revenge of the retailers to teach these arrogant IBs, bankers, hedge funds jp morgan is coming. too long they have treat our retailer money like fools to be milked dry. how can glove companies making billions in profit be pushed down like shit n be worth pe of single digits? nonsense! teach them a big lesson. who short we will burn them. majority rules...we rule ourselves, not the bankers.
I want to share a message to pump our people up. Our glove companies, with whatever imperfections they have, is our national treasure. No matter what institute do or where you stay in Malaysia, it is our pride. To naysay it, to say that after covid is over gloves gonna die, all of that is just unpatriotic and untrue. We should be proud of what we have and what they are doing, supporting them fully to reach the next level, fix their problems and grow bigger. How terrible that when Topglove challenged to become a Fortune 500 and pass Maybank in market cap, we saw what happened. The media manipulation is undeniable. Our local person wants to become a Fortune 500, and people are naysaying that. What do we hope from our successes here? For them to fail? We reward our success with manipulation, single digit PE, and with splitting opinions with some hoping they and their investors lose money. It's terrible. Something big has happened in America, something that shows that the institution and the big money are at our mercy. I believe in that now.
I want this to change. Whoever is still holding gloves have already been through hell, join me by saying eff you to IB, market manipulators, and everyone else. We are retailers, this is our market. Let our winners be winners. I'm not selling and I'm gonna buy more when the market opens tomorrow. I'm not gonna swim with IB. I will be holding. I believe in gloves strongly and it deserves a fair valuation. #glovesaregold
If we all can gather 50,000 investor, average each investor hold minimum 5000 unit of share, that is about 250,000,000.
What we need to do is to stop trading. Pull out all your sell queue. Then the market no seller, all the RSS will crying and beg you to sell them the share.
P/S: Me & my closed group of friend (total 5 pax) has owned 248,000 units of COMFORT share d. We all agreed to hold it tight tight, we will not put it on market to sell, unless the share price has break RM6.50 and above.
If you understand the true worth of gloves shares incl Comfort then it does not make sense to sell at this price. The prices of glove companies you see now are " not true market prices" but " manipulated prices". The short sellers have sold their shares and they have to cover their positions by buying back their shares. To make profit from the sale of their shares they have to buy back at lower prices. To buy back at lower prices they are forcing the prices down and this is precisely what we are seeing now.
Of course if there are syndicates who can push up the share prices then those short sellers have to buy back at higher prices and they lose money.
Now the question is: are the buying forces stronger than the short sellers. If the former is stronger than the latter then the short sellers are going to have a tough time covering their positions.
We can take comfort from the fact that once the short sellers have covered their positions, the share prices will go back to its "normal market prices".
Of course the greedy short sellers may buy more than they need and with the excess they are likely to call a strong buy on the stocks and they push it up to sell. This is the time when you can ride on them to sell.
End of the day stock market investment is all about holding power. If you can sit it out with the manipulators, you will be fine.
If you know what you are in for, you can still sit around and sip your coffee AND realise your profit when the time comes.
I m very sure the big 4 glove companies are seeking help to fend off the short sellers. Tbey shld have no problem getting help as they have the means to pay for such services.
I m very sure many of us love to see those short sellers getting burnt.
Hopefully we start to see the tables turned against the short sellers tomorrow.
very excited for all retail brethren who are making the same things happen here.
compared with Gamestop, our gloves sector very undervalued with almost guaranteed profit, big dividend payout, cash rich companies, and basically nothing like it in bursa.
why should we let IBs and foreign Funds like JPM to RSS and make most profitable gloves stocks loose values.
its time show them the power of RETAILERS UNITE
if rwallstreetbets could do it, so could we.
All, start using #gloveretailerunite hastags in ur social posting.
1 year profit of Supermax is equivalent to its 23 years of combined profit Author: samchang88 | Publish date: Thu, 28 Jan 2021, 5:09 PM
Gloves are essential products to save lives during this pandemic. The Covid virus is highly infectious, especially the mutated variants. In time of this, human lives is the upmost important than anything else. Gloves are part of the PPE to protect lives and survival. Government globally need to allocate large portion of fund for healthcare spending. WHO expect 2021 the covid cases will be worser than 2020, so demand for gloves will be greater and ASP will sustain longer. In the latest report of Harta, it mentioned that overall projected growth in demand is expected to outstrip supply for the next few years due to increased glove usage from emerging markets and heightened hygiene awareness.. Scientist also mentioned that Covid is unlike Sars, it won't disappear suddenly. It will stay and live together with human being, so only vaccines and protective equipment can save lives.
It is uncertain and can't give any comments on other small companies which ventures into glove production, except KLK which is a large conglomerate with a prudent management. It will not simply put the money into building glove production factory without thorough analysis. So, the management and CEO should have analyze the glove business and know this business has a very bright future and can earn a very good profit in the time coming. So it is worth their effort, money and time to venture into this new business.
Now glove companies one year profit is equivalent to their many years of profit, eg harta, comfort, topglov, spmx and etc. take an example for glove company, eg supermax. Currently supermax one year profit is 2.3 billion (forecast conservatively ) for the financial year of 2020. The average profit annually for supermax is around 100 million previously (average for past 5 yrs) . It means 1year profit of spmx now is equivalent to its 23 years of combined profit. But its shares price only goes up 8-9 times only. It is very undervalue now by all the valuation metrics. Imagine 2 years profit is equivalent to at least 46 years of combined profit. This is astonishing. Imagine this company only need to work 2 years, but previously the company need to work as hard as possible for 44 years to get the same amount of profit. This is the best time for gloves company ever. The cash earn definitely will increase the value of the company, eg by expansion, increase r&d, M&A, increase dividend payment etc.
In addition, Board of director of the gloves company know their share is undervalue now and do a lot of share buy back, eg Topglove, Supermax. CEO also used their own money to buy the share in open market , eg Comfort, Topglove, Harta.
Holding power is the key to be successful in value investing. Buy right and sit on to win big.
Gemfinder, what have you been drinking... US support refers to US reddit retailersunite. Not lifting ban on TG is the US government, not retailers. Today you will see shorties losing their shorts
HartaLega, TopGlove, Supermax & Kossan gave them bittcch basstard robber gangster IBs, non-stop shorting boddoh bangang idddiot digkhedds & forever panicking frenzied throw-at-low short term gambling monkeys a good old hard fugkking today
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....
FairNSquare
1,464 posts
Posted by FairNSquare > 2021-01-28 11:24 | Report Abuse
revenge of the retailers to teach these arrogant IBs, bankers, hedge funds jp morgan is coming. too long they have treat our retailer money like fools to be milked dry.
how can glove companies making billions in profit be pushed down like shit n be worth pe of single digits? nonsense!
teach them a big lesson. who short we will burn them. majority rules...we rule ourselves, not the bankers.
retailers unite!