Yes, tactically i continue to believe the run up will be on the market leaders first. May be a good idea to switch to Top Glove and Kossan first and later switch back. Either that or you will have to be patient a bit and hope for the best!

Existing shares instead of new shares so no dilution. Also, I heard maybe even minority shareholders can choose to transfer their shares to Singapore. Sounds like it may interest a lot of people.

Good start! Looks like a good day. Thanks to ringgit and Top Glove. If you didn't buy the market leaders eg Kossan and Top Glove last Thurday, you could be missing the boat! Hehe

Good morning guys! US markets held up well despite the fall in oil prices overnight. Remember to keep eye on big picture as this week we got a few central bank meetings. Later this morning we got BOJ and later tonight FOMC is starting.

On gloves, let's hope sentiment improves today. Ringgit a bit weaker at 4.1165. We got Top Glove results tomorrow and overnight Top Gloves announced intentions for a secondary listing in Singapore. Maybe Supermax should consider that too since its local institutional support is quite weak. Longer term, gloves has corrected a lot and are attractive at these levels.

Remember to do your own research and not to blindly follow anyone's calls. Be safe online. Happy Trading and Have a good one!

Guys!. Top Glove made a bursa announcement for a secondary listing on the Singapore Stock Exchange. Goodness. Isn't that supposed to be good?

The One, do you follow any other stock closely? Any good stocks?

The One, true that Supermax has been a bit of a disappointment. Losing money is always painful but i think seasoned traders knows the risk of short term trading and are prepared to make fast gains and losses. However, cases where innocent investors get lured to trade short term because got people say their calls sure make money, 100% accurate etc, those are going to hurt people.

Kossan and Harta which are glove stocks with higher PEs held up very well while the lower PE Top Glove and Supermax came under selling pressure. So as long as the big picture stays healthy, there is a chance Top Glove and Supermax will recover in the coming days. Let's hope and see. Most of the glove stocks are still well above their price levels last Thursday when the rebound started and so many people should still be sitting on gains. It is good that they did not miss the boat.

Keep eye on big picture. FOMC meeting starts tomorrow night. As always do your own research and don't follow anyone blindly online.

ringgit at 4.1097.

ringgit at 4.1055

You are obviously from the same dishonest group or not very smart at seeing who is telling the truth.

Read comments carefully,

ringgit at 4.1061. Volatile.

Read comments carefully, don't lie.

The One, going as predicted, Superrmax is a laggard. Don't forget the bigger reason to continue to comment here and that is to fight for anyone to make comments here without being harassed by this dishonest group. I think I am winning, look at how increasingly desperate their attacks are becoming, hehe

My comments on markets and gloves in early Jan 16 reposted below.

Stock: [SUPERMX]: SUPERMAX CORPORATION BHD

Jan 7, 2016 02:07 PM | Report Abuse

The fundamentals of glove stocks are strong and will benefit from the lower commodity price and weak ringgit BUT the short term market outlook is very uncertain. So for a trader, it may be safer to sell first and see how US markets do tonight and how the China market behave when trading resumes tomorrow. Maybe i am wrong but even as a longer term investor I am beginning to worry about the market.

Stock: [SUPERMX]: SUPERMAX CORPORATION BHD

Mar 11, 2016 08:32 PM | Report Abuse

This is quite funny actually. When I spoke about suspicious calls this morning I just referred to "a group of dishonest people on this thread", i did not mention anyone's name. But suddenly these few people came out to justify their call and to harass me. Clearly, these must be the guilty ones then. Like the say, siapa yang makan cili, dia yang rasa pedas. Ok now we know who you are, thanks for admitting (no names given here). Hehe.

