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@Boomberg, Any update of takeover news? Today already 30th June, any announcement about takeover?

Actually all the glove counters price non stop dropping until now at so low level mainly bcoz of the selling from forreign and local institutions funds. That means so far forreign and local funds are the net sellers of glove stocks but retailers are the net buyers to collect all their sold tickets. Thus u can see all the glove counters are mainly dominated by retailers trading, lack of funds trading now.

U know why forreign and local institution funds keep on selling to exit from glove counters bcoz they have foreseen the oversupply of gloves, the gradual decline of glove demand although it still higher than pre-pandemic level, the significant drop of ASP and the unsustainability of company super profit post-pandemic. Thus all the institution funds act ahead the retailers to sell and reduce their glove positions since end of last year until now.

Aside from RSS, the drop of glove counters price also much caused by the forreign and local institutions funds selling for exit.

Homily chart until now indicated no funds flow into this counter, mainly dominated by retailers trading thus no big rebound and no reversal only the minor price up goreng can't last long would drop back again later. Anyway if can just make the small token profit or minor cut loss for exit opportunity.

Bursa or government won't ban RSS bcoz they have to concern by doing that would be protested by forreign funds which would sell down the klci index to exit from local market which would crash and more people would be trapped to lose money. Bursa would reply that RSS maximum 4% only a small proportion that won't affect much on the stock and market operation. Bursa would reply that so far have RSS nothing wrong with the market which still able to stand at high level doesn't crash, why want to ban it.

Wait to see tomorrow any limit up or the price drop back.

Anyway if no funds in, only the retailers trading, any price up due to whatever effects like the increase of cases or delta variant spread would be short-lived can't last long, later would drop back again bcoz of no funds goreng.

Agreed with invest_mslaysia, if u are so called long term investors why so bother about short term price up and the negative report? If so bother that bcoz u are the trapped gamblers waiting for rebound to release and scare of the price can't go up affected by the negative report.

Go and check the homily chart clearly indicated no funds flow into this counter, is just dominated by retailers trading. U can derive homily chart from YouTube.

Only the retailers trading, so far no funds in, without funds goreng how far it can go up? Later would drop back again.

No funds in, only retailers trading, little goreng up only. No big rebound as what u expect, it would drop back again later. Wait to see how long it can last.

Can see now so many trapped ones so called "long term investors" are so excited come out to celebrate with the little price up just bcoz hope for rebound to release.

Don't be so happy with price little up if can better take profit or cut minor loss bcoz it would drop back again due to only retailers trading and no funds in to goreng.

People buying glove counters now just for short term play only, price up little with small token profit will sell, don't chase high, high selling pressure from the trapped ones rush to unload, no funds in to goreng. Like this how to limit up? How price goes up rocket high? How to have bull cycle again like last year? Hopeless, now only left the trapped ones dreaming day and night with their own imaginations and assumptions of FA and rebound wish to release.

Now TA is more important than FA in glove counters. The price up and down is more dependent on TA.

Totally agreed with @Glovesoff.

How to limit up? U sailang all in also can't limit up. The trapped like u until crazy dreaming day and night for price up to release. Pity u.

How is the history of supermx pre-pandemic? Did it earn super profit pre-pandemic? Did it hold 4 billions of cash pile pre-pandemic?
If pandemic doesn't arise, can supermx earn super profit now? Can supermx have 4 billions of cash pile now? Just think logically its super profit and huge cash piles all bcoz of the pandemic.
Thus when pandemic under control over later supermx won't have these benefits already. Without these benefits, its price tends to drop lower and lower eventually after one or two years later would be just near to its pre-pandemic price.

Price can't go up blame this blame that blame shorties blame manipulation blame market blame RSS. This is the usual behavior of trapped glovers now.

All the trapped ones called themselves long term investors but every day looking at the price hoping for rebound to unload. If so called long term investors should never bother the short term price movement just keep and stay away never look at it.

Trapped glovers pandai to blame this blame that blame shorties blame manipulation blame market but never blame themselves. This is already the usual behavior of trapped glovers.

Now many trapped retailers in glove counters are living in illusional world dreaming day and night for the stock price up and investing based on their own beautified imaginations and assumptions without logical and realistic thinking.

Furthermore high selling pressure from the trapped ones waiting to release that would be the strong resistance for the price up. Once the price goes up, many trapped ones including u would rush to sell unload. Thus how can the price shoot up high this time?

