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Invesco Emerging Markets Sovereign Debt ETF V.PCY


Primary Symbol: PCY

The investment seeks to track the investment results (before fees and expenses) of the DBIQ Emerging Market USD Liquid Balanced Index (the underlying index). The fund generally will invest at least 80% of its total assets in U.S. dollar-denominated government bonds from emerging market countries that comprise the underlying index. The underlying index measures potential returns of a theoretical portfolio of liquid emerging market U.S. dollar-denominated government bonds.


ARCA:PCY - Post by User

Comment by Uberlandiaon Jul 23, 2011 11:37pm
398 Views
Post# 18865829

RE: RE: RE: Thank You Mr. John LEE

RE: RE: RE: Thank You Mr. John LEEHey Pandora, I'm not a high roller by any means.  What happened was that I did very well with Western Coal.  When it was bought out, I wanted to use the profits to stay in the coal sector.  PCY seemed to be on the cusp of being a legitimate producer yet appeared seriously undervalued.  All those recent investments coming into Mongolia from major well-known companies gave me a lot of comfort.  I began buying up PCY shares this Spring (not 2009) when they were about $1 and just before the shares started a steep and steady decline.  Instead of bailing, I have been buying a lot more because nothing has changed fundamentally about Prophecy and the macro situation looks great:  continued strong growth in Asia, especially China and high energy prices, including coal of course. Unless this turns out to be a scam on the scale of a Bre-x or Mongolia nationalizes Prophecy's mines, how could the share price stay at 50 or 60 cents for long when the company is sitting on such massive coal reserves bordering the biggest coal customers in the world? NKL's dramatic rise in such a short time was totally unexpected and a nice windfall, but I think that PCY will go up quite a bit from here.
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