XPP was recommended by Cabot China & Emerging Markets Report at $66.35 in Investment Digest issue 735, dated January 23, 2013.
DB was recommended by Cabot China & Emerging Markets Report at $42.46 in Investment Digest issue 727, dated September 19, 2012.
“The buy signal from the Cabot Emerging Markets Timer has flipped, and we now have a red light. So we’re taking action to lower our market exposure and dial our aggressive approach back a notch or two. Raising a little cash will give us a little protection from recent volatility.
“ProShares Ultra FTSE China 25 (XPP, $56) has been dragged down seriously by this week’s action. This is clearly not the time for a leveraged bull fund. Today’s close just clipped our 15% maximum loss limit and we will sell tomorrow. SELL.
“Deutsche Bank AG (DB, $47) has had its troubles recently, including a so-so earnings report and continuing concerns about Greece and its Mediterranean neighbors. But DB held up well on Wednesday and fell today only back to its old resistance at 46. Given the company’s difficulties and the vagaries of the European situation, we’ll reduce our holding by selling half of our position for a small profit and putting the rest on hold. SELL HALF, HOLD THE REST.”
- Paul Goodwin, Cabot China & Emerging Markets Report, February 21, 2013