From Russia With Profits?

Posted by Howard
on December 13th, 2010

The stars seem to be aligning on a momentum front for Russia.

They have been here before. It ended nastily in 2008 as Putin made the front of Time Magazine as ‘Person of the Year‘. Amazon and Bezos were people/company of the year one time too and came back to all-time highs…

I made an awful attempt to catch a bottom in the markets by trading Russia in October 2008. The vehicle of choice was $RSX. I took a hefty loss when the stock traded down to the low 20′s from my first entry in the 30′s. It’s in the archives here. When it traded below $10 I was just glad to have survived. It’s now $36, DST is making the internet investing look easy and TechCrunch has an event in Moscow…in english.

The bubble theorists are going to have a field day with Russia and they are wrong.

I will go deeper into the subject on ‘Momentum Monday‘ tomorrow night but I believe Russia has legs. There are not many choices to invest in Russia and that has to be one of the good things about this trend again.

PS – Let me know some securities/tickers for us regular folks in the comments.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.