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 STOCK MARKET DISCUSSION V150

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ZeroSOFInfinity
post Sep 3 2020, 03:30 PM

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QUOTE(james.6831 @ Sep 3 2020, 03:27 PM)
looks like your rumors true? fund managers selling already? lol
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Kinda confirmed now. Whether they buy back later is another question. I suspect they will......
ZeroSOFInfinity
post Sep 3 2020, 03:33 PM

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QUOTE(lytros @ Sep 3 2020, 03:31 PM)
I have a feeling Supermax will be cheaper than TG tomorrow.
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You need either Supes to drop a lot to 16, or TG to be around 9+ for that to happen. Currently... I see neither.
ZeroSOFInfinity
post Sep 3 2020, 03:35 PM

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QUOTE(AVFAN @ Sep 3 2020, 03:31 PM)
i just did 19.76.
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It might fall more, but.... hmm.gif
ZeroSOFInfinity
post Sep 3 2020, 03:38 PM

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QUOTE(juvaan @ Sep 3 2020, 03:34 PM)
what's with the market today?
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Foreign funds exiting + sharks and IBs selling + some "researchers" saying KLSE will end year around 1400 points.
ZeroSOFInfinity
post Sep 3 2020, 03:39 PM

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QUOTE(Vanguard 2015 @ Sep 3 2020, 03:37 PM)
Who dares to go into glove stocks now?

Only for the brave or foolish? Will the glove stocks continue to drop non-stop for the next 1 week and lead us all to Holland? Or will the glove stocks rebound handsomely next week and give us a handsome reward instead?

Nobody knows. Please do your own calculation of the valuation and fundamental.  bruce.gif
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The ONLY one fundamentally sound is TG at the moment.....
ZeroSOFInfinity
post Sep 3 2020, 03:41 PM

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QUOTE(ChAOoz @ Sep 3 2020, 03:40 PM)
For glove need to make sure tomorrow it rebound, else will have to deal with all those margin traders that buy for the split
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"IF" they rebound.
ZeroSOFInfinity
post Sep 3 2020, 03:54 PM

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Wanna see a magic trick? Wait for 4pm to start.
ZeroSOFInfinity
post Sep 3 2020, 04:02 PM

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QUOTE(HereToLearn @ Sep 3 2020, 03:58 PM)
This time wont be like June. CDC distributing vaccine by Nov 1, time is ticking
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So coincide with the US elections..... whistling.gif
ZeroSOFInfinity
post Sep 3 2020, 04:10 PM

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24 points drop till now for KLSE..... will it hit 30 soon?
ZeroSOFInfinity
post Sep 3 2020, 04:45 PM

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QUOTE(Krv23490 @ Sep 3 2020, 04:41 PM)
Was thinking of buying superman but might just hold off till tmr.. you can sell off the bonus shares for HL provided your call your broker..
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I was thinking the same. Buy now, but risk price falling lower (even with bonus shares), or get at lower at around same price tomorrow.....
ZeroSOFInfinity
post Sep 3 2020, 04:51 PM

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Well then, Super price tomorrow is.... 10.15.

Compared to TG, tomorrow opening bell will be quite..... interesting.
ZeroSOFInfinity
post Sep 3 2020, 04:53 PM

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QUOTE(AVFAN @ Sep 3 2020, 04:51 PM)
it did... to 19.68! sweat.gif

but ok... closing 20.00.... 20.30!

will get the split.
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My buying price was 20, so at 20.30 its not worth getting already. Lose thr bonus issue, but maybe will stick with the dividend later....
ZeroSOFInfinity
post Sep 3 2020, 05:08 PM

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QUOTE(HereToLearn @ Sep 3 2020, 04:59 PM)
Pre-pandemic topglov and harta are RM5 before bonus issue (RM1.67 for topglov consider bonus splitting).

Long term investors, who already made big buck can take profit and buy again later after ASP normalizes...

Especially harta... harta is already RM1 below the neckline...
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TG still can rise though. Not sure of Harta. Kossan and Supermax currently up in the air...
ZeroSOFInfinity
post Sep 3 2020, 05:46 PM

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QUOTE
KUALA LUMPUR: Bursa Malaysia closed lower on Thursday on heavy selling of glove stocks, especially Top Glove and Hartalega, which help drag the FBM KLCI down nearly 1.5%.

At 5pm, the KLCI was down 22.14 points or 1.44% to 1,515.40. Turnover was 9.41 billion shares valued at RM5.42bil. There were 315 gainers, 873 losers and 377 counters unchanged.

Dealers said some investors were selling their original Top Glove shares which went ex on Thursday while waiting for the bonus shares to be credited into their accounts on Monday.

Top Glove shares had adjusted from RM26.08 on Wednesday to RM8.70 sen, based on the two-for-one ratio. Hence, with the share price closing down 32 sen to RM8.37 on Thursday, theoretically the investors would have lost 96 sen.

Hartalega closed down lost RM1.50 to RM13.86 while Kossan was down RM1.12 to RM14.

Supermax, whose one-for-one bonus shares go ex on Friday, ended the day down RM20.33. Its share price will be adjusted to RM10.16.

On the selling of glove makers, dealers said investors were taking money off the table while there were also concerns about syndicates pushing up the stocks and dumping them later.

Other counters which closed lower were Nestle, down RM2 to RM139.80 and Carlsberg 90 sen to RM21.

HLFG was the top gainer, up 44 sen to RM13.78, Batu Kawan 32 sen to RM15.38, SJC 25 sen to 95 sen, Time Com 22 sen to RM11.74 and Tasco 14 sen to RM1.43.

Vitrox gained 32 sen to RM12.82.


Well then. Anyone holding Supermax now, good luck tomorrow if this happens.
ZeroSOFInfinity
post Sep 3 2020, 08:02 PM

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QUOTE(AVFAN @ Sep 3 2020, 07:18 PM)
scared of gloves, scared of banks... and scared of pharma too!

pharmaniaga -4.12%

duopharma -2.85%

so blardy scared... better return to FD lor! laugh.gif
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Just concentrate on TG and banks, good enough tongue.gif
ZeroSOFInfinity
post Sep 3 2020, 10:37 PM

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QUOTE(zstan @ Sep 3 2020, 10:16 PM)
US red red tonight
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So.... it would be green green tomorrow for KLSE?

Note we have gone the opposite way for the last few days.
ZeroSOFInfinity
post Sep 4 2020, 05:39 AM

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QUOTE(LA773 @ Sep 4 2020, 04:41 AM)
US BLOOD BATH TODAY, pray that klse can have less impact
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Tech stocks ain't gonna look good today......
ZeroSOFInfinity
post Sep 4 2020, 07:59 AM

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Why I got the feeling gloves gonna be green today?
ZeroSOFInfinity
post Sep 4 2020, 09:01 AM

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Immediate bloodbath at opening....
ZeroSOFInfinity
post Sep 4 2020, 09:04 AM

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Support level 1500 broken in 4 mins.

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