KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.36

Today's Change

+0.03 (1.29%)

Day's Change

2.35 - 2.38

Trading Volume

5,710,900


19 people like this.

16,202 comment(s). Last comment by KimSua 7 hours ago

UnkleLim

511 posts

Posted by UnkleLim > 2021-01-21 09:25 | Report Abuse

Kossan already at low. How low can it go?

Allantanks

684 posts

Posted by Allantanks > 2021-01-21 09:32 | Report Abuse

shorties will have a torturing week watching it up slowly

Allantanks

684 posts

Posted by Allantanks > 2021-01-21 09:33 | Report Abuse

They Are Messing At The Wrong time at the wrong price and at the wrong counter.

witan

782 posts

Posted by witan > 2021-01-21 09:40 | Report Abuse

Along with rising cases, the shortage of PPE has increased too. It might surprise some to know that hospital systems and healthcare facilities still face a huge shortage of essential PPE items like facepiece respirators, masks, and disinfecting wipes. But, the recent item that has suddenly decreased in supply is nitrile gloves.

https://getusppe.org/nitrile-glove-shortage/

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 09:50 | Report Abuse

@linheng Thanks for the analysis. Yeah, looks like shorties did badly yesterday. I think EPF started buying from 12th Jan. And with Q reporting coming and BIG 4 Gloves likely to give special divvy, the shorties can't be holding out too long before covering position.

casanwk

1,496 posts

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

Key level zone to watch 4.10

limontea

1,171 posts

Posted by limontea > 2021-01-21 10:31 | Report Abuse

21-01-2021
KOSSAN Open 4.160

Net Short Position 20-01-2021
KOSSAN 2.15% Open: 4.120 Close: 4.120

Net Short Position 19-01-2021
KOSSAN 2.08% Open: 4.250 Close: 4.070

Net Short Position 18-01-2021
KOSSAN 2.06% Open: 4.270 Close: 4.220

Net Short Position 15-01-2021
KOSSAN 1.91% Open: 4.290 Close: 4.220

Net Short Position 14-01-2021
KOSSAN 1.78% Open: 4.420 Close: 4.260

Net Short Position 13-01-2021
KOSSAN 1.77% Open: 4.580 Close: 4.480

Net Short Position 12-01-2021
KOSSAN 1.71% Open: 4.420 Close: 4.560

Net Short Position 11-01-2021
KOSSAN 1.64% Open: 4.580 Close: 4.350

Net Short Position 08-01-2021
KOSSAN 1.31% Open: 4.080 Close: 4.500

Net Short Position 07-01-2021
KOSSAN 1.16% Open: 4.020 Close: 4.050

Net Short Position 06-01-2021
KOSSAN 1.08% Open: 4.050 Close: 4.000

Net Short Position 05-01-2021
KOSSAN 0.92% Open: 3.980 Close: 4.050

Net Short Position 04-01-2021
KOSSAN 0% Open: 4.550 Close: 3.940

**********************************************

Net Short Position 20-01-2021
HARTA 1.28% Open:12.460 Close: 12.020
KOSSAN 2.15% Open: 4.120 Close: 4.120
SUPERMX 0.58% Open: 6.380 Close: 6.310
TOPGLOV 2.69% Open: 6.160 Close: 6.140

Net Short Position 19-01-2021
HARTA 1.27% Open:12.380 Close: 12.200
KOSSAN 2.08% Open: 4.250 Close: 4.070
SUPERMX 0.56% Open: 6.690 Close: 6.340
TOPGLOV 2.76% Open: 6.300 Close: 6.130

Net Short Position 18-01-2021
HARTA 1.27% Open:12.200 Close: 12.360
KOSSAN 2.06% Open: 4.270 Close: 4.220
SUPERMX 0.56% Open: 6.730 Close: 6.680
TOPGLOV 2.82% Open: 6.400 Close: 6.340

Net Short Position 15-01-2021
HARTA 1.22% Open:12.300 Close: 12.200
KOSSAN 1.91% Open: 4.290 Close: 4.220
SUPERMX 0.53% Open: 6.680 Close: 6.700
TOPGLOV 2.80% Open: 6.370 Close: 6.420

Net Short Position 14-01-2021
HARTA 1.16% Open:12.880 Close: 12.300
KOSSAN 1.78% Open: 4.420 Close: 4.260
SUPERMX 0.53% Open: 7.010 Close: 6.640
TOPGLOV 2.72% Open: 6.510 Close: 6.370

Net Short Position 13-01-2021
HARTA 1.15% Open:13.140 Close:13.000
KOSSAN 1.77% Open: 4.580 Close: 4.480
SUPERMX 0.52% Open: 7.300 Close: 7.110
TOPGLOV 2.72% Open: 6.700 Close: 6.630

