This current political development has weighed on our Bursa market. Most counters are affected.
Rubberex used to be a hot favorite among the punters in the past, hogging usually the top most actives list. But this has changed in recent time as its share price kept on dropping and many contra players turned away.
Now, I believe the shares are in stronger hands and those who are still holding on, despite my earlier warnings, are likely to have done some calculations and invest with a longer time horizon.
We should not throw stones on our poor investors who have fallen down the well!
Once covid over, rubberex new expansion completed . Continuously positive QR . Steady Div payout , ahhhh 0.02 ? per annum.. Oh no. look like at this price, i will have to keep it for another 10 years to breakeven
Market is always forward-looking. From some speculative plays today, Umno-linked stocks(eg KUB Malaysia) enjoy a good play. Market operators seem to have put bets on who our next PM is likely to be.
Just for sharing purpose only. I happen to own a very small stake in KUB Malaysia.
Big boys, eg market operators, very often dictate stock price movements and stocks have a tendency to move between cycles over time.
One good example is our steel counters. Way before the current bull run, we could see that most were pushed down to very pathetic levels. Nobody seemed interested and willing to talk about them and share prices languished for a while. This was perhaps the best time that the operators started to accumulate slowly and quietly.
What happened next? When the catalyst came, they started to push up the share prices to offload their cumulative holdings along the way up as well.
Gloves are currently in a bear run. Nobody can predict precisely how long this will last and how low the operators are going to press down. Be prepared to ride out this downcycle if you decide to hold longer for another bull cycle. If not, you should sell out on any price rally.
Former DPM Ismail Sabri poised to win premiership race https://www.theedgemarkets.com/article/former-dpm-ismail-sabri-poised-win-premiership-race?type=malaysia# --------------------------------------------------------------------- John1234 Market is always forward-looking. From some speculative plays today, Umno-linked stocks(eg KUB Malaysia) enjoy a good play. Market operators seem to have put bets on who our next PM is likely to be. 18/08/2021 9:50 AM
Rubberex briefly touched 79.5 sen and closed at 80 sen today.
On closer examination, I found out the following: 1. Trading vol was not particularly high to suggest any insider selling. It appeared more like the operator was merely churning trading vol on a quiet trading day to meet his daily KPI as well as to test the water(eg panic selling) below 80 sen; 2. No apparent bad news about the company and glove counters as a whole were still holding their ground. The same thing had happened to Comfort Gloves too when it briefly broke below its recent 52-week low of RM 1.79 recently and bounced back a little on the subsequent day.
Rubberex will be releasing its corporate result by end of the month. We will soon find out how the company has performed.
As usual, not a buy or sell recommendation. Do your own analysis!
skcm2017 has been a staunch buyer/supporter of Rubberex as he had made huge gains from it last year. So, in effect, he is buying back the shares that he had sold last year.
Just a word of caution though - Use dollar cost averaging method to average down holding costs in a more disciplined way, rather than haphazardly. First, formulate a plan, ie how much lower the share price could possibly drop to in the worst-case scenario? Next, plan out the top-up(buy) trigger points, based on available funds, ie spread out the purchases. Lastly, never put all eggs into one basket, ie diversify the portfolios. ---------------------------------------------------------------------- skcm2017 Aug 2, 2021 5:29 PM
@JK22 - corrected your wrong hypothesis without research data. I was making a huge profit in 2020...
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....
18revenge
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Posted by 18revenge > 2021-08-16 13:52 | Report Abuse
Shitdel12 bodo