Euro is falling hard after French no vote. I-fund is screwed.

**titan3d** · 05-30-2005, 01:29 PM

I'm glad I don't have much in the I-fund. Maybe its time to start building up a small position.

**Birchtree** · 05-30-2005, 03:50 PM

Titan3d,

Yes, another contrarian! It would be an excellent way to use dollar cost averaging and build a position without over paying - take about 2 years to accomplish. See my comments about the BOJ on Dave's account talk. Good nibbling.

Dennis

**titan3d** · 05-30-2005, 04:21 PM

That's why I'm in the F-fund as well. My philosophy is to buy something when nobody else wants it.

**Mike** · 05-31-2005, 09:41 AM

The only thing I see that can knock the dollar back in the short term is the payroll report on Friday.

Looks like the I fund will be relying on the Asians and Aussies to keep it afloat.

**Cortez** · 05-31-2005, 03:29 PM

I wouldn't jump back into the I Fund just yet. First, the dollar is likely to remain relatively strong over the coming months (despite fundamental underlying issues). Second, the I fund has posted 4 consecutive lower swing highs since its peak in March, i.e. a Downtrend. I find the I fund to be sexy and can't help but be attracted to it, but this whore is tired and needs to rest. Keep an eye on the I fund and begin entry once it can break its 50 day MA.

**ArmyLoggie** · 05-31-2005, 05:51 PM

I would agree with the future potential of I fund. I've got 30% going in there now and I don't forsee dropping my allocations any time soon.

The EU might not come together next year, or even the year after, but I don't retire until 2036.... At that point I would say that I will have made some HUGE gains by leaving some money in the I fund to grow.

**Mike** · 06-01-2005, 03:25 AM

If you're long-term and aren't trying to time anything, keep buying it, as shares will be cheaper.

If you're short-term, stay out of this fund for awhile. The dollar rally is showing no signs of abating, and Europe's economic growth is anemic.

**shiftomnimega** · 06-01-2005, 09:35 AM

Do you think this France/EU constitution thing is detrimental enough to make these shares drop below 14 dollars?

If I see it getting close to 14 that will be a sweet spot for me to buy it up.

**Mike** · 06-01-2005, 10:31 AM

shiftomnimega wrote:

Do you think this France/EU constitution thing is detrimental enough to make these shares drop below 14 dollars?

If I see it getting close to 14 that will be a sweet spot for me to buy it up.

I strongly doubt that it will fall that far, unless we slip into a global recession.