@Huat8huat8.... haha... okey okey bro... chill :) anyway, i made a staggering number in Careplus & Adventa... almost 6x of my net cash worth, much higher than my previous record during the subprime crisis back in 2008... u just need to know when to enter & exit... don't worry learn with the experience... glove will be still lucrative again but u need to re-arrange back the re-entry price point and re-entry timing...

@Huat8huat8 are you ? i'm okey to increase the bet from 10k to 100k cash... real bet, deal ?

@Huat8huat8 do you want to have a bet ? :P hahha... if it never move on almost near or on par with Armada & Hibiscus in terms of %, i'll stop trading for life & also pay you 10k ? deal ? haha

@anson938 actually it is... earlier PPE & glove goreng were made by institution & shark operations... now they've left & huge number of ikan bilis with small fund trading them right now since we have huge retail participation... that will collapse once they lose patience... huge fund owners & institutions still control the stock... MCO lifting will have some impact there as well... consumer & oil rally is awaiting goreng by big fund managers soon.. make sure accumulate while it is low, not when it is climbing aggressively... u should dispose when thing climb very aggresively at some point

@MoneyHeist not really ler... there are more huge fund managers & above 10mil traders here

@serpent100 not everyone is far sighted... many unable to hold and move to glove because rising, but they aren't aware of the danger waiting... its in a real dangerous position... glove was good before when it was on reasonable price... now isn't anymore... oils are in super attractive prices since they're weak... accumulate more when it is weak.. don't be scared

i've acquired another 40k lots today at 0.17... i've disposed more shares in NYSE yesterday night and bringing the fund to Velesto to accumulate & also another consumer counter i'm targeting on...

as usual, oil speculation on the OPEC meeting bring the price stagnant at $39 for Brent & $37 for WTI... hold & wait in 2 ~ 3 weeks, you'll see how aggressive oil can climb... too many ikan bilis in gloves now doing goreng (those whom are really experienced can see it).. i will only goreng small fund there in gloves on and off for short term... my major funds are stocked at oils & consumer... i've got too many warnings from my banking counterparts for gloves... silent accumulation have started in oil & consumer stocks at current bargain price...

https://oilprice.com/Latest-Energy-News/World-News/Russias-Energy-Minister-Sees-Shortage-In-Oil-Market-Next-Month.html

@limec86 will be a little slower or take time.. i'm looking for reasonable short term at 0.62 :)

@Arthur546 yes, Rakuten & Maybank hang... not sure about others yet... at the same time i also now see Adventa/Comfort/Careplus/HLT/Supermax all showing same movement again while many trading platforms are down... interesting...

so does my fund acquisition for Velesto... buying also cannot since i'm intending to accumulate some now at current price.. sigh

i have a strong feeling sometimes the trading platforms are fishy... though they're controlled by regulated bodies & BNM... this never happened for me in UBS/E-Trade for NYSE shares... some big fund holders can incur huge losses for missing the mark to sell at intended margin... now i incur 5% losses as of now in my AirAsia share disposal for unable to sell when it was still at profiting price...

woah.... confirm ??? you must be the GOD or a person who can travel to the future :D okok... next time will find you for trading advise on which one will 'confirm' limit up everyday... so that i can overtake Robert Kuok's position... hehehe

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BullRun_93 @xuxu bought 1.17 wanna sell later. will it be limit up ? haha
04/06/2020 10:06 AM

YES, , confirm limit up :)

@Mabel tell me about it... same situation... i just missed the boat to be in buy queue early for 0.170... i wanted to acquire more and hold another few weeks... i'm unable to use Rakuten & HLB as both trust funds were already fully invested...

very uncomfortable to see one of the Directors started disposal (not wrong to dispose but timing was bad at a time when QR to be released anytime in coming days before June 30th & the share movement for the company also took a volatile turn) & bank's margin restriction on all glove stocks... while i encourage you guys to take risk to win big, but also exercise with caution... not a healthy sign though u can make money if u play short term with right entry/exit.

gloves & PPE rally is almost over for now before coming back later... that is the reason banks have started controlling the margin player from falling into risk during this gloomy economical position for the country... focus on the next big rally... be patient

just one word, HOLD :) oil price cannot stay forever at $40 also... then you'll see more companies will close biz and stop investing... this is just temporary... one thing you need to note is that, when oil price rallies, it will be very aggressive... not sure when supply is going to be severely impacted... as more offshore oil rigs are shut down... restarting an oil rig production is not like starting a factory machine... LOL.. some can take a few months to gain back the well pressure... some can be permanently damaged & deem unusable...

