First, your Asia Investments gains are growing nicely, with USCOX up 46.1% and FXI up 22.5%. So now it’s time to raise your protective-sell stops on each.
Asian stocks have been roaring higher this year, so it makes sense to raise your protective sell-stops on these positions to lock in more of those profits. Especially in the event we see any type of meaningful correction. (Follow the instructions below.)
Next, you most likely have not yet been filled on my recommendation to buy shares of Korea Electric Power Corp. (KEP).
Continue working your open order and do not chase the market. KEP shares surged almost 12% in July, but I expect shares to drop back toward our limit price, so remain patient. If any adjustment to the order is needed, I’ll let you know via a Flash Alert.
My recommendation:
Place a standing good-till-canceled order using 5% of your funds allocated to the Asia Investments section and buy Korea Electric Power Corp., symbol KEP, at $18.65 or better. When filled, place a good-till-canceled protective sell-stop at $16.75.
In the meantime, continue holding your …
Shares in China Mobile Ltd., symbol CHL. Hold and maintain your good-till-canceled protective sell-stop at $48.15.
If you have not purchased CHL, you may purchase it now at the market using 5% of the funds you have allocated to the Asia Investments section. Place a good-till-canceled protective sell-stop at $48.15.
Shares in the U.S. Global Investors China Region Fund, symbol USCOX. Hold, and raise your good-till-canceled protective sell-stop from $7.20 to $9.00. Therefore, exit the fund if it closes below $9.00 on any trading day. If you have not purchased USCOX, you may purchase it now at the market using 5% of the funds you have allocated to the Asia Investments section.
Shares in the iShares China Large-Cap ETF, symbol FXI. Hold, and raise your good-till-canceled protective sell-stop from $33.75 to $37.50. Therefore, exit the fund if it closes below $37.50 on any trading day. If you have not purchased FXI, you may purchase it now at the market using 5% of the funds you have allocated to the Asia Investments section.
