Morning to ... DOW minus another 280 points after the 333 points lost the day after FED cut the rate. Hmm ... before I slept around 1am last night, it was plus 250 points leh ... wait a minute, what did I missed?
TRUMP ... shorted the markets!! Hahaha ... that powerful fella put another 10% tariffs ... his weapon against countries ... especially CHINA.
Breaking News : The US president announces fresh tariffs of 10% on another $300bn of Chinese products from 1 September.
His flip-flop mind ... would eventually crash the US. He wanted FED to cut more ... cut till zero ..if possible NEGATIVE rates ... but that Powell ... well ... wont be so well going against his boss : YOU ARE FIRED. haha
I m starting to nibble ... bought two stocks (giants) so far ... and will add once KLCI going below 1620 ...if possible 1600? Going below 1580 ... great for my FKLI short ... where are those BULL-gang talking about 1700 or even higher by end 2019?
I do hope it rebounds to 1700 or even 1800 too, ok? Hopefully, I m smart enough to short 1700, 1750, 1800 ... see how far it could bull?
While Trump cant be trusted with his words ... he could anytime LONG markets ... and reverses in his thoughts. hehe
Short- HSI : I have been shorting HSI well but ... ai yo ... I closed my positions yesterday.
This is HSI-futures ... see? DOW was positive 250 points opening, ok? SO ...SO ... I thought HSI and KLCI would rebound today (tho I still have one short in FKLI).
It is so unpredictable ... well, it is risky ... so, everyone need to learn to manage the RISK. The downside is HUGE ... with limited upside. Do your Math on Risk-Reward ratio ...
See KLCI punya candle yesterday? I really thought it would rebound leh ... luckily only nibble few stocks ... time to cutloss?
Excited ... but cautiously.
Good luck to those holding stocks ... those buy-hold swing goreng-stocks.
TEH
Goh Kim Hock
This guy still refuse to cutloss from i3, despite years after his promise. What a great unrivaled integrity.
2019-08-02 09:04