@icepumpkin that is for sure... not many actually realized the active rig count have fell the lowest and dangerous level that soon supply may not be able to cater demand for some short period later... making oil price soar... before this only shale was more severely shut down.. but now offshore as well since its more costlier to operate offshore op... economy is opening up in many places... demand will not be high like before since jet fuel is record low still... but at some level demand gonna surge on gasoline and other petroleum based products... including ethanol...

@limec86 if i feel unsafe, i will personally message those whom contacted me in the messenger to unload & move to other counters... until then, stay calm first... i'm still riding & feel safer here with re-bound expectation... this stock is more stable than the rest for now... as there were lesser volume & participation from sharks/operators... i only incur about 3% losses as of now though its not an actual loss since im still holding for a bounce... but imagine if u hold at gloves, you'd be burnt upside down with 50% capital loss.. some even more... chill guys

@awan_gemawan as far as i know, it is a pure dangerous speculation that made the price double for both... for now gamble at a less dangerous & stable oil counters... may not get high return but you may not face de-listing threat from Bursa...

@awan_gemawan SCOMI ? avoid at all cost... Sapura, Scomi & Scomies... all 3 are in a serious financial difficulty... especially scomi under PN17 threat still... please look for other oil counters

@icepumpkin myself managed to grab back another 35% of my fund back at 0.175... now i'm riding on high ownership on velesto.. let's see the nbext 2 days... the gamble is all on OPEC's meeting outcome on production cut extension... Saudi is all good for the agreement.. now the only uncertainty is Russia's decision on OPEC... keep fingers crossed.

@icepumpkin your welcome

let's see... i'm still getting strong warning from my institutional connections on getting into any gloves today & tomorrow though i'm quite tempted to collect since i have some funds remaining from unmatched O&G stocks... i want to monitor first...

@if today you can get 0.175, then go ahead for Velesto... for KNM, you may need to ask other sifu for advise as i'm not so comfortable with them for the current price... for alam, i think u missed the boat for good margin.. now the price is 50-50 range... 0.095 wud have been good

HOLD

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comrade88 buy at 1.55 sell at 1.2, should i buy agian ?? T^T......

@icepumpkin u have knm since 0.145c ? then hold it... good time to enter was just now when it took an unexpected dip before all sharks entered back to collect... now the price have corrected back to somewhat reasonable number...

@icepumpkin i decided to rally again because the price came down so low due to profit takers awaiting to settle margin finance & contra... i was expecting it to be somewhat stagnant today since oil price is above $40 and climbing... but somehow the retailers panicked... so that's why i posted back in this group to inform on my latest move since some of you were asking my advise in the morning about my O&G plans... i grabbed at 0.175 just now before it went climbing again... some sharks are competing with me when i accumulated huge volume at 11.57am... i only managed to collect slowly about 40% to avoid bulk transaction detection, somehow institution is smart... the remaining 11 mil shared swallowed by another when they detected it.. haha...

@Value888

i discourage my followers on Sapura for O&G.. Armada is good but the problem is price factor a little risky since too many people already in but make your call... Serba is attractive to play on warrant stock only due to mother share price and expiry validity makes it very attractive at this mother's price region... and the rest of the counters still OK... muhibah.. dayang.. knm... etc...

i'm back in Velesto again with high volume... and of course... holding my Karex (this have potential after MCO lift) shares as well... let's see the battle... i see sharks started accumulating O&G too heavily... just make sure don't enter at a higher price & avoid Sapura at all cost... the rest of any O&G are all okey to goreng when the oil price move up awaiting OPEC meeting pull-in to tomorrow...

