
NYSEARCA:EEM
Purchased a Call with a strike price of $36 and the timeline was for Jan/14. Currently he is down 18%. Do you think this will eventually go up? He has sold off a lot of his emerging-market stuff because of his fairly conservative client base. He would suggest that you take a look at how much is in your portfolio. He doesn’t see any huge bounce back right now for emerging markets or China. In other words, he won’t be going into this right now.
Seasonality happens not just in North America, but around the world. This one just completed a double bottom last week.