The One, yah i agree Supermax is a laggard for a few reasons. That is why I have been saying the buying interest will be on market leaders and then only later rotate to laggards. So it is going as just as predicted! Hehe. Anyway, i have often warned readers that short term prediction are impossible to get right consistently. I have not tried to mislead anyone, I hope. Hehe

The One, my views are on the market and the glove sectors too, not always just on Supermax which I think will be a laggard. Not worried about the attacks, I find them quite funny and their curses and insults show to readers how desperate they are trying to stop others from giving a balanced view here. Thanks. Do keep putting your honest view here.

ringgit at 4.1025. Maybe sentiment on exporters will improve in the afternoon? No crystal ball, hehe

ringgit at 4.1012. Maybe sentiment will improve for exporters in the afternoon? No crystal ball. Hehe

The One, thanks for your thoughts but I am not really promoting any stock. I am just fighting to make sure people can share their views on this thread without being harassed by people who obviously got a hidden agenda on this forum. Losing edge? Because they work as a group to curse and insult?. Hehe. That is small matter only. The more they do it the clearer it will be to readers that they are trying very hard to trap people by getting people to only follow their calls. If readers start being careful on this thread, my objective is being reached already. So I think I am doing quite well. That is why they attack so desperately. Hehe Thanks again.

Back from lunch. Wah, as expected KLCI Index is higher as investors now better understand ECB's action. Regionals are also up. Great. Action may be more on the index linked and bigger caps for now.

On gloves, there are some profit taking and except for Supermax, the rest are still well above their levels last Thursday when the rebound started. These levels are still good for longer term investors, In the short term, i suspect it is not game over yet (just my thoughts, can easily be wrong). All eyes are on Top Gloves resuls on Wed. There could be some concern that its q-o-q results could be under some pressure due to the stonger ringgit over the last 3 months. Remember also, FOMC meeting starting tomorrow. As always, keep eye on big picture.

Your guess as good as anybody's but I suspect interest will be on the market leaders before rotating to laggards. FOMC meeting this week, keep eye on big picture.

ringgit at 4.0901. slightly weaker this morning but can be volatile.

Good morning guys. Yes!! Global markets rallied on Friday as expected (see my comments posted on Friday below). It is risk-on again in the near term and that is good news for all of us. Ringgit however a bit volatile because although USD strengthened, oil also up. Overall, I think (or rather i hope) positive momentum on gloves will continue early this week ahead of Top Glove's results on Wed. Happy Trading!


Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD

Mar 11, 2016 08:54 AM | Report Abuse

Good morning guys! I think ECB action being misinterpreted by investors. My take is that it is more positive than it appears. Good for markets short term. Expect positive momentum on exporters to remain positive. Don't miss the boat..Hope for the best!

Good morning guys! As expect (see my comments below), global markets rallied Friday after the initial negative reaction on Thursday to ECB's policy statement. I say it again, the ECB stimulus is good for equities and it is risk-on in the near term (good news for all of us!)

The positive outlook on equities is good for sentiment on gloves. However, the ringgit outlook is volatile, with USD strengthening but oil also rising. Overall, if you are a long term investor, these levels are good to buy and hold. Short term predictions are almost impossible to get right regularly - i was right to call a short term buy on Thursday but can easily be wrong going forward. Anyway, my short term view is that if you haven't bought on Thursday you are missing the boat!. I expect (or rather i hope) that momentum on gloves will continue early this week. Again, expect interest to be in market leaders and later rotating to laggards. As usual, make your own decision and don't follow anyone blindly. Stay safe online.

Mar 11, 2016 08:48 AM | Report Abuse

Wow what a night! Choppy markets after ECB cut rates to negative and expanded QE! Looks at how the markets cannot agree what the implications are. My take is that the market's last night reaction may be wrong. The actions taken by ECB is stronger than it appears and they still have room to do more.

Weekend thoughts:

With prices of glove stocks, especially Top Glove and Kossan, up strongly on Thursday and Friday, even my short term calls were spot on! (see my comments I posted on Thursday below). Maybe I should claim to be a stock guru with 100% correct accuracy too! hehe. No lah, I won't do that as that would be dishonest. I was right this time, due to a lot to luck, but could easily be wrong next time. Best to keep to longer term. At these levels, most gloves stocks including Supemax are attractive if you are willing to hold.

