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Hi Ivan,

Thanks for providing an update of MINDX and IFN. I'm going to open a second position in IFN once it settles down for a week or two, mainly because there are so many other opportunities in my portfolio now with such a limited amount of cash, so I really have to narrow down the list of what to reinvest in.

IFN has been hurt more than the Indian market, which has now lost more than 20% over the past 3-4 weeks. For those of you wanting to add a second position, wait. Why? The Indian market went down another two percent in today's trading:

The great thing about foreign investments is that you know what the ADRs will do, because they trade over in Asia while we are asleep. So, every morning we wake up and have a good feeling of what our foreign investments will do that day. India stocks went down again on heavy selling, so we should have another down day. And for those investing in China and Chinese stocks, watch out, their stock market took a 5% hit.

As Ivan said, patience. Patience is what will help you win in the market. Foreign investments will offer risk because you can basically have two stock exchanges and two countries affecting their share price, but in the long run I think India will deliver winning results.


David K
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