KLCI showed a major retracement as profit-taking continued with a vengeance across the region. The world stock market tumbled. DOW declined 186 points with traders continuing to take profit.
Hong Kong down 3.6% and China down 5.8% yesterday. It is really a huge drop. This sell-down came in the absence of any major annoucement. It was pure profit-taking activitiy.
I don't think now is the time for bargain hunting.
I sold most my call warrants but i am still holding some stocks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment