those who laugh at glove , make fun of glove,insult glove stocks. now is ur turn for you karma , ur AA ,genting , bank will start to blood and free fall.
Both Macquaire and JP Morgan writers were extraordinary born from their mother shit hole and not from the puxxxxxsy....no wonder they both were so intelligent
Nov, major SH sold 39 m and 9.6 m shares, co sold treasury shares 32.4 m in mid Nov @$2.20, etc. Rhb analysts TP $3 in Nov when it was traded around $2. Lol. Market is about sentiment and of course analysts play an important role.
It is pity with retail investors who does not has TA skill; they alway say it is good to hold this counter shares now with their excuse as they bought the shares at high prices .
They do not know glove price will drop significantly and bonus issue has increased the total number of the Company’s shares by 2 time that could dilute EPS and more factories produce gloves next years and offset partially with yearly demand increase . So, the market sentiment is very weak plus overseas IB ( JP Morgan) wants to push down by much lower TP they set . This has triggered bad sentiment on glove counter share prices and more ppl will drop their glove shares.
As a result , other funds wanted to sell at higher prices and buy back at lower prices very likely in next year as Vaccines just started showing their effectiveness .
So, do you think more ppl want to sell or more ppl want to buy glove shares in the next ONE MONTH?
Unfortunately, most of retail investors do not have investment perception like very obvious business and market sentiment on buying or selling trend.
Now, funds keeps selling glove shares and ARE YOU ABLE TO ACT AGAINST the selling sentiment. As smart investors, of course, we will buy shares back at much Low prices later by monitoring buying or selling support trend.
Furthermore, you are able to buy much more shares at lower price and lower risks on such good counter. Is it good for you ?
Many retail investors said good counters, I do not care about it’s shares price drop. BUT it drop very significantly for example, from RM2.2 to RM1.00. DO YOU CARE about it ? Of course, we do care about it and can buy the shares back with much more shares at much lower prices next time
When the selling trend is very obvious, do not act against the trend even funds cannot make it CAUSE market ppl do not has one same heart thinking of one selling or buying direction.
TA charts show downtrends and going to loose support soon. If tomorrow gap up as what i predicted on glove sector i'll bang my head on the wall....hahahahaha
Guys don’t be stubborn,it will continue to go downhill.Cut loss before become bubur cha cha :) . “Train yourself to let go of everything you fear to lose.” — Yoda
So hardworking MasterYoda to go to the 7 big glove counters in asking people to cut. But there is more other glove related counters that you miss out, can go remind them as well if you are so free. Hehehe. sell low buy high.
i hope there are those who took my advice before that u need to exit when the price drop below RM1.70 as it will be an indicator that it is a fake BO..now the best price to wait for another reversal signal is between RM1.30 & RM1.40 region..but i think this time around better wait for the price to perform HH & HL 1st to make sure that their BO is not fake
If HLT below 1.00... Than i wlii buy .....rebound much faster than rbrex... All in your hand.... We here...to make profit...not to give virus or cancer to frend in the group
THIS IS A VERY GOOD OPPORTUNITY FOR U TO SELL YOUR GLOVES & SWITCH TO INSAS BEFORE TOO LATE LOH....!!
Posted by stockraider > Dec 16, 2020 10:54 AM | Report Abuse X
SHARP ADVANCEMENT IN INSAS SHARE PRICE COMING LOH...!!
Raider says let be practical mah...!!
If OCBC mark to market losses at SGD 8.42 as at 30-9-2020, now as at 16 December 2020 SGD 10.19, there will be a big write back of a few million back to the profit coming 31-12 2020 mah...!!
In other words Raider see a potential write back of more than rm 30m in the 2nd qtr 31-12-2020, that will basically improve the investment division profit mah...!!
This together with sengenic disposal, Insas will report more than Rm 70 million profit in December qtr loh....!!
Very sharep improvement in insas share price coming loh...!!
Sslee The investment holding & trading segment suffered a pre-tax loss of RM49.2 million due to unrealised mark to market losses of financial assets at fair value through profit or loss and derivative financial instruments (FY 2019: pre-tax profit of RM1.5 million)
Singapore OCBC price: 28/6/2019 Sing dollar 11.40 30/6/2020: Sing dollar 9.00 30/9/2020: Sing dollar 8.42 Now Sing dollar 10+. On 31/12/2020 with window dressing most likely will be close to 11.
THIS IS AN EARLY INDICATION OF FUTURE IN ESCAPEABLE BAD TIME IS COMING FOR GLOVES LOH....!!
JP Morgan analysts believed that “the extraordinary phase of the industry cycle is over” and that the glove manufacturers’ increase in production capacity, which will reach nearly 90% in the next three to five years, will be reflected in the hiccups
– Of course, the increase in production capacity in the world is a fact and we are working on it ourselves. However, it is difficult to say when falling demand will overlap with growing supply. It is estimated that this will happen in mid-2022. However, we believe that we will be immune to this as we will mainly be making specialty gloves that are subject to slightly different rules. We will of course be able to produce mainstream gloves if it pays off – says Wiesław Żyznowski.
Everyone here has a free to write his comment it doesnt mean everyone have to believe .... be gentle if you dont like someone advise just ignore dont write a rude word here .....thank you for your cooperation ...Morpheus
But Nelson, don't get mixed up between free will to write comment then to write fake news / bullshit. You may have a different definition of numbers. But writing / typing information that is unreal / fake / how much you purchase / sell doesn't really need to concern us. You seems to get mixed up between free will to write as you wish and writing something to deceive others as your right.
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....
ryanlcc
260 posts
Posted by ryanlcc > 2020-12-14 09:27 | Report Abuse
Lai liao....shopping time...