I dont think you get me. You get rebounds each time a counter drops too much at one single time. If you can time perfectly, you may get the stock before it heads to a rebound and earn a few cents to fifteen cents swing trade. For instance like how we traded oil stocks today. Doesn't mean that KNM SCOMI is on way up. It shud be headed further down later down the road. But it rebounded. Now if you decided to hold, then different story all together.

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Added on June 24, 2009, 12:16 am

What do you do for living? You sound like a broker only Haha told you not to worry about your Topglove yet right? Man I wish i went it as well. hehehhe.

Hahahaha I suicided on O&G waseong two weeks ago. Slap slap itchy hands. But can be resuscitated one la if got holding power. Lucky for that. Phew.

Dont worry leh, I don't have shoduken's power. Where's he. Miss him. Why choi choi. I got waseong ma. Don't worry la. If drop I will pump in more money lo. I love this company.

I don't like Waseong. I don't like O n G on the count of the speculative nature that backs their bullish breakouts.

Fundamental is ok, but a bit pricey even at IPO price...
I'm quite sure it is director goreng. If not, where can get so much volume yesterday?
I really doubt Bursa system, why Samchem didn't receive UMA!!!

EXPENSIVE! the market is selling cheaper than U!!! 

me adding stake on my Pbbank today.

celebrating me holding Pbbank for 18 months. muahahahaha!

TP should be around 7.80 on their expected earnings

oh this week kah, then dun understand why those ppl blocking uchi from coming up, everytime price reach 1.220 they will increase the volume to 10K selling pressure, duno what they're planing.

remiser says this pattern is very typical but he say duno anything just observing the pattern.

Read Mark Learn and Inwardly Digest:

OSK Research Sdn Bhd has maintained its buy call on Top Glove Corporation Bhd at RM6.50 with higher target price of RM7.40 (previously RM5.55) and said the company's 3Q09 results were above its expectation, mainly attributed to the additional buying by its customers who had kept minimal inventory, plus cost efficiency and forex gains.

"We are upgrading our FY09-10 earnings by 14%-23% in view of the improving economic outlook, which will spur demand for non-medical gloves," it said.

The research house said the 3QFY09 annualised results were within consensus but above its expectations, making up 80% and 82% of the FY09 forecasts respectively.

It said Top Glove and its peers had not lowered the selling prices on all glove ranges despite lower natural gas prices (down from RM22.06 per mmBTU to RM15 per mmBTU), as natural gas makes up about 7% of Top Glove's total cost.

"With the better revenue combined with cost efficiency and forex gain, its 3QFY09 net profit of RM42.2 million jumped 17.1% quarter-on-quarter while EBITDA margin rose by 1.2 percentage points to 18.9%, mainly contributed by the sales of a higher margin product mix," it said.

"Finally, both the 9MFY09 revenue and net profit improved by 9% and 35% respectively, thanks to higher utilisation rates and a better sales mix. Top Glove has 19 factories (13 in Malaysia, four in Thailand and two in China) with 355 production lines that produce 31.5 billion pieces of gloves per annum. We understand that its utilisation rate averages 70%-80%."