Selling the FXI Calls: Timely!

Yesterday, China reported production data that was mixed:  large factories were up but loaning to small companies down.  I don’t think it was bad enough that China will, in fact, decrease interest rates nor decrease $ holdings that banks have to hold.

We made $s and probably maximized our opportunity.  Very good guidance from Doug Kass’ opinion publication on thestreet.com.

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