Wednesday, September 17, 2008

FED the helping hand

Today is a very dramatic day. STI went down more than 100 points by 12:00 noon close, then it went back up 100 point to close with 0.88 point down!

I had a short position in KS Energy. When the counter was re-opened for trading in the afternoon, after its trading was halted in the morning for company announcement, my profit in the counter was still S$900 plus, but by the time market closed, my profit had gone down to S$300 and was triggered out.

I shorted one more counter today. I am not very sure what will happen to that counter. Hopefully it will bring me profit.

Bless me, please.

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