Pfizer just announced that 2 doses not enough, needs a third dose 8 months after the second dose.

Already it is not very effective against the Delta variant. In US, the daily new infections are 7 times more than 2 months ago.

Is this why gloves all green today?

Gloves should have a reboot if above is correct

Delta as % of new cases:
UK - 98%
US - 83%, expected to hit 90+% next week

Against Delta. Pfizer have a low efficacy of 39% {Israel's data}
After 6 months it further dropped to 19%.
A 3rd shot looks unavoidable

All other vaccines should have similar outcomes
All will face waning immunity too

I guess most countries will have no choice but to save livelihood over lives

And we can also forget about reaching herd immunity as it will be like 'kucing bertanduk'. Not when variants like Delta can so easily cause breakthrough and escape. Soon there will be other variants presumably more infectious than the last

Any RSS activity detected today?

BursaBets buying spree losing steam
This came out before the start of trading today.

BursaBets only came into being last Thursday evening. Last Friday was the only first time they have an impact on trading. Today is only the second day.

Before even trading started they already knew BursaBets buying spree losing steam! Better than the Oracle of Omaha.

Top Glove (SGX) closed at 2.28 (UP 4.59%)
Tomorrow will gap up at Bursa again on opening.

Glove prices will recover thou

China's manufacturing activity eased in January, posting the slowest rate of expansion for seven months amid weak demand for exports and the domestic resurgence of Covid-19, according to a private survey of manufacturers.

Malaysia FDI down, GDP down, virus infections up.
Still certain on recovery?

One person infected 2 million people in lockdown in Perth, Western Australia.

Goldman Sachs believes that for now, the retail solidarity action will continue. Compared with the US stock market peak in 2000, the current U.S. household savings scale is at a high level, and there will be more than 1 trillion US dollars in additional financial support, which means retail investors. "Ammunition" is sufficient. If the short position continues, US stocks will face risks.

Takut belum?

I think (I may be wrong) RSS is for show only. The main event already over and RSS is only icing on the cake nia.

How can one short sell and allow prices to rise?

Dec 31 Closing Prices:
Top Glove - 6.12
Harta - 12.14
SuperMax - 6.01
Kossan - 4.50

Jan 29 Closing Prices:
Top Glove - 6.74 (UP 62 cents)
Harta - 12.86 (UP 72 cents)
SuperMax - 6.80 (UP 79 cents)
Kossan - 4.45 (DOWN 5 cents)

SuperMax started in 1987. 38 years in operation and all those years of net profit added up cannot reach RM4 Billion. FY21 SuperMax will net nothing less than RM4 Billion. Already have RM1.9 Billion int eh bag after 2 quarters and the final 2 quarters will be even more profitable.

The GameStop fever is spreading globally. Many oversea Malaysians are asking about how to trade Top Glove shares. Follow those discussions on Telegram and Reddit to get the mood.

On Friday, Telegram's Top Glove Investors Discussion group had only 21K members but growing. With fresh support led by Telegram and Reddit groupies, Top Glove joined the day's most active list. In fact, the only non-penny stock to do so!

All glove stocks on Bursa ended the day UP thou the Index was down 14 points.

Over the weekend, more members joined Telegram and Reddit's BursaBets.

Those in the opposition camp are already sweating. Besides bad mouthing the glove counters what else can they do.

Hold on to your shares and join history in the making.
Top Glove (SGX) traded UP again this morning.

https://seekingalpha.com/instablog/2918951-g-hudson/1026551-how-the-big-players-manipulate-the-stock-market

How The Big Players Manipulate The Stock Market
How it works
First information is widely distributed to make investors wonder about the company and to put fear into those longs that hold the stock.

Next, high volume shorting takes place to drive the company's share price down.

Sounds familiar?

Last year any vaccine news will result in immediate price drop for glove stocks.

Now every other day we hear of new variants and how the current vaccines are less able to handle them.

So what must happen to share prices for glove stocks?

JP Morgan and Bitcoin
From bear to bull.

JP Morgan and Top Glove
Will it also be similar?
Initially bearish with 12 December report and 11 January update.
Soon to be replaced with bullish support.

Their glove holdings reported to be rising.

RSS on Top Glove will be covered by March. Else have to pay high dividends to owners of borrowed shares beside the borrowing fee.

And we know Top Glove gives out high dividends. Next Q profits will be very high and expected dividends is usual 50% + special 20% more.

The short sellers will be rushing for cover.

Why do you think they chose to short Top Glove from 4 January?
Quarter ends February so have 2 months no dividends to worry about.

U.S. CDC issues federal transportation mask mandate effective Feb. 1

The U.S. Centers for Disease Control and Prevention (CDC) issued an order on Friday requiring masks on interstate transportation and at transit hubs, including airplanes, mass transit, taxis and trains, starting February 1 at 11:59 p.m. EST.

The mask mandate also covers ride-share vehicles and subways and makes not wearing a mask as instructed a violation of federal law, said the CDC.

Vaccination alone not enough.

We buy shares hoping to make some profits out of it. When prices rise there is capital appreciation.

Nobody buys shares hoping to lose.
Oops, I am sorry, there are such characters around.
The most famous one must be the Russian novelist, Fyodor Dostoevsky.
He is unhappy when he wins in gambling and when he loses he is glad. The bigger his losses he can even get a hard-on!

Would it have been better if no first interim dividend given out?

@vaccineneedgloves Duopharma makes syringes and needles but their pe is 5 times than supermax.

Thank you so much for the help

Any listed counters on Bursa that makes syringes and needles?
They are very much in demand now and prices have gone up 4X already.

