yeap... very atypical of the trend... this is how it was for Careplus & Adventa before it skyrocketed... some sharks/operator collecting this counter... those who know how to read signals will understand... anyway, welcome everyone in this boat... i just moved my fund here about 1.6mil.. lets wait :)
i think you are one of the small shark...so the big shark throw to you loh...1.6mil can collect how many already, the bigh shark wanna to scare ikan bilis at the end ate by the small shark...hahaha
i suggest those whom bought this counter, please hold tight for now for the next few days... MCO operating constrain lead to bad QR... demand is at peak for condom with supply shortage for weeks... please do not dispose at a price you'll regret later... if possible, i would want to lead this boat :) buy and accumulate for now... please dispose late for a handsome margin once the bull operator make a move, thanks
@Value888 i saw that as an opportunity... :) today basically u know the reason why... but u also must remember they're the biggest mfg for condom in the world.. and supply is severely disrupted because of MCO.. CMCO is lifting soon... i took the opportunity of the falling price after the QR announcement to grab at huge bargain...
some funds have started moving silently here through my counterparts (if you notice from 3pm to 4pm).. but kinda regret... coz we made decisions quite late after monitoring the trade very closely...
@Cupcakes69 those were the days, dear brother.. i feel you... haha... but now its a different era... we need to learn to move with the change... foreign funds are out since 2018.. now the dominant power is in local retail group & local operators on control... time to read signal in and move along to rip the profit... long term investment is a dangerous game nowadays in stock market with current speculative investors... things will be more worse once IDSS is lifted next month
@WarantHunter hmmmm... still under assessment... but i foresee a good move soon.. volume from glove stocks may have severe sell-down soon & move to essentials/consumer products soon after CMCO lifted..
yeap, you can start collecting now... this company having a very high demand orderbook but unable to deliver due to MCO as reported by the CEO... our Malaysian's covid situation already cleared to a good extent and local transmission as well... Thus, expect CMCO to be lifted soon... even so, no Karex already started operating 100% capacity... FYI, Karex is the world's largest condom manufacturer :)
Not a good idea. Theres a recession coming soon, you do not want to hold a loss making company. It didn't go past 0.65 in the past 2 years when things were relatively good. So it's unlikely that it will do better now.
@WarantHunter make your own call... usually i go for a war at red & come out when it is green... if you go in to a war when it is green & climbing aggressively, you'll come out red... i see some potential for this stock & other O&G for short term...
@bryn97 i already out now in O&G today morning... velesto & armada... both were bought yesterday and disposed today morning :) i foresee some volume again to pick up in O&G due to the OPEC meeting soon
@Value888 yes, there is some accumulating going on by some shark/operators.. observe very closely how the operators put the pressure on retailers to give up the shares by keep placing large sell order to force the retailers or weak holders to dispose... and they add & remove the sell order abruptly & keep pressuring the selling pressure... at the same time there is a steady buy volume in smaller qty... operators are very smart... they won't place buy orders in bulk during accumulation period to avoid showing demand signal with the retailers... they know how to acquire the shares at steady lower margin by creating force sell tactic...
Serba i like playing the warrants :) but be very cautious in O&G.. u can't hold too long.. u shud know how to play along with sharks when oil prices (WTI & Brent) fluctuates at upper region...
@limec86 there is some difference actually.. O&G really bad financial QR for the next 1.5 years for sure... its very risky... where as, Karex, hmmm... u'll know soon... they're facing very huge demand but unable to deliver because of the logistic & production complete stop for almost 10 days during MCO & 50% operation during CMCO before running on 100% cap now... economies are also reopening now... so, watch out & prepare for the next bulls upfront... there will be a few counters awaiting the economy reopening news ignite the bull...
@limec86 yeap.. for now i'm running away from counters which are in danger zone into a safer zone companies which are expected for slow & steady uptrend & not volatile... i'm also quite in touch with experienced bank remisiers...
@pennywise2308 yeap... i'm battling in a less volatile but potential markets for now... as protecting the capital is a must during unpredictable times... this week Gloves will have roller coaster ride and O&G will be the bull until OPEC meeting... and both have risk... the bull for O&G may reverse if OPEC meeting outcome is unfavorable as Russia is unhappy to extend the production cut as it well damage the oil wells permanently if shut down too long
i've entered O&G on Monday and exited yesterday itself for some profit.. not planning to bet further though it can be a more lucrative win if oil production cut was extended after the meeting..
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....
gnath_77
780 posts
Posted by gnath_77 > 2020-06-01 15:41 | Report Abuse
hmmmm.... looks like someone collecting this stock, not sure when the bull gonna take off :)