Vivocom is clearly a manipulated stock, if you don't see it by now there must be something wrong with you. However, 'goreng' stock doesn't mean you can't buy in, it depends on the amount of risk you can take and your strategies. 'Goreng' stock and 'growth' stocks are very different, despite both may exhibit a rapid mark up stage.


First thing people must know is that 'goreng' stocks are NOT bought by institutions, hence can be very volatile. In other words, the huge spike are due to large retail investors, syndicates and normal investors (most people). This is why you require different strategies to trade 'goreng' stocks.

Second thing is that small retail investors need to understand that your small participation CANNOT cause 2 consecutive limit downs, even if there is a so-called snowball effect, self-fulfilling prophecies some claim, there must be big retail or syndicate participation. Think about it, even if I give you RM100m, you will not move the stock much, just calculate yourself.

Thirdly, there will always be multiple target prices by the syndicate by which they will slowly transfer their shareholdings to normal investors, this usually is a gradual process. However we saw 2 sharp limit downs recently, this is usually not a manipulation strategy, if we think logically we should know that, how can they maximize their profits doing this. This could possibly be due to to a few reasons, namely: very disruptive news coming out of the company, emergency need of funds by syndicates for other purpose, something happened to the syndicate operation or likely disagreements between syndicates.

So I believe after the storm, if the syndicates are still looking to manipulate and benefit from this, the stock can still go up. However, since there is no proper fundamental price target, investors need to be careful, especially if the price does go back near to previous highs.

I'm putting this here so that more smaller investors are aware, because I know the pain of losing your hard earn money to something you don't understand. I have a finance background, however even so, I gained my experience trading in the market for many years, learning, calculating and reading more.

Investment is a risk, but I hope small investors don't lose their money by being manipulated while thinking they are exposed to normal business risk. However, there are some who are still actively promoting this counter with a lot of confidence, really makes you think why they know so much, and who they represent.

Thanks for your time everyone.

I agree that current glove prices is due to certain parties trying to keep the prices low as 2 warrants (Supermax & Tglove) expiring tomorrow. So I hope to post an opinion, now that recovery stocks like banks are high, many funds already made paper profit from that, eventhough upcoming qtrs will not be very good. If you are a fund manager investing people's money, what will you do, would you just park all the money there and hope for the best or would you try to make even more?

Glove is still expected to make good profits in coming qtrs. I agree prices may not be as high as last time, however analyst prices have adjusted using lower PEs and they are still higher than current prices. If you're a fund who wants to lock in profit on the recovery sectors, where would they put the money after this? They might not sell all their recovery stocks, but they will still need to make money nonetheless.

I have move my money from banks and entertainment back to gloves. I could be wrong, thats why I have a cut loss price. So my advice is, don't just listen to all the doomsday prediction above, and also don't be a super fanboy for just 1 sector. Invest wisely everyone.

Think the reason for the fall could be due to much simpler reason. Some parties do stand to benefit from lower prices as 1 supermax and topglove warrant expires in 2 days.

Yes, I agree. I do miss out on some trades because I do my due diligence. There are more than a 1000 counters in Bursa, I'm not missing them all so I'm alright.

I ask because he did his study so he has more info. Nothing wrong to ask.

Hi targetinvest, I see you are strongly pushing for this counter here and in your blog. I agree with your technical buy, provided certain conditions are met, however fundamentally would like more information. I commented this under your post, hope to get some clarification from you.

"Dominan hasn't been profiting since 2018 and their losses has increased up to the recent quarter.

https://klse.i3investor.com/servlets/stk/fin/7169.jsp?type=ttm

I'm interested to have a different view and to invest some money in it. However, it looks merely of a technical buy now, provided it breaks the current resistance with healthy volume. However, fundamentally, What are your numbers to support the RM1 at year end?

To clarify, I'm not saying you are wrong, just want more information to make better decision. There is a responsibility to be clear if you make posts like this as this will affect people's decision and their money."

Dominan hasn't been profiting since 2018 and their losses has increased up to the recent quarter.

https://klse.i3investor.com/servlets/stk/fin/7169.jsp?type=ttm

I'm interested to have a different view and to invest some money in it. However, it looks merely of a technical buy now, provided it breaks the current resistance with healthy volume. However, fundamentally, What are your numbers to support the RM1 at year end?

To clarify, I'm not saying you are wrong, just want more information to make better decision. There is a responsibility to be clear if you make posts like this as this will affect people's decision and their money.

Price rise as EPF now back as substantial shareholder for TG

https://www.theedgemarkets.com/article/epf-stake-buoys-top-gloves-rise-covid19-cases-climb

Its IBs vs IBs now.

It's a conflict of interest from the IBs, especially Macquarie who stand to gain if the share price are lower as they need to settle the warrant prices when it expires. Hence they would manipulate the prices and issue ridiculous price targets for their own gain. Think about it, Maybank and topglove are about the same valuation now, and which company has the REAL profit to back the share prices now? Good that someone took the initiative to report to SC about this. Read the Edge article below for more info.

https://www.theedgemarkets.com/article/when-glove-party-ends-not-just-shareholders-get-burnt

We wouldn't be able to fight the IBs if they choose to drop the price, so all we can do is to understand why its happening, and who are the hypocrites in the market.

Many stocks have risen due to speculation and in the end does not have the results to back it up. Gloves are the only few counters that can back up their share prices with good results. If you have a good cash flow, its not stupid to put a little in gloves at this low point, compared to many other counters out there.

Looking to see if can break 0.2 today.