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Author: just1trader Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2705  
Subject: Re: RYJHX Date: 5/26/2013 12:50 PM
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Quill,

It’s not a matter of liking (or disliking) Japan funds. RYJHX (which happens to invest in Japan) is merely an instance of a larger, broader problem. If an investor/trader is long (or short) a security, and prices are bobbing along within a tolerable range of variation, up a bit some days, down a bit some days, but mostly moving in the direction of the bet (be that long or short), how does one protect against bigger than expected, adverse moves that come out of the blue? There was absolutely nothing on Wednesday in the chart for RYJHX that warned of the drops that happened on Thursday and Friday. As the following table suggests, prices for RYJHX were up on Wednesday, not down, as they were for EWJ.
  
F M T W T F
17-May 20-May 21-May 22-May 23-May 24-May

EWJ 12.11 12.19 12.26 12.13 11.62 11.41
0.66% 0.57% -1.06% -4.20% -1.81%

RYJHX 22.19 22.45 22.83 23.02 21.1 19.94
1.17% 1.69% 0.83% -8.34% -5.50%

But as you shrewdly point out (with your chart for EWJ), info relevant to trading RYJHX could have come externally. But, also, that’s doing something I was hoping to avoid. I wanted to be able to trade open-end funds on their own merits without having to also look at other vehicles. I intend to figure out how to do that.

Charlie
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