I was foolish to get squeezed out of my short position earlier today (see 11:15am plunge)...but I was even more foolish for missing this nice long $3 run up this afternoon that started at 1pm and ran all the ay until 3pm. I could have made up for my earlier loss and some!
Lots of people are getting burned trying to short FXI, but at these levels and the "dot com" feel of many China stocks I have a feeling it won't be long before FXI takes a reverse direction. But at this point I am not ready to make that call. Burned once, not burned twice!!
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