2morrow all stocks died not only gloves stock . The growing numbers of Covid19 pandemic disease patients on the rise in many countries . Bloodbath across the world equities market and be ready for the immense falls out in the opening bell

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Stocks set to plunge at the open on virus second wave concern, Dow futures down 800 points
PUBLISHED WED, JUN 10 20206:05 PM EDTUPDATED MOMENTS AGO
Fred Imbert
@FOIMBERT
Yun Li
@YUNLI626
Concerns about a second wave of coronavirus cases have risen as U.S. states push deeper into reopening.
Investors were also digesting the Federal Reserve’s updates on the economy and monetary policy.
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Wall Street set to open sharply lower on renewed coronavirus concerns
Stock futures fell sharply in early trading Thursday as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy dropped in premarket trading.

Futures on the Dow Jones Industrial Average dropped 851 points, or 3.2%. The move implied an opening decline of about 865 points. S&P 500 futures fell 2.6%. Nasdaq-100 futures dropped 1.8%.


Shares of United Airlines, Delta, American and Southwest all dropped more than 10% in premarket trading. Carnival Corp. and Norwegian Cruise Line shares fell more than 11%. Gap and Kohl’s shares also fell more than 8% each.

Concerns about a second wave of coronavirus cases have risen as U.S. states push deeper into reopening. Texas has reported three consecutive days of record-breaking Covid-19 hospitalizations. Nine California counties are reporting a spike in new coronavirus cases or hospitalizations of confirmed cases, AP reported Wednesday.

Friendly monetary policy from the Federal Reserve cannot “offset a severe COVID second wave,” said Dennis DeBusschere, macro research analyst with EvercoreISI, in a note. “With TX, AZ, CA new cases and hospitalizations increasing and investors concerned that recent protest will fuel a wave of infections, the risk of persistently weak economic and earnings growth has increased. S&P fair value estimates are falling as a result.”

Overall coroanvirus cases in the U.S. topped 2 million, according to the latest figures from Johns Hopkins University.

The downdraft in futures followed two straight days of losses for the 30-stock Dow and S&P 500 as investors ditched reopening trades for the megacap tech names. The S&P 500 dipped 0.5% on Wednesday, and the Dow slid about 280 points. Meanwhile, the Nasdaq Composite climbed 0.7% to a record closing high of 10,020.35, also its first-ever close above 10,000.

The Nasdaq has risen for eight days in the past nine sessions, bringing its 2020 gains to nearly 10%. The S&P 500 is down 1.2% this year after briefly turning green for 2020 earlier this week. The Dow is down 5.4% for 2020.

Both the S&P 500 and the Dow are still up more than 45% from the coronavirus low. The incredible comeback started with investors betting on technology companies like Amazon that were doing well despite the pandemic, but in the last month reopening bets like airlines have been the biggest gainers. Now investors are rotating back into those tech names and taking profits in the rest of the market.

Crude oil lost 4% in early trading.

On Wednesday, investors assessed the Federal Reserve’s updates on the economy and monetary policy. The policymakers voted unanimously to keep interest rates unchanged and indicated no rate increases through 2022.

“The Fed understands we are just in the beginning phases of the economic recovery and making rash changes to policy or forward guidance is premature at this time,” Charlie Ripley, senior investment strategist for Allianz Investment Management, said in an email.

The Fed also said it will at least maintain the current pace of bond purchases for the coming months. Additionally, it expects the U.S. economy to contract by 6.5% in 2020 before expanding by 5% in 2021.

