Post removed.Why?

Even how good your calculations, talk so much about EPS,PE and its target price are no use if the stock price can't go up much to reflect it. The reality now is stock price can't go up higher upon the company excellent financial results and your anticipation of all fantastic calculations or estimates u make.

If this time the fight raised by the unite of retailers failed, most retailers would lose confidence and no more believe the fight, it's to end.

Those bought around $7 yesterday with intention to fight against shorties are now be trapped. It seems the fight unsuccessful but be trapped. What happen on the unite of retailers? Is it functioning?

During pandemic now, u say supermx undervalued but its price can't go up much to reflect its real value. Then, post pandemic its price can't go up also even might further drop due to pandemic under control or over whether it's still undervalued after pandemic.

Even the shorties can extend the period of holding short position upon the revised agreement with stock lenders if necessary.

How long the short sellers can hold their short position depends on the agreement between the shorties and the stock lenders it can be for a number of months, one year or even one year plus.

According to some stock analysts from ibs, short sellers can hold their short position for one year or even one year plus.

ChickenRoaster, u are so innocent it can't be no one sells the stock openly there are large percentage of stock float in open market u don't sell but others like funds and even other retailers would sell for profit taking. Different investors will trade with different strategy and different investing motives not all the same. There are always buyers and sellers trading in open market.

Although it might be stagnant at current price level now it would definitely drop after some time when funds start to sell off their glove stocks holding as pandemic under control or over may be at end of this year or next year.

If the price continue stagnant at current level can't go up much many trapped at high price can't sell to release themselves even the price doesn't drop further down. That means those trapped at high price would hold their tickets for long-term until next new pandemic come.

As I said it can't steadly stand above $7.

Stagnant, can't even for short-term speculation.

RHB, Kenanga cut Supermax TP on ASP visibility, risk of US venture
Syafiqah Salim/theedgemarkets.com

February 02, 2021 12:40 pm +08

KUALA LUMPUR (Feb 2): RHB Research Institute and Kenanga Research have trimmed their target prices (TPs) for Supermax Corp Bhd due to a lack of visibility of its average selling prices (ASPs) and execution risk of its US venture.

Only those crazy for glove stocks bull come back to push up the price to its target level are in fever and sick. Pity u guys.

Since people including u all won't chase high to buy now in glove counters, would wait to buy at lower price if really want to buy, if everyone acts like this, how the price can go up much. Hopeless.

Usually happen in many counters that it seldom reach the target price set by ibs because the stock price usually drops prior to reaching the target price. Many aspecially the trapped ones would sell to release themselves when the price reaches different resistance levels at its upper part that would pull down the price as well as less people chase to buy at high price for fear of being trapped aspecially in glove counters which are no more bull now. People would chase to buy at high price during bull because the price is up trend but people won't chase to buy at high price when it's no bull and down trend just like what happening in glove counters now.

The ibs still holding glove stocks may be including supermx waiting to sell thus they set high target price for it to give u confidence continue holding and buying it make them easy to sell later. U retailers believe in it would collect the tickets sold by them.

Yes, no doubt the glove stocks super bull and its price rising at beginning of last year was due to the pandemic causing high demand for gloves. However, if the pandemic under control or over later would definitely cause the gloves demand gradually drop to moderate level as stated by supermx during its quarter result release that lead to company profit drop to lower level from its peak, consequently the stock price would definitely drop to lower than current level since it stagnant can't go up much now.

Company super profit or excellent quarter result won't be the only factor for people consider to buy. There are many other factors to be considered including its price movement and its trend whether can provide people opportunity to make money, and whether there are hot money, short term funds and big players do speculation in the counters. If they are not in the counters for speculation to push up the price, the stock price won't go up much just for the sake of excellent quarter result. That means excellent quarter result can't effectively motive people to buy if no other parties involve in speculation.

Hot money, short term funds and big players would not involve in glove counters at this moment because they know very difficult to monitor the price movement in these counters due to short selling on to press down the price and high selling pressure for many trapped ones waiting to sell at its upper part. Thus no speculation by them to push up the price, how the price can go up as u want to $10.80, $12 or even as someone says >$20 just because the excellent quarter result.

Even the price doesn't drop lower at this moment but it also can't go up much and can't steadly stand above $7 now. That means its price stagnant at current level with a little swinging that u all unable to sell at higher price to release your selves. Those aim for the price shoot up to $10.80, $12 or someone here says up to > $20 would be hopeless and very desperate. Pity u.

Funds won't wait until last minute to sell their glove stocks holding. When they forsee the glove companies' profit going to drop from its peak they would start to sell in advance prior to its profit drop. U don't sell can hold it tight tight for long-term until next new pandemic come.

