Posted by ToneeFa > 2021-09-07 16:07 |

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Posted by chief999 > 2021-09-07 16:11 | Report Abuse

what is the lending cost now?

Posted by Stealth > 2021-09-07 16:14 | Report Abuse

Tonee, so we should all hold and not sell to them at all. The Shorts dont have enough in their arsenal, only 37k lots left. How much of that would they risk to short further if we dont throw back to them. I already have 3 to 4 guys willing to park rm2m each to form a barricade. But we need more support!

Posted by MoneyMakers > 2021-09-07 16:14 |

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Posted by Keyman188 > 2021-09-07 16:16 |

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Posted by ToneeFa > 2021-09-07 16:18 |

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Posted by Stealth > 2021-09-07 16:22 | Report Abuse

Asp given by harta was for the 2nd qtr of this year-april to june. But what's happening right now in the world since july?

Posted by MoneyMakers > 2021-09-07 16:26 |

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Posted by MoneyMakers > 2021-09-07 16:26 |

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Posted by Stealth > 2021-09-07 16:31 | Report Abuse

Since july a different world scenario has emerged.More covid cases and more hospitalizations. More testing and more 3rd 4th 5th boosters required. This means much much more glove demand.

Posted by ToneeFa > 2021-09-07 16:31 | Report Abuse

@Chief999 so calendar Q3 2021 stock price is bottomed already... bcoz it antipates 6 months ahead to normalisation in Q1 2022...
07/09/2021 3:39 PM

Yup Chief, u got it right. The shortist alrdy pressed to the bottom 6-8 months in advance. That's the contrarian move they operating now. So their goons are coming in full force now howling and wailing the imminent collapse of the glove price. They know as long as the retailers do not sell lower, they will be not make the expected huge profits later. So meaning how big is their profit eventually is in our hands. Let's minimize for them.

Posted by niet > 2021-09-07 16:37 | Report Abuse

short vol 245500 shares at 4.36pm

Posted by chief999 > 2021-09-07 16:37 | Report Abuse

ok noted... I saw the strength... so all must hold tight tight... let them cover at 4, 5, 6, 7, and 8... dont let them cover cheap cheap

Posted by ToneeFa > 2021-09-07 16:37 | Report Abuse

@Stealth Tonee, so we should all hold and not sell to them at all. The Shorts dont have enough in their arsenal, only 37k lots left. How much of that would they risk to short further if we dont throw back to them. I already have 3 to 4 guys willing to park rm2m each to form a barricade. But we need more support!
07/09/2021 4:14 PM

Ok Stealth count me in as well, since i alrdy Q at 3.00 for a more than a month now.

Posted by Stealth > 2021-09-07 16:44 | Report Abuse

Good to know that tonee. Hope more of our friends come forward to participate!!

Posted by ToneeFa > 2021-09-07 16:45 | Report Abuse

@chief999 ok noted... I saw the strength... so all must hold tight tight... let them cover at 4, 5, 6, 7, and 8... dont let them cover cheap cheap
07/09/2021 4:37 PM

Yup Chief, at this rock bottom price and with their quota depleted to only 370k lots, if we all hold tight tight, there is not much they can do. And if Stealth can get enough members to form a strong barricade between 3.0-3.1 level, then we have a good fight in hand. That will force them to use more of their bullets if they want to press even lower. Those who bought will then continue to hold further and only sell > 4.0

Posted by MoneyMakers > 2021-09-07 16:46 |

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Posted by MoneyMakers > 2021-09-07 16:46 |

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Posted by oldbeginner > 2021-09-07 16:50 | Report Abuse

I’m so sure ASP will not fall below $35 after Harta’s briefing

Posted by ToneeFa > 2021-09-07 16:54 | Report Abuse

Ya Stealth hope everyone have strong resolve to persevere.

Posted by MoneyMakers > 2021-09-07 16:59 |

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Posted by MoneyMakers > 2021-09-07 17:00 |

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Posted by niet > 2021-09-07 17:01 | Report Abuse

Short vol 267000 shares at 5.01pm

Posted by chief999 > 2021-09-07 17:03 | Report Abuse

what is their average RSS price? based on January, the price rise from 5.3 to 7.3... so I would assume the average RSS price is RM6.3 on average... no wonder when the first time the price tried challenge 6.4, it got pressed down again... so this time, the long sided fund already know where the actual resistance is... this will be a test of 6.4... if 6.4 is challenged again, then its forming inverse head and shoulder with head is about 3.... being the lowest... interesting times ahead....

