Happening nearer than many wished.

Glove counters keep tumbling down but the uncles here very positive about it keep on collecting 😅

Each day technical bearish sign appear but everyone seems so happy about it wanna collect more. Collect until RM4 for supermax?

you talk very loud.

as if you know the future.

be a bit more humble, please.

Tsk tsk I aint bitter.. I have earned more than 100k from gloves.. and I sure love gloves.. I am waiting for my opportunity as well. my experience to myself is never fell in love towards a counter..

I'm just following the money trail.. giving 20k back is ok.

it just ticks me when you guys betting on gloves like going to genting lol..

people who pray for gloves should be long in /k/ not here..

Eh based on this statement

"KUALA LUMPUR: Public Bank Bhd has proposed four bonus shares for every one share held, the first ever for the bank as it aims to reward existing shareholders for their loyalty and continuous support."

i tot is 1 lot give u 4 lot? mean 22x 1/4

flipside of the coin - when others give high tp, reject aa... 1 give low TP, clap hands and cheer.

This is getting boring as fuck... Everyday glove glove glove....

I never bought glove except one time 10 years ago buy hartalega RM8... Wish I kept it... Almost 10x return...

Since when one need to be footballer to talk about football, F1 driver to talk about car, topg shareholder to talk about topg, preacher to talk religion?

Bystanders tend to have a better perspective than players.

If losing money or below water, carry what weight?

Lol true The Edge is garbage paid shills to do PR for companies. Don’t know how many newbies got screwed by The Edge for buying on news and ended up getting slaughtered. Seriously, the sell on news mentality needs to stop if the news is genuinely positive for the company

Let me explain why I think it's so not okay. My view la... share only.

When the company makes such a huge and risky investment in the stock market, it's a MOVE AWAY from its core business.

Is Tropicana core business that bad/poor?

Currently, Tropicana (9 qtrs) profit after tax is 16.7 million. Sales is 246 million. That's about a 6.7%.

b4 the stock purchase, Tropicana had 700 million plus in cash but they carried borrowings worth some 3.2 billion, and the financial cost is 38 million per quarter.

Which means, Tropicana is used to buy shares in the chairman company using borrowed money la.

That is so not okay from my point of view.
The past few days, the chart of Tropicana clearly indicated that after the initial purchase of TG shares, there are massive SELLING. The stock had closed 10% lower on heavy volume.

So now TG boss, as chairman of Tropicana is getting Tropicana to buyback shares of Tropicana? 

How can this ever be ok from Tropicana shareholder's point of view? Who benefits more from Tropicana's purchase of TG shares? Tropicana shareholder or TG boss?
and lastly for Top Glove shareholders, they really got to look at their boss...
Look at his recent actions...

TG share buyback...
Tropicana buy TG shares...
ownself buy TG shares...
Tropican buy more TG shares ...
Tropicana share buyback...

Apa macam ni?
Is he or is he not gone over his head?
Is he or is he not overly active in the share market?

Shouldn't he be more focus on his own company? There is grave danger when the boss is way too engrossed in the share market!

But here a lot of rich fat sheep’s, averaging down from RM10, now at RM7 for SUPERMX, soon they’ll be averaging down from RM6-5 if downtrend still continues, if not I’ll be joining the trend 
But isn’t TA better than HA (hope analysis) which a lot here practicing.

One is informed predictions

Another is

Crystal ball roulette.
If you put it like this, everyone will win stock market 100%

When share price drops, buy the companies with good FA, close eyes for a few months/years? Then get 100% profit. Is that the sure win/safest route?

Cut loss is not known among cult.

Yes, you got it right about the stakes is high issue. However, was that or was that not caused after the boss boasted that he aims to be a bigger stock than Maybank and that he wants TG to be a F500 company.

Wait first. Being ambitious and having a drive to become better is truly wonderful trait to have. This is what champions are made off. But there's limitation as such things cannot be forced. Agree or not?

