https://www.tradingview.com/chart/CAREPLS/DpSROXoK-Understand-How-Whales-Operate-Malaysian-Glove-Stocks/

Just to share since no one shared this article yet. Note that this i3 forum is also filled with forumers associated with the big sharks so you can't trust everyone in this forum.

Not saying that RM2.00-3.00 TP is not achievable, but unless you're a fundamental investor who believes that this unprecedented pandemic will last for a while and that the new normal will herald a new beginning of sorts in the usage of gloves hence a bright prospect for glove companies, we are all at the mercy of the big whales. It might fly next week (bounce from this super low to super new high), it might not, most of us don't know. At this stage, safe not to play with margin financing unless you can top up.

@gnath_77 I think @JT5774 is using Elliot Wave

Anyone has any idea when is the official announcement?

Calvin, does Netx have any competitors vying for the same projects from TM?

@Tiong Kung King Zien where is your newspaper article link?

paktua73 syndicate...we luv u

@JT5774 left hand? right hand? enough of talking in codes la...@kfliau just google

wanna trade on margin better go for cheaper stocks with limited downside la. this stock can catch you with your pants down if not careful

@ibrahim47 thanks bro

When is the quarterly report released, end-May or end-June?

@lollipopkan no need to see already. Come back when it's RM2.20 then

Wah lilychan looks like you're multi-millionaire. Every stock you buy at super low sell at super high.

Actually the more noise in the forum the more the syndicate will play with you until you get caught with your pants down. There's no right or wrong, Set your own TP and sell at your TP. Investor type can just close your eyes and revisit a month or two later. Trader type will scalp as much profit as possible.

Unless you're part of the operator syndicate, don't have to huhu and haha those people getting stuck. It's part and parcel of bitter tuition fees. This stock price already considered very high already, unless you're an experienced trader with clear cut loss and take profit prices, better stay away.

Hope you're right, masterkevin212. Been stuck in this stock for 3 years already. Feel like Warren Buffet.

For the every day Joe retailer, better go for the cheaper and lower hanging fruits i.e. other stocks.

Glad everyone can make money. No need to boast how many % profit as well as there are people who also bought below 20 sen when sentiments were really bad.

calvin, I pm you using i3 messenger

are they bidding for any contract these days?

if Netx can go back to 20+ sen within this year, Calvin will be considered a legend that will echo throughout the i3 forum. Better than KYY and FSL.

@laughingmosquito whatever la. win or lose is my problem ;)

how much you make @lilychan

Any reasons to hold XOX for the long term like the next 5 years?

@invest icon noted thanks

Is it possible to watch the EGM online?

Fundamentally this is a good company. Why would they want to make false report to Bursa?

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Calvin sifu, appreciate your answer to my question above. I'll repost here:

Calvin sifu, how much do u think Netx can go up? what is the usual P/E for tech stock? now already 4bil shares I dunno how high can it go.

Calvin sifu, how much do u think Netx can go up? what is the usual P/E for tech stock? now already 4bil shares I dunno how high can it go.

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How high can Ageson fly

@sg999 no profit understandable but it's not permanent and not as if they are heading for PN17.

@kfliau it's even better if no one is interested in this stock now. Need more ppl to chase later only then the stock can shoot up

How can a stock like xox dropped until 1 sen. Those that pick up at 1 sen are really fortunate. Those that bought at 5-10 times the price really dulan

I think most old timers have been holding since the 10-11 sen days, that is way before trade war happened. Hopefully end of this year can go up to RM1.00 based on the company's potential.

When are they announcing the first phase of the nfcp project? This month?

Hi gaashen, I already mentioned RM140, whereas RM180 was mentioned by masterkevin. I'm already holding xox so it doesn't bother me. If can sell the right issue then good la, if not then don't bother.

Hi gaashen, ok then. In that case, total cost is RM160 since the rights issue is free and assuming no one is buying.

Masterkevin, am I right on the total cost?

Masterkevin, ok I got it now. Another question, earlier you posted the total cost for those who didn't subscribe to the ICPS:

FOR THOSE WHO DO NOT SUBSCRIBE FOR
Total cost as follows:
Existing XOX share RM 0.04 x 4000 = RM 160.00
XOX-PR (when go listing price, let's say) RM 0.005 X 4000 = RM 20.00
TOTAL COST IN PORTFOLIO = RM 180.00

I think total cost should be RM140.00 (RM160-RM20) since existing shareholders are getting the xox-pr for free and selling the rights.

Hi master Kevin, thanks for the insight. Normally preference shares can be eventually converted to ordinary shares, right? So, I'm surprised there isn't any impact on the mother share price at all.

If let's say I currently hold 1mil shares of xox, this preference share rights issue will not have impact on the share price as it's preference share right? So meaning I can get 2mil preference rights share and I can just sell it for a clear profit? Any catch to this? Thanks

@kun1971kun yeah if sell all xox-OR any negative impact or i just get a 2.5 sen profit?

Ok since it's still a long way to go why don't this thread just remain silent until there's a make or break outcome. Talk a lot from both sides also no point.

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When is the rights issue? Any details

Hello Calvin, I have followed your comments since GSB days. So how long have to wait before your NETX start to make money? 5-10 years? What TP are you looking at