Singaporean is selling Singaporean dollars buying Ringgit in order to buy Malaysia share at low price. At the end of the day, Singaporean is still the winner. I got friend in Singapore continue collecting Malaysia shares. When they start selling, Ringgit will drop back from 3.33 to 3.50.
The Nikkei is currently at 31,400, but it is expected to return to around 20,000 eventually, which would be nothing unusual. It's gradually reverting to more typical levels.
There is valid reason to consider adding a bit more if price do close the RM4.43 gap, or if price comes further down to the bottom of the uptrend channel near RM4.15. The odds for the latter may be less likely, but nothing is impossible.
Always control your position size in case you are wrong, because anything is always possible in markets. Like any other stocks, GENTING is not immune to crashes.
It was Japan which pricked the Yen/USD carry trade bubble when their central bank raise interest rates. The amount of Yen/USD carry trade is huge n those funds are exiting.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michaelchan2024
1,173 posts
Posted by Michaelchan2024 > 1 month ago | Report Abuse
I initiated a short position this morning. What's the next step?
Time to buy back..It's Guinness Stout time