Short Sellers Face End of an Era as Rookies Rule Wall Street

Citron Research and Melvin Capital already pulled out while others are running for cover. This is the power of a 6 million mob of retail investors.

Now the fever is spreading worldwide and even yesterday our Bursa can feel their invigorating impact.

Yesterday Dow dropped below 30,000. When Bursa reopens on Tuesday we can expect another sea of reds except for glove stocks.

Likewise the Covid 19 was first reported in Wuhan China in December 2019 but like the Spanish Flu it was not the first location it appeared.

Earlier similarities found in North Italy and in US many earlier deaths were listed as caused by influenza.

The strain in China is a sub strain and is not prevalent in Europe and US.

From Wikipedia

The Spanish flu, also known as the 1918 flu pandemic, was an unusually deadly influenza pandemic caused by the H1N1 influenza A virus. Lasting from February 1918 to April 1920, it infected 500 million people – about a third of the world's population at the time – in four successive waves. The death toll is typically estimated to have been somewhere between 20 million and 50 million, although estimates range from a conservative 17 million to a possible high of 100 million, making it one of the deadliest pandemics in human history.[3][4][5]

The first observations of illness and mortality were documented in the United States (in Kansas) in March 1918 and then in April in France, Germany and the United Kingdom. To maintain morale, World War I censors minimized these early reports. Newspapers were free to report the epidemic's effects in neutral Spain, such as the grave illness of King Alfonso XIII, and these stories created a false impression of Spain as especially hard hit. This gave rise to the name "Spanish" flu. Historical and epidemiological data are inadequate to identify with certainty the pandemic's geographic origin, with varying views as to its location.[2]

@inPeace Over 400 COVID-19 Deaths in Deadliest Week of Pandemic in Israel

Israel recorded its largest number of coronavirus-related fatalities since the pandemic began this week, according to data released by the Health Ministry.

And they have 30% of their population vaccinated already since 20 December.

The more we read about vaccines the more uncomfortable we become. Today's vaccines are good only for yesterday's virus strains! All cannot handle the newer strains well.

The virus mutates all the time all over the world. Here in Malaysia or any where else. If no genome sequencing is carried out we would not be aware of any new strains. So how effective can our vaccines be?

Then no more TSMC
Only got SMIC left....haha

The US fear China attack Taiwan more

The clothing sweat shops in Asia happen because they are paid peanuts by the US buyer. They pay USD1 per collared T-shirt and retail it back home at USD100.

By the way, there is ZERO Apple factory in China. They are all owned mainly by Foxconn and other contractors. They apply like the T-shirt model. Pay peanuts to their contractors and later selling at exorbitant prices.

Then they have the cheek to apply their ESG standards on Asian factories.

The OEM model might not work in US.
@invesmalaysia Your cost concerns definitely correct.

Maybe SuperMax's OBM, ODM model can see daylight there.

Why do you think the semicon counters are all laughing to the banks. TSMC so swamped with orders they cannot deliver thereby causing a global shortage in chips.

It is not always about costs alone.

Yes, AMD divested their factories and sold to Global Foundries. Since then they became very successful financially.

On the other hand Intel having problems with 7nm. TSMC already mass producing in 5nm and R&D on 3nm even.

US got no option but to ask TSMC to produce in US even thou it is hardly going to be economically viable.

@investmalaysia Bad move to produce in UK and US. Manufacturers in both countries wants to produce in China, India, Vietnam due to cost efficiency.

Not always the case.
TSMC the biggest foundry in the world is pressured to open a factory in US. The security factor might be larger than economics.

2. Those without or with insufficient holding might prefer prices to tank so can accumulate at a lower entry level.

Is that why some people are shorting the shares?

1. Those with shares would want the prices to go up.

2. Those without or with insufficient holding might prefer prices to tank so can accumulate at a lower entry level.

But what happens after accumulating sufficient shares?
Go back to 1.

Today SuperMax closing not so high due to c1a? Next week coast clear should perform better. Now only 6 cents higher than Top Glove.

6 Jan just got free shares. Now get free money. Later will have bonus shares or free money again. Just be patient.

Very satisfying outcome today. Top Glove up 8.5%

With no organization running the show and even confusing to some with groups at Reddit, Telegram and elsewhere all cajoling strangers to join in the action.

This will be a talking point for many over this holiday extended weekend. Of course more will be invited to join the action next week.

Morning session traded volume for Top Glove alone almost 97 million shares. When they come to a consensus the retail players are no minnows.

Fantastic effort from retailers.

I have never seen such a huge gap up on opening for Top Glove and SuperMax even without any other known catalysts.

We have much to thank for this retail effort. At noon break the glove counters are green against a sea of reds.

Is this a preview of better days ahead?

How preposterous can this get.
Time for a fight back.

Look at all the semicon counters on Bursa.
All making ATHs month over month due to scarcity premium. Yet their PEs are not based on forward 2023, 2024, 2025 when demand and supply become normalised.

But glove stocks while making tons now must have PE normalised beyond the end of pandemic. What rubbish thinking?

The last 5 months while the glove manufacturers are reaping supranormal profits our share holdings continue to bleed and drop in value.

@will75
1. Stock - TOPGLOV, SUPERMX, KOSSAN,...
2. Borrower - kenanga investment bank berhad. Kenanga is obligated to return the loan shares
3. Quantity- any quantity, preferably 10k shares and above

Harder for them to borrow shares?
Good, lets fry them together.

Tomorrow Bursa also red.
Banks, Tech, Recovery all red
Healthcare green

Then 7106 will hit $120 soon

Don't just watch and see only.
Join in and enjoy the action
Even more satisfying...

We all love 7106, when interviewed