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 STOCK MARKET DISCUSSION V150

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HereToLearn
post Jan 8 2021, 05:09 PM

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QUOTE(Vanguard 2015 @ Jan 8 2021, 05:05 PM)
And the market is now closed! We are back to the March 2020 glove madness. My unrealised profit tripled from this morning. But we don’t know how Mr. Market will behave next Monday. My portfolio is now at +13.02%.

Carlberg  -2.08%
Comfort +5.38%
Harta +9.64%
Heim -3.15%
Kossan +5.14%
Supermax +31.05%
Top Glove +20.14%
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I hope this time, uncle will sell at profit, not bag holding it

QUOTE(cucubud @ Jan 8 2021, 05:07 PM)
Those who did the RSS on Monday 4/1/21, what is the longest time frame for them to buy back the shares?
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No limit, just pay fees
HereToLearn
post Jan 8 2021, 05:26 PM

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QUOTE(cucubud @ Jan 8 2021, 05:15 PM)
Thanks for your reply.
If the share price stays high, then they wait?
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Can always wait
HereToLearn
post Jan 8 2021, 05:34 PM

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QUOTE(Vanguard 2015 @ Jan 8 2021, 05:26 PM)
I bought a lot of glove stocks..sometimes I sell and buy back again. Sometimes I average down. Depending on my mood and budget. Yes, you read that right, my mood.  biggrin.gif 
Eh, since when have I been bag holding glove stocks?  Sometimes I earned a lot in a day and sometimes I make eye watering losses as well. All in a day's trading. But Lady Luck took pity on me. My capital is still intact.  sweat.gif
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As long as unker is earning. That's good rclxm9.gif
HereToLearn
post Jan 8 2021, 08:05 PM

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QUOTE(jinj @ Jan 8 2021, 07:24 PM)
Noob questions.
1)Why SBL to short when you can short yourself?
2)how does SBL push the stock price up?
3)if today's panic dumping of other counters is due to mco rumours, does that mean glove's surge is due to goreng upon rumours also? Meaning if no mco on monday, gloves will fall a lot? Others will rise back?
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1)Why SBL to short when you can short yourself?
You get to buy lower if you intend to hold as investment/trade.

E.g. XXX is now RM7, you know if you let him short you can buy your stocks at RM6. So you just let him short

2)how does SBL push the stock price up?
When short sellers get greedy and do not close their shorts at profit, you as the biggest player buy them all and raise the price higher than the shorters' short entry. They would now have to close the shorts at higher price, which then you can sell back to the shorters at higher price.

E.g. Now that he has successfully shorted to RM6, you bought all his shorts in the shadow, and bought even more to raise back the price back to RM7. The no-guts shorters now might panic close his shorts by buying about above RM7.

In this way, you would be able to earn not only the fees from the lending, but also the capital gain by buying all his shorts and sell it back higher to him.
Now that these shorters have experienced this, most likely they wont short anything that EPF has huge stake in it console.gif

3)if today's panic dumping of other counters is due to mco rumours, does that mean glove's surge is due to goreng upon rumours also? Meaning if no mco on monday, gloves will fall a lot? Others will rise back?
Yes and no. Maybe it is really just closing the shorts, because recovery stocks did not drop a lot today (just 1-2%), and KLFI is miraculously still +ve for the last 2 trading days, with hammer pattern

But if it is really due to MCO, just sell on Monday before the announcement if you are scared

I personally think we will have MCO la - someone power is in risk if no MCO + insufficient bed

This post has been edited by HereToLearn: Jan 8 2021, 08:12 PM
HereToLearn
post Jan 8 2021, 10:52 PM

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QUOTE(Boon3 @ Jan 8 2021, 10:08 PM)
Huhhhh?
Okay. Nvm. smile.gif
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Boon kor going to buy?
HereToLearn
post Jan 9 2021, 11:36 AM

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QUOTE(Boon3 @ Jan 9 2021, 07:18 AM)
Aiyooo... dont follow me la.
Picture was drawn.. explained too...

Apa lagi mau? laugh.gif

Hold your hands? tongue.gif
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Because it could be a false breakout like what happened in 4th Jan (false break down).
On 4th Jan, it brokedown below with a full year high volume, but miraculously slowly recovered until yesterday that it broke up with higher than average volume.
user posted image

I think the brokeout on 8th June was due to MCO rumours (slightly affecting FA of recoveries) and short selling covering.
HereToLearn
post Jan 9 2021, 11:58 AM

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QUOTE(Boon3 @ Jan 9 2021, 11:51 AM)
4th was a breakdown.

Yesterday, was a breakout.

Breakouts and breakdowns can always reverse.

