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 STOCK MARKET DISCUSSION V150

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ZeroSOFInfinity
post Sep 15 2020, 10:10 AM

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QUOTE(Vanguard 2015 @ Sep 15 2020, 10:09 AM)
Good morning folks.

Heavy profit taking place for the 2nd liner stocks like Adventa, Careplus, Comfort, etc. Please don't buy it now unless you want to be trapped again.

Profit taking also taking place for Supermax and Top Glove. Watch and see the show today.
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Do you think they will recover later? Seems quite heavy taking.
ZeroSOFInfinity
post Sep 15 2020, 10:20 AM

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QUOTE(Vanguard 2015 @ Sep 15 2020, 10:18 AM)
Your guess is as good as mine bro. Supermax has gone up +42.5% over the past 2 days. Top Glove has gone up +30.88% over the past 2 days. Therefore, some profit taking is expected although I did not expect it to happen until Thursday.

I don't think it is good idea to go into Supermax now. It is not selling at a discount just because it fell +8.22 % now.

My 2 cents view only. What do I know about the stock market? For all you know, Supermax may rebound later smile.gif
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I just made an order for Supes at 8.00. Currently it's holding well at 8.3. If I get it later, then good. Else, no lost to me.

Thursday would be a big rebound though looking at things....
ZeroSOFInfinity
post Sep 15 2020, 10:22 AM

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QUOTE(AVFAN @ Sep 15 2020, 10:20 AM)
dang.... back to 8.4x...

i was watching too.
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It seems the volume for the big 4 has dropped quite a lot compared to yesterday. Maybe it will pick up again later around 11+
ZeroSOFInfinity
post Sep 15 2020, 10:29 AM

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QUOTE(ComingBackSoon @ Sep 15 2020, 10:23 AM)
Recent history taught us that sharks time their dump right after QR is out, when retailers are in euphoria and buying frenzy...

I'm betting they will continue their modus operandi. I don't want to get in now.
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Let's see how it goes in the afternoon later. If prices recover to green, then we have to be extra careful on Thursday afternoon when results are out. But if still in red and falling, there is a possibility sharks will go for the kill on Friday morning instead.....
ZeroSOFInfinity
post Sep 15 2020, 10:30 AM

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QUOTE(enixcv123 @ Sep 15 2020, 10:27 AM)
Thursday first half maybe can reach there already tongue.gif
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Probably can even hit 10, due to the craze buying before results out.
ZeroSOFInfinity
post Sep 15 2020, 10:41 AM

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QUOTE(AVFAN @ Sep 15 2020, 10:30 AM)
it was the massive vol on fri and mon that drove the price up.

today, much less.

so, can expect small changes.... up or down.
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Got the gut feeling there will be a big surge of movement soon, looking at how the glove counters are going currently, and KLSE went green now. Let's see the show.
ZeroSOFInfinity
post Sep 15 2020, 11:00 AM

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QUOTE(Speedstar1 @ Sep 15 2020, 10:56 AM)
Will drop after QR, stay sideways for a while. Then boom fly again
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Might still go up on Thursday morning, and then just after results announcement. Then can sell.
ZeroSOFInfinity
post Sep 15 2020, 11:26 AM

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QUOTE(silverwave @ Sep 15 2020, 11:13 AM)
harta is really flying today
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Good omen for Thursday.
ZeroSOFInfinity
post Sep 15 2020, 11:58 AM

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Supermax and TG now abang adik lol... action will come in afternoon. console.gif brows.gif

This post has been edited by ZeroSOFInfinity: Sep 15 2020, 12:10 PM
ZeroSOFInfinity
post Sep 15 2020, 12:08 PM

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QUOTE(ComingBackSoon @ Sep 15 2020, 12:01 PM)
All talk about glove. Nobody looking at bank stocks? All green  shocking.gif
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Holding Maybank here.
ZeroSOFInfinity
post Sep 15 2020, 12:16 PM

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QUOTE(Bendan520 @ Sep 15 2020, 12:14 PM)
Action? Selling action?  tongue.gif
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Macam setting up for something..... suddenly both also same price...... can be up, can be down..... brows.gif
ZeroSOFInfinity
post Sep 15 2020, 12:20 PM

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QUOTE(enixcv123 @ Sep 15 2020, 12:18 PM)
strong feeling that this time might be different from Superman, instead of selling down might be going up for TG.

If wrong then koyak lol.
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We should know the answer by this Thursday afternoon.
ZeroSOFInfinity
post Sep 15 2020, 12:31 PM

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Supermax and TG same price at lunch break...... brows.gif
ZeroSOFInfinity
post Sep 15 2020, 12:41 PM

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QUOTE(MakNok @ Sep 15 2020, 12:38 PM)
Betol Abang Adik..
Still holding on this abang adik share.
Very Uneventful morning trading...
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Sit tight when resume later. Gonna be a good show brows.gif
ZeroSOFInfinity
post Sep 15 2020, 01:11 PM

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QUOTE(theberry @ Sep 15 2020, 12:46 PM)
Ur fund manager got leak something to you? brows.gif
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Cousin call me just after end of morning session. Ask whether can lend 15k since he can only transfer 15k to his trading account today. When inform can do after lunchtime, he told me cannot and needs it by 2pm.

Now I have seen him monitoring both TG and Supemax shares last week on his computer. So I am pretty sure he would have bought some during the fall. And he has a personal banker which helps him manage his money.

So why the urgency to borrow money? There are only 2 reasons I can think of right now.....

1) Either he sustained a lot of losses playing contra or margin account, and needs the money for repayment immediately, or....

2) He might have got wind from his personal banker that both Supermax and/or TG shares is going up this afternoon, and therefore needs the money to put in orders to buy them.

Which one is it, we will know by this afternoon. Maybe I could be mistaken could be for other shares too.... but we shall see....

This post has been edited by ZeroSOFInfinity: Sep 15 2020, 01:13 PM
ZeroSOFInfinity
post Sep 15 2020, 01:18 PM

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QUOTE(anakMY @ Sep 15 2020, 01:18 PM)
Will keep dropping ur banker will ask to cut loss again lol.
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Not my banker. His personal banker. I dont have one lol.
ZeroSOFInfinity
post Sep 15 2020, 01:40 PM

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QUOTE(ry8128 @ Sep 15 2020, 01:37 PM)
Ur syok sendiri story is quite interesting to read sometimes laugh.gif
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Thank you thank you for your compliments laugh.gif
ZeroSOFInfinity
post Sep 15 2020, 01:41 PM

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QUOTE(triple02 @ Sep 15 2020, 01:40 PM)
Bro..your stories are really interesting la laugh.gif
But I mean come on..
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At least you have a good read this afternoon while having lunch laugh.gif
ZeroSOFInfinity
post Sep 15 2020, 01:50 PM

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QUOTE(Lurker @ Sep 15 2020, 01:47 PM)
so did you hv tht small change to borrow?
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Yes.
ZeroSOFInfinity
post Sep 15 2020, 01:51 PM

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QUOTE(theberry @ Sep 15 2020, 01:48 PM)
I tot trading ACC don't accept third party funding
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I transfer to his another banking account. Then he transfer into his trading account.

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