Haiz, in dilemma now. So tempted to cut loss.

If it didn't dive more, then guess I gonna withdraw out my reserved war chest soon.

I remember you also super happy during March initial market red wave.

So any shopping list this time around ?

Well, what you could do is prepare yourself for the next big one. The market will always be here. So when the next big one comes, make sure you are more than ready.

Meanwhile ... you can just practice by making fake trades. I still do myself. Challenge yourself. Find out what you can do, what you can't, what you are good at and what you are not. Just take a small note book, like 555... and if you observe a good trading possibility, mark down the prices on the notebook. And very important also, mark down why you are trading that stock. Observe the results. The success and the failures.

Most ppl are in holiday mode. Even myself also didnt buy anything these few days, just look see look see, waiting for real bargain.

Didnt have the mood to look at the movement and volume to goreng during holidays. Looking forward to christmas eve celebration tmr with good food, thats all in my mind now 

Short on cash? Print more.

555 in shirt pocket + a 2B pencil = stylo milo la .... 

Elliot wave 5

KLFI, I am tracking this la.

For KLCI, as long as it is well supported above 1620, should be good to continue

I dont know I just buy at support and let it run, maybe 1800? XD jk jk
, btw mind teaching me how to tag people in this forum?

Hi all,

Lion industries these past few days up a lot. Anyone know why?

Actually even though I own the share, I don't exactly know what this company is doing since it used to own so many businesses including finance companies and now left little. Any other bros here own this share too and what's your long term view? Thanks.

steel industry rally? i know they are into still as 1 of their major industry.

*{Syie9^_^}* Testing
Must be coming from a very on point nickname to able to attract so many supports and assistance from senpais

Since we are on China, Ant turning from windfall to nightmare for global investors.

https://www.theedgemarkets.com/article/ant-...lobal-investors

anyone watch the many homily chart videos on youtube?
the 'teachers' said supermax and top glove are left with mostly retailers - represented by the green.

It's more simple.

Demand will always be there for gloves.

Key is... at what price? Pre covid is 19usd. Now is about 120usd.

Can above 120 or 150 last forever.?

If cannot... anything less than 100usd.. TG will earn less than 5 billion.

Which is actually real good but damn.... it stinks if compared to current expectation of 10 billion.

If and when c19 ends... demand of gloves will still be there. But at what prices? Usd19? Well look back at 2019 numbers...

This is why... even if falls to 3.50, it's a no go stock for me.

The other elephant in the room is... Mr. Bond, who has been fairly quiet so far..... except in Sep.

https://www.bursamalaysia.com/market_inform...?ann_id=3087833


Back in 2019, TopGlove raised money via exchangeable bond....

https://www.theedgemarkets.com/article/top-...hangeable-bonds

Quote: “The bonds may be exchanged into new Top Glove shares at the option of the bondholders during the exchange period. The initial exchange ratio shall be 656.0767 Top Glove shares per US$1,000 in principal amount of the bonds

So 2,005,073 new shares listed.
Their cost price is 2.03 !!!!!

And just a couple days earlier, Top Glove on 9/11 splashed 99.972 million buying back (or in my opinion, goreng up their shares from 6.20 to 8.00

The exchangeable bond which were converted into shares were listed on 15th Sep.
Top Glove shares closed at 8.58 the previous day.
That should be worth more than 17 million ringgit.
The cost is about 4 million
The elephant is... how many bond shares are out there?

Their cost is only 2.03...

What's stopping them from packing up and go?
Here's how many...

Because of the recent bonus issue, these bonds are granted bonus shares too...

Source



Max scenario of the bond conversion is 20.249 million new shares...

Are the bond holders converting and then selling their shares?

That is the money ball question that needs to be answered.