@asyraf96, why don't you share the news with everyone here? then everyone will buy and push the price up for you. no point keeping it to yourself lol.

https://focusmalaysia.my/mainstream/top-glove-blames-activists-foreign-press-for-us-detention-order/

great news shaving off the margin financing! now only the real investors will be in the glove counters and not speculators. fantastic news! always only buy what you can afford, so you can hold till TP of RM 5.00 and beyond.

If no conmen, no one shouts sell, then how to create panic n uncertainty for ppl to sell? If ppl dont sell, how they buy? Simple logic. In every market there's always willing buyer and willing seller. I personally think that the sellers are those who expect the price to soar after a positive QR, but it didnt, so they are selling now to come back later when theres more momentum. But if you look at the volume, there are also strong buyers queueing to get a piece of JAKS now cuz they want in, when some wants out. No point condemning those who sell folks. Keep calm and trade! :)

Earned n sold first round. Bought back again at 1.35, queueing for more now at 1.23!

This is one interesting counter with lots of clowns.
Basically, there are two types of people in this world.
Type 1 : chase high due to greed, sell low due to fear. can't accept that they buy high and condemns the stock for being hopeless by dropping 5 cents after climbing 20 cents. These ppl are of the opinion that good stocks can only go up and up, never down. So when there is correction, they always panic and sell sell sell. They cannot accept that what goes up must come down, and what goes down will come up. These people hold their stocks for very short term goals, aka punters/gamblers (some call themselves traders).
Type 2 : they happily buy low when type 1 sells, because they understand the value in the stock. They normally believe in the company and the prospect it brings. They ride with the waves and roller coasters because they understand that's what it takes to get rid of type 1. These people keep their stocks until their TP is achieved, and they always do somehow. We call these people investors.

So what are you folks? Sell all you want, buy all you want. At the end, ask yourself - what's your goal? :)

you mean this shark?
https://www.youtube.com/watch?v=R93ce4FZGbc&feature=youtu.be

Engineeringprofit, how much did u short? Do correct me if I'm wrong but I think many would agree that this is a completely healthy correction, looking at how mild it is as compared to the aggressive gain ytd.

Hahaha! Time to collect more :)

That's correct, bigger picture to the destination of 1.80! Some even say 3.00 hahah! Majority of JAKS investors have definitely made a decent profit yesterday, so I don't think any long term buyers are really worried to hold on and ride on with the anticipated correction after such a mad bull. If it corrects, we shop! If it rises, we march on!

waiting for showtime at 4.30 like yesterday!

Bidders are 3X of sellers. Good job folks!

surprisingly not much of a correction! solid stuff! hold on tight to your JAKS folks and we shall break 1.50 in no time, and then back to the glorious 1.80 after a beautiful QR in 2 weeks time! that sounds about right.

Cakes Moon you didn't miss any boat. I sold everything this morning at my TP of 1.23 and watched it go up all the way hahaha! Decided to jump back in before the market closed at 1.35! Next TP is now 1.55! Have faith and hold on tightly to the gorgeous Ms. Universe JAKS folks!

Tmr gap up 1.4! XD

Very nice! Wasnt expecting it too shoot up all the way to touch 1.30 so quickly. Heavy road block there though!

Monday JAKS TP : 1.20!

sell on news, buy on fear..

nice one demusangking! SMA indeed! hahah!

Golden Cross Sell signal is no where in sight. JAKS is looking solid with current volumes.

IB TP:
Affin Hwang : 0.37 (downgraded this morning)
Kenanga : 0.40 (almost there now)
TA : 0.43
AM : 0.46

trade with caution folks.

280M shares traded, yet probably going to close at the same price as opening. Too much dumping at 0.39 from profit taking, simply due to the fact that there's not much upside. No willing buyer to go above that either. Wonder what's gonna happen tmr morning when the dust settles..

so much greed, so little wit..

Market sentiments are driven by rumours and hearsay, but the chart never lies. JAKS will continue flying after the weak sellers are done shaking, while the seasoned investors hold on calmly and continue raking on the cheap. Look at the crazy buy queue!

A Pennant (bullish) chart pattern formed on Jaks yesterday. This signal indicates that the stock may rise to the range of 1.200-1.260 within the next 7 days. The indecision in the market today is just a temporary pause and will definitely break through the upper boundary to resume the advance. Grab them with this retrace.