Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Like a salaryman in a seedy part of shinjuku, i put a limit order at 10.00 last nite(i'm exactly 12 hours ahead in asia) and stalked after my prey, the iShares MSCI Japan Index, aka. EWJ.

it had closed the day before at 10.43, and i sensed that the general market was looking for a reason for a sell-off. And I bet it had nothing to do with interest rates, oil prices whatever, but was "simple due to short-selling and dumping of speculative positions" as my informer J.Krupansky wrote.

And EWJ would not spared of the blood bath, it opened at 10.12. Down 2.5% and dropping. The pace quickened at 11:20pm when EWJ dropped to 10.06, should I drop the limit order and just pull the market order trigger, the last time it dropped this low was on March 16/17th, at the start of the last upward curve ? No. Wait. It makes the tasty agedashi tofu all the more satisfying when the wire is tripped.

It was not too be. At 2am, I was too bleary eyed to stare at the screen, sometime at 2:43am, EWJ crept up to 10.13 and stayed there until the closing at 10.10

who used to own
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.