After the last year super bull cycle many retailers already trapped a lot in glove counters lack of bullets many already scared of being trapped don't chase high to buy now thus weak buying force from retailers. Most of the funds already unloaded their positions exited from glove counters already and the funds managers knowing many retailers trapped waiting to unload release thus at this moment they won't come back to goreng push up the price let the trapped ones sell to them. Thus with the weak buying force from retailers and without funds come back to goreng, how to have like the last year glove mania, glove hype and super bull repeat this time? Logically think it.

Bursa won't ban RSS bcoz it would cause protest by forreign investors and severe outflow of forreign funds again from local market that would lead to klci index drop further lower. Bursa needs to concern this and doesn't want this to happen. Furthermore Bursa would say RSS maximum 4% only a small proportion that doesn't negatively affect the stock and the market. Bursa would say so far klci index doesn't crash still can stand at high level even with the RSS on. Nothing wrong.

This time of 6 months loan moratorium is different situations from the first time at beginning of last year. Bcoz last year pandemic just started many people have much saving and money to spend for their living hood that the money saved from loan moratorium put in stock market but this time now many people unemployed and business badly affected by the prolonged pandemic that many already suffered in financial problem lack of money more than one year already that loan moratorium this time they really spend for their living hood and not much can put in stock market. So don't expect it can help to stimulate stock price this time.

Overall we can say whatever already happened in last year including the glove mania, glove hype and glove super bull cycle won't repeat anymore in this year. Face and accept the reality. If u don't believe, just let time and the market to present for u. Wait to see.

Bursa won't ban RSS bcoz it would cause protest by forreign investors and severe outflow of forreign funds again from local market that would lead to klci index drop further lower. Bursa needs to concern this and doesn't want this to happen. Furthermore Bursa would say RSS maximum 4% only a small proportion that doesn't negatively affect the stock and the market. Bursa would say so far klci index doesn't crash still can stand at high level even with the RSS on. Nothing wrong.

This time of 6 months loan moratorium is different situations from the first time at beginning of last year. Bcoz last year pandemic just started many people have much saving and money to spend for their living hood that the money saved from loan moratorium put in stock market but this time now many people unemployed and business badly affected by the prolonged pandemic that many already suffered in financial problem lack of money more than one year already that loan moratorium this time they really spend for their living hood and not much can put in stock market. So don't expect it can help to stimulate stock price this time.

Overall we can say whatever already happened in last year including the glove mania, glove hype and glove super bull cycle won't repeat anymore in this year. Face and accept the reality. If u don't believe, just let time and the market to present for u. Wait to see.

All glove counters drop to new low. Thus would be lower and lower soon.

TA view of this counter: Already broken the previous support level from which the bull cycle started at beginning of last year thus possible to drop further lower. Homily chart indicated so far until today no funds and no big players in, only dominated by retailers trading. Thus without funds to goreng it tends to be stagnant downwards. From the view of TA should be no big rebound. Dominated by retailers trading if up only by few cents or 10 cents to 20 cents then would drop again.

Should be substantial paper loss for all the 5 glove counters bought. Even average down how much u can do that. If all the glove counters further drop lower in coming time and then just be stagnant at low level for long long time don't know what feeling is when seeing the substantial loss in portfolio all the time.

Mostly those sign the petition are the trapped glovers bcoz they think RSS caused the glove stocks price dropped. Hahahahaha, all the trapped glovers now go to beg Bursa to rescue them.

No matter how many signatures got for the petition, it can't help to ban the RSS. Bursa would not do that bcoz more concern about the possibility and consequences of forreign investors and forreign funds to exit from local market if RSS ban. The klse index will drop much lower due to the exit of forreign funds from local market upon the ban of RSS that Bursa would more concern than the retailers request of RSS ban. Thus Bursa won't ban RSS and it would reply to u that RSS only up to maximum 4% just a small proportion doesn't affect much on the stock. Bursa will say now with RSS the market still able to stand at high level doesn't crash, can see RSS doesn't negatively affect the market operation.

Since the delta variant news and the lock down in some city already known by the public, people already used to it no more fear. According to medical experts and WHO said it is controllable by the third jab of improved upgraded vaccine thus the prevention is in progress will make it under control. So far the glove stocks including supermx are no response to this delta variant news, no buying force and price doesn't go up due to it. Only some trapped ones here so concern it to hope for another up cycle upon the news let them have chance to release, it seems they will be disappointed.

Don't worry lah time would tell all the things lah, just patiently wait to see lah.

Yes, every dog has its day but when, after 5 years? after 10 years? or after 20 years? even when next new pandemic or endemic come?

Delta variant going to spread attack whole world is too early to say now everything is just your imagination and own assumption. Let time to present it. Time would tell the truth won't lie. Just wait to see. I have saved all the postings created by someones here about the spread of delta variant in the world that would be used for verification in the coming time to see whether it's true or not.