[Entering Position in PGJ (PowerShares Golden Dragon - China ETF)]
Dear Member:
With the ongoing buzz about China's booming economy, I have been looking for a vehicle to attempt to capitalize on further movement. The PowerShares Golden Dragon Halter USX China Portfolio ETF (PGJ) may provide that opportunity. It just broke above a resistance today and has been in an uptrend since early March. I am placing an order to buy shares of PGJ at a limit of $22.40 for the day.
I should note that PGJ also has options for those who may be interested in checking out other strategies such as covered calls or directional options plays.
DISCLOSURE: At the time of publication, I have no position in PGJ).
Sincerely,
Bill Kraft
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