Well, not sure what the right terminology is for what he wants to do. He's not going to be married to his position. With oil for example I'm going to recommend he buy at 50 and sell around 100, unless there is some geopolitical factor. FXI though I would think that is more of a buy and hold trade.
Yep, he sounds like a buy-and-hold kind of guy. Good luck to him on that, the market is not right for holding anything right now.
... unless they learn in public school about values clarification and decide their parents arent worth taking care of when they are no longer productive.
WBC, KO, KMX If you like a little risk try SFI That one will be 20-30 bagger as long as too many people dont figure out what they have been doing with thier debt until next earnings report. (FYI they have been buying back their debt at 30 cents on the dollar since moodys rated their bonds as junk!) So basically they are taking a loss on their non-performing loans by selling them at 70-80 cents on the dollar, but buying that debt back at 30-50 cents on the dollar. Soon as the street figures this out though, the price will skyrocket.