shorting gang spend every hour of their life awake dissing gloves, badmouthing gloves, attacking gloves, talking gloves down, in order to drag glove stock price down
KUALA LUMPUR (Sept 17): Top Glove Corp Bhd expects to continue to experience headwinds amid the industry-wide practice of downtrending average selling price (ASP) for gloves, increasing market competition from Chinese glove makers, and slower growth in demand due to customers holdings back on their purchase in anticipation of a normalising of ASP.
In a virtual briefing today, Top Glove founder and executive chairman Tan Sri Dr Lim Wee Chai said the ASP is expected to continue to ease and will only normalise in January next year.
Aiyo MM, even if Super really down to 65c with your bad mouth by then you are already being sent to retirement because you are useless to the shorties then.
MMM , You mean Supermx next.QR profit ? Easily double your numbers of 200 to 300 millions . Last qtr.you predicted 500 mil based on RHB number . When QR was out , you.must be shocked to see a 959 millions profit.
---------------------- MoneyMakers Who predicted TG profit only 600Mil?? Nobody
What will be nxt QR profit..200Mil?? 300Mil?? Definitely more IB downgrades incoming
How can negative news alrdy priced-in when nobody expected such low profit so fast 19/09/2021 9:04 PM
shorting gang spend every hour of their life awake dissing gloves, badmouthing gloves, attacking gloves, talking gloves down, in order to drag glove stock price down
Gloves Big 4 are collectively a significant source of tax revenue for govt of Malaysia
So govt will be defending the interests of Gloves Big 4 & also other glove firms in general, including defending their stocks from the indiscriminate attacks & destruction & devastation from RSS shorting gang
RSS shorting gang are not really concerned about us losing our money
They're actually concerned about themselves losing their money, when their scaremongering job doesn't work on us anymore & they fail to drag the stock price down further
Cash in hand is around 1.43, if share price drops to 0.65, then it's really a no-brainer to scoop as many shares as you can. Demand of gloves will only be growing in the future.
Topglov is the point rss focus the most, among top 4 glove. The biggest threat and uncertainty faced by rss is the recent issue raised by the PM advisor on rss ban. Current nett rss for topglov is 221 million share. If u look at the daily trade volume, this is around 4 times trading volume of last friday. But if u look at the thin sell queue, rss could not cover back on time. They could only cover back unless there is fear and panic sell.
Let me quote that in detail, say 3 days before the rss ban, nett rss is 221million share. Each sell q is 5000 lots (500, 000 shares) The rss will need to buy up rm 4.42 from the curent rm 3.06 ie rm 7.48
But there is a limit up ceiling where trading will be halted.
RM 3.06 x 1.3 = rm 3.90 Rm 3.90 x 1.3 = rm 5.07 Rm 5.07 x 1.3 = rm 6.59
If price shoot up a lot, rss will shortsell even more entering a viscious cycle of loss making.
Then, they will shortsell even more aggressively to bring down the price, till a point where ministry of finance will need to announce rss ban even quicker than used to plan.
Any big local fund who has the bullet should realize that topglov is an opportunity, and retailer must unite and resist fear and temptation to escape.
We call this, close the gate, release the dogs, start to punish rss. 19/09/2021 8:38 PM X Konan88 Surely, the shortseller will not be happy with this, but this is THE BIGGEST FEAR faced by different shortseller union. The unity shown by different shortsellersi s equally fragile in front of MR MONEY. I have send my message to Datuk Seri Najib facebook on his outstanding speech on rss ban. Rather than fighting the sharks with weak retailers, get the government in for a fair game.
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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....
rchi
20,946 posts
Posted by rchi > 2021-09-19 20:17 | Report Abuse
Bursa has over 1k stocks dont want buy,buy gloves for what......Hahahahaha
Sayonara,no eyes see this forum.