Net Short Position 12-01-2021
HARTA 1.14% Open:12.420 Close: 13.140
KOSSAN 1.71% Open: 4.420 Close: 4.560
SUPERMX 0.52% Open: 7.200 Close: 7.300
TOPGLOV 2.68% Open: 6.550 Close: 6.680

Net Short Position 11-01-2021
HARTA 1.00% Open:12.680 Close: 12.220
KOSSAN 1.64% Open: 4.580 Close: 4.350
SUPERMX 0.52% Open: 7.200 Close: 7.030
TOPGLOV 2.62% Open: 6.600 Close: 6.430

Net Short Position 08-01-2021
HARTA 0.91% Open:11.000 Close: 12.500
KOSSAN 1.31% Open: 4.080 Close: 4.500
SUPERMX 0.51% Open: 6.160 Close: 7.300
TOPGLOV 2.34% Open: 5.860 Close: 6.500

Net Short Position 07-01-2021
HARTA 0.83% Open:10.640 Close: 10.900
KOSSAN 1.16% Open: 4.020 Close: 4.050
SUPERMX 0.49% Open: 5.900 Close: 6.050
TOPGLOV 1.91% Open: 5.800 Close: 5.800

Net Short Position 06-01-2021
HARTA 0.71% Open:10.700 Close: 10.600
KOSSAN 1.08% Open: 4.050 Close: 4.000
SUPERMX 0.46% Open: 5.950 Close: 5.890
TOPGLOV 1.74% Open: 5.800 Close: 5.760

Net Short Position 05-01-2021
HARTA 0.57% Open:10.560 Close: 10.600
KOSSAN 0.92% Open: 3.980 Close: 4.050
SUPERMX 0.44% Open: 5.590 Close: 5.860
TOPGLOV 1.52% Open: 5.570 Close: 5.720

Net Short Position 04-01-2021
HARTA 0% Open:12.200 Close: 10.480
KOSSAN 0% Open: 4.550 Close: 3.940
SUPERMX 0% Open: 6.020 Close: 5.510
TOPGLOV 0.22% Open: 6.100 Close: 5.500

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 10:56 | Report Abuse

They are still at in. Hang in there guys! :)

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 11:00 | Report Abuse

RSS sold volumes for today from 9:00 am to 11:00 am ... Kossan 0 shares, Hartalega 111,300 shares, TopGlove 682,400 shares, SuperMax 185,000 shares ...

Posted by noobinvestor98 > 2021-01-21 11:03 | Report Abuse

Parked again at 4.05, hope will match soon la

Ron90

4,119 posts

Posted by Ron90 > 2021-01-21 11:10 | Report Abuse

with volume just over 4 million, the lowest for this year.. market really looking for new direction as down trend momentum getting less, day by day.. to successfully short the counter, sure RSS players need big volume to eat back all the sold shares.. roughly about 50 mil (2%) that worth around $200 m.

JP morgan need to publish more bad new coz right now, people still holding tight to their gloves stock. With current situation, they are sitting on interest from loan shares. EPF making it more worst for RSS player when EPF comntinue to accumulate Kossan..

Ron90

4,119 posts

Posted by Ron90 > 2021-01-21 11:19 | Report Abuse

GoodBoy RSS sold volumes for today from 9:00 am to 11:00 am ... Kossan 0 shares, Hartalega 111,300 shares, TopGlove 682,400 shares, SuperMax 185,000 shares ...
21/01/2021 11:00 AM

==========
you can see, now huge road block ahread..like yesyerday 400k !!.. Uptick Rule (RSS orders can only be keyed-in at a
price greater than the last traded price)

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 11:34 | Report Abuse

RSS traders have to buy back their shares eventually ... just a matter of time ...

5c0160

1,763 posts

Posted by 5c0160 > 2021-01-21 11:35 | Report Abuse

Below 4.00 soon toward 3.80

Ron90

4,119 posts

Posted by Ron90 > 2021-01-21 12:09 | Report Abuse

today only about 2 mil.. not 4 ml transactions.. damn low.. no seller

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 12:18 | Report Abuse

@5c0160 We are eagerly waiting for the buyback :)

beginner

1,285 posts

Posted by beginner > 2021-01-21 12:19 | Report Abuse

everyone holding tight and waiting for Q and divvy, at this price very few will let go their shares. no matter how naysayers talk also useless

Posted by BountyOfTheBourse > 2021-01-21 12:52 | Report Abuse

Oh yeah

Posted by BountyOfTheBourse > 2021-01-21 12:52 | Report Abuse

Serious mature long term glove investors need to pull together fugk all them IB thugs & short term gambling monkeys

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 12:53 | Report Abuse

RSS sold volumes for today from 9:00 am to 12:30 pm ... Kossan 0 shares, Hartalega 168,400 shares, TopGlove 1,189,300 shares, SuperMax 275,000 shares ...

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 12:56 | Report Abuse

@GoodBoy What is the RSS volume for total morning session?

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 13:17 | Report Abuse

Weird, so who is selling? Contra kaki got burnt?

