RSXJ

Kshartle · Post by **Kshartle** » Thu Jan 30, 2014 5:11 pm

Tiny ETF made up of 29 small and midcap russian companies. Very diversified as far as industries goes. Sporting a P/E around 5 currently and is down 50% from it's highs in 2011.

Buy when there's blood in the streets right? How much lower can it go?

It's big brother RSX is a billion dollar fund of 47 russian large caps. It's at about a P/E of 6 and is mostly energy, materials and telecom.

Any thoughts guys? The charts look bad but I prefer buying what everyone else hates and hoping for a big score.

foglifter · Post by **foglifter** » Thu Jan 30, 2014 9:37 pm

There was an older thread about Russia, you'll surely find it educational.

If Russia hadn't been blessed by immense natural resources and the 1917 revolution hadn't happened it would have been a different country today. It's hard to move from the oil and gas economy to a more diversified model. While the consumer sector is growing fast it still can't compare to the handful of state-controlled giants like Gazprom.

RSXJ has only 17 mln in assets and the portfolio is still dominated by the energy sector. Financials are at just 7%, but the real estate sector takes up over 13%. RSXJ is even more volatile compared to an insanely volatile RSX.

My advice: if you really want to play the Russia card with with RSXJ consider it as a very volatile stock, don't even think it's diversified because its an ETF. Let it be just one position in your VP.

P.S. Ask me if you have more questions about Russia. I know it quite well, too well. And not from the books.

Pointedstick · Post by **Pointedstick** » Thu Jan 30, 2014 10:08 pm

Sorry, can't resist...

foglifter · Post by **foglifter** » Fri Jan 31, 2014 12:16 am

How about this:

Kshartle · Post by **Kshartle** » Fri Jan 31, 2014 10:31 am

I haven't bought yet. Wow it's getting shellacked again today. It would be nice to see a ridiculous collapse on heavy volume so the spread closed. Trading is very thin.

Big Brother RSX is looking like it's running out of selling pressure.

Kshartle · Post by **Kshartle** » Mon Mar 03, 2014 8:43 am

Kshartle wrote: I haven't bought yet. Wow it's getting shellacked again today. It would be nice to see a ridiculous collapse on heavy volume so the spread closed. Trading is very thin.

Big Brother RSX is looking like it's running out of selling pressure.

Well.......looks like a collapse on heavy volume. Blood is in the streets. If I see some signs of demand I may just plug my nose and buy here. RSX got down to $22. Some people are definately trying to catch a falling knife. I'd love for it to drop to the next support level which looks like $18. That would mean all hope was lost.

Reub · Post by **Reub** » Mon Mar 03, 2014 4:34 pm

Would you buy RSX or RSXJ?

Ad Orientem · Post by **Ad Orientem** » Mon Mar 03, 2014 5:09 pm

Reub wrote: Would you buy RSX or RSXJ?

That would be a high octane speculation right now. For obvious reasons Russian markets and the Ruble are taking a good old fashioned pasting. The question is, what is going to happen next in the Ukrainian crisis? If it blows over my guess is that Russian markets and the ruble will experience a dramatic rally. But if things deteriorate, or (God forbid) a war breaks out, the current drop could look like a walk in the garden.

My take is that as a speculation, this is both high risk, and high potential return. Caveat Emptor.

Ad Orientem · Post by **Ad Orientem** » Mon Mar 03, 2014 5:46 pm

Dangerous is hard to dispute. Inherently evil though is a bit over the top. In case you missed the memo the Cold War is over.

Reub · Post by **Reub** » Mon Mar 03, 2014 7:03 pm

Ad Orientem wrote: Dangerous is hard to dispute. Inherently evil though is a bit over the top. In case you missed the memo the Cold War is over.

I believe it is Vladimir Putin who missed that memo.

Kshartle · Post by **Kshartle** » Tue Mar 04, 2014 8:01 am

Great article here - http://seekingalpha.com/article/2065233 ... buy-russia

I put in a limit order at $22 on RSX yesterday that didn't get filled

In hindsight I thought there would be support and there was....just too much to let price get down to my order. Now it's gapping up strongly today. I'm raising the limit to $22.90 hoping the gap gets filled as well as my order.

Who knows. I'm just dropping in 5k. If price falls to $20 then I'll do another 5k and the last 5k would go in at $18, the next support level from July of '09.

If every order gets filled I'm all in at about 13% down on just about the most contrarian play out there with not a lot of money. This one feels like it could return 200-300% within 5 years so good enough risk/reward for me. If I get some shares today and it just goes up from here I'm fine with that too.

All that oil and natural gas is going to get sold one way or another. The state isn't going to take the companies away from the oligarchs. They are the state. Russia is even more fascist than the US.

Kshartle · Post by **Kshartle** » Tue Mar 04, 2014 1:46 pm

Lots of shares changing hands today but my order is not getting filled. I'm tempted to move it up but every time I chase the market I burned, without exception.

If I put in a market order here, trust me a complete hot war would break out, the slaughter would be terrible.

Ad Orientem · Post by **Ad Orientem** » Tue Mar 04, 2014 1:56 pm

Kshartle wrote: Lots of shares changing hands today but my order is not getting filled. I'm tempted to move it up but every time I chase the market I burned, without exception.

If I put in a market order here, trust me a complete hot war would break out, the slaughter would be terrible.

Then perhaps you should hold off, purely on humanitarian grounds of course.

