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Sunday 29 September 2013

Up up down down

Market is expected to be highly fluctuated with a lot negative news around. The first we will see will be another round of US debt ceiling that is going to happen on 1 October. The last similar event took place two years ago and market really showed some big discount. Therefore I did not buy much recently. The only deal is  buying in 2000units of Airasia at RM2.61 after FED announce QE will be continued. It did rise till RM2.74 before dropping back again to RM2.6 level. The reason I bought in Airasia is to hedge against my Supermax taking advantage of US dollar depreciation since FED continue to print money. Airasia will be benefited if Ringgit getting strong while Supermax will be good if Ringgit depreciated. Will stick to this two stocks in the mean times since have no idea on the outcome in October. Saving more bullet to prepare for some real correction, hope this time is for real.

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