Saudi previously announced that if other country cuts production, it will mutually join the effort. Kuwait's move is a signal that OPEC will eventually surrender.
The market was very gracious today, to allow an second escape for put holders. Those who chased put warrants today must be clouded by greed, and have lost their mind.
gray, you go to the put and call warrant threads and see, how many of them really buy for hedging purpose, all I can see is punting. I'm punting as well.
gray, you buy a warrant in anticipation of future market movement, not based on it's current value. All I can see is, long the market make much more sense at the moment.
Screwdriver then don't call put holders "clouded by greed and have lost their mind". You are in the exact same situation. If they are greedy and lost their mind so do you. Both anticipating future market movement.
The market has signaled crash this month after heavy stock sale, but it has not reached bottomed and all I can see there is correction for bargain hunters. With Fed increasing rates throughout this year, an imminent crash is possible but not in Q1, my thoughts in Q3, there is still a lot more to digest on global direction. I see KLCI technical rebound after hitting RSI below 25, so its a good chance to bet on call, and with aggressive buy, index could hover above 1650 for while until stocks surrender on their Q1 performance.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NIBIRU_T
507 posts
Posted by NIBIRU_T > 2016-01-26 14:17 | Report Abuse
bear released again...