Posted by BountyOfTheBourse > 2021-01-15 15:28 | Report Abuse

Glove makers covering lost ground

https://www.theedgemarkets.com/article/klci-pares-loss-glove-makers-recover-lost-ground

Posted by BountyOfTheBourse > 2021-01-15 15:28 | Report Abuse

up up up

Posted by BountyOfTheBourse > 2021-01-15 15:29 | Report Abuse

fly baby fly

Posted by BountyOfTheBourse > 2021-01-15 15:29 | Report Abuse

up up to the sky

Posted by Ron90 > 2021-01-15 15:48 | Report Abuse

up tick rule, means the shorties will have to put up selling price above last traded value, ..as what we saw huge road block ahead la.. :-p .. since kossan not really favorite by glove investors.. they could win at this counter.

Posted by DellLenovoHaier > 2021-01-15 15:54 | Report Abuse

JPM said vaccination no need glove, but their new president Joe Biden take vaccine with glove. Big big slap to JPM? Lol

Go google image "Joe Biden vaccination", then judge by yourselves.

Posted by drago_7 > 2021-01-15 15:56 | Report Abuse

So obvious JP M wants to buy low.... hahahahaha

Posted by beginner > 2021-01-15 16:35 | Report Abuse

stagnant, shorties unable to clear the buy queue but blocking at the sell also. in the end shorties will lose as they have to serve the interest. just hold and watch the shorties show

Posted by AceInvestor > 2021-01-15 16:52 | Report Abuse

Short whole day still flat hahaha joker la these shorties ppl

Posted by limontea > 2021-01-15 16:54 | Report Abuse

Ben Tan The effort appears to be predominantly on suppressing the stock price of Kossan, and to a lesser extent - Hartalega. It seems like the short seller has mostly given up for now on the idea of breaking even on Top Glove's stock.

Here are the daily short sale trade volumes for today up to now (4:30pm)

Top Glove - 1,450,000 shares (7% of total daily volume)
Hartalega - 1,400,000 shares (25% of total daily volume)
Kossan - 4,700,000 shares (28% of total daily volume)
Supermax - 730,000 shares (<1% of total daily volume)

15/01/2021 4:26 PM

Ben Tan NewbieCK, the volume for Kossan is actually the second highest after the volume from last Monday (the day of the big short).

Regarding Top Glove and Supermax, it is possible that the short seller might not have been able to find counterparties willing to lend out their shares. This seems to be the case in particular with Supermax where the volumes have been low throughout the last couple of weeks.  

15/01/2021 4:32 PM

Posted by linheng > 2021-01-15 17:29 | Report Abuse

They have been putting big sell quantity in order to suppress the price. Although RSS volume is high (30.43% today) and about 19% on the 14th and a very low percentage of about 6% on the 13th, the net short position did not increase much. The Net short position is 1.77% of Issue shares on the 13th and 1.78% on the 14th. So they are obviously blocking to collect. Last minute throw to 4.22 but the RSS volume keep increasing as someone takes the seller.

Posted by linheng > 2021-01-15 17:33 | Report Abuse

You check the closing Price of all the glove counters on the 31st Dec 2020. Kossan is at $4.50. This is the only glove counter still below the 31st Dec 2020 price. All the rest have gone above last year closing price.
Considering RSS have a 4% limit and the net short amount is already about 1.8%, I really doubt that they will continue to short this counter aggressively.

Posted by beginner > 2021-01-15 17:38 | Report Abuse

JP TP is RM3.80, not far from current price. gambateh JP, you can make it

Posted by linheng > 2021-01-15 17:39 | Report Abuse

Posted by limontea > Jan 15, 2021 4:54 PM | Report Abuse
Top Glove - 1,450,000 shares (7% of total daily volume)
Hartalega - 1,400,000 shares (25% of total daily volume)
Kossan - 4,700,000 shares (28% of total daily volume)
Supermax - 730,000 shares (<1% of total daily volume)
Limontea got RSS volume at 28%. As I say, they collect the sellers at 4.22 cents (Obviously they calculated the buy Q and decided its worth the effort to throw first )- The final RSS figure is 5.74M shares out of 18.86 million traded ie 30.43%. That means they collected 2.43% of todays volume at $4.22 ie 458,300 shares at $4.22

