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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Comment by rockhead7on Jan 20, 2009 7:10pm
475 Views
Post# 15717023

Stupid things

Stupid thingsWhilst I agree that selling at these levels is dumb I remind you that I publicly mocked-on this fourm- the investor who first sold at .175 in Oct-after Iam agreed to a placement @35-only to watch the stock continue to plummet 50% more.  In this market cheap is relative and seems to bear no relationship to value.  I understand why my oil stocks are down-crude is down 70% but gold is bucking the trend!  Gold stocks should be up from last year.  I realize that we are not a producer but the companies that are looking at us are-and they must be awash in cash-their costs have shrunk(starting with fuel) and the price of bullion is still at or near record highs.  The day is coming, not just for us but for all good juniours, when majors with deep pockets and no projects have to start bidding against each other for the small explorers.  Lets hope we can stay solvent until then!
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