My Trading Adventure

The knives : Netflix and MF Global

CP TEH
Publish date: Thu, 27 Oct 2011, 12:24 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Weekly Chart


MF Global Holdings Ltd : Supported at 1.85 level last week, today dropping OFF the cliff. At 1.20 level now, touched new low at USD1.07 ... losing 40% in first hour of trade. Lost about 60% plus in a two days(yesterday and today).



NetFlix : After yesterday's dive, going at USD75 level now. That is a sharp knife for anyone who as holding to her ... and selling intensified yesterday due to so-so bad news around. Question remains if she will ever recover, business wise?

TEH
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