opposite moment of the despair that we saw when actually major wall street firms put out the phrase un uninvestablet the low but now there is love and a rally back to a very difficult level. i'd take profits if long >> mike. >> yeah, i mean, first of all, when we were in those lows, we talked about some of these names. we talked about baba, we talked about k web. actually, we were and are still long jd.com. but this is quite a run that we've seen we are back to a difficult level. some people have taken some profits, others i suspect are hedging them fxi, one of the biggest trades all week actually was a purchase of 43,000 of the april 28th puts buyer paying just 40 cents for those. theying a small amount but they have time to expiration and those will be profitable even if it doesn't blow through that strike in the near term >> brian, your thoughts on where it goes, down or do you stay long and hedge >> well, if i had to give a star rating on emerging markets in general, i'd probably give them about a four out of five and play a little bit to the upside. we highlighted a couple trades where they we