Because of the drop in the NIKKEI last night, the wildly successful ETF, ticker DXJ, is getting hit. Funds are divesting from Japan because of the severity of the drawdown. I expect to see outflows from Wisdom Tree by next week because of the drop. However, does anyone out there really think the NIKKEI is heading much lower? If you are like me and believe the dip will be bought, WETF is a must own down here, getting smashed because of the 7.3% drop in the NIKKEI.
Nothing has changed at Wisdom Tree. I still believe someone will buy them, either BLK or IVZ or anyone looking to get exposure to the rapidly growing ETF market.
Year to date, NO ONE has operated more efficiently than WETF, in the asset management space.
I do not have money to allocate at the moment, as it’s currently tied up in a wide array of names. But if I did, I’d start a half position in WETF now and average down on the next dip.
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Still have 6,000 shares of WETF that i purchased at 0.48 per share in 2005 when they were called Index Development Partners (IXDP.PK)… (wish i still had my full 20,000) WETF is a WINNER and am in full agreement… they are a prime buyout candidate…
WOW BV, that’s unbelievable.
NICE job BV, that’s awesome!
Took you advice.
To all: What time today do you think the market will turn green on the S&P?
I think yesterday’s close acts as resistance for now
Just closed my Pandora 17s for 74Kk profit .
Up next , FL .
On ETF’s one I like is $CSD, made up of spin-off companies, it is up 19% ytd.
Genius.