Posted by Jesselivermore > 2021-01-21 13:42 | Report Abuse

exactly MrGlover, who is selling? Retailer wont sell, no RSS, EPF is buying. Maybe the directors??

Posted by GoldenHarvest1 > 2021-01-21 13:55 | Report Abuse

OMG

Posted by GoldenHarvest1 > 2021-01-21 13:55 | Report Abuse

What kind of saviour is Pfizer vaccine?

Posted by GoldenHarvest1 > 2021-01-21 13:57 | Report Abuse

No wonder even Pfizer CEO refuse to get Pfizer jab

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 14:04 | Report Abuse

Zero/Nil/None. No RSS for Kossan for the entire morning session

MrGlover

247 posts

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

Their average short price yesterday is 4.11. So at current price they can cover. Think some profit taking from contra folks. Can see their net position later to see if they cover for loss yesterday. Good opportunity to buy though. If you have intent to buy and confident at this level that is... :)

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 14:41 | Report Abuse

The total net short position will be available after midnight ... Bursa will make it available then, but i realised that it's not up to date ... it's updated til yesterday closing ...

mikeazk

75 posts

Posted by mikeazk > 2021-01-21 14:45 | Report Abuse

If RSS volume is zero for Kossan, then the 8sen drop is mainly sold by retailers.. Am i right to say that?

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 14:53 | Report Abuse

The RSS purpose is to build a huge resistant or roadblock to prevent price from moving up, syndicates hv to use other shares to constantly sell at lower price to push down ... their intention is to cause panic selling among retailers n buy back at much lower price later ...

pharker

1,090 posts

Posted by pharker > 2021-01-21 14:58 | Report Abuse

major glove stock on other exchanges are on the uptrend..example SGX

major glove stocks on Bursa on the downtrend

Interesting..wonder why?

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 15:02 | Report Abuse

Syndicate's manipulations ...

Ron90

4,119 posts

Posted by Ron90 > 2021-01-21 15:07 | Report Abuse

relex.. with small volume available, it's only few transaction can push the price higher. Unless big dumping exist. Its the game between RSS and IBs.. foreign stock market has verified that glove counter shall contine being prefered by investors... the more RSS invole at this level, the more they gonna lose, when price suddenly skyrockey like previous week.

we as retailer, just watch and eat pop-corn. unless if u dont believe in glove stock anymore.

Posted by invest4tomoro > 2021-01-21 15:08 | Report Abuse

Why no RSS today ?

beginner

1,285 posts

Posted by beginner > 2021-01-21 15:12 | Report Abuse

they can sell with their own units to influence retailers to follow them to sell, as long as we believe in kossan we just hold. they don't have enough units to close the short, so as long as we unite and don't simply throw back the tickets to them, one day they will give up and launch the share buy back at our asking price

UnkleLim

511 posts

Posted by UnkleLim > 2021-01-21 15:14 | Report Abuse

People up we down. Because this is bolehland. Welcome to Malaysia.

beginner

1,285 posts

Posted by beginner > 2021-01-21 15:16 | Report Abuse

no perm enemy in market, no surprise in future jpm might be our friend again to long gloves

Ron90

4,119 posts

Posted by Ron90 > 2021-01-21 15:27 | Report Abuse

RSS also need big volume, and very risk to short at this level.. price can suddenly spike up like hell...only one push is enough..hehe.

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 15:48 | Report Abuse

@beginner Thanks. That would explain why short stats show 0. Playing all the dirty tricks to influence investors.

staedy

707 posts

Posted by staedy > 2021-01-21 15:57 | Report Abuse

walau lao sai till 4 already???? real disappointing ler

Tesla

905 posts

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

Is EPF selling?

jeremylin

231 posts

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

This is bolehland... Land of wonders... Biggest casino

mita29

1,064 posts

Posted by mita29 > 2021-01-21 16:10 | Report Abuse

Short first then dump to create panic? My guess is these short sellers also own large amount of shares at low price. I park at 3.8 region, come come.

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 16:15 | Report Abuse

Just let them play their game. If tickets cheap enough for you, just pick up la. Let's see how they cover.

Posted by noobinvestor98 > 2021-01-21 16:15 | Report Abuse

3.8 come to me baby!

MrGlover

247 posts

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

They going all out to try to shake investors confidence. Don't fall for their trap. When they buy back, they have to eat higher and higher priced tickets :p

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 16:18 | Report Abuse

Wait all the Gloves dai kor come and bash them until lose hundreds of million :p

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 16:23 | Report Abuse

Syndicates/IBs short-selling for Hartalega, TopGlove n Supermax due to some of their Call Warrants expire on 22/01/2021, 26/01/2021 n 29/01/2021 ... These warrants are in-the-money, they will try to push the price lower ... Kossan's call warrant expire on 29/01/2021 is not in-the-money, so, no extra effort to short ... My guessing only ...

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