Morning ... DOW minus 258 points ... expect another BEAR-DAY.
had an e-meeting (4th for the month of Sept) to talk about CUT LOSS. Taking it to another level by asking question : WHY majority will be stuck when markets crash?
It is a serious question to ponder as many ALREADY stuck up there with many stocks (O&G counters, properties-stocks, speculative stocks, etc etc) ... check YOUR own portfolio to see if there are many stocks you STILL hoping it could recover? Chances are ... slim.
UliCorp : Dived 30% in a week ... these could happen to many stocks during crash ... or just exit of some funds.
And I guess many could relate to these. Do you understand WHY so many of us stuck UP there? Many will STUCK like crazy inside the steel-counters ... once the rally over.
ok ... tmr I m going for yearly break at Sepang Goldcoast.
I m a member there ... so, for those wish to book it (I shall give 30% discount), contact me ... do give few weeks in advance for reservation.
Yes ... I like beaches ... I like the sunset ... and seafood.
The time is just right ... as I m not trading (shorted FKLI overnight) and in cash position.
So ... I m going to be lazy at home today, reading about market-crash!! Wait till the waterfalls formed ... do not catch knives.
Have a nice day!!