For an easy read, I still like One Up On Wall Street by Peter Lynch.

Good morning folks. This thread is quiet this morning which means that some of the forumers here are losing money and cutting their losses.

The glove stocks are continuing