Usually funds would sell in advance ahead of u retailers as they have better source of information, better analysis and better ability to forsee future.

It seems price can't go up to $7, $8, $9, even $10.80 as someone was dreaming here in this forum yesterday. Sure the guy with such wish would be very desperate and disappointed now.

Price can't go up much now those trapped at high price can't sell to release themselves. Why with the retailers in glove counters unite together also no power to push the price higher. Later when the pandemic under control or over all the funds would start to sell off their glove stocks holding for profit taking lead to further price drop because they would see the glove companies' profit tend to drop from its peak due to the glove demand would gradually drop to a moderate level post pandemic as also highlighted by supermx itself in its quarter result declare.

Watch the following for your good:
https://youtu.be/vilCOJPSdBQ

BloomBird, u are so innocent thinking like small boy and dreaming for price to go up as u want. Ridiculous.

Stock market is not so simple as u all think purely with PE and EPS calculation can push up the price. Stock price can't go up on itself if no hot money no short term funds and no big players involved in speculation.

Only minority 10% people in stock market like u focus on company financial results but majority 90% do not see company financial results just do short term speculation to make money. Thus the super profit of company can't effectively stimulate the majority for speculation. Without speculation stock price can't go up much.

All glove counters including supermx were over bought last Friday it seems to be heavy selling for profit taking in the coming few days. Its price might drop lower in these few days. Be aware of being trapped. Especially supermx might have heavy selling on the reality of its quarter result already out as already happened on other glove counters that price drop when or after quarter result out.

Many still in dreaming and imagination, pity u. No need to dream, go to beg supermx boss to push up the price let your wish to become real. Otherwise u all would be in long term dreaming until next new pandemic come only can make your wish real.

Stock market rally could be fuelled by recovery hopes
MARKETS
Monday, 01 Feb 20216:37 AM MYT

"We definitely see high valuations," the Dutch central bank governor Klaas Klob said in an interview on Dutch public television. "Stock markets could be preempting the roll out of vaccines and the reopening of economies. We might be entering the roaring twenties, we don't know.

AMSTERDAM: The continuing rise of stock markets worldwide could be the result of growing hopes of economic recovery, and does not necessarily mean that prices are overly inflated, European Central Bank governing council member Klaas Knot said on Sunday.

"We definitely see high valuations," the Dutch central bank governor said in an interview on Dutch public television.

"Stock markets could be preempting the roll out of vaccines and the reopening of economies. We might be entering the roaring twenties, we don't know.

"Also interest rates are low, which is important for stock valuations and leads to higher stock prices," Knot said.

But Knot warned individual investors against joining the recent rallies in companies such as GameStop.

"If this becomes a race between individuals and professional investors, it is clear who will suffer in the end: the small investor," he said.

Knot said he was "cautiously optimistic" on the chances for economic recovery later in the year, as COVID-19 vaccinations could enable countries to end lockdowns.

"2021 will likely have two faces", he said. "Vaccinations offer the perspective of a way out of this crisis and a much better second half of the year."

Knot said earlier this week that the ECB still had room to cut interest rates if the economic recovery proves too slow to keep its inflation target in sight.

- Reuters
TAGS / KEYWORDS:
ECB , Klaas Klob , Dutch Central Bank , Vaccine , Rollout ,

Too optimistic too believe and over confident about the company fundamentals are your weakness to make u dreaming crazy and trapped losing money.

Because of too optimistic, too believed and over confident about the company super profit will push up the price to high target level set by ibs, a lot u chased and bought at high price being trapped now.

Now again too optimistic, too believe and over confident about the forecast and anticipation of its future profit increase will push up its price in future that also would make u buy more at current price level to be trapped more and again when the price drop lower later due to pandemic under control or over, furthermore it seems to be stagnant can't rise much now and possible to drop further later.

The mad and cracy guys here simply scolding and shouting because desperate, disappointed, hopeless and sad for supermx price stagnant can't go up much no bull and being trapped at high price can't release. Pity u.

KUALA LUMPUR: Market observers believe market regulators will put a stop to the current unusual, "predatory" trading activity soon as it will weigh down Bursa Malaysia's benchmark FBM KLCI and the broader market.

Buoyed by the success of American amateur stock traders who help drive the share price of ailing gaming retailer GameStop via the subreddit "wallstreetbets", some Malaysians have started their own version at social aggregator Reddit, called "bursabets".

Innes said risk mechanisms would kick-off in the short term as the SC and Bursa Malaysia Bhd reign in to regulate the "predatory" trading activity.

"In the meantime, everyone (retail investors) with access to Reddit will be trying to jump on the bandwagon. But the market makers will widen their spread on stocks to make them (investors under the Reddit platform) less tradable," he said.