Investors are awaiting the new jobless claim data for the week ending June 6, which is set to come out at 8:30 a.m. ET on Thursday. Economists polled by Dow Jones expect filings for unemployment insurance claims to total 1.595 million last week, which is down from 1.775 million in the week before.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Second Covid19 pandemic disease if surmised , the world economy will collapsed indefinitely with the previous billions in stimulus package fully utilized up and banks and financial institutions around the globe will melt down with borrowings may come to a halt . Hope this would not happen with massive sufferings ,death and poverty will hit the globe beyond comprehension

I sold off comfort shares today despite buying at a high price level of 3.68 . Should have sold earlier abit but never expected the downtrend to last for several days which l noticed some sort of reversal setting in . Cut loss and never looked back as one off pain is better than longer pain in days to come. Cannot fight with the market reversal forces once the sentiment turn just the opposite direction.

The overall actual profits only count when the stock in our holding is sold not paper win profits which is unrealistic . Sometimes , we might see paper win higher profits margin , but when the real day selling price can deferred due to uncertain market activities and performance.

Stock markets is the home to feed this unscrupulous IB scumbags at their whims and fancy since they have the authority and power to dictate share price movements . I learned this hard lessons years ago each time when the stock continued to rise up comfortably , expected them to come up with nonsensical substances to depress the price . So to bear this in mind , when the stock reaches a certain high level , l begin to lower my position and exposure from wider unknown risks all of a sudden with negative news that caught u no time and space to unload if what u bought at the very last moment with higher price just like b4 when most of gloves counters hits the peak while closing .

A collusion of IB crooks on the run when the stock hits the peak but now nothing is done when the explosive results out from TG above expectations keeps silencing

Hahaha !!!

Can't agree more with you bro

But this IB have been silencing . They should have recap and revised the price since the qr results is beyond their expectations . Just wait for any good news coming . Shout down very fast since they fear the call warrants and have to bear the cost for losing heavily

I think many still holding cheap confort tickets .

Cheap lelong sales got cash can buy cheaply onwards . Below 8 no sweat. Dry up means no chances to average down......tiu !!!

Probably those IB which has collected enuf from the massive sell down will start coming up with new version to attracts investors confidence to helps them swim along with the tide . Just ready for the tactical news in the coming days l supposed

To stage a strong sustainable technical rebound just assuming 2.50 maybe can ah ?

Sold today at 3.14 . Buy price 3.68 ohhhh.......!!! If never sold bigger blood bath by coming days . Lesser lost consider win now unimaginable

Makan telor merah enam hari........tiu !!!

I lost heavily on this counter since the very day when the lanchiow IB started to cap and downgrade the Tp when the price hit the highest level and my punt at that time was maximize.

Gloves counter stocks . Easy profits and easy lost almost comeback to square one . Hailet liao !!! Mah ka lou

Operators and syndicates also cannot stop and prevent the drastic drop. Bullets pun habis macam itu kuat turun

Next week let the dust settled and gloves stocks will make a comeback . All gloves counter stocks are still making hefty profits but the current price level whether still reflect the valuations . This is another top secrets that only the company directors and insiders can have full access to the value of its share price . I am waiting to buy next week below RM 3 for minimal downside risk .

Next week looking at the situation currently with huge forces selling pressure , below 3 is achievable . Must wait for oversold position first

Heavy selling pressure on gloves counters especially comfort and rubberex....wtf!!!

All mampus liao on gloves counters . This morning l cut heavy losses bcos hesitate to sell at the very beginning when price retreated . Big bang balls......haiz!!!

Luckily my hands can control my emotions and not itcy . Almost wanted to press the buy button at the start of the afternoon session . By evening if price cannot recover , will break below 3 by next week . Hope for the best this late evening as many surprises can be overcome

All kena trap. Sell on news......big hailet...... like this price may break 3 ......l supposed .

Afternoon sessions might see all gloves stock rebounded . Bang balls l sold comfort at a very low price today after several days of intense dropping . Luck is not with me . Bought at 3.68 sold at 3.14. Heavy losses due to hesitate to sell at the very beginning when price retreated

Buy cheap not scared one lah , only a matter of lesser margin profits but still profits mah . Only those late comers who jumped into the bandwagon are having risks if the qr results posed lesser than 250 millions to achieve the target price of above RM20 . Q3 results for 31 May 2020 earnings must be based on previous gloves sales just not too long when the Covid19 pandemic disease started when the sales orders and ASP was not very high demands and next qr should looks better l assumed with the pre ahead bookings and orders exceed supply .

