hmm.. one of the reason why cannot put all money into hold tight tight stock.

allocate some money to make your holding price down.

the cycle keep repeating, and we can always make money from those unexpected sales.

Remember the feeling and learn from it. Conquer your fear and greed.

Are you the real OTB?

Hmmm. Just now thought you are OTB. Sorry

Won’t be the last. It will keep happen and it will look more serious then the previous.

I cannot time the market so I dunno what will happen tomorrow.

But after some volume analysis for the past two weeks, I have an opinion that this week is the week they going to push the market.

Certainly didn’t expect the whole market to be in Red Sea today. Most probably market sentiment is bad due to recession coming.

And since we cannot control market sentiment, we just need to fall back to FA. If the company is making money, keep making more money, then it’s all we can filter when we pick which company to invest.

oh. ya. you have sharp eye.

just some sharing because for some that is not so strong on TA to find support in an uptrend industry, higher low is the logical support.

but if based on TA, the support will be at another figure which is also very very near to the previous low point.

and I really think both of them are still in Wave 5, therefore this is just another correction. But will be a major one before it goes to new height.

my opinion only, not necessary be correct. Can just ignore if anyone doesn't agree.

anyone bought Harta?

13.xx is freaking cheap.

remember the feeling at the moment, and what you have said in this point of time.

better to make a note, record down, and revisit it after the storm is over. See what you have done wrong when you decide things based on emotion, not logic.

it will be a great lesson for all. If you can learn from it, you will definitely become a good investor.

if not, you will become the same as the 90% people in the market, which have failed to control own's greed and fear.

always back to fundamental, I don't give a f to what price Mr. Market offer me now.

I want to highlight a few points here.

for those who think the glove is a bubble, have you consider the following:

1) new factory/supply expansion by new player - have you consider the technology that they use, the expertise that they have, whether they can produce 2.5g glove? If cannot, they only can produce heavier glove, is it cost efficient in material wise?
2) new factory/supply expansion by new player - have you consider where can they buy their material? current nitrile latex material from Taiwan and Korea is fully booked and the capacity expansion will take a longer time than expand of glove production line. So to get order for the material, do those new players need to pay spot order price?
3) ASP normalization - have you consider when will the ASP normalize? If you don't want to invest in glove purely due to price is rising due to Covid-19 cycle, then you should not invest in all other cyclical stock as well. Because all will normalized after the peak.
4) Profit - instead of thinking their profit unable to sustain forever, have you think what those companies can do with the cash on hand now? From an in-debt company turned into a nett positive cash company in just 6 months, as a businessman, what can you do with the cash on hand? Can I use those cash on hand, throw price on the ASP, those new players can match? You still want to invest in those new players?
5) Vaccine - do you know what's the vaccine for? Have you consider the process a vaccine development need to undergo? Have you consider what's the percentage of the infected population vs the healthy population?

To invest successfully in a business, you need to think like a businessman. That's the reason why WB keep stressing about circle of competent. If you don't want to study and do research, you will never know what those businesses are doing, how can you invest?

fishing can calm one down. too bad i feel damn boring when fishing. dunno how to enjoy it. hahaha

An uptrend increased profit making company will never burst bubble one la, moreover this “bubble” is not goreng bubble. Quite fair value lo with some discount. Will come back one. I’m not worry. Hahaha.

This post has been edited by skty: Sep 9 2020, 07:38 PM

so damn sweet now looking at the price.

luring me to take out another war chest to buy.

when a company has lots of cash in hand, they can also go for share buy back.

just like what US companies like to do, but they do it with borrowed money (at 0% interest).

problem is do you know where to cut loss and where to queue purchase back?

now it's not the time to cut loss already because all traders until mid term investors already sold.

so now you still want to based on FA or TA?

if you based on FA, you should hold tight tight, ya?

if you based on TA, you should already sold at EMA20 and always queuing on the breakout, ya?

US dollar is world reserved currency.

Car “A” is moving backward at speed 20 km/hr. Car “B” is moving backward at speed 30 km/hr. It may look like car “A” is moving forward.

if you can catch the meaning, you untung.

if no, just ignore this bullshit.

since its so near to the QR date already, just want to disclose my estimated earning for TG is 1.1bil minimum to 1.4bil maximum.

spmx is gonna be really crazy next QR.

same same.

early year end sales. Doubt will have another cheap sales like this in gloves before the ASP normalize.

what is your plan? I plan to take out two war chest and wait for buy signal.

all earned from share market. it's ok to give back if bad luck.

ok bro. Thanks for the advise.

I say it's cheap because I know the value and I compare it with the price.

once human is in fear, they cannot think logically.

really? I at Setia Alam. Beside your HQ. hahahaha. Lets go lim teh chit chat. Next time my company cycle returns, we share share info.

can break through the 1.4bil? if can then HUAT lo.

2021 Q1 quarter PAT should challenge Maybank annual PAT. use 1 quarter PAT to beat Maybank's 1 year PAT. push that tiger down to 2nd place.

ok. I try to control my greed as well.

but look at all those fear around, I feel so stupid not to take advantage.

actually what they do is contracting the purpose of bonus issue. Anyway, it's the company management decision. As long as don't borrow money to do that, then OK.

that's why those who like to goreng new glove player, I really laughed. Those establish just throw money on them, they die already.

This post has been edited by skty: Sep 10 2020, 07:40 PM