I hinted at DXESX back on 2/21/07.... Stock could easily return 50-100% if the emerging markets decide to EVENTUALLY take a turn down. S2007S Registered: Aug 2006 Posts: 3864 02-21-07 11:54 PM Quote from ByLoSellHi: Here's another question I just thought of: I love the UltraDow. Is there anything that allows us to buy 2x leverage shares of foreign ETFs such as ewt, ewj, ewy??? you like DDM..... There isnt at the moment but Im sure they are about to do something about that very soon. Im sure Rydex will be coming out with some of their own ETFS to compete with Proshares as well. Right now Proshares owns the market in inverse funds. If your looking for a fund that does the total opposite of the Emerging Markets its DXESX. Trading under 8 at the moment, I think I may add some shares to this mutual fund, think its ready for a 15-20% gain sometime in the next 2-4 months. It took a nice drop in 2006 falling nearly 50%, down this year as well close to 7%, but things can turn on a dime if the emerging markets were to give back alot of their gains. DXESX trading at $7.84 2-3 month price target = $9-9.50
that was one nice 80% return back in may, if you catch it at the right time you can make serious money. When the emerging markets correct its quick and serious. Next big drop I think DXESX goes too $8.50-$10.00. Price Target: $8.50-$10.00 Date: Sept-Oct. 40% return.
The guy retired at 39 with 1 billion in the bank. Do you think Soros will take a bozo under his wing? What more track record do you need?
Its nice to see some other fans of his on here. From his Market Wizards interview, his books, and some google news searches (I do those every now and then, "Jim rogers" commodities, or "jim rogers" stocks) you can learn a heck of a lot about his track record. Here's my Market Wizards notes... 1980 - Shorted Gold at $675 1981, 82 â Put a gigantic part of my net worth into bonds throughout 81 and 82 1982 â Bought German stocks at the end of 82, sold in late 85/86 1984 -Shorted the dollar at the end of 84 1986 â Shorted financials in December 1986 1987 â Early 1987 predicted a 300 point down day 1987 â Went into the summer positioned for a collapse, covered all shorts the week of Oct 19th 1988 - Shorted Soybeans at $9.60 1988/89 - Bearish on Japan. I guarantee the Japanese stock market is going to have a major collapse. âJapan would fall by at least 50%â Barrons, Jan 1990 Of course, he had some duds. He thought oil would go into single digits (I believe).
the legend grows except my recollection was he retired with 47 million. what is unbelievable is that no one even bothered to challenge your ridiculous number. I don't think soros had a billion 30 years ago.
Congratulations S7, looks like you are one of the very few on ET who was prescient enough to see that the Emerging Markets were going take the brunt of the pain in a potential liquidity crisis.