Oh well, so much speculation on OPR cut. Thats why never believe in rumours...

Cooper price increasing,
Gold price staying flat
OPR no cut = economy recovery is heading towards BNM projected path
Unemployment? down or up?

1 last engine for economy recovery turbo is still uncertain. I would wait. 1 more day for the unemployment data.

Now you know which counters to accumulate. For those who wont have the patience, they might only start buying at uptrend breakout

I have never run from 1st 2nd 3rd tier gloves since early June.
So...

Rakuten today.....

"Glove likely see technical rebound. Investors may take some position for rebound play".

In short - down down down today. Buy on dips.

(TG and Supermax sell queue REALLY doesnt make for good reading now.... ready for the fall in 3.....2.......1........)

judging by the volume transacted today...

i think no more margin...contra....weak heart player..

now really very small pool seller and collector.

Should be a good sign

if conitnue the trend, afternoon could be higher, hopefully lol

1st leg - survive morning session today (continue in green)
2nd leg - survive evening session today (profit taking?)
3rd leg - survive weekend (good news, no shocking or bad ones)
4th leg - survive Mon and Tues (before Wed holiday).
5th leg - survive Thur (when TG announce results).

If pass all 5, then dead cat bounce is not. Even at 4th one, would be OK.

i am not so sure it is mostly retailers.

TG - 44mil shares traded in 35min - this is huge.

some local funds grabbing, i think.

they won't buy tenaga and maybank now...

the average use of gloves per capita in europe country is like 200+ per year, US 150, then china only 6.. so imagine if china now wan to up their health industry, they up their usage, become 10 per capita, u imagine how much gloves usage total up. this is something worthwhile to think of.

i believe due to this covid the world will increase healthcare awareness and thus increase all this gloves consumption.

the TG presentation slides contain all such information... why incr capacity, why nitrile, why prices up, etc.

they also said several times nitrile is not easy to source now, new factories cannot get up n running that quickly, quality issues, etc.

those are some of the reasons for chairman saying, "'extremely robust quarters ahead’.

if u agree, u buy and keep the shares la!

Now is the worst time to buy the glove stocks. All the glove stocks are hitting limit up.

But as usual, the herd will rush in...

I am selling down my glove stocks either fully or partially this week.

9.50 would be a pessimistic prediction

Let's look at Peter Lynch’s 6 classification of stocks in his book, “One Up On Wall Street”. Banking stocks and utility companies will be classified under slow growers. Glove stocks will be classified under cyclical stocks.

So, is Maybank a better stock because it is less volatile and has a stable dividend policy while Supermax is an inferior stock because it is highly volatile? Therefore, in the long run, we should buy banking stocks instead of glove stocks?

This is the wrong approach because we are comparing apples to oranges.