Fact is, when TG issued it's QR it was running at 118 x PE on current earnings (now at around 60+PE). What it means is it was running in anticipation of future earnings. However, before it reaches its ultimate goal, it has to take a rest. It has to digest the information that came out, and it has to shake out weak holders, and new funds have to take position. It will resume its journey when it's refueled. If we're not patient, we can get off the bus, because there's no telling how long we'll be at the petrol station.

@george, totally agree

You buy 400 lots and you’re asking us what price to sell?

When you say 400 lots, do you mean 400,000 shares? That’s quite serious business.

hahaha, this mf never gives up...persistent cat !

@tiantsai, at this moment % increase in revenue will not match % increase in earnings as ASP of gloves and perhaps better cost are the main drivers.

@sharesnewbie, we will get a real feel of things to come when we see the Q4 report. Meantime, we just wait patiently.

tiantsai, there's no denying the PER is at lofty levels at the moment, hence, the correction to more palatable levels before the excitement of Q4 results come into play, which will lower the PER and perhaps give us a real feel of what the future really holds...I've never argued against those saying the price will correct, because it's normal for the stock to find a footing/base after a run up.

yes, IB reports must be read with caution, however, let's use some common sense here...Q3 profits for Supermx doubled. That hasn't even factored in the worst of the pandemic in April & May. Also, it's not like the pandemic is over. In fact, it seems to be getting worse, just that the media is not focusing on it as before.

Yes, how can you compare face masks vs gloves? Key word - barrier to entry! Go check it up.

massive shakeout today !

not totally a hammer, maybe more like a lollypop...but i'll take it ! haha!

each time the support holds, it gets stronger ! let's see if today's performance marks a reversal

a strong finish !

what they do the next hour crucial

operators have makan quite a bit already...

hold...don't let the operators fool you with the busy transactions !

Wonder how much they collected in the panic

Operators having a field day.

Guess who is buying and selling to each other and who’s caught in the middle of it all?

Operators are doing a great job generating a panic !

Thanks Melanie. Will take note. You’ll be out of supermx I’m guessing.

@kimgold, thanks for your response. I really think everyone really needs to chill in this forum. Friction is created because we just think that a stock can only go one way. if we're mid to long term, hold and ride the ups and downs. The recent run up that the gloves had is an anomaly...yes, we want a repeat of it, but we need to be patient...

Make no mistake, this sector is going to make a bomb ! :)

@kimgold, i appreciate different views in this forum...i have a question for you. since you're hanging around after you've sold, you must still have interest in this stock...who doesn't right?

Granted, nobody has a crystal ball, but what price would you start buying again? curious...

yes, you're a big player...for an average investor, what price should he/she be buying again?

@jiasaihooi, that’s because they likely picked up yesterday for a quick trade. Mid to long term investors have to try to cut out the NOISE

1) stock is obviously on a long term uptrend
2) yesterday it was at an area of value ie support line as well as the 20 MA
3) today seemed to be a reversal pattern

Wouldn’t this be points where you short term traders be interested in?

In any case, I’m holding at least til Aug, coz the stars have aligned for rubber gloves. And this happens very rarely.

now, i'm no expert in TA but would this be considered a bullish harami reversal? anybody?

It’s massive force sell day for those trapped during the topglov QR release day.

when it's green people shout RM20, when it's red people shout RM2. If you're easily affected, don't read the forum. :)

@tiantsai, that's why i mentioned some time ago, you may sell some and hold some...if it goes up you have holdings, and if it goes down, you can buy back...everyone has their own style of investing...to everyone their own...no right, no wrong...

to remind folks on why you bought into gloves in the first place...sea of red sometimes clouds the memory

1) phenomenal current and future profits

2) very few other industries for investors/funds to go in for profits in the pandemic (this fact will be shockingly clear in the next quarter)

3) our companies are world beaters/class in this industry

it's consolidating because the prices have run ahead of itself. After profit taking, and some consolidation, it should start on another wave upwards again. Don't waver just because of a few DOOMSDAY comments...

in times of correction, funds/investors just use any reason to profit take...

"European markets fall as virus concerns linger" - at some other time, this caption would have pushed glove counters up. It's just that it's a little high at the moment and funds want to cash out...

The same news headlines can be used two ways !

We're in the middle of a worldwide pandemic and it's not improved. Nothing has changed in terms of the fundamentals of the stock

keep your eye on the ball and hold...quality will shine through !

As profit taking starts to subside, bottom fishing will start to take over...soon I hope...

Bought more at 6.81...was hoping the last lows would hold...let's see tomorrow !

If you’re mid term holder ie till aug then don’t be shaken. Corrections and consolidation is part and parcel. I

For those who think a vaccine is coming within this year, they are dreaming. Even if there is, it’s will take time to administer and take effect.

Sadly, the world will be saddled by the virus for a long time.

Actually, there’s just a difference in styles and timeframes that’s causing this friction here. Everyone just has to accept that some of the traders may be right that the stock is a little weak and may consolidate for a while.

If they sell and catch cheaper, good for them. If they sell and price goes up, good for the long players. End of the day, no need to get upset. I’m both, I sold 1/4 and hold 3/4.

Don’t know whether previous pattern will repeat itself, but any major dip you better be quick, otherwise you will miss it. Why? There are many who’s waiting to jump in. That’s for sure.

1) do you think the bankers/operators pushed it down for retailers to sweep and accumulate all the way up? Of course not.
2) do you think they would do another round when retailers are waiting to swoop in, now that they know what happened today? Who knows, the operators may be that dumb. Will they be?
3) do you think those with margins from banks that did not call a capping didn't sell yet? Would they not sell in anticipation that it will happen to them? Would they not have sold in the panic this morning? After all, it's one helluva huge volume day.
4) do you think the funds wouldn't be climbing over each other to accumulate when the prices fall, especially like today?
5) main thing is, do you believe in the earnings that will be coming in the coming quarters? If you do, don't worry...many will be clamoring to jump in when prices are depressed !

looking at the forum, trying to chart the emotional cycle of the market against supermax investors, I'd say many have just passed the state of euphoria (and maybe still in euphoria) and gone to the stage of complacency. You know what happens when we're complacent...yes, it may still go green today...but be wary, not complacent...sell into strength, not weakness. Good luck !

Hope this bear is super fresh after such a long hibernation !

it's force sell day !

yup, i think so too

a perfect scenario :

i) strong Q4
II) vietnam divestment news out
iii) NFCP project win

Sense is there, delay is also there. Pray that the divestment happens, and happens soon.

I believe it mentioned listing 2021/2022 but there should be a divestment in the Vietnam assets to facilitate growth. That should be the short term catalyst. However, that seems elusive, since that was supposed to happen end of last year. Hope that really materializes soon.

good shakeout ! quick cleansing of weak holders...now wait for Quarterly report !

Bigger picture indeed !

This counter is indeed a brutal one, squeezing every ounce of patience from its investors.

Not saying you don’t listen to alternative views, but listen to people who make a case with substance and logic. But if you’re a trader and gambler, feel free to listen to them !

Don’t worry, the two court jesters will be back. By that time the stock would have gone up another xx% already. Then they’ll call for a drop and pretend like stock gurus when a correction happens. And the best thing is, their reason for calling sell will simply be because the stock has gone up “too much”.

Who will listen to those without depth or substance? Idiots will...the good news to the two is, there’s an idiot born every minute. So, they have a market. Have a good weekend guys and gals !

Then too bad bro ! Too bad