And again before I continue... why the focus on the boss? If one is betting long on the stock (at least 1 year la) , one of the factors to observe is the boss. Listening to what he says is ok but we gotta observe what he does. If anyone follows Warren Buffett, this is so true. What he says, what he preaches does not necessary mean he himself does in the stock market. He criticized the value of gold like shit on so many occasions. But then, Berkshire not too long went into a gold miner, Barrack Gold. In this very same perspective, myself places a lot of value on what the boss does. The saying in life is why would you be a partner with someone in business who is most likely cheat you when you turn around? Just a saying.. don't jump the gun, ya.

So I focus on what the boss does... something which is so, so, so, so important right now. Right when Top Glove is experiencing extreme richness via current profit windfall. So much money... what does he do? will he squander it? will he be badly advised on monetary issues?

If the extreme richness is badly managed, then any investment/trade in the stock will not have a good ending, yes?

He says he wanna be bigger than Maybank,

So what does he do?

We saw the buybacks. Buybacks as everyone knows is extremely noble and could benefit shareholders. That I very much acknowledge and agree 100%.

But buybacks has some flaws. One of the more obvious one is, buyback is a form of buying shares from the market. The market can be a volatile and unforgiving monster. Sometimes it is nice, extremely nice but there are times it is unforgiving and deadly. Buying or executing the buybacks wrongly could see the buyback execution actually squander the wealth, whereby the share buyback is executed way too aggressively beyond any uncomprehensible sense of logic.

For example... as shown in posting # 2, Top Glove share buybacks actually chased the stock price from 6.20 to an insane high of 8.0. Insane execution. Some might call it abused. 99.9 million was spend or squandered on buyback just one day.

And Top Glove went on buying shares aggressively ... spending 1.2 billion so far.

Now look at the actions after that...

EPF went on a buying spree in tandem with Top Glove buybacks. This has to be mentioned. A case of clear conflict of interest because the boardboss sits on the EPF board.

He then went and somehow convinced Tropicana, a property company, to buy Top Glove shares.

He then took out his own money to buy Top Glove shares. (great own money, I can't complain .. but as a whole, it must be mentioned)

He then got Tropicana to buy some more shares of Top Glove...

And since Tropicana has fallen ... he then gotten Tropicana to buyback Tropicana shares...
These actions. .... wow!!!

Has the richness clouded his judgement. Does he think he is a share master?

Being relentless is one thing... being ambitious is another thing... but these actions are way simply too aggressive and even reckless. For what sake? Protect TG share? Or are these actions simply because of TG's current extreme windfall, he feels Top Glove should be a bigger share than Maybank?

Therefore, whoever owns shares in Top Glove should address this issue. Would you want to go into a war behind an overly aggressive and reckless leader?

And whatever Top Glove does at this moment... has a direct impact on other glove stocks. If Top Glove falls, it creates a negative sentiment on other glove stocks since it is their market leader. And it has an impact on the overall market too.....

And last but not least... his bold statement again of being bigger than Maybank and his initial 100 million per day buybacks actions. This sends out a terrible signal. It's almost a challenge to the market ... saying my company is rich... come throw, my company will buyback.

But alas... he should know ... whatever Top Glove has ... is almost open book. Their cash balance is known... There's a limit on how much Top Glove can buyback within a certain period. It's like playing poker but your cards are open for all to see....
ya... I am worried ... and sad to see what is happening.... isn't that why some say ... some people just cannot handle sudden windfall?
Oh... my 3 sen back at you...

Not pointing fingers

Averaging down is one strategy, but to keep averaging down in hopes that price will go up due to outstanding FA is low-key gambling. Like everyone said, market is unpredictable in the short term.. like many have said increase PAT, superb FA ya da ya da, I rest my case if those that aggressively buy/averaging down now are prepared to hold this stock for at least 2 years.
But in reality, everyone here is in for short term fast money gains.. then again, isn’t the better strategy of buying in when the counter stabilises?

Then again TA is a big bullshit in this forum, totally inverse compared to the guys investing in NYSE when TA is everything. Weird

getting more and more "good" news regarding glove sector.

they are trying to push again or what?