You know how cocked up this counter is when the recent high of 1.33 can even drop all the way to 1.10. Without support, lower soon.
Will not be surprised if below RM1 again anytime from now.

Nowadays, buying gloves counter equally to dumping money into sea, especially those who bought Supermax. No support and you got played up by the boss' smokescreen.

If not moving up, come down is the only way.
Get ready.

Weak and still no strong support.
Most likely will ended up red today.

Because many followed the goreng trend for the past few weeks, thought glove is back.
Now those who stuck inside got played up by those behind the scene and the boss.

Other glove counter maybe you take profit.
But here, your profit be taken away and you will be trapped for a long time.

Wait for a cheaper price to enter. It took weeks to up that few cents, but days to drop back. You will be trapped inside until you surrender.

Do not put such high hope. You are just following the play.
Now the direction has changed again.

Real one but not sure how long only. So, be prepared for your TP to exit.

Citing a quote in comparison to these two articles below.

1) https://www.theedgemarkets.com/article/supermax-invests-us350m-first-phase-major-manufacturing-facility-us dated December 2021.
"In a statement, the rubber glove maker said the facility will be built in four phases, with the first one to start in the first quarter of 2022 and production to be possible from this phase by the fourth quarter of the same year."

2) https://www.theedgemarkets.com/article/supermax-build-first-manufacturing-facility-us-production-start-circa-2q2023 dated March 2022.
"Production at Supermax's first manufacturing facility in the US pushed back to circa 2Q2023"

Have a thought yourself why should you stuck your money here. This is just the tip of the iceberg. I do not meant to spread fear here but to raise your alert. The truth will always hurt.

hoot9e996, whatever la. I never promote anything here. I'm just giving advises not the suitable time to enter yet. No one is stopping you to live in your own self delusional world, but stop complaining later when you realised something. Hope you are happy later.

Which is why many of you had been warned long ago. If you want your money to stuck here for a long time, not knowing when can release, you may just buy.
Knowing Stanley very well, he cannot be trusted. What else are you expecting later when there is no more good news? Of course your money, you choose to trust scammers here who keep promoting.

Stanley's most precious asset aka promoters will ask you to buy la, what so scared, but mostly hold none a single unit. One even talked cock still hold at 11, then at 0.99 also bought so many, earning already. Their boss been cracking brain real hard to release some "good news" to stimulate the share price. His promoters been promoting from SBB to current US' expansion to call buy.
You can imagine the share price the day when there is no such good news anymore. All back to square.

https://klse.i3investor.com/mqtrader/sf/screener/sigdl.

Click Sell Signals tab and then search for Supermx. Something interesting.

Fly kite, maybe.
As usual, Stanley does some monkey show. SBB is for his own interest if you refer back history.
Enjoy the moment till the upcoming QR.

That is good you have such faith. I hope you still see your wall after the next QR. Maybe then is a ceiling or a penthouse, no one knows.

This forum is getting more interesting. Apparently a liar here claimed to still hold at high previously, suddenly came out with another false statement bought at the lowest had deleted. Beware of scammer or promoter here who has no integrity at all.

@Maridien2. What happened to your RM12 or RM11 ticket?

Stock: [SUPERMX]: SUPERMAX CORP BHD

Mar 15, 2022 10:34 PM | Report Abuse

Just buy la, scare what. I am still holding at 11.

The market itself is irrational.
Even if looking forward 6 months ahead, many buyers still believe Top Glove can outperform. They have been looking forward to so many 6 months ahead, until the day their dream comes true eventually. Those who stuck high already get used to it. No such thing as overvalued.

Food for thought. Why is this selling, if as claimed of so good and underpriced?
Your boss been SBB for so long, perhaps asking some of you here to promote, yet still this selling? Don't you guys wonder and ask your boss what is happening?

You are just speculating it will fly. On what basis?
ASPs increased? No, so far.
CBP revoked? Might not be in this year too.
US' expansion brightful? You could only hope that but in real many already has the answer.
What I see is glove oversupplied, operation cost is high, sneaky management and many other more from the latest QR. Think wisely before you buy.

You know how screwed up it is even when those small gloves can rise more than this counter.
And many knew something you guys could have missed.

Majority stubborn retailers who refused to let go still suffering from "paper loss" so far, not knowing when to release depending on their price. Those who had cut loss earlier relieved.
Do not take SBB as an indicator for buy in as Supermax has a lower averaged price. The rule is still the same, to push up higher and trap more. Unless if you have excessive cash preparing to stuck for a longer time.

The calm before the storm.
Supermax has never been proactive in everything and they been hiding many thing too. Till you realise something is fishy behind, it is too late already. Which is why investors who knew this stay far from this counter. The past history is always a mirror.

What happened to the Texas' 215 acres expansion?

