This is an example of opportunities to buy using the 30% allocated to trade. Everyone knows JPmorgan vested interest in shorting hence all the negative articles. It is up to you who you want to believe. The owners of the glove companies that have been in the industry for decades or opportunists such as JPM that never even step into a glove plant?

This post has been edited by nauticat99: Jan 13 2021, 03:45 PM

Watch the video, has lots of interesting info especially towards the later half. But this guy is on the ground distributing the gloves, hence his story is more believable than JPmorgan armchair analysts. https://www.supplychainbrain.com/articles/3...in-the-pandemic

Aha! Must be smart in playing their games. I sold and bought a few rounds due to the golden opportunities courtesy of JPMorgan shorting and negative articles. Am waiting to buy again cause glove is all red now. Red buy, green sell is my motto. No need to be greedy waiting for the lowest to buy and the highest to sell. Make money, cabut 1st. Bursa is open Mon to Fri

Yup, cos you are also doing the same as what I am doing..Haha..

Tks for a great article. I thought its a Sg based company but apparently its a US investment arm.

Based on the current glove stocks price fluctuations, volatilities and negative news/write-ups, can I conclude that JPM is in a very desperate situation now? They shorted TG and Smax aggressively last week at below 6, Harta and Kossan were also shorted in huge amount. There is no time limit for them to return the loans, they just need to pay interests for the amount of days or weeks they loan the shares. This interest is also calculated based on the stock price on the day the shorts were carried out. Hence the higher highs the shorts get, the higher price to pay for interest. As such, the longer the short, the risks get higher especially when the shorts were done at a very low based price (in fact you can said at very much undervalued price). A few forthcoming catalysts to consider now:
* Smax and harta quarter reports are coming out soon. They just concluded their last qtr on 31/12/20. So earliest you should expect is end Jan to mid Feb.
* along with these qtr results, they may declare hefty dividends (which JPM has to pay back to their lenders)
* Harta boss is buying his own shares using his own money. What does that tell you?
* Harta was one of the laggards in increasing their ASP, but the coming qtrs will rectify this shortfall
* Smax said the best is yet to come after the last qtr with a NP of nearly 800M. So expect another great QR of 1B (within market expectations) to 1.2B (beyond market expectations)
* Shorts were done from a very low based price last week but this week glove prices have gone up even higher. So JPM had to short at a higher price now. The implication is scary because it means JPM has to buy at an even higher price to cover their short positions.
* Since the net short positions kept on increasing, the assumption is that they have not cover their short positions yet. But at the same time the cap of 4% is hanging (as of 12/1, TG net short is 2.68, so left only 1.32 to short. I have no idea what is today's position yet). So this means the room for shorting further to push TG prices down is getting narrower.

Conclusion is if there are further pressed down on the big 4, then take the opportunity to add more to your portfolio!

This post has been edited by nauticat99: Jan 13 2021, 07:20 PM

Buy red, sell green
Am thinking still got room to go down. Still waiting

Make 20% from their shorting early this week, all in less than 5 trading days. Read the game well, plan your exit and entry and you can grow your money pot faster.

Was thinking in this current bull mkt, reit may not be a fantastic play cos the return is very slow. Like you said, capital appreciation is not there and dividends sure not good in current situation. I ditched mine and park in high volatility covid related themes since early last year. No regret cos if compare the total returns, I would probably need to wait for 10 years if still in reits. My 2 sen feedback

Harta recent Low 10.24, High 13.30
My game plan if I am in your shoes is to sell what I bought last week. You've got it at a very good price of 10.48. If you set 20% profit margin, park to sell them immediately at 12.58. You would have gotten rm2,100 profit. Do this a few rounds and you would have recover your earlier purchase. But bear in mind, you must be flexible in your profit margin %, judge the situation and adjust accordingly.
I know a lot of people always feel trap at penthouse level, freeze and didn't take any concrete actions. You did great in buying but you intend to treat your second purchase as an average down tool. In this current mkt volatility, buying and selling makes better sense. Change you mind set, treat the 1st purchase as LT, your second as to trade and before long you would have regained back what you perceived as a loss. But this method may not be everyone's cup of tea cause you need to monitor the volatility closely in order to make the best out of it.

Haha.. now I have to change my queue to 10.70

Yes, I seconded this. When it comes to second liner glove stocks, cut loss is a better approach. The fundamental is not there compared to the top liners hence expecting them to return to your penthouse purchase level may be a long waiting game. Might as well recycle the money.

Actually for those who are not vested in glove, take this time to really take a good look into it. If you check my previous postings, I have been telling this covid is not going to go away anytime soon. There are a lot of write ups about the vaccines from many professionals in their fields and the consensus is not promising. Hence for medium to long term investments, have some gloves in your portfolio. If you have limited funds, focus on the big 4, please do not buy those glove wannabe companies and second liners.
I know there are many glove detractors here and I3 but the reality is glove manufactures would have lots of quarters of bumper profits and good dividends (otherwise why would every tom, dick and harry jump into it now?). The recent negative articles from JPM and AmInvest are written with vested interest in mind. A real joke to me!. I would only switch to recovery stocks once covid is out of the picture permanently. As for now it is not, that's why I just cannot brain why people are promoting stocks with an unknown horizons for recovery. I know that stock prices are forward looking BUT this forward looking is pointing to glove companies!
Medelite - I know the situations on the ground are very dire now, so please continue to stay safe. Keep up the great work .

This post has been edited by nauticat99: Jan 15 2021, 02:00 PM

Death after Moderna vaccine - Norway 23 dead, Germany 10. Please google yourself.

The actual problem bogging the researchers and scientists now is the various mutations occurring worldwide. They just jab Pfizer, Moderna etc to discover more variants cause these bugger virus developed immunity to the vaccines.

'While China has largely brought Covid-19 under control, many countries are still dealing with widespread outbreaks partly driven by mutated strains. Some of the mutations are believed to have emerged in communities where herd immunity had already been established'.
https://www.scmp.com/news/china/science/art...n-march-chinese

Let me share with you the latest news I've heard from a friend whose son is working as a surgeon in London. This Dr had covid a few months ago and recovered from his ordeal. He was inoculated with Astrazeneca 9 days ago and today he got covid again! Sad but true 1st hand information

I doubt it cause that's are a lot of such stories within the medical fraternities. What you would read in the main stream media is a condensed version.

Covid vaccines gone wrong? Got videos floating from this lady Shawn Skelton. Well, she may be an anti vaxxer, so could fake her illness..so read with a huge dose of salt.
https://www.courierpress.com/story/news/202...ton/6646047002/

This post has been edited by nauticat99: Jan 16 2021, 03:10 PM

Never know it may go up instead cos ppl now think the reverse. Kilang covid=tutup=less glove=Asp up. Some more news about not enough containers to ship the gloves. More glove shortages!!
Seriously Smax is in the best position to take advantage especially once the US & UK factories are in operations.

Pls do tell the moment you buy cos then it's a signal to sell😜