QUOTE(digilife @ Sep 11 2008, 09:43 PM)
wats the reason for today's double digit fall?
any pointers abt the market direction tmr?
Not only KLSE fall, other asian market also plunge.
Market will continue to drop unless something need to do about LEHMAN. Else global market sentiment won't be good due to credit crisis which will still haunting us all.
Today LEHMAN continue to drop half to USD4 only. Those who bought put options will fatt datt lor.
I saw one put option, last 5 days ago it is around USD0.11(LEHMAN ard USD14) cents skyrocket to USD4(LEHMAN USD4) today. Almost 40folds of investment. This is power of options compare to warrants traded in KLSE.
I love options..hehe
(Note: options risks are much higher).
Anyway, tomorrow will be another hard day as US will release PPI, retail sales and Michigan sentiment index. China will release August retail sales. If all BOOM not good, tomolo will seeing red sea with investors drowning calling for help!