Posted by Stealth > 2021-09-07 17:20 |

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Posted by Larn > 2021-09-07 17:38 | Report Abuse

he think price can breakdown to previous accumulation value around 65sen..wont happen twise..current acccumulation price above rm3...

Posted by Larn > 2021-09-07 17:39 | Report Abuse

bears strength already very weak now..

Posted by Stealth > 2021-09-07 17:56 | Report Abuse

I urge all shareholders to hold tight for at least 3-4 mths. We will be rewarded!!

Posted by MoneyMakers > 2021-09-07 18:00 |

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Posted by MoneyMakers > 2021-09-07 18:02 |

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Posted by Maxsuper > 2021-09-07 18:06 |

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Posted by risekita8 > 2021-09-07 18:10 | Report Abuse

Rewarded with what?

The price is being shaky all the way


Posted by Stealth > Sep 7, 2021 5:56 PM | Report Abuse

I urge all shareholders to hold tight for at least 3-4 mths. We will be rewarded!!

Posted by Stealth > 2021-09-07 18:15 |

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Posted by Stealth > 2021-09-07 18:21 | Report Abuse

IBs have been conning retailers with extreme TP of rm100, 50, 40 when they were actually selling. Now they want to con us with an extreme TP o 2.50, 65sen, when they are actually collecting. This is their modus operandi. Just be aware!!.

Posted by Geek2020 > 2021-09-07 19:25 |

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Posted by Geek2020 > 2021-09-07 19:27 |

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Posted by pjseow > 2021-09-07 19:53 | Report Abuse

The glove companies fundamentally weak ? Making billions per qtr fundamentally weak ? Cash rich and Giving fat dividends fundamentally weak ? What about Genting and Airasia which lost billions fundamentally.strong ?

Posted by pjseow > 2021-09-07 20:02 | Report Abuse

Stealth ,agreed with you. In stock investment , we must buy low and sell high. The IB s actually advocate buy high and sell low. Last year when the PE were sky high of mote than 100, they give EXTREMELY high TP and gave buy call . Now when the stocks had come down 70 % from the peak with PE less than 4 , they give EXTREMELY low tgt prices and give a sell call .


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Stealth IBs have been conning retailers with extreme TP of rm100, 50, 40 when they were actually selling. Now they want to con us with an extreme TP o 2.50, 65sen, when they are actually collecting. This is their modus operandi. Just be aware!!.
07/09/2021 6:21 PM

Posted by pjseow > 2021-09-07 20:20 | Report Abuse

There are 2 good things which come out from Harta briefing . First the ASP are easing and will stabilise in Q1 2022 but will not drop below US 35. I had computed various scenarios in my earlier postings with ASP s from US 24 , 25, 30 which were lesser than 35 at normalised stabilised states. These scenarios can still give a values of more than rm 6 for supermx.
The other good thing from this briefing is a deterrent from new comers who may think that the super high ASP will be forever. It will be suicidal for the new comers to venture into glove mfg when the ASP will drop to 35 in a year time. Even those smaller players who had started the venture last year or this year may go bust in a year time. The over supply.issue is overblown.
In.a few months time , you can.hear IB.singing a different tunes once they collected enough at current low prices.

Posted by Start_0f_the_bull > 2021-09-07 21:16 | Report Abuse

The day ASP stablize is the day no more room for shorties to short.

Posted by MoneyMakers > 2021-09-07 21:29 |

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Posted by MoneyMakers > 2021-09-07 21:36 |

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Posted by Maridien2 > 2021-09-07 21:44 | Report Abuse

Covid is forever, there is no escape. Sad but true.

Posted by Stealth > 2021-09-07 21:52 |

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Posted by Maridien2 > 2021-09-07 22:08 | Report Abuse

Mu variant has been detected in EVERY US state except Nebraska: Scientists fear it is more transmissible than Delta and could be vaccine resistant

The Mu variant has been detected in 49 U.S. states, with the exception of Nebraska

Florida and California have reported 384 cases - the highest of the other U.S. states

Alaska previously had the highest number of cases with 146, four percent of the state's sample size

The new variant was warned to be more transmissible and vaccine resistant, according to the World Health Organization

Posted by Geek2020 > 2021-09-07 22:13 |

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Posted by Geek2020 > 2021-09-07 22:14 |

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Posted by HOMESOY > 2021-09-07 22:31 | Report Abuse

Q2 SHD BE NO SUPRISE

Posted by MoneyMakers > 2021-09-07 22:37 |

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Posted by MoneyMakers > 2021-09-07 22:37 |

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