Posted by 5c0160 > 2021-01-15 17:43 | Report Abuse

Totally game over. Next wk 3.50

Posted by chshzhd > 2021-01-15 18:12 | Report Abuse

2.50 even better:)

Posted by tamp0i > 2021-01-15 18:19 | Report Abuse

Only 3.50 meh? I pray for 1.50 leh... Hahaha nonsense arse

Posted by limontea > 2021-01-15 18:40 | Report Abuse

@linheng, thx for the insightful input.

Posted by bose00 > 2021-01-15 19:59 | Report Abuse

$1.00 is even better.. but dream on lal!

Posted by beginner > 2021-01-15 20:14 | Report Abuse

Wait till the time short is closing, shorties need buy back millions of shares, how much price gonna up bybthen

Posted by MrGlover > 2021-01-15 20:33 | Report Abuse

We have time. Shorties are working on the clock. We wait them out until they give up! Hahaha

Posted by MrGlover > 2021-01-15 20:33 | Report Abuse

Looks like next week is time for Gloves to fly? All in guys. Prepare for war during the weekend. :p
https://www.thestar.com.my/business/business-news/2021/01/15/glove-makers-valuation-still-attractive

Posted by chshzhd > 2021-01-15 20:52 | Report Abuse

the more they short, the more they lose:)

Posted by ks5S > 2021-01-15 21:10 | Report Abuse

those shortie have short lanjiao

Posted by beginner > 2021-01-15 21:17 | Report Abuse

Soon qr out will give div, if shorties not close the position they have to pay back div, poor shorties, we just wait and see

Posted by Newbaby1412 > 2021-01-15 21:34 | Report Abuse

When the QR will announce ?

Posted by HrryPttr > 2021-01-15 22:02 | Report Abuse

EPF keep disposed. Maybe kautim with shorties

Posted by Kossan > 2021-01-15 23:06 | Report Abuse

How effective https://www.bbc.com/future/article/20210114-covid-19-how-effective-is-a-single-vaccine-dose

Posted by mita29 > 2021-01-15 23:23 | Report Abuse

EPF acquired back 4.8 million shares on 12 Jan 2021.

Posted by BountyOfTheBourse > 2021-01-16 00:03 | Report Abuse

oh dear

Posted by BountyOfTheBourse > 2021-01-16 00:04 | Report Abuse

covid-19 infections expected to rise in China

https://www.cp24.com/mobile/world/china-s-covid-19-burden-rising-again-1-001-now-in-hospital-1.5268041

Posted by Kossan > 2021-01-16 00:41 | Report Abuse

Fresh from CNA

New mutations raise concern on Vaccine effectiveness

Posted by Kossan > 2021-01-16 00:43 | Report Abuse

Fresh

Chinese health experts call to suspend Pfizer's mRNA vaccine for elderly after Norwegian deaths

https://www.globaltimes.cn/page/202101/1212915.shtml

Posted by Kossan > 2021-01-16 08:59 | Report Abuse

Fresh From CDC

CDC has issued updated interim clinical considerations for use of mRNA COVID-19 vaccines currently authorized in the United States 5)

https://www.cdc.gov/mmwr/volumes/70/wr/mm7002e1.htm

Posted by Ron90 > 2021-01-16 09:16 | Report Abuse

healthy retraction.. with MCO 2 Emergency...economy cofirm die.. banks gonna collapae coz without moratorium, what happen to all loans when ppl cannot work and do business?? all sales gonna drop, except essential items.
just wait la, in the next a couple of months..but by that time, only glove counters will survive, cerita vaccine sana sini, but still gloves counter are the Only group that still producing stellar performance at least for the nx 4.qr.

