To OTC Journal Members: 
 

Profit Alert: Sell Half of FXI And EWZ For 40% Gains

Congratulations if you took advantage of the triple in UFood Grill (OTC BB: UFFC) last week. I suggested taking part or all your profits when the stock traded up over $.30 in just two trading days from my $.12 entry level. As I said- easy money. Now, the easy money has been made. I want to reinforce a strong buy recommendation at $.20- down 45% from this week's high if you see it there. SSL- $.17 if you want to preserve capital in a down market.

It's time to take some profits in two other situations, and go long another if you like to trade:

• Sell 50% of your FXI (China Large Cap ETF): if you followed my suggestion and bought at $25 last month, we are now trading at $30 plus. You now have a short term profit of 20% cash- 40% gain if you bought on margin. Long term I believe it's a lot higher, which is why I'm suggesting selling only half in case it wants to roll higher.
• Sell 50% of your EWZ (Brazil Large Cap ETF): Just like China- I recommended this one at $35 and it closed today at $41. 17% in cash accounts, $34% in margin accounts. My long term target is $67, but lock in some short term gains now.
• Go long FAZ (Triple Leveraged Short ETF on Financials) at $19 or below with a stop loss at $18. This is a bet the financials are due for a correction to the downside, and this security is highly volatile and extremely treacherous. Look for a 3 or 4 point move to the upside, then get out. Take your loss quickly if it goes against you. This idea is for skilled traders only. This is a very scary security, and this trade is only suggested if you're in a position to monitor it regularly. The market could go higher, but money appears to be rotating out of overbought financials into tech, which would make FAZ go up.

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