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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

Post by rockhead7on Sep 15, 2009 11:26am
320 Views
Post# 16306856

Sell on rallies

Sell on ralliesI reported a week or so ago that I was resisting the urge to sell-history has shown that this stock cannot hold a rally-but I could not bring myself to sell once I read the news.  What a dope! This is a significant discovery.  Moreover its in an area where there is already infrastructure in place. This should be when we all celebrate, and then lament the taxes we are going to pay next year.  But alas, no need to worry about MXI creating tax problems.  Same old story-our technical people deliver the goods and the stock turns to mush because we don't have the other half of the equation.  The BOD needs to address the chronic lack of awareness of this stock.We are setting ourselves up to be the bargain of the century.  There are so many juniour mining outfits out there that are nothing but hot air and dreams-but they promote themselves well and the shareholders reap the rewards. We actually do what other juniour aspire to do-find a major deposit and we trade like Enron.  On the plus side, if we continue down this path sooner than later we are just going to be too cheap to resist and someone will put us out of our misery.
GLTA-we need it!
Bullboard Posts