Today it was exciting and cause many investor to spill their morning coffee during the first 12 minutes of the Trading Day.. It sliding crazily from 1625 to 1596 (- 29 Points) in such a short period of times. This shows that KLSE is so vulnerable to foreign investor who wants to profit by hedging our KLSE futures down. Imagine if it was your first time investing on futures and you hope to long it and it fell by 29 Points and lets say that you bought 2 contracts...
29 Points x Rm50 x 2 Contracts = RM 2.9K within 12 minutes.. and for beginners they will panicking closed the contract to avoid further loses.. Scary right...!!
As mention in the The Edge Malaysia, the foreign investor only required to sell down Sime Darby and CIMB Group Holding to create a havoc.. Click here to read more about the article..
Let check on the Stock Analysis Chart on 24 September 2012.
Read more ----> Click Here
Edwin Toh
thanks hooi
2012-09-24 20:39