I decided to put the selling on hold yesterday because Europe opened brightly and that Dow Futures were reflecting a strong opening and decided to sell today on a predicted intraday high.
But that intraday high did not happen. Everything came crashing down the moment she decided to ban short selling on certain equity assets. Imagine when I woke up this morning. To my horror, DJIA came crashing down 1% and Nikkei was ang ang all the way. First thing in my head > Hong Gan liao
While this sullied my morning, I kept calm; awaiting for a potential technical rebound. Midway in the afternoon, she says Euro is in danger hence the measures to prevent short selling. Following this, markets ensued with a further selldown.
I also couldnt do anything because I was in a meeting. So how? Lan lan suck thumb, wait for the technical rebound. This could be the perfect opportunity to sell all non dividend holdings and short the weak ones.
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