Most of our previous Russian positions look to be in their wave 2 pullbacks now.
Yep, they're still one of the cheapest places in the market and still in one of the most pessimistic parts of the market (which is common in waves C through 2). Mid- to latter-stage wave 3 or later is when "everyone" turns bullish on them.
I am ready for a long and strong wave 3!!
Each quarter, the "big boys" in the market have to report their positions because they're so large. Once those reports are made public, it shows what stocks they're adding to or reducing their exposure in and what stocks they've recently bought or completely sold out of.