Mar 10, 2016 03:11 PM | Report Abuse

Safe to say if longer term, these levels look good. If trade, must be careful not to be caught. More interest in the better glove stocks at the start then maybe go to laggards if momentum continues.

Mar 10, 2016 04:41 PM | Report Abuse

Not easy to predict short term. No crystal ball but momentum looks good for a while more. Don't miss the boat if you are willing to take the risks. Often it moves from market leaders to laggards. Make up your own mind, don't foilow anyone blindly.

People who don't respect other people's views do not respect themselves. Readers should ask why this group of people challenges everyone who has a view different from them? And if this person continues to say his views, the whole group will start harassing him, often with curses and insults. Sound like market gurus or con men? (as usual no names). Hehe

Ok, thanks. Quite a different topic from gloves though. hehe

All the best. Bye

This is quite funny actually. When I spoke about suspicious calls this morning I just referred to "a group of dishonest people on this thread", i did not mention anyone's name. But suddenly these few people came out to justify their call and to harass me. Clearly, these must be the guilty ones then. Like the say, siapa yang makan cili, dia yang rasa pedas. Ok now we know who you are, thanks for admitting (no names given here). Hehe.

Supermax closed unchanged despite the stronger ringgit. Market leaders like Top Glove and Kossan still doing well. Today is Friday also. Overall I think gloves did well. Will see how macro picture evolves over the weekend, maybe momentum for exporters can continue next week.

Yes, then please ignore him. Simple. Why this group can't? They say no value and other insults but they keep reading his comments, hehe.

simple to do but why you and your members can't?. Readers can decide why. Hehe

So please ignore them.

So many of you in the group against one also cannot think of some thing intelligent to say? Actually I also can call my staff in my office to join this forum and gang up too, so easy for me then we can see who got louder voice but I decided no need because when you are telling the truth no need to gang up and no need to be rude. The more you all harass others the clearer it will become who is telling the truth.

You are entitled to your opinion. Give me the right to mine, without harassment.

Definitely. Due to ECB announcement last night.

As usual, cannot comment intelligently but just curse and insult. Congratulations. Hehe

If don't understand, please ignore.

Read my comments carefully. Hehe.

So readers you see they confirmed what I said. Up to you to decide if that is ok or not. Up to readers to decide if they purposely over promised or not. Most important is that readers are aware that these are the risks involved in their calls (no names but I refer to anyone who make dishonest calls).

Some innocent investors got caught recently because some dishonest people claimed that they were sure price will rebound from 2.60 to 2.75. However, the rise was very quick and was over after about half a day. Morning it was buy, afternoon the call was risky. Too short a cycle and so innocent investors and latecomers got caught. So readers please open your eyes to the risks involved in these trades. Often they are traps.

All the best! Bye.

China now up, most regional bourses also reovered. Maybe a reversal as I had hope? Too early to say.

ringgit at 4.0820, quite strong. Keep eye on big picture. Hehe

Heh I am back from lunch.. Hehe. Those jokers with their comments. Readers you decide yourself who to believe. If you think my comments are not believable, feel free to ignore. No worries to me at all. Those who insist you follow them however I think you need to be careful.

On the glove stocks, not bad. Leaders up as expected. Even Supermax up to close at 2.78. Markets however reacting negatively to ECB's comments about no more rate hikes. I think it is an over reaction and will reverse. But for now, ringgit strengthening and may impact sentiment on exporters. As always, if you trade do be careful. If you are a longer term investors, I think gloves at these levels still cheap.

As always, make up your own mind and stay safe online. The group of dishonest people on this thread are quite easy to spot from the insults and curses they say every time they open their mouth. hehe. Happy Trading!

One clear sign of this dishonest group is that they harass other people because they cannot accept other people comments (no names but they are easy to spot, always want to harass and argue with people). They scared people don't follow their calls, then how to trap people?

When trading don't follow others blindly. If they sound like con men, then be careful. They work in a group.