LT -
Your MU short is getting some respect! Today is the third day and MU has a hard time piercing $32. I'd say the odd of MU going down the next few days is 60:40. However, not sure for how long. Hopefully it retested the bottom of the range which is ~$28. And then if you are not greedy by then you ought to cover. Now that is all hope of course because as your luck goes these days, things just want to happen in your opposite way!<ggg>
Now if we again get a sea of red tonight in Asia, I'd sell everything tomorrow and start with a clean plate.
Teddy, the lobster offer was good. But thank you I was asking because I couldn't believe my local supermarket was selling for $6 a pound. I think they may not be from Maine or MA. My wife bought mussels for dinner today instead! Yam, yam.
LT - when I have the time I'll tell you the finer points (differences) about all the SE Asia countries. For now, if Indonesia goes banana, it's not going to good for the entire region. However, Singapore, Malaysia, Brunei, and likely Phillipine will have political stability in this environment. But their markets will all tank bad. Malaysian local banks have stopped loaning funds for business purposes and they are focusing on collecting old debt right now. The banks are not in good shape. So goes your MBK. Its time will time but not now. CCI on the other hand is in great shape because it stands tall among all the banks because it is a US bank. |
