Market Madness

I'm still maintaining my position in Holly Corportation (HOC) and I am actually up over 16% since my last posting. I am also up approx 23% with the Australian ETF (EWA). I ended my position in Aluminum Corp of China (ACH) with a nice 33% gain. Got in at $26.00 and was out at $34 and some change. I still like this company and will keep an eye out and can hopefully get in again at a lower price. China will be a force to reckon with up through the 2008 Summer Olympics. After that, I will take a wait and see approach. Any thoughts from fellow investors?

iShares MSCI Australia

There is an article on iShares MSCI Australia (EWA), in which Jim Cramer lists EWA as one of his top 5 ETF's to own. I completely agree with him and the continued uncertainity within the global arena U.S./Iran/Iraq/ just adds fuel to this fire. Australia's market is very robust and is projected to grow steadily. There is some concern with regards to the fact that the stock is thinly traded when compared with traditional stocks, but is better than alot of the other ETF's out there. This ETF is near its 52-week high, but I think this is just a "resting" place before it picks up more steam. The target price that I am looking for is $30.00. Have a good one (HAGO). Of course thoughts and/or comments are always welcomed. Justin