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 STOCK MARKET DISCUSSION V150

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HereToLearn
post Dec 30 2020, 09:32 AM

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QUOTE(zstan @ Dec 30 2020, 09:24 AM)
play banks easier on the heart laugh.gif no nonsense like this.
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QUOTE(statikinetic @ Dec 30 2020, 09:30 AM)
There goes my entertainment for the day.
My GP advises non-involvement. biggrin.gif
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Alright noted
HereToLearn
post Dec 30 2020, 10:00 AM

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QUOTE(icemanfx @ Dec 30 2020, 12:03 AM)
Indicate some big players are trying to prevent price drop below 6.0 i.e triggering margin forced selling. the same big players will likely to push price higher at opening tomorrow.
When the market is frenzy, overpriced is common; it is not a surprise to drop from peak to a more realistic valuation.
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Wow auntie is right, big players will not let it drop below 6.

The question is will big players use this rebound chance to cash out?
HereToLearn
post Dec 30 2020, 10:09 AM

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QUOTE(icemanfx @ Dec 30 2020, 10:06 AM)
More likely to avoid margin forced selling.
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Maybe retailers should unite and sell, to make big players suffer once in a while rclxm9.gif jk jk
HereToLearn
post Dec 30 2020, 10:26 AM

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QUOTE(icemanfx @ Dec 30 2020, 10:16 AM)
Depending on who were defending 6.0 line and how much cash they have for defending.

since 6.0 line is revealed, savvy traders could range trade >6.0 line.
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But if next year, once short selling is permitted, does he have enough cash to defend? If everyone shorts, he confirm die
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post Dec 30 2020, 10:38 AM

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QUOTE(icemanfx @ Dec 30 2020, 10:31 AM)
That will depends on his relationship with other players. in the mean time, savvy traders can range play until defender's cash run out.
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I no balls la, haha I want u guys make money and congratulate u guys from sidelines. rclxm9.gif
HereToLearn
post Dec 30 2020, 11:13 AM

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QUOTE(SGSuser @ Dec 30 2020, 11:01 AM)
wah tguan...dont lao sai eh
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Downtrending, dont fight ma, next support RM2, FA good entry price 1.7

QUOTE(icemanfx @ Dec 30 2020, 11:06 AM)
Implying he was defending the 6.0 line. with over $1.2bn war chest, he could keep above 6.0 for sometime or redeem them.
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He already spent so much of company money for BB and it is still dropping, this 1.2bn war chest tak le pakai lo.
If one day, he has given up hope, and decide to remove this artificial support, then mega_shok.gif
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post Dec 30 2020, 11:21 AM

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QUOTE(statikinetic @ Dec 30 2020, 11:17 AM)
If it hits 1.7 I will enter with you.  thumbup.gif
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I typed wrong bro lol 1.87
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post Dec 30 2020, 12:50 PM

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QUOTE(SGSuser @ Dec 30 2020, 11:26 AM)
1.7? Lol

Rsi probably --0 oversold by then laugh.gif tongue.gif
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I cheapstake ma, only buy cheap stuff laugh.gif
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post Dec 30 2020, 02:43 PM

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QUOTE(icemanfx @ Dec 30 2020, 02:20 PM)
He must have regret didn't sell more of his shares when price was at elevated level.
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Same goes to those who kept collecting during the downtrend. Maybe some of our forumers here are now sitting on 5-6 digits paper loss
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post Dec 30 2020, 08:27 PM

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QUOTE(AVFAN @ Dec 30 2020, 06:37 PM)
RECAP...

PSS is already on.
RSS will come on on 4 Jan 2021.
IDSS will come on 1 mar 2021.
https://www.bursamalaysia.com/trade/trading...d_short_selling
just wondering... if recovery is slow and weak... which bank or plantation or O&G is best to short?! laugh.gif
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I am so ready for the RSS. Currently 70-80% cash, 20-30% equities, waiting for more opportunities to enter lower.
I am a cheapstake, will definitely appreciate if you guys can short any stocks until they are undervalued for entry.

Can try short gloves too, big money waiting to be made if trend continues, I will fight the trend when Topglov reaches below 2.

