-Still need to take precaution today, better to avoid contra play. -Avoid chasing high as we are not sure yet if the shortists are setting a bull trap or are really convinced by the Delta/Lambda global surge to reverse the trend. -The least the bag holders can do is continue to hold tight tight and only those with long haul capacity should continue to nibble if the price were to dip further. - Don't CL or earn nasi lemak profit, but collectively hold for >5.0 . - Don't sell out your Supermax ticket cheap cheap and let the shortists cover short position cheaply. - With Covid ravaging the world now, the pandemic will not be over yet so soon. - Meanwhile hold and wait for: 1. potential sbb by Stanley, so cheap for Stanley to SBB now. 2. potential good dividend reward for end FY21, so much earnings to distribute. 3. potential OGM deals updates, with coming wave the urgency for strategic supply chain will be higher. 4. potential US expansion update. Such expansion would now be seen as a smart move in light of current halted operation due to EMCO. Cannot put too many eggs in one basket. 5. Potential suspension of RSS due to worsening economic conditions for retailers. 580,000 MSME owners will collapse if lockdown persist. Many of them likely to be retailers at Bursa. FM need to assist by suspending RSS like last year. 6.Covid coming big wave could wreck havoc to the global healthcare system worse than previous waves. ASP may start rising again due to acute glove shortage. Remember 80% of the global population have not been vaccinated yet. This time it will hit many more countries which were spared in previous waves much harder, therefore glove demand from these new markets will be exponential.
With FPE of 2.4 at current price, what can go wrong? Whereas all other sectors will be hard hit, gloves will continue to earn supernormal profits
If all retailers/bag holders were to hold to their current shares tight tight, and only those who have long haul capacity were to slowly nibble at any price dips, then they will only be buying the shortists shares. In that way, we will slowly short squeeze the shortists leaving them no choice later but to offer us to buy back at higher prices.
Why worry, as long every quarter making profit. Before pandemic the profit is less than 100 million. Even 200 million also making profit. Just my two cents
@ToneeFa If all retailers/bag holders were to hold to their current shares tight tight, and only those who have long haul capacity were to slowly nibble at any price dips, then they will only be buying the shortists shares. In that way, we will slowly short squeeze the shortists leaving them no choice later but to offer us to buy back at higher prices. 12/07/2021 9:24 AM
The truth is its about time we retailers/bag holders need to be in control of the situation, rather than continue to be victimized by the shortists and the sharks. At this alrdy low price in relation to the company fundamentals, we won't have anything to lose. We need to send message to the shortists to up their offer price. Those with long haul capacity should continue to nibble as the price dips. Just don't chase high or play contra. Take it slow. We retailers/bag holders should play the game at our pace and control.
This may be a public forum but it is NOT acceptable for people to be rude , crude and vulgar . There s another place for that . Then there s those who belittle others ," talk bad " is gossip heresy , of course investors cannot accept. Back up your critique with facts and figures everytime . Those have nothig better to do then to come here and call others losers , insulting names are the REAL losers . Bahasa Longkang should be swept into the longkang so if the Mediator does that GOOD on him/Her.
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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....
sharemarket21
1,911 posts
Posted by sharemarket21 > 2021-07-11 23:43 |
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