That is how I think now. No need to queue and get that extra 1 cent. Just sell at market when the stop is hit. Be the first one to get through the door.
I think that HK CWs play are now over. Rebound here and there, that's the best. Maybe 1 to 2 months of consolidation. Today's cheap sale may be cheaper tomorrow. Jan expiration warrant will be in the immediate danger zone.
Another way to sense trouble: Look at the number of CW issues. If it suddenly increases, that means the pro thinks that the market is in trouble. Just remember, they lose if the underlying share goes up.
The bottom line is: Do not buy.