I was planning to unload part of my put warrant position on KLCI earlier on Thursday, seeing how Dow broke out on it's range and might potentially challenge the 25,000-25,500 region ( 61.8% fib retracement level ), while the KLCI being suspiciously bullish on Thursday. Although it was obvious that it's just the month end window dressing, I was thinking to be more...
There are many reasons why I am having a bearish bias on KLCI, and along with that many stocks that have seen remarkable rebound ranging from 50-100% since the panic meltdown back in March. Among them, the potential second wave of covid cases, the unrealistic optimism of retailer or what Keynes likes to say irrational exuberance, the multiplier effect of low...
