I lost heavy on AA when the pandemic hit last year by selling off position in March/April but i was so surprise to see it gaining momentum recently.  The budget travel industry is surely not ready to recover this year even with vaccines. The cost of quarantine in a hotel etc defeats the budget travel niche. So why is  AA flying? maybe its not  because of its travel business and there is something else brewing, now that there is Tune Pro insurance and food delivery?

Logic does not matter. What matters is the "future" forward looking impression and hype.

Ouch, I’m still holding at 20%+ loss ah jiejie

hmm I thought KGB has good prospects and fundamental etc ? Why not just hold? 

As for KGB, alternative way is to cut and re-enter at lower. Now might dropped 20%..mana tau later 40%? so if cut now and re-enter later..the profit will be much better. However, this method doesn't apply to all counters and all individuals...how much losses you can tolerate will differ from each other.

Another thing is to look at a longer horizon beyond the trend’s pressure. The trend is evidently AGAINST gloves now and FAVORS recovery stocks so gloves will be given low valuation, but how long will this trend last and will this matter in a longer time frame? A true FA has to ignore most of the short to mid term white noises.

Things to ponder about.

Now is the dry season fanning the fire and causing all the glove stocks to burn.

I am waiting for rain to come. It is supposed to rain by today or within the next 1 week.

Otherwise, I will have to pull out all my troops in stages. No point letting them burn to death. 

No wonder my recent trades have failed. My 3rd eye was closed!

https://forum.lowyat.net/topic/5114374

So jie jie sold/CL all units already? Am i all alone in this expensive penthouse now?

Do you think people are moving from other glove stocks to TG due to the dividend? All of the other glove stock experienced drop even though RSS only aimed at TG.

Regret not averaging down when it was 1.7. Now I’m still sipping hot tea at penthouse

I’m at 2.3x, sad but true...

I had the capability to average with an impact more than 5x my current holding in KGB, which would’ve turned my loss into a win, but didn’t do it out of fear.

No regrets coz we can’t predict the market anyways

Self Note :

Sold the following stocks today:

1. Armada for about +9% profit
2. Jaycorp for about +2.33%
3. DHIP for about +1% profit.

Transferring the proceeds to another stocks.

Monitoring glove stocks. To reduce, cut or hold? Light at the end of the tunnel? When?

Let's see how Maybulk will perform over the next few days. Is it really a turnaround stock or just a pump and dump stock? TA looks promising but the FA looks horrible.

MMC looks more solid.

Monitoring EITA and Complet. Both fell about -20% and -42% over the past 5 to 10 trading days. Catching a falling knife again??

Grab Holdings Inc. is in talks to go public through a merger with a SPAC that could value the Southeast Asian ride-hailing startup at as much as $40 billion, making it by far the largest such deal on record.

The Singapore company is discussing a deal with a special-purpose acquisition company affiliated with Altimeter Capital Management LP that would value it at between $35 billion and $40 billion, according to people familiar with the matter. (Altimeter has two SPACS; it couldn’t be learned which one is in talks with Grab.)

https://www.wsj.com/articles/grab-is-in-tal...ger-11615486822

Many will buy into this.

I think glove stocks make up about 60% of my overall portfolio. Time to trim.

BTW, I mentioned Complet in my post yesterday. Today, it has rocketed +16%. Missed the boat. Oh well, life goes on. 

Me not sifu, but here is my understanding.

HK Listing is primary dual-listing. From Google, primary listing is listing of new shares. So, new TG shares will be available to HK, adding to current number of shares, thus dilution effect.

OTOH, SGX listing is secondary dual-listing. Secondary listing inSGX  means selling existing shares to be listed in SG. No dilution happens.

I made a huge blunder in not finding out more about the Hong Kong listing. If only I knew about the difference of primary & dual listing then...... Mr Market ady knew what's gonna happen then, hence the market reaction.

P.S. I really wonder why the need for primary listing? HK listing must only be primary listing? I don't know. If TG changes it to secondary listing, perhaps share price will rebound. But unlikely, as TG has ady submitted application.

If the offering in HK is not well received, it will signal further downtrend as sign of subdue demand from global investors would weaken local investors confidence.

But it could happen the opposite, which is high demand from global investors during the offering exercise will provide the much needed confidence for our local investors.

It's really a gamble, and also depend on market appetite for gloves share. Especially global institutional investors

Careplus, Comfort, Supermax and Top Glove.

Minggu depan, mungkin saya akan kasi potong kecuali Comfort dan Top Glove.

Thank y’all, now I have a clearer picture. Not sure if I should hold it for the dividends though.

Thanks for the positive perspectives.
Haha jiejie want to know my secret? My acquisition price for TG is 5.22 😅
But ya there’s still a possibility to lose confidence then cut loss la, given the very poor market sentiment against gloves. I wonder what’s TG’s plan post-covid, if we can determine that then can better gauge the future.

Why? That’s still considered as the higher floors? 😱

My style, i prefer long term.

Despite weeks of correction some prices r still high so hard to aim long term. Like Unisem, i bought 5 it’s now 7. Long way to go to reach level 5. My Greatech is still green in my portfolio, keeping for long term

TG is continuing to go south.