Still way too expensive from fundamental analysis point of view. I am not good at trading, so I dont trade.

Book profit when you still have the chance, when people are still hoping for hard-to-achieve spectacular QR...

Only insiders have the news, and a lot of people will claim that they have the insider news luring people to BBB

I guess the retailer confidence with the gloves is still strong, so there shouldnt be any huge price drop.

The show will only begin after Sept30 to Oct30, when people need to start paying loan before Oct30. Try to sell your gloves stocks before that at a good price, to either book profit or incur minimum losses

Congrats on your earnings . Feel free to join me in the fundamental investing sharing in the near future

Tbh, not losing is already good enough when you trade. You need to know that you are playing against algo trading, syndicate traders and experienced traders.
I didnt have the luxury not to lose money when i traded last time. Yes, initially i won so much that I thought I could day trade everyday to make a living, only to lose everything in the end

Going back to work, will come back to see hows the market doing later

This post has been edited by HereToLearn: Aug 10 2020, 09:52 AM

I talk about fundamental analysis to INVEST in undervalued counters all the time.
But clearly people are just not interested in, going towards 1 hour +/-10% is more alluring to the public now

If you are looking from fundamental analysis point of view, DO NOT TOPUP any gloves counters
If you are looking from trading point of view, I cant help. I am not good at trading

If you have unrealized profit, just book them before it is too late.
If you have unrealized loss, TRY to sell them at a minimum loss.

This post has been edited by HereToLearn: Aug 10 2020, 10:42 AM

It really depends. I personally think that syndicate traders will be able to convince people to earn back all their losses from gloves in another random popular sector after the gloves hype.

Just like how property-turned-auction gurus lure the naive public to buy auction properties (telling them it is below market value), after no longer be able to lure the public into compressed loan for new projects
Yes, they are below market value. But the auction properties are still way overvalued. But the public is so convinced to buy now, in order to sell high to the next sellers. I can only wish them good luck

This post has been edited by HereToLearn: Aug 10 2020, 10:48 AM

Thats what the forumers always say. If IB keep doing so, they will never be able to clear all their holdings,
I dont think the spike is IB buying back, but it is IB slowing down their selling, else they wont be able to sell at good price everyday.

With that being said, it is a clear indication of strong retailer confidence (or experienced day traders in play) in the gloves counters. So just try to slowly clear your holdings at good price.

This post has been edited by HereToLearn: Aug 10 2020, 11:23 AM

LOL, just had a look at his post
'Logically investors should sell Supermax to buy Top Glove'
Based on P/E 20 target price Rm 126 Legend in the making This might be achievable with people dumping other counters to join this


He too know that: with the gloves being so overvalued, the only thing keeping the gloves price afloat is the new fund coming in. Realizing that, asking other glove counters investors to join him is the only way for him to dispose high.

Highly experienced and professional syn trader

This post has been edited by HereToLearn: Aug 10 2020, 11:22 AM

Investment bank

For supermx
Above 500m PAT, will correct its PE to 15x, if the PAT (sales and avg selling price) can sustain for another 4 quarters

Avg PE is 21.380 as of Jul 2020
https://www.ceicdata.com/en/malaysia/bursa-...composite-index

As long as you still made profit, it is good enough already.
Good experience and free money

Trading is a 0 sum game. Current trend, outflow >> inflow.

I dont think the fear mongering is an appropriate term here. ZeoresOfInfinity was more like creating public awareness.

Also I dont think will die out so soon, although the revising of TP upwards has been slowed down (from May to July - TPs were revised upwards by analysts every few days). Because the retailers' confidence is still strong.
IB also hasnt start lowering TPs. Big players most prolly have not cleared out all their holdings. Even the QR is bad, the drop wont be too much. Else, the big players dont get to distribute at high and attractive price for maximum gain.



This post has been edited by HereToLearn: Aug 10 2020, 03:28 PM

Borrow a stock from an owner to sell at higher price, and buy it lower later to return to the owner

I agree with you on that gloves PAT/Q might continue with possible increase in ASP in the near future. But for the increase in PAT/Q to rise above the required PAT to meet the market consensus PE, would be quite difficult.

I shouldnt really comment on this until supermx qr is released . Lets see the result later together, if it is PAT > 500m, I will join u guys in the glove run

This post has been edited by HereToLearn: Aug 10 2020, 03:44 PM

Supermx insider? Share valid tips here

Still have time look at careplus, release good result on 24 July (closing was 2.46). Slowly go up after that.
Dont gamble. Buy after you digest report. A lot of ppl buy only when others are buying.

From 2.46 to 4.2 is still good profit

This post has been edited by HereToLearn: Aug 10 2020, 03:47 PM