@nasrulfahmi dear brother, please don't ask this kind of question... :) i hate this kinda question... no one is tukang tilik or GOD here... it's all depends on real-time market sentiment globally and locally... it can come down.. or it can go up... as in how much, no body will know, even the CEO/BOD of Velesto... it's all under operator/institution's execution... just move with the current market sentiments and you'll make money, a lot of money

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nasrulfahmi can touch 20 sen?

on insider news, some sharks were also trapped & eaten badly in gloves... over powered by investment institution... coz unit accumulation have already moved to next wave counters planned on Thursday (4th) and Tuesday (9th)... i see sometime many bashing sharks for the mess but also be grateful to the sharks somehow, the price is to a certain degree supported by them now, but not sure how long... investment institutional fund can flood in about 500mil to 800mil per allocation in per counter...

@hasfirul hold on :)

i'm in Velesto now... i just consumed the whole volume at 0.175 from 11.45pm till another shark found my move and consumed more than me... haha... anyway, bringing the game back here

exactly guys.... don't give misleading message and scare the newbies please... i welcome reasonable assessment but not TP which doesn't make sense... company's fundamental still plays at lower limit price... only on the upper limit people can goreng... Careplus, fundamentally growing...

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Careless_Whisper @uniteen do you know what are you talking about? 0.20 is base on your own calculation or agak agak? When they get listed their IPO was 0.23, that was before they have careglove and careplus (M). Please stop giving misleading message.

stability is expected & detached from glove level dip... we're just at 10% dip from the last 2 days... compared to gloves almost 50% to 110% loss.... stay unpanic... nothing to worry about... unless, we have serious recession

but don't worry much... it won't dip as much as gloves... coz not many people bhought this shares before... if you see one month volume and trend... too many margin players and retailers bhought gloves... stock was unattended much...

just one advise... please don't rush to judge... really

just cut loss please... i really feel bad... myself and few others experienced stock pioneers already warned earlier yesterday that more massive sell awaits today... Thursday will be worse due to O&G fund movement.. plus MCO lifting will move funds elsewhere to consumer region...

@sobameehun it's not the re-entry point now... further dip really expected... till friday.. expect the worst tmrw with more funds moving to O&G

@limec86 nope, don't collect first... hold first with whatever fund you have on hands.. the volume haven't arrive yet

i've entered O&G on Monday and exited yesterday itself for some profit.. not planning to bet further though it can be a more lucrative win if oil production cut was extended after the meeting..

@pennywise2308 yeap... i'm battling in a less volatile but potential markets for now... as protecting the capital is a must during unpredictable times... this week Gloves will have roller coaster ride and O&G will be the bull until OPEC meeting... and both have risk... the bull for O&G may reverse if OPEC meeting outcome is unfavorable as Russia is unhappy to extend the production cut as it well damage the oil wells permanently if shut down too long

really i have no idea... need more time to assure correction & re-entry point... it is still quite early to assess because the market sentiment today is unlike before or those days with fundamental attachment... this is not only in KLSE, but also affecting NYSE at the moment... with high level of speculation detached from the reality... actually this have become a new norm probably because of growing tech savvy population & wider younger gen participation reach... if it was before, you would expect KLCI index sliding below 800 points by now as the pre-recession is real...

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@Thebullinvestor

Gnath_77. What do you think the lowest support point for this correction and reentry point? I know its quite early to ask as now just the 1st day of correction.

@paktua73 haha... okok, noted.. will await then

@paktua73 until now paktua haven't give me an invitation yet... my funds are waiting :)

@Stockhunter88 yes, fund managers & high volume traders have moved to O&G & Manufacturing ops today onwards...

@stockist888 yeap... as of now, many individual fund owners with quite substantially huge capital are already out of gloves much earlier from Monday after taking handsome profit earlier... coz very volatile move can be costlier affair for crash for huge fund owners compared to retail capacity... correction is under way as most ratio now is between the operators & retailers...

@limec86 yeap.. for now i'm running away from counters which are in danger zone into a safer zone companies which are expected for slow & steady uptrend & not volatile... i'm also quite in touch with experienced bank remisiers...