Volume decreases and shrank to suggest the stock must be in a oversold position b4 an immediate sustainable technical rebound to take place . No stock will continue to fall continuously by all means. Should it go lower to reach RM 3 , a support level will set in l assumed .

Believed in your own position and strategy in investing . I am not good in accounting and figures and there are many out there who feels the same and that doesn't necessarily translate that you are not a good investors.

One simplest logic reasons is l possesed with the highest degree of common sense that l survived the hardest hits in stock markets horrible crashes beyond comprehension and l still survived today with surplus and excess resources at stake .

Investments itself is not completely and solely based on corporate earnings and restructuring exercises at times. Stock counters with quarterly losses sometimes shares price instead continued to move forward steadily at a better pace unjustifiably .

If everybody's profited in the stock markets , by obvious reasons there are people out there losses..... right !!! Simply bcos to some to them it's a buy called and to some it's a sell called , but one thing your overall losses must not exceed your profits position and no one can claim that every stocks he purchased is safe and secure in a winning position .

Don't worry, pangolin investments foresight will come true and all he got to do is to believe with patient that his dreams will come true shortly without disappointment .

https://www.theedgemarkets.com/article/glove-bubble-pops-stretchy-valuations?type=malaysia

When the price of all gloves counters continuously riding high , just be cautious abit as the TP keep revising to adapt to its PER and ASP , alot of those hantu who doesn't believeth and caught up half way dangling in the air started to give different views that gloves stock counters valuations have over exceeded its projections TP . With this sour grapes kacau kacau may set and create an atmosphere in the buying spree of gloves stocks .

Below , l am going to share a link by the edge market article and read it yourself to be more cautious and aware of plenty of this hantu is about to give negative comments to disrupt and depressed price since they did not benefited when the gloves stocks rise aggressively previously .

Secondly different IB have different version of analysis valuations and infact there's no exact amount of accuracy put forward to determine TP as you noticed all this while . Is just an estimated TP set currently based on its nearest valuations among others IB with the range from RM 20 to 30 taking into consideration and account of its higher demands with the ongoing pandemic Covid19 disease that would last about a year and so forth .

The rerating subsequently will be revised once the sale volume of gloves decreases on a quarterly basis by basis and this is norm which has been discounted and not fixed TP of RM23 or similarly some RM20 estimation .
The TP set current is based on the high demands sales volume and higher ASP

fatherofrr88 , did you forgotten to fed your filial son's timely with his right medications to keep him under control , so how come his mind still lost track and started to bark again unnecessarily ?

What a pity with him and he supposed to remained in the mental asylum and not let loose to disturb other peoples privacy woh ! Thnks bro

Those who bought this counter and never cutloss from a high of 1.65 is horrible . The drastic drop is beyond comprehension

https://www.theedgemarkets.com/article/green-packet-partners-five-petroleum-launch-aipowered-petrol-stations?type=malaysia

https://www.theedgemarkets.com/article/green-packet-partners-five-petroleum-launch-aipowered-petrol-stations?type=malaysia

https://www.theedgemarkets.com/article/credit-suisse-raises-target-price-top-glove-rm23-expects-record-fy21?type=malaysia

This IB knew well ahead that glove stocks theme play may hang on for at least a year, so this bugger's since they have the authorative powered to manipulate the stock price by capping margin financing players with lower coverage and same time revising the TP to lower valuations forcing force selling activities with no choice but to allow them conveniently to collect cheaply for huge profits when the stock rebounded .

Still expecting many panicker sellers in the early morning by 2morrow and hopefully if there's a steep panic drop , best buy for the fast long handed investors to sell on immediate rebound for fast short term profits . Stock markets is about the smart to outsmart the panic and unsecured by enriching themselves fruitfully . So the early bird catches worms with the cheapest buying price if that materialised by sharp falls .