It happens. wink.gif
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Yes exactly, that's why I was asking u: R u jumping in for a quick kill because it can always reverse (after seeing how quickly it reversed from a breakdown to breakup).

Because I think the reverse is definitely either short covering and/or MCO
HereToLearn
post Jan 11 2021, 09:28 AM

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Steel was clearly pump and dump orchestrated by the smaller sharks (not institutional, but facebook stock gurus/syndicates)
HereToLearn
post Jan 11 2021, 09:46 AM

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QUOTE(Zhik @ Jan 11 2021, 09:15 AM)
I wonder why ppl are not into palm oil counters nowadays. Since the cpo keep going up n up, amd the productions aint affected much compare to y-o-y. When viewing the output and cpo price hike, they still make more.
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Plantation index still trading sideways, chase if breakout (if the big players were collecting instead of dumping when trading sideways)

Been trading sideways for 2 months already

This post has been edited by HereToLearn: Jan 11 2021, 09:51 AM
HereToLearn
post Jan 11 2021, 09:50 AM

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Finance index is down, so if anyway wants to get out before MCO announcement tonight, get quick...

Next support 14500
HereToLearn
post Jan 11 2021, 09:54 AM

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QUOTE(prophetjul @ Jan 11 2021, 09:52 AM)
Probably expecting another rate cut now.
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IF so, going down to 14000 is possible.

Just another 9 days from now to the MPC meeting. It is best to just wait it out IMO
HereToLearn
post Jan 11 2021, 09:59 AM

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Looking at how quickly the gloves are dropping today. I opine that the gloves ejaculation on Friday was mainly due to shorts covering.

Nothing interesting today, Signing off. Keep an eye on plantation counters for the next few days. Very close to breakout already.

I have zero holdings now. So my comments are totally neutral - not biased towards any industries/sectors.


Last but not least, trade carefully boys. Buy when you are 70% confident, not 50-50 flex.gif thumbsup.gif

This post has been edited by HereToLearn: Jan 11 2021, 10:00 AM
HereToLearn
post Jan 11 2021, 10:02 AM

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QUOTE(statikinetic @ Jan 11 2021, 10:00 AM)
Makes me happy I got out of the water so I can sit on the beach with a coconut for the show.
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Same hahaha, but I am sitting in front of my computer monitoring potential breakouts (to chase) and meltdowns (to plan for entry when reach my FA entry)
HereToLearn
post Jan 11 2021, 02:03 PM

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QUOTE(squarepilot @ Jan 11 2021, 10:04 AM)
Mind to share which plantation stocks you are looking at? We might help you to create a breakout 😁
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Hahaha, if we all buy to create breakout, then not natural already, who are we going to sell the stocks to later?

Eye-ing on the plantation index actually, I think the index tells better than individual stocks.
Only when the index is healthy, I will buy the cheap stocks with strong fundamentals in the index.

This post has been edited by HereToLearn: Jan 11 2021, 02:04 PM
HereToLearn
post Jan 11 2021, 03:47 PM

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QUOTE(Zhik @ Jan 11 2021, 02:19 PM)
Am looking at plantation as well.
Which plant u looking at? Palm oil? Coconut? Coco?
I saw most palm oil counter go up, but no volume, anticipating further drop.
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Was looking at palm oil counters mostly. Plantation index broke up just now, but came back down. I didnt chase.

QUOTE(lowya @ Jan 11 2021, 03:23 PM)
what do u think of HARNLEN?

which plantation to go with?
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Harnlen I tak tau, boss sweat.gif
HereToLearn
post Jan 11 2021, 07:30 PM

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QUOTE(icemanfx @ Jan 11 2021, 07:19 PM)
Beware you may get more than what you wish.
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I am praying for limit down rclxm9.gif

I am all cash now
HereToLearn
post Jan 11 2021, 10:35 PM

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QUOTE(AVFAN @ Jan 11 2021, 10:10 PM)
so, which counters will be top gainers, top losers tmr?
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Expecting recovery stocks to take a hit.

Most likely wont limit down, but never underestimate the power of RSS
HereToLearn
post Jan 12 2021, 08:37 AM

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Recovery stocks be mentally prepared to get RSSed
HereToLearn
post Jan 12 2021, 09:58 AM

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» Click to show Spoiler - click again to hide... «


Waiting patiently for a limit down
HereToLearn
post Jan 12 2021, 10:05 AM

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Btw, market is dropping very quickly with the emergency consent. Trade carefully boys, might be a good time to lock in profit.

Can also considering shorting the future index if you are adventurous.

This post has been edited by HereToLearn: Jan 12 2021, 10:06 AM

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