Posted by beginner > 2021-01-16 09:21 | Report Abuse

Wait shorties buy back 48.8m shares, that time sure flying

Posted by beginner > 2021-01-16 09:23 | Report Abuse

Yesterday short 4.7m shares only managed to down 4cents, imagine how much price up if wanna buy 48m shares

Posted by MrGlover > 2021-01-16 10:05 | Report Abuse

This is interesting. Shorties will need to pay for dividend if they can't cover on time. Short position 1.91% (48.6m shares). Covering their position would see a good spike in price. GO KOSSAN
----
According to Aw, Kossan’s current valuation has yet to reflect its potential earnings as well as its solid dividend yields.

Notably, Kossan is not discounting the possibility of a special dividend on top of its current dividend payout (minimum 30% of net profit) to reward shareholders due to Covid-19-led demand.

“Kossan stated that the possible implementation of interim dividends is on the cards, in line with the recent announcement of its peers, Supermax and Top Glove,” said Aw, noting that he only inputted a 40% dividend payout for FY20-22F and reflecting dividend yields of 3.8-8.2%.

Posted by mita29 > 2021-01-16 10:18 | Report Abuse

It's 5.7 m haha, no 1 volume in Bursa, this amount of shorts would have collapsed counter like EURO or GETS, the real Malaysia Tesla.

Posted by gemfinder > 2021-01-16 10:19 | Report Abuse

Ni need to wear glives during jab. Not compulsory. Doc swipe ur butocks with alcohol pad, this is compulsory. Ok

Posted by mita29 > 2021-01-16 10:23 | Report Abuse

shorties very desperate and scared.... I can feel it..

Posted by Ron90 > 2021-01-16 11:41 | Report Abuse

i didnt get to know how long they can hold that RSS short position? should'nt be forever, right? after selling stock that they dont hv (pinjam on interest), there must be a limited time frame where they hv to close the deal. for normal transaction, its 2-3 days.

Posted by jeffchan1901 > 2021-01-16 11:53 | Report Abuse

https://1-million-dollar-blog.com/regulated-short-selling-rss-on-bursa-malaysia/

Posted by Kossan > 2021-01-16 11:57 | Report Abuse

Bird flu again!!
https://www.thestar.com.my/aseanplus/aseanplus-news/2021/01/16/researchers-discover-h5n8-strain-of-bird-flu-in-hong-kong-for-first-time

Posted by Ron90 > 2021-01-16 13:16 | Report Abuse

https://1-million-dollar-blog.com/regulated-short-selling-rss-on-bursa-malaysia/

i have read this one many times, it does'nt answer the questions that i have. Unlike IDSS, trader must closed the deal at the end of the day, but RSS no mention about that. Even no mention that they have to buy back after t+2, etc.. seems like forever they can sell the stock, and until the buy it back and return it to CLA, they would continue to pay the interest.

also no mention wheather after that counter reaching 4%, RSS will be susppended for 4 days, and after that ?? shall they continue to shorts for another max 4%??.. what if they have buy back 1-2 percents before reaching that 4%, means that this RSS can go forever la..

this SC ruling looks so lame la, lazy due to covid i guess..huhu

Posted by MoneyAndHoney > 2021-01-16 13:44 | Report Abuse

Oh dear

Posted by MoneyAndHoney > 2021-01-16 13:44 | Report Abuse

If you're under 60 & NOT a frontliner, expect to to be vaccinated ONLY by 3Q 2021 or even later

https://www.malaymail.com/news/malaysia/2021/01/14/khairy-if-youre-a-healthy-malaysian-under-60-and-not-a-frontliner-expect-to/1940466

Posted by beginner > 2021-01-16 14:21 | Report Abuse

Short not for long term, why need to worry. Now shorties are the losing side due to unexpected mco 2.0, shorties are more worried than you now

Posted by ks5S > 2021-01-16 14:23 | Report Abuse

sohei shortie

Posted by beginner > 2021-01-16 14:26 | Report Abuse

We pay nothing while holding shares except paper loss or gain. But shorties have serve interest and pay div, so do you think they will keep for long term or not