Post removed.Why?

This is not good. You do not want to see this move at this stage. With this strong up move, even 14.00 will not be able to stop it on its way down. Stay away/get out. Im out of here. Super danger at any level now.

Dont be a fool. This is a monster trap. All limit up moves failed to hold.

I tell you a little secret. It wont reverse course after its macd death cross when this macd is still "terkangkang" or legs spread wide open. Downtrend is still intact. It will go lower than its last low at 15.90. One day, two days or 3 days, it will go lower.

If you want easy quick bucks, buy gpacket now. When this supermx drops below 15.90, gpacket will hit 0.82.

This supermx downtrend will continue for another week. Today is just another bear trap of this downtrend.

From my vast experience n experties, i give you now supermx entry price. Its 14.30 - 14.60. Its more than 3.00 drop from here. Wait patiently. I am too waiting.

Gpacket. After a breakout sometimes it returns to test the breakout point. In this case 0.66. If it can close at 0.66 at least today, the move to 0.82 is now delayed a couple of days. If it fails to close at 0.66 n above, cut loss at 4.44 pm.

Wow bintai going for covid vaccine? To cure the world? Once they r successful the shares should trade at $300 a piece...he he.....he he..

Gloves. Not yet. Downtrend is not over. If u go in, you will be trapped.

Gpacket. Just jump queue n take the seller. You can sell at 0.81/0.82. Its a breakout trade.

You can say putin is a joker. But what i see is their rates of new infection will come down drastically in nov/dec. We wait till then till all you supermx supporters get burnt big time.

Is it a vaccine or is it not a vaccine. Wow it is indeed a vaccine. Limit down on supermx in a few seconds, no time to cut loss.

Why is it a vaccine? Bcause it has managed to achieve immunity to all 100% of the people under its phase II trial. This is their statement. They promise to publish details of this results for all the world medical experts to review in august. This is already august. It should come out anytime now. Imagine what damage this will do to supermx share price. Then this newly awarded tan sri will come out to announce that malaysia hv reviewed the results n agreed to place orders. Then kaboom! all hell breaks lose.

Chasebros. There are theories n there are practical. After the russian rolls out its vaccine to its population by their godfather putin sometime in october, the result will be immediate bcause it only takes 21 days to achieve immunity in their phase II trial. This what really scares the shit out this stock market now.

What china vaccine? Russian vaccine orders already booked by 20 countries for 1 bil doses. Production already started over the weekend.

In a time of huge crisis, you dont need phase III trial to complete to go ahead. What more when your phase II trial is beyond perfect. You do it in parallel. This is where the nordic russian brains are bigger than the americans n the chinese.

Vaccine is already here. Thats why supermx price is coming down n down n down. Now already > 30% from peak. These wallstreet wizards they say a drop of > 20% from peak is already a bear market where price will become cheaper n cheaper over time.

Zuliana. In a downtrend, what is cheap today will be cheaper 2 days later.

Jeri. You average up. Not down. Down, you cut loss.

Aramco. There's a malay proverb called lawyer buruk.

Michael, easier said than done

Shin, grow up

Felicia. Lower than 15.30.

Aramco. You were barking at me like a mad dog at 23.00/24.00.

Lets see. It has dropped (24.40 - 16.70)/24.40 × 100% = 31.6% since then.

No shame ka you? You should go hide in cave behind batu cave there, join otb n the gang.

At 16.70 now i say it will continue to drop bcause its trending down. Until such time you see a reversal candle, it will continue to trend down. So far i havent seen any.

Dont let this 1 yr++ lead delivery time fools you. Now gloves being consumed like hot cakes in hospitals. With the soon arrival of vaccine, virus will disappear n hospitals then will relook their purchases n inventories n will buy just enough to fill up their storage rooms which you can imagine are not that big n that many. Then you will see massive cancellation of orders n drop in asp. Not long after that production n revenues n profit will return to pre-covid19 levels. Thats how you could burn 90% of yr money holding glove stocks for long term.

Maybank IB: Windfall tax

rr88: Windfall tax my ass. Thats why i said these analysts they dont know what they are doing. They follow the market, not that the market follows them. Out of the blue, they plucked this from the sky, just bcause price been trending down.

Here is yr answer: vaccine coming => virus will disappear => demand for gloves will return to normal.

What is normal for supermx? Its share price at 1.40 - 2.30 a piece.

The million $ question is just how fast this will happen.

Huge excessive demand => elevated demand => normal demand.

14.00 - 24.00 => 6.00 - 10.00 => 1.40 - 2.30 share price

If you hold at 24.00 you will lose 90% of yr money ultimately. When? Dont know but it will get there.

Remember, market reacts 6 - 8 months ahead of time.

Dude, i am training my gun for trading buy, not for investment

Note as well that supermx volume during this downtrend has been high as well about 400k lots daily. Its a serious downtrend. Buyers fighting with sellers, buyers lost. That what it means.

Wait for my cue. When i buy this supermx, you follow me. But not yet, net yet. My charts says not yet.