Innes expects the "predatory" trading activity to abate in a week.

However, stockbrokers can first self-regulate by not accepting the trading accounts from this Reddit community," he added.

OANDA senior market analyst for Asia Pacific Jeffrey Halley said the situation with Reddit/GameStop was unlikely to recur among Malaysian glove makers.

At the end after holding supermx as long term investment for number of years u might find not worth with low dividend return and no or less capital gain or some of u might even get loss for holding at high cost.

Now supermx earning super profit also can't give u high dividend return and its price can't go up much for capital gain, how u can expect it will pay u high dividend return and its price up later when it's no more super profit or its profit drop later due to pandemic under control or over after one year.

Bose00, it's very funny and ridiculous for supermx share holders to be happy With low dividend return and share price stagnant can't go up much for capital gain even though the company earning super profit. Usually people invest in share market aim for making money from dividend return and share price up for capital gain, if these also u can't get it nothing to be happy. Nobody will be happy with the company earning huge profit but can't give u all these may be except u.

Since ibs are allowed to hold its short position for one year or one year plus, they can close position at end of this year or even next year during which the price might drop much lower as pandemic under control or come to the end later.

Goodboy, why ib wants to close its short position at $7, $8, $9, $10 or higher, why not it closes position at $6, $5, $4 or even lower later.

Supermx boss is very stingy never care for the benefit of its stock holders with only a small portion of its profit used for dividend payout even though it earned huge super profit. How to attract people to buy and hold it. There would be high selling pressure due to more and more holders will sell and less buyers. It's nothing worth for buying and holding supermx even though it earned super profit.
Those bought trapped at high price making loss because the small amount of dividend received can't cover the capital put in furthermore its price can't go up much for capital gain.

Water Fish Burger, I agree with u supermx is a lousy stock only give 3.8% so low dividend or only 0.56% dividend yield for every 1000 shares bought at current price $6.80 that even lower than FD rate furthermore its price stagnant can't go up much now can't provide u the capital gain. Why still want to hold it. Why not sell off it to transfer your capital to other better perform stocks with high potential price up and high dividend yield.

Former investment banker Ian Yoong (pic) said that there is unlikely to be a “short squeeze” in glove stocks as experienced by the GameStop shares in the US. Yoong pointed out that about 330 million Top Glove shares have been shorted, which is a small number in comparison to Top Glove’s total float of 5 billion shares in the market. “It is unlikely that a short squeeze can take place.

Only the minority of u in denial mode, refuse to face and accept the truth still dreaming for not achievable high target price, dreaming for another bull come in glove counters, every day blaming so and so for the down of glove stocks and the undervalue of glove stocks, keep on talking about the increase of covid cases here and there and the bad news of vaccines to reinforce your confidence and hope.

However, the facts and reality of glove stocks in long term down trend no more bull unwanted and abandoned by most investors already happened against your wish, make u all very desperate, disappointed, hopeless and annoyed that every day scold and shout here and there like the mad people. All become cracy in whole life for the glove stocks.

Like it or not, many “long only” institutional funds are trimming their positions in Top Glove. Meanwhile, there is an increasing number of analysts cutting their target prices, although they maintain their buy call, implying that the market is valuing the glove makers at a lower premium, as more countries expand their Covid-19 vaccination efforts.

This means the selling pressure is likely to intensify, as Top Glove climbs further. The selling does not only come from short sellers but also those who are holding long positions.

Why short squeeze on Top Glove isn’t as easy to achieve as with GameStop
TheEdge Sat, Jan 30, 2021 01:19am - 1 day ago


KUALA LUMPUR (Jan 30): The glove bears which shorted Top Glove Corp Bhd shares do not seem to have backed off that easily, despite the move initiated by some anonymous investors to get retail investors to buy more Top Glove shares in order to trap the short sellers in short squeeze positions.

When short sellers are short squeezed, they would be in losses as they have to cover their short positions when share prices are climbing, which is against their bet on a bearish market.

The latest data released by Bursa Malaysia shows that the regulated short selling volume on Top Glove was 2.516 million shares, worth RM16.68 million. For the holiday-shortened trading week, a total of 17.24 million shares worth RM110.23 million were shorted at the world’s largest rubber glove manufacturer.

This is far less than the volume in the first trading week of the new year. There were 196.19 million shares worth RM1.09 billion shorted during that week. An old timer in the investing fraternity said he has never seen such weight of money being put on the table before this on Bursa. The short selling volume accounted for 56% of the week’s total volume.

The call for retail investors to gang up against short sellers, who are expected to be institutional investors, was inspired by the wild swing in the share price of the US-based video game retailer GameStop Corp.

