Playing the I fund

[weatherweenie]

Eafe +0.352%

Meanwhile, EFA is up 0.60%

 

[350zCommTech]

Eafe +0.352%

Meanwhile, EFA is up 0.60%

Should be 8 cents.


Weatherweenie, you know how I feel about the EFA....

 

[vectorman]

Check out the volume today. Talking heads on CNBC are saying buy international today. Wonder how many are buying in before a pull back?

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=EFA

 

[Birchtree]

Vectorman,

I like your style. Eurozone M&A will tamp down the selling but they are going to hit the wall for awhile. Just a natural process while they wait on how many more rate increases.

 

[vol46]

Also wondering what's up with the volume today?
Normal volume on EFA is 4 m shares, today 13 m.
Guessing that the day traders are running up the share price before a BIG dump.
Later, Vol46

 

[Birchtree]

They're profit taking to come shopping in this country. Selling to the late comers thinking the dollar still has room to play.

 

[mario]

The volume was high today between 10est and 1pm est. It does seem to be losing steam but where's the bad news?

 

[pogo]

i agree take a look at the mar 2006 and june 2006 heavy vol. i'm not a big fan of efa but take a look--hey birchy maybe they went shopping in june too.

 

[350zCommTech]

They're profit taking to come shopping in this country. Selling to the late comers thinking the dollar still has room to play.

Where was this info before the deadline? As for the dollar, it will be going down for the next 3-4 months.

 

[ATCJeff]

Dec 05, 2006 11.67 11.23 15.63 18.99 21.69

 

[ATCJeff]

Dollar News...

http://www.bloomberg.com/apps/news?pid=20601101&sid=a10CYRqYf1To&refer=japan

 

[ATCJeff]

More dollar news....

http://business.guardian.co.uk/story/0,,1963092,00.html

 

[FundSurfer]

Great article...someone give this guy some reputation points! (I can't till I spread more around...)

 

[mlk_man]

Anybody notice that Yahoo has EFA up over 2% in after hours trading? :nuts:

 

[weatherweenie]

^N300 up 1.13%

 

[mayday]

Looks like the dollar index is the profit killer today in the I fund.

 

[350zCommTech]

Early Estimate: up .398% or 9 cents.

 

[mayday]

Looks like the dollar index is the profit killer today in the I fund.

Dollar index is looking a little better now.

 

[350zCommTech]

Up .414 or 9 cents.

 

[nnuut]

Is the dollar on the way up again?
CURRENCIES
Dollar gains after ADP jobs report
Market awaits ECB rate decision, U.S. payrolls for Nov.
By Wanfeng Zhou, MarketWatch

Last Update: 10:33 AM ET Dec 6, 2006

NEW YORK (MarketWatch) -- The dollar rose slightly against other major currencies Wednesday, after a stronger-than-expected private-sector employment survey raised speculation that a much-awaited U.S. nonfarm payrolls report due later in the week may surprise on the upside.
Private employers created 158,000 net new jobs in November, a report from Automatic Data Processing showed Wednesday. It's the largest gain since June's 368,000. Together with an estimated 15,000 government jobs that aren't included in the ADP index, the report suggests payrolls likely grew by about 170,000 in November. Economists surveyed by MarketWatch currently expect an increase of 110,000. See full story.
http://www.marketwatch.com/News/Story/Story.aspx?column=Currencies&siteid=mktw&dist=