Don't worry , aggressive buying support will set in by 2morrow if the price drops below 2.50 . If it goes up early in the morning , l will remain sideline and below a big opportunity to buy if that happened and let's see as the huge sell off already factor in the force selling process and those hits by margin calls have almost overdone. Standby for 2morrow interesting events....... cheers!

Forced selling have already done and factor in when the share price retreated to a 35% discount to its estimated TP price . So , there's no point keeps repeating childishly about bank margin calls and capping . There are certainly still others sources of funds capable of buying up when the price reached a certain low level with lesser minimised risks . The downside is either minimal in a day or end of the week and more upside will resume and set in .

Will be collecting by 2morrow and Friday for upswing imminent technical rebound after steep retreat . No stock will continuously go down or go up non stop in any general common sense of views . Remember , in whatever bad market sentiments , there are people's making money out of steep price retreat to collect cheaply and sell on every rebound intervally

After the bonus issues , l have already sense the coming qr is nothing much attractive looking at the share price b4 the results is released . The company are using every measures to sustain the price is not workable.

Typo error not you but yoy .

No stop will continuously goes down and even if it continues to falter, it needs to take a breather and those who fear might take this opportunity to sell if they feel unsecured when it rebounded .

Since it has already retreated 10% from its high , support level may set in . As the estimated TP is approximately about RM 3 , even the downside risks will be minimised. The yearly ASP of 10 % will be increased with the current demands exceed supply from you and subsequently TP will be revised from time to time given the high demands of gloves globally .

Alot of this cibai mouth fucktards busybody roaming to every forums to create unnecessarily fears and tensions without a pinch of salt to justify their foolish numbskulls comments of no value once they noticed the stocks began to slide and retreated .

Why busybody bother with people's money win or lose in the end . Don't they felt every investors who can invest heavily in stock markets have no strategies boundaries and credibility with competency to handle their resources at stake and needs their foolish numbskulls comments for advice ?

Tell this bugger's to mind their blady own business first or stop to represent themselves as stocks God without shamed.

I have been in the stock markets for several decades and long enuf to withstand and witnessed how tommented and terrible hard hits when the stock markets crashes when certain stocks tumble below 80% of their shares valuations and today l still survived going through several market crashes despite with my margin account functioning during the course of the crashes event taking place.

Tell this bugger's to a lesser degree not to offend them with their immature downright stupidity actions that cannot impact the market forces fully control by huge funds management teams and powerful associates funds operators who have the upper hands and bigger say to dictate market forces between their peers .

Lastly , got to remind this busybody empty vessels , l think when the day l started to invest in stock markets , this nuts are still sucking their mother's nipples and no one in the world can exactly time the market and no one can exactly win every stocks they bought and no one can exactly bought stocks at the cheapest prices and no one can exactly sell stocks at the highest price besides others . Invest in equities market are vulnerable to expose with the highest risks factor involved as compared to other source of investments products since due to its huge returns and not to mention with huge losses suffer as well ! So this peanuts are not suitable in stock markets investments since they fear of losing and every step taken without risk must win .

This peanut's always felt that by throwing a tiny peanut into the stormy oceans can calmed down mighty tidal waves !

Whoever can withstand the toughest test can only survived , meaning to say you must still have sufficient cashflow resources behind to cover your losses and u can still survive by buying back at lower prices to offset your current losses , or waiting in despair for years to recover is still unknown and unpredictable . Always remember no matter how tempting when the market in the bull run , reserved at least 50% cash reserved behind in case to cover your losses and u won't died so desperately.

TP 0.40cts hell break loose and run like no 2morrow........ what a big joke of 1.40 !

Cannot break 0.165 cents and likely started to retreat back . This lanchiow counter look like the only thurs far it can go , not more than that like b4 . Sien !