One day show as usual. Weak support, once again you can get cheaper price below RM1 few more days. And this sale moves on for a longer time.

No one stops you from picking up the falling knife.
You may buy, as long as you are happy and prepared for your money stuck for some time.

Look at the price. No difference at all even after SBB. Still downtrending without support.
Stanley wayang kuat just to trap more of you.

The same scenario happened again and again. It is the mirror for all gloves.
How long can Stanley defends this counter? By not declaring dividend for how long? Eventually it will still comes down to where it belongs to.

Let UlarSawa and his glovers live in their delusional world full of their fantastic imagination.

The truth had slapped hard on those faces, yet they still refused to accept it.

Last wave of selling by noon closing but continuous wave of selling after QR issued. The more you buy, the louder you cry.

Simple logic as ABC..
How much else can a short seller makes knowing if it has reached the bottom like what many of you here said? Else, why would the short sell continues?
Perhaps at the same time while you finger pointing at the short seller, please look back at the sentiment also. Many other factors that you could have missed.

SBB will not last forever. Eventually it will still come down. Just a matter of time only. Something bad coming soon.

UlarSawa, you may continue to live in your self-delusional fascinating world.
Let me recap for you the below in case you have forgotten. But it is ok as long as you and your glovers are happy.

Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Dec 9, 2021 8:56 AM | Report Abuse

Yes, UlarSawa. More or less confirmed already a bad result.
A QR that you and glovers will jaw dropped.

One more or less knows the outcome of the upcoming QR.

Do not fancy Stanley too much if you know the history. It is just a matter of time till the true color revealed.
Way back then from the peak, every drop also promoters been claiming it has reached the low. But how low is the low, no one knows. From what I see, from 0 to the current price, there is still a gap. It could be ended up staying long at half of this price, who knows.

Promoters been talking cock singing song like they are having a free ticket.
Stanley SBB also cannot save it from going back to where is supposed to be. What even worst, many take this SBB as an indicator for entrance, ended up stuck few months later down the road.
A very good example look at Top Glove.

Just when you thought it is bottom and cheap already, more cheaper could be here anytime soon.
Do not forget from RM10++ till now, every drop also promoters claiming it cheap.
No doubt one will not lose much at current price. But the money stuck inside could be useful on many things too. What do not goes up, comes down.

Same old trick, been using for so many time. Yet still got some ignorant fell into it.
Just need to push up a little and many will rush in to buy, ended up more got trapped.
Promoters been promoting every now and then with fake and silly craps. This is how they play you up.

What makes this counter special than others?
Dividend yield wise, many more counter is better and constant. Supermax has no such record so far. So, please get the fact right rather than misleading.

Harapkan pagar, pagar makan padi.
Harapkan SBB, sudah tiada lagi.

Beware of the trap. The bottom has yet seen.

So so only, no power at all.
As usual, one day show (green), and then whole week red again.

This week continue the journey to become a penny stock.

Who would want to buy a messed up organization?
No doubt it was once a goose that laid golden egg. But how long can it continue to produce golden egg? After all, oversupplied and ASP driven down is killing it slowly. Read the last quarter report and you may be surprised to find out more.
The owner benefited the most from the golden egg.

Be it 1 billion, 4 billions, 10 trillions or whatever, it has nothing to do with you. That is Supermax's money and in what form are you expecting to get from them? Cash Dividend? No right so far the last QR?
You are just hoping they could "invest" and use those money wisely for future, so that your holding ticket could appreciate. But bear in mind, hope and realistic is always a lot different.

Investment is about 50/50. Anything could happen later. Who knows down the road, Stanley suddenly announce withdraw from the US' expansion, same like what happened to SGX dual listing. Do not forget, we have histories from Supermax.

You can blame anything from IB to warrants to whatever you may think of.
But towards the end, Supermax will still fail you. As their management is not proactive in tackling issues. They are aiming to earn more for themselves but neglecting all those issues around.

Try call their office see if anyone pick up.
Maybe they are still busy counting those rejected stocks. Coming QR will jaw drop again.

What makes Top Glove so special if Harta itself also cannot defend the price from plunging?
After all, they are all on the same trend.

No point arguing much. It still follows the trend to continue dipping.

Paper profit is nothing until you materialised it.

Secondly, the cash flow is for the benefit of an organisation. You see it, but cannot use it no matter how mouth watering you are. If the organisation made a mistake in using the cash flow, you as a shareholder could be a dead duck too. So, do not be happy too soon seeing this much cash flow.

Overall, the earning has nothing to do with you. If Supermax were to be so "generous" as you thought of, you should have gotten your dividend way earlier when the pandemic just started or the profit peaked. But you received it half way when the profit started to decline. So you know what is going on. Food for thought.