Kshartle · Post by **Kshartle** » Tue Mar 04, 2014 2:18 pm

Ad Orientem wrote:
Kshartle wrote: Lots of shares changing hands today but my order is not getting filled. I'm tempted to move it up but every time I chase the market I burned, without exception.

If I put in a market order here, trust me a complete hot war would break out, the slaughter would be terrible.
Then perhaps you should hold off, purely on humanitarian grounds of course.

If anyone is willing to back-stop the losses I'll short it at the market and watch Eurasia launch into a new future of freedom and prosperity.

Pointedstick · Post by **Pointedstick** » Tue Mar 04, 2014 10:07 pm

Desert wrote: Would that be a Putin put?

Seriously though, are you going to buy this ETF? You could go with a 1/2 gold and 1/2 Putin portfolio.

That would be a pretty nauseating portfolio, but with performance surprisingly similar to the PP a lot of the time (well, PRPFX, at least):

[img width=600]http://i.imgur.com/Iwvp3An.png[/img]

Kshartle · Post by **Kshartle** » Wed Mar 05, 2014 8:46 am

Desert wrote:
Kshartle wrote:
Ad Orientem wrote: Then perhaps you should hold off, purely on humanitarian grounds of course.
If anyone is willing to back-stop the losses I'll short it at the market and watch Eurasia launch into a new future of freedom and prosperity.
Would that be a Putin put?

Seriously though, are you going to buy this ETF? You could go with a 1/2 gold and 1/2 Putin portfolio.

I have a limit order in for 250 shares. Just a dabble. If it moves lower after that I'll add, up to maybe 800 shares if it's at $18. Nothing but a dice roll, although one with what looks like real potential upside.

I am tempted to just buy at the market right now and be done with it. That's the fear of missing out on opportunity. That's the fear I live with when it comes to investing. I have no fear of loss, I fear the regret of missing out on what I think I see as large potential profit.

I'm working on that. It's part of a deeper issue. Working on it means not chasing a stock. I will let the stock fall to a price I'm willing to pay and if it doesn't then it wasn't meant to be.

I made a mistake on Monday with my limit of $22. If I was willing to own it at $22 then I should have been willing at $22.20 or something like that, so that strong support didn't prevent it from getting my order filled.

When everyone is panicing it's tough to buy because the price could plumment irrationaly. I should have put in three orders at $22.20, $20.20 and $18.20. Lesson learned. That would have satisfied my emotional needs to get a good price and profit potential while not preventing me from missing out.

Odysseusa · Post by **Odysseusa** » Thu Mar 06, 2014 12:05 pm

In addition to RSXJ with P/E at 5, IDXJ (Indonesia Small Cap) also have similar P/E.

We can use the link below to screen the ETFs.

http://finance.yahoo.com/etf/lists/?mod ... =50&page=6

Kshartle · Post by **Kshartle** » Thu Mar 06, 2014 12:14 pm

Odysseusa wrote: In addition to RSXJ with P/E at 5, IDXJ (Indonesia Small Cap) also have similar P/E.

We can use the link below to screen the ETFs.

http://finance.yahoo.com/etf/lists/?mod ... =50&page=6

That is a 7 million dollar fund that's up about 30% over the last couple months. It's right at a resistance level........I never buy at resistance. It would have to get rejected here or breakout then have weak retrace so you'd be buying at support.

Thanks for the link. I like screening for whatever has completely collapsed in price to find potential homeruns that have been bid down to an irrationaly low price.

Kshartle · Post by **Kshartle** » Fri Mar 07, 2014 7:45 pm

For those who shun technical analysis.....the gap filled to the penny and not one cent more and bounced hard. I got a fill at my price and am now in the green. No telling what could happen, but I held steadfast and did not chase....got my order filled at 22.85. Price is now above 23 and as far as I'm concerned from a technical standpoint it is begging to go higher. We'll see what the maniacs (Puting, Obama, Igo whatshisfacefromUkranie) do.

Kshartle · Post by **Kshartle** » Thu Mar 13, 2014 1:46 pm

Rumors flying that a Russian anti-aircraft battery fired on a Ukrainian plane.

This was inevitable, I bought a smidge of RSX last week.

I will buy double after the first sign of hand-to-hand combat. Can it get much worse than that?

HBstudent · Post by **HBstudent** » Thu Mar 13, 2014 4:47 pm

Now this is looking like a good speculation, even with all the caveats of businesses operating in Russia, the constituents of this fund have an earnings yield of over 20%.

Reminds me of what Sir John Templeton once said: "To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward."

Kshartle · Post by **Kshartle** » Fri Mar 14, 2014 2:04 pm

Strong bounce on RSX today. Hopefully things are quieting down and the West is not going to treat Ukraine like they did with Poland in '39.

I like "buy when there's blood in the streets" and another one attributed to Rothschild ""buy on the cannons, sell on the trumpets"

Kshartle · Post by **Kshartle** » Fri Mar 14, 2014 3:50 pm

The US government just sent a Predator drone over Crimea and the Russians shot it down.

doooah!

Reub · Post by **Reub** » Sat Mar 15, 2014 8:56 pm

Russia just invaded some territory outside of Crimea. This is the result of Obamas weakness, which has emboldened the reprehensible Putin. We are closer to a new cold war or worse than we have been in decades.

Kshartle · Post by **Kshartle** » Tue Mar 18, 2014 7:05 am

Big reversal in the last three days and back in profit.

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