No further analysis needed here. I just go short! This is no recommendation and you need to be careful, because of the political current news flow ...
Comments
Stock
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I did take out some profit already, but the big position is still in. I guess the correction will continue. BTW the TRY brings money every day, because of the high interest rate. So I do have time.
motleifaul
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Nevertheless, one have to be reluctant. It has been a political inspired spike. But this may result in a medium term instable situation in Turkey. If the Erdogan government will not stabilize then this may produce an even much weaker Lira.
So be on the alert and wait for clear signs. Don't fight the market.
motleifaul
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Well, if you had handled this perfectly, you would be out with profit now.
ForceFollower
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It was crazy. Someone must have gotten very rich on this ride & slide and also probably someone lost big...