION shares, around ten times daily average, the oil bounce helped for sure.

I'm holding RSX for a swing, risk is well defined, but RUSL has lots of juice being a 3x, good trading.

 

it is true that russia index with around 5 PE is so low.