Exactly as per my chart. Gpacket will hit 0.82 b4 lunch tomolo. Had u followed me buying at 0.67 you will make 20% b4 lunch tomolo.

Supermx is still in a downtrend mode. It will break below todays low of 15.90 tommorow or the next day.

Gpacket previous high on 08july was 0.675. Once it moves above this, then its a breakout n a buy. Not that difficult if you know what you t doing. However skeptical you may be, it will move higher to 0.82. Its a magic of charting. Follow me n buy it now.

GPACKET is a BREAKOUT TRADE. You buy now n you can sell at 0.82 for 20% gain as soon as tommorow.

GPACKET is a BREAKOUT TRADE. You buy now n you can sell at 0.82 for 20% gain as soon as tommorow.

It is on of a descending triangle chart formation with 3.01 base. It will drop below this base as soon as tommorow n head towards 2.20.

Downtrending in progress.

12/8 hit 18.08, rebounded n dropped lower below this

14/8 hit 17.20, rebounded n dropped lower below this

Today 17/8 hit 15.90, rebounded n WILL DROP LOWER BELOW THIS in a day or two

Lower lows => DOWNTRENDING

The move to 14.40 - 15.00 is now delayed by 1 - 3 days but it will get there. Wait.

Afternoon will drop below 15.90. Tommorow will go lower. Wait patiently. I am waiting as well.

Current price 17.50. Technical update. MACD has staged a deadcross. It will now in 1 - 3 days time to hit its 50 day simple moving average 14.40 - 15.00. Another 2.40 - 3.00 drop from here. This is your buy range for a technical rebound play. Wait patiently. Because i am good at this. Very good.

Dhimant, your total comment so far is ONE. I'm a lot smarter than you think i am.

Anyway, back to REAL WORLD.

12 Aug 2021. Supermx share price is trading at 7.20. This one lucky chap stares into the horizon with a grin on his face n says "Exactly a year ago i sold this supermx at 21.20. What a year it was. I bought a million$ during covid crash at 1.47 n got out of it at 14mil$. It went as high as 24.60. It was crazy times. Analysts in town all scrambling to raise their tp. Some even went as high as 40.00 or even 50.00. I sold the moment the russian president announced they hv found a vaccine. I knew then bad times lie ahead. Many people got burnt quite badly as during the initial drop from the peak, they thought it was just another correction"

No impact? What do you mean no impact. It has dropped some 27% or 6.68 from 24.60 peak to 17.92

At end of day after it announced its fantastic results, this one chap sort of bragging that his hands got tired clicking buy orders that day when price dropping from 24.00++ to 22.00++. Earlier on i said this market was selling on news. And when he bragged i told him that his lack of experience had caused him to go all in on the wrong side of trades. Bcause market selling on good news is never a good thing bcause it would drop lower ahead.

Why when profit increased so much q to q, price has dropped 27%. Whats going on in the market is completely different than whats going on in yr head. Thats the answer. Go figure.

I repeat my answer: much earlier arrival of vaccine than previously thought would kill demand for gloves much earlier. It only takes 2 months to transform from overloaded busy hospital into quiet empty beds. You will see cancellation of glove orders. Market flooded, price dropping quickly. Newly added production lines will lie iddle. Additional workforce retrenched. New entrants cancelling their project to build factories. Those that just about to start production will suffer heavy losses n sell their factories to scrap yard.

What is more damning? This vaccine will kill or infact is already killing market/trading sentiment before it kills the virus n demand for gloves. Even company making huge profit, people dont want to own it bcause its ultimate route or destination is to the shit house. Got it? If you are not intelligent enough, you wont get it.

Its a question at what point you recognize that a bull has transformed into a bear. The talented ones like myself see it early. There were about 3 people here seen it coming when it was trading at 23.00/24.00.

As price went down more n more people recognised it n changed their mind.

After lunch friday one fund dumped it cutting all queues at 17.88 for 17000 lots or 30 mil $ just with a click of a button. Why? Bcause he saw its paws clearly n was of the view that this animal is no longer a bull.

If you do not recognize this bear until the end, you would be holding it with huge losses until it trades well below 10.00.

You know what they say, cut your losses short.

Russian vaccine is a bad news but not THE bad news. It is like a small fire that limped these glove share prices. Plenty of BAZOOKAS lie ahead that will kill this glove rally for good.

Russian vaccine. The difference between phase 2 trial n phase 3 trial is phase 3 trial involves large no of people over longer time to track its effectiveness n negative side effects. Any statistician will tell you that small sampling of population n big sampling makes little difference. Thats why merdeka center polling of only 2000 people just b4 an election does accurately reflect the actual election outcome of millions going to polling stations.

Google. Plenty of reading materials that phase 1 & 2 trials of this russian vaccine passed superbly. Perfect n beautiful.

