Bottom fishing
On January 25, 2008 I posted "Halibut Anyone?" and suggested that buying EWJ at $12.24 was going to be a good thing. Well as of now you would be positive on the investment (+$.22 or 1.80%) but far short of the $14 per share I was expecting. I like this double bottom and maybe I should toss this chicken Halibut back and re-bait. I think there is a barn door lurking and I would like to see if I could hook it. If you own EWJ, keep it and even add some; if you don't own it, buy it. One year from now you will be considered a genius by friends, family and even clients will celebrate your smart move today.
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