Tuesday, January 22, 2008

Tackling Current Market Strategy

As the bloodshed spilled on the Asian market yesterday, you can see that more downside can be seen as both STI and HSI broke their support point.

Today, I expected Asian market to go down more as US market will factor in the drop tonight. Thus buy some index put warrant when market seems to rebound today e.g. HSI put warrant with expiry date in February with considerably high volume transacted. Although I don't encourage holding on to any stocks or warrants in this volatile period, I guess it should be safe to sell tomorrow for some profits.
Cut loss if the trend is reversing.

No comments:

Brain Bliss