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.
DOW minus 258 points
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!!