Something is not right for your computer.

Even open a number of window at once, normally for those feed won't consume more than 2~3Gb ram.

A 8GB hog on ram is overkill.

You should try out another computer to compare the.

The market "wake up" from V shape recovery dream.

DJ futures is traded electronic worldwide, 24 hours 5 trading days per week.

TP can change overnight...

Last year many have TP for gloves stock at RM4-5, cited high PE, put sell recommendation.
But now all turn, some even set TP at Rm25, and put buy recommendation.

Situation can change dramatically nowadays, and view by analysts can change overnight as well.

Another previous eg.
O&G stock, target price was RM2.xx, many buy recommendation, cited billion of long term contract etc, but oil price crash, slash TP to Rm1.xx, then situation worsen with massive writedown slash to RM0.6x, then RM0.4x now price only RM 0.2x.

Today eg.
Have a sleep and wake up overnight, from last night super bear, now all turn bullish.

Even if TP reached, they may revise upward to a higher price.

Buy or sell based on TP is not a good reference.
Instead it is more important to read how they derive the TP, due to whatever kind of reason or info etc. because of yield? Cash position? improve revenue or earning?
By then make your own decision based on the info, instead blindly believe the TP.

TP is just like a moving goal post, can shift to match the ball (market).

Market volume is dropping fast could signal the end of first phase of recovery rally.

The bleak situation is worldwide, not limited to Malaysia only. GDP for UK April alone was -20%, this shows how severe the impact of the lockdown.

Due to massive QE, stock market has given a wrong sense to the real economy. If merely look at stock market, it is like nothing had happened.

When market up, analysts up their TP, and rosy forecast (just like current gloves TP)
When doom and gloom, then you see lot of gloomy report and forecast.

The lockdown is unprecedented event, which never happened before.
There is simply no historical data nor any kind of modeling to forecast it.

But often, when everyone is super doom and gloom time, then market or economy spring back slowly and quietly. This had happened aftermath 1998, 2008.
Vice versa, when everyone is super optimism time, market crashing down hard.
This I can confirm always will a repeating and cyclical event.

Because of this news.


https://www.cnbc.com/2020/06/22/stock-marke...close-news.html

This post has been edited by cherroy: Jun 23 2020, 09:47 AM

LOL, pity those sell DJ futures at -400.


https://www.cnbc.com/2020/06/22/stock-marke...close-news.html

Huh, so fast change of tone on gloves sector?

Majority already released. Only left a few.

Market anticipated bad QR already, the market is looking at whether near future showing improvement or not.

The KLCI components have been revised. Airport and AMMB are replaced by TM and KLCC already.

Foreign funds are net seller for sometimes already.

The more foreign funds participant, the more closely the local market follows DJ movement.

So up less, down may also less.

DJ has support on the downside, as there may be second round stimulus coming as well as any downfall may induce unlimited bond purchase by Fed again.

The Bear has problem to win against the Fed. Whenever we see bear want to sneak out, the door being slammed by Fed.

Don't quite understand the reason to revise the down limit from 30% to 15% on KLCI components, while up limit remains unchanged.

KLCI components are all big cap, it is rare to see them move big magnitude each day generally, except recent 2 gloves stocks which are bullish based on fundamental, still they move within 10% range daily even with high volume.

Also, why only targeting KLCI components?

Glove stock share price shoot up, because ASP for gloves shooting up that resulted significant incremental profit to the company bottom line.

Mask from acute shortage, now become ample supply, and mask price already dropped a lot from the peak. Not a good place to be.
Also, mask is easier to manufacture compared to glove. So new supply can easily emerge.

So the key for the glove bull to continue is the ASP for gloves

If the ASP stay elevated, the glove stock price can stay at elevated level.
While if ASP starts to turn, then probably glove stock price also may peak.

I guess there are some retailers become irrational.
Just because of the got the name in front, then straight away buy.

Remind me, decades ago that bond price went over RM1.00 or above its par value due to similar bull frenzy.

It is crazy to buy put warrant when mother share is going up.
Put warrant should go in reverse with the mother share.

It indicates the fever is high on gloves.
And some becomes irrational.
Buy mothershare due to good profit ahead, at least ok
Buy Put warrant that has exercise price of RM5.00, when the mothershare is RM16~17, and going up? This is irrational.

Please read this info.
The HB exercise price for the put warrant is RM5.00.
It means
if the mothershare doesn't drop below RM5.00 when matures (feb 2021), the HB doesn't have any value. It means if buy and hold HB until it matures, and mothershare doesn't drop to Rm5 below, entire money invested in HB will evaporate.

This post has been edited by cherroy: Jul 14 2020, 09:42 AM

It is supermx-HB, the exercise price is RM5.00.
An european style Put warrant, an opposite cousin of call warrant.

Yes, if the settlement price when matures is above exercise price, then the issuing investment bank will pay you money back, aka the difference between exercise price and settlement price.

But you need to count properly, as you need to pay for price of the call warrant you bought, as normally, it is traded at a premium.

You need to check the ratio of exercise as well, whether it is 10:1, or 20:1. etc.

Normally or most call warrant exercise ratio won't be 1:1.
The above answer is right, if the exercise ratio is 1:1

If the settlement price is 15, and exercise price is 12. Value left 3.
Exercise ratio if 10:1, means 10 CW convert to 1 share, your final value left is 0.30. (3/10)

eg. abc-CW, exercise price Rm12, ratio 10:1, you buy at RM0.30

Your total "cost" in mind should be RM12 + 0.30 x (10) = Rm15.

Topglove-HA.

Exercise price RM12.
Exercise ratio for HA-50:1
Current market price HA 0.20. x 50 = RM10.

Means those bought HA expect topglove to trade below RM2 on Feb 2021.

Crazy..

Some more almost 60 mil traded volume in the market right now, and highly active.

Means there will be money burn.
Crazy.