During the 4pm plus window, I noticed the selling across some counters is very consistent and happens very fast within a very short time frame. You know like the domino effect, where one causes the others to fall down quickly one after the other.
When you are seeing it that time, cannot help but to feel that these guys are working so closely together in many different counters, especially glove-related and healthcare. Like the boss send a signal via walkie-talkie to everyone in the same frequency, everyone got the message then mass selldown happens in the blink of an eye.
Yeah thank god I managed to escape, nearly bought this as one of the most potential to fly among 2nd tier covid-related counters. Wanna do trade last hour, but luckily escaped.
Lesson learnt: if want to play short technical trade, don't do it during the day movements no matter what as you are playing with the sharks. Wait for closing to confirm signals among many other things - one very humble technical guru advised.
This is still one of the potential counter to go up short term as many are expecting good quarter results soon. Only chart wise is abit ugly but the rest is all good.
If have more funds and not for trade, is a counter to invest in for sure!
dont waste your time with this counter, first time went up until 70cent then kept dropping...almost same pattern today, trap all the ikan bilis. you are much better off investing in other counters..
The knee jerk sold down late afternoon was across the board when Big Glove Stocks like Topglove, Harta and Supermax fell in tandem
As Major Glove Players have surged too high and too fast they must take a rest before rebounding higher
The Spectacular earnings of Supermax and others will be reported next month in August 2020. Topglove Boss already stated that next 5 quarters Topglove results will continue to be very excellent
With such solid news ahead any sell down presents a buying opportunity
These anchors for our ships foretelling Very Favourable Earnings that will Give Strong and SOLID SUPPORT FOR THE ONCE IN A CENTURY GLOVE BULL RUN OF MALAYSIA
For the happy holders of Es_ceramic the visible signs of better business are all there
1. Topglove Boss told CNA Melissa Goh they will be building a total of 10 new glove factories for this and next year
2. Supermax latest qtr report stated that they are building 3 new factories in tandem or concurrently and one more on the way..making it 4 new factories
3. Kossan just bought 10 acre factory from Cbip adjoining it's factory to immediately set up another operation while it's Glove City in Bidor still in progress as planned
4. Rubberex stated that it will add another 1 billion exam gloves soon
5. Sri Trang glove in Thailand just concluded Ipo to raise funds for expansion to challenge Top Gloss to be World number one
Like Topglove which has its own rubber plantation Sri Trang Thai is also big rubber plantation owner cum glove maker
Good for Es_ceramic as it's Biggest Factory over 8 acres is located in Thailand
Both the sales in Malaysia and Thailand are doing extremely well with orders fully booked and pre sold till end 2020
All Glove companies like Topglove Harta, kossan Supermax, rubberex comfort gloves, careplus, Sri Trang (Thailand ) Riverstone & Ug healthcare (Spore) have been doing exceptionally well as Covid 19 now infecting 13 million people and still spreading
So Es_ceramic should see multi year boom as Glove sales from Malaysia, Thailand and Singapore are booming like never before in its history and demand for Glove hand formers will accelerate upward
one thing we need to admit is current malaysia market are fully support by local ppl not fund manager or oversea fund...with recent announce BNM cut opr again and FD interest rate is damn low....everyone now put half of their saving into the market of course will choose glove or medical stock...covid-19 bring very big impact to other sector and only medical and glove sector can benefit and survival.... malaysia glove support 65% global market, this is why banker keep revise the TP for each glove.
Damn it. Good news for ESCERAM. it means we gonna live with this virus alongside for the next 2 years.
US biotech firm Moderna said Tuesday it would enter the final stage of human trials for its COVID-19 vaccine on July 27, to test how well it protects people in the real world.
"The upcoming Phase 3 trial will recruit 30,000 participants in the US, with half to receive the vaccine at 100 microgram dose levels, and the other half to receive a placebo.
Researchers will then track them over two years to determine whether they are protected against infection by the virus.
The study should run until October 27, 2022, but preliminary results should be available long before."
Even the vaccines is developed this Ice cream counter will burst it ways up for at least another two more QR as like the last crisis before . Their production is fully booked due to gloves company expansion
Esceram CEO is a Chartered Accountant and Directors are all finance background. They are very cautious and responsible people. They will let the results do the talking..
This is a good opportunity for Ice cream to strike it hot for transfer to mainboard Of cause bonus issue come alongs I believe some funds already foresee this opportunity that why this counter has been pushed aside by this funds May the best to all Ice cream investors
Nothing is wrong..normal shake off weak holders by riding on TopGlove negative news. Esceramic has nothing to do with TopGlove products being stopped in US. Even if US stop Top Glove products, other countries would be happy to buy from TopGlove instead of waiting for 12 months to get the orders.
what top glove boss say is correct!! US don't want other country want!..malaysia supply 65% glove to glove.... US so ego don't end up beg top glove to supply glove to them!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Lewis Lee
1,693 posts
Posted by Lewis Lee > 2020-07-14 19:31 | Report Abuse
Many times like that already ! Jia Lat !!