not gonna touch the small players anymore, only focus on the big one

those with supermx still steady anot

imagine if u managed to enter at 12.5 for supermx just now

Damn cimb itrade happened again. Luckily still managed to bot some before it hang until market closed.

Yeap. And ppl say it's the most "useless" of the top 4 lol. Today it showed that Kossan is the most stable.

At max, TG and Harta lost 2+, while Supermax 3+. Kossan only lost 10 cents, before going straight back up.

Im kinda frustrated that I missed that dip this afternoon, but still okay la cuz I entered when it was rm9.7x. Still making profits, it’s just that earn a little less. Will probably sell all or majority of supermx by friday and might try to study a bit about comfort to see if i can move a part of my capital into it. Don’t really feel comfortable buying TG and harta at the current price despite of the tp and market sentiment.

Investment analysts were baffled by the share price trend.
Some experts suspected that algorithmic trading activities could be at play. Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions that account for variables such as time, price, and volume.
Malacca Securities Sdn Bhd head of research Loui Low did not rule out the possibility that algorithmic trading activities could be involved.
Another possibility, he believed, could be that the glove counters had triggered the stop limit for various investors and brokers.
...
Supermax experienced the steepest drop with a 25.2% plunge to a low of RM12.52. It closed at RM15.90.
Similarly, Top Glove sank 15.4% to its intraday low of RM20.50, but bounced back to close at RM23.16. Hartalega sank 15.02% to a low of RM15.28, but later pared most of its losses to finish at RM17; Kossan Rubber Industries Bhd slid 14.2% to RM12, before closing at RM13.50.
Comfort Gloves Bhd's share price also tumbled 19.2% to RM3.33, before settling at RM3.84. Careplus Group Bhd fell 21.7% to RM1.48, then rebounded to close at RM1.76, while Rubberex Corp (M) Bhd dropped nearly 18% to RM3.22, to eventually settle at RM3.65.
https://ceomorningbrief.theedgemalaysia.com...8/Home/2/521625

I tot 15% drop is max?

Part of the reason DJIA is green is because the news of vaccine from Moderna. Will glove go up or down?

Will Malaysia release GDP like Singapore?

Top Glove subsidiaries' disposable gloves detained by US Customs
CORPORATE NEWS
Thursday, 16 Jul 2020

1:13 PM MYT

KUALA LUMPUR: Disposable gloves manufactured by two Top Glove Corp Bhd’s subsidiaries have been served a detention order by the US Customs and Border Patrol (CBP).

On Wednesday, the CBP listed Top Glove’s subsidiaries Top Glove Sdn Bhd and TG Medical Sdn Bhd on its website due to allegations of forced labour.

According to a source, Top Glove was unaware of the matter, as it has not received any official announcement.

The group is currently in the midst of investigating with its marketing team and the affected products under the disposable gloves category.

Note that the North America region, comprising Canada and US, makes up 24% of Top Gloves sales in the first nine months of financial year 2020.

The other Malaysian glove maker on CBP’s detention order list is WRP Asia Pacific, whose detention order has been revoked March 24,2020.

As of mid-day, Top Glove share price has declined 56 sen or 2.57% to RM21.24.

https://www.thestar.com.my/business/busines...d-by-us-customs

TG will need to be very quick to circumvent this matter. WRP detention order was revoked after only 6 months. Any delay will be bad to TG.

That said.... is it good news for Harta? We shall see in the afternoon session.

Actually, it's a good thing also, because now TG and other glove prices will fall sharply, and then can pick at lower prices. Technically, I won't lose much since the losses will be "equalised" when I bought lower.

US Customs issues detention order on imports of Top Glove goods
https://www.freemalaysiatoday.com/category/...op-glove-goods/

Looking at the fall this morning, it was slow and steadily, before more ppl knew. Once it was about to hit equal, decide to cut loss immediately.

Now as even more ppl would have known about the issue, will fall down quite sharply. I can see getting some at 20.....