I only shorted index before, I have never short sell counters before, I dont know how and which counters can be shorted, but here's a possible profitable short selling list below rclxm9.gif
1. AA, AAX
2. gloves
3. all the pandemic related goreng pennies (e.g. gets, bintai, yongtai, notion)
4. steels that kena gorenged a damn lot (masteel up 50% a day, melewar up 70% a day, mycron up 50% a day)
5. downtrending counters (e.g. Tguan, GCB)
6. OnGs if OPEC decides to ramp up oil production
7. Maybe super high PE tech?

Update: I just check Steel tak ada dalam list cry.gif, 1 less opportunity for short sellers, here's the list, good luck and happy shorting
https://www.bursamalaysia.com/sites/5d809dc...nuary_2021_.pdf


This post has been edited by HereToLearn: Dec 30 2020, 08:54 PM
HereToLearn
post Dec 31 2020, 09:38 AM

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Today profit taking day? Will retailers get out because of RSS?
HereToLearn
post Dec 31 2020, 09:54 AM

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This post has been edited by HereToLearn: Dec 31 2020, 09:56 AM
HereToLearn
post Dec 31 2020, 09:55 AM

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QUOTE(statikinetic @ Dec 31 2020, 09:55 AM)
Perhaps, I can already see the head of a waterfall forming.
It's right now testing the 5.90 support line, which is holding the first time and bounced it back. May not be the only time it will be tested today.

Even TG is trending down. 6.05 line breached, so they may want the Tan Sri to come defend with the Great Wall of TG at RM 6 again.
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KLCI doesnt look so good, prolly will have a dip soon. Back to 1610 perhaps
HereToLearn
post Dec 31 2020, 10:02 AM

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QUOTE(statikinetic @ Dec 31 2020, 10:00 AM)
There ia a saying among us in the office.

Value and long term investors in Bursa....are synonyms for punters who got trapped in the penthouse with too big an unrealized loss to cut.
Already settled it with coffee.
I must say today is more eventful than yesterday's TG suspension.

Who knows what 4.30pm has in store for us?
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I think the opening show is next year when RSS is ready. Real show will come after march when IDSS is ready or when we enter into 2H2021 (when ASP starts sliding)
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post Dec 31 2020, 10:03 AM

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QUOTE(brokenbomb @ Dec 31 2020, 10:01 AM)
This is why people don’t average down on stocks

7 seems cheap
6 seems cheap
Standby for 5?
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I am waiting below 3. If below 2, should be undervalued enough for safe entry even with the new players mushrooming
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post Dec 31 2020, 10:16 AM

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QUOTE(statikinetic @ Dec 31 2020, 10:11 AM)
If many newbies start dabbling in it, I may need to prep some cash to go long.
Talk about people losing their underwear, they may start losing their legs.

SPMX breached 5.90, hitting 5.86 now.
Waterfall continues.
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I am already 70-80% cash now, waiting for opportunities. I hope the short sellers will do me a favor rclxm9.gif

QUOTE(icemanfx @ Dec 31 2020, 10:12 AM)
Long term economic equilibrium always prevail.

broken clock strike again!  rclxs0.gif
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LOL. Well played auntie
HereToLearn
post Dec 31 2020, 10:30 AM

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QUOTE(icemanfx @ Dec 31 2020, 10:29 AM)
Window dressing on glc and epf heavy counters likely from 4.30pm.
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Insider news or gut feelings? Reliable or not?
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post Dec 31 2020, 10:50 AM

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Well, the glove bubble is deflating, the property bubble is on its way to burst, what else is waiting in line to be burst/deflate next?
HereToLearn
post Dec 31 2020, 12:25 PM

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China just approved covid vaccine for general use. 80% effectiveness.

https://www.bloomberg.com/news/articles/202...ral-populatione

This post has been edited by HereToLearn: Dec 31 2020, 12:25 PM
HereToLearn
post Dec 31 2020, 01:01 PM

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QUOTE(icemanfx @ Dec 31 2020, 12:44 PM)
Supermax price drop is so illogical - Koon Yew Yin
https://forum.lowyat.net/topic/5079789
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After he clears all his holdings, and starts shorting, the article will turn 180o

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