To tell a long story short, some hedge funds, which heavily shorted the New York-listed stock, woke up with a short squeeze position. They scrambled to seek more money to cover their short positions, as retail investors swarmed to buy GameStop, driving up the share price sharply. The stock soared 1,700% in two weeks.

This is something that has rarely happened in history.

With what has unfolded on Wall Street, some local investors decided to follow suit to teach short sellers a lesson, by calling on retail investors to buy Top Glove shares to jack up the share price. But no one knows what is their ultimate motive.

Nonetheless, one thing that may not have been highlighted is the differences between GameStop and Top Glove, besides their core business.

GameStop’s market capitalisation stood at US$13.5 billion based on Thursday (Jan 28)’s closing of US$193.60. However, it is worth noting that the share capital of the video game retailer is only 69.7 million shares, with a free float of barely 50.7 million shares, according to Bloomberg.

It is a relatively illiquid stock with such a small number of shares available on the open market. This explains how those retail investors could move the share price by 1,700% in two weeks.

Top Glove, on the other hand, recently completed a one-for-one bonus issue. Its share capital has expanded to 8.02 billion shares. Its free float of shares is about 3.95 billion, according to Bloomberg. It is apparent that it could be an uphill task to lift Top Glove’s share price, compared with GameStop.

Furthermore, it is worth looking at each of their share price trends.

GameStop shares were trading at barely US$19.90 about three weeks back on Jan 11, and they rallied to above US$300 in a short span of time. Unlike Top Glove, there weren't shareholders holding shares at higher prices waiting to sell, when the retail investors acted together to lift GameStop’s share price.

Like it or not, many “long only” institutional funds are trimming their positions in Top Glove. Meanwhile, there is an increasing number of analysts cutting their target prices, although they maintain their buy call, implying that the market is valuing the glove makers at a lower premium, as more countries expand their Covid-19 vaccination efforts.

This means the selling pressure is likely to intensify, as Top Glove climbs further. The selling does not only come from short sellers but also those who are holding long positions.

Beside the powerful share price rally, another factor that has short squeezed the hedge funds is that the net short position at GameStop was as high as 138%, meaning the stock was shorted more than its size of share capital.

The hedge funds were doing “naked short selling” — short selling without any script in hand. The shortage of GameStop shares got even worse in the already illiquid counter, when the fund managers were trying to cover their short positions and retail investors piled in the market. As a result, a short squeeze happened.

On Bursa, the regulator has imposed a 4% limit on the net short position of each approved security that is allowed for short selling.

The net short position at Top Glove was at 239.45 million or 2.92% of its share capital as at Jan 27, Bursa data shows. This is vastly different from GameStop.

KUALA LUMPUR: The Minority Shareholders Watch Group (MSWG) has advised all retail investors to exercise caution in their dealing of stocks, especially due to recent calls in social media to shore up the share price of certain stocks.

Generally, institutional investors tend to have deeper pockets. This is not to underestimate the retailers purchasing power. At the end of the day, it may become an issue of who has deeper pockets and the stamina to sustain their initiatives.

Secondly, there may be some unscrupulous retailers including ‘stockmarket gurus’ who may unload their shares after having encouraged other retailers to drive up the share prices.

“The Securities Commission has constantly warned members of the public against dealing with unlicensed investment advisers as they could be defrauded or used as part of a market manipulation scheme.

Who are roast chicken? I think the cracy and stubburn glove stocks retailers are actually the roast chicken. Wait to see.

Short sellers are entitled to have period of one year or one year plus to buy back the shorted number of shares, can u all retailers consistently keep on buying in such a long period to support the price? Do u all retailers have sufficient bullets to keep on buying in such a long period to support the price? Can u all retailers ensure the price won't drop and one way up all the time in such a long period?

There are many kinds of investors with different trading strategy and different investing motives in stock market. Majority do short-term speculation to aim for short-term profit making, only minority do long-term investment and also some like u focus on company super profit hope it can push up the price to target level.

Thus stock price would be up for people chase to buy and down for profit taking all the time, can't be one way up in long period. U retailers can't control the price in the period of one year or one year plus in which the shorties able to buy back the shorted number of shares at lower price when the price down.

It might be overbought last week and might have large selling for profit taking to pull down the price in next week. Wait to see.

Super profit won't be the only one factor affecting the stock performance there are many other factors to influence it. The stock price won't shoot up purely for its super profit if no hot money, no short term funds and no big players involved in its speculation to push up the price.

U can find already many times happened on glove counters that when or after the company declared its quarter result the stock price drops instead of rising. That means the super profit might not be able to stimulate people to buy it and those who bought prior to the declare of quarter result might sell off for profit taking when or after the quarter result release.