The BAZOOKA here is after deployment of this vaccine across russian population, new infected cases in russia comes down drastically. As they hv already started production yesterday, this BAZOOKA will emerge soon to shoot yr backside out of shape (i.e. you suffer big losses due to further big drop in prices of glove shares).

Other BAZOOKAS at any moment:

China vaccine. As covid started in china, it would be a perfect psycho cure for chinese govt if china vaccine is the cure. Tremendous pressure for chinese scientists to come up with this BAZOOKA as quick as possible.

Trump vaccine. Its a live or die situation for trump going to nov election. A vaccine b4 that would save him from election loss. By hook or crook this BAZOOKA will come out soon n this is the big one.

Andreatan. I respect yr opinion. But there is certain chart pattern that is repeating again n again. You look at comfort, carepls, notion, hlt, lkl. Sharp upward move in a few days n sharp downward move with no rebound when rebound has been overdue. When no rebound came past the rebound window, there wont be any rebound. Its bursting of a bubble. They will stay low. These are small caps where the trend pace has been fast.

The big caps supermx, top glove & harta displaying similar pattern but the pace has been slower.

They are all doing the same thing. Its the inherent trend taking root in these trading of glove/medical supply companies. Trend formed as a result of serious strong buying and serious strong selling due to factors what the market is digesting - whatever that might be.

I speculate here that the big factor this market is factoring in here is market is offsetting current + near future strong profit against the inevitable major loss of revenue when covid is gone. The real variable here is time. How fast covid will go away. Market as a leading indicator, reacts 6 months ahead of time.

RUSSIA HAS STARTED ITS VACCINE PRODUCTION & will roll it out END OF AUG. That is to their frontliners first - doctors/nurses. You can say a month later end sep/oct to their population. As it takes only 21 days to achieve immunity, you should see new infection rates coming down drastically in russia in nov/dec. This is because their phase 1 & 2 trials were a complete success - all subjects achieved immunity in 21 days n that immunity strength doubled with 2nd dose. That is 3 or 4 months ahead.

Knowing all these, do you want to rush in now to buy supermx or rush out, to avoid further losses or see you huge gain evaporates?

MOSCOW (Reuters) - Russia has started manufacturing its new vaccine for COVID-19, the Interfax news agency reported on Saturday, citing the health ministry.

Russia has said the vaccine, developed by Moscow's Gamaleya Institute and the first for the coronavirus to go into production, will be rolled out by the end of this month.

=> Roll out by end of this month. That is AUGUST for those whose brain is dead.

Post removed.Why?

Looking further up the horizon, after the initial uturn, the US market will become nervous about the outcome of the nov 3 election. If trump wins, market will jump. If he loses, markets will crash. Bcause when you remove the trump the businessman magic out of the equation, market will crash.

Come over lar. I teach you a thing or two about markets. Dont just talk cock. Cock here, cock there.

For now, move into 100% cash. Stay sidelined.

9.30 pm opening bell on wallstreet. Tonight will provide a confirmation that the run up from march low has ended. Its called a double top. Both the dow & snp should come down. The same goes for oil. Track these for 2 weeks. You will see a trend. That the strong run from march is making a uturn because economies are bad. Take money off the table. Bcause this is what will weigh on markets going forward.

Let me teach you a little about market. If you look at all these hlt, carepls, notion, comfort, lkl etc look at their charts. They moved up strongly n came down strongly. To come down 4, 5 days without rebound is too long without rebound meaning they coming down to stay down. This down move is not over. This is the current state of affair of this glove mania.

Next when they get very low, one last rebound n down to move sideways in tight range. Next in the longer time horizon to fall down from this range.

For those of you still clinging to hope, take the que from what this market is telling you. It says: sell. Hope will kill you in this business.

A case study: how this market turns a so called otb sifu into a true idiot.

At 24.00 the very peak he came out to brag with his inflated asshole, that he had equal number of shares in both supermx n top glove. Why? Bcause his emotion was looking towards 30.00, 40.00 or even 50.00. The same for any other other idiots at the time. His emotion screwed with his decision making where he should sell instead of brag. At the time i said it was peaking out n to come down from peak.

Now on the way down, his emotion will again work against him. Because he did not sell at 24.00 n his target much higher than 18.00, this emotion will again screw him where he should sell now instead of hold.

You need to manage your emotion n recognize where the masses are making mistake to become a true sifu, like me.

You think people want to get trapped ka? Of course they dont.

You think its a simple plain looking trap that you can avoid ka? No. Its a very sophiticated trap. It moves higher than it drops lower, it moves higher than drops to a lower low.

Then up to a certain level it moves sideways. Then you say to yrself no worry only 20 - 30% paper loss n you r a good smart long term investor holding for longer term. It will recover n you will recover yr paper loss n even will go on to make money.

Then after some time it drops another leg lower. This is to give you greenhorns how people lose big money in these things.

Market is not simply about sitting at a table & calculate numbers. A lot more to it than calculation. Its about future prospect & negative outlook. When sentiment hits boiling point n the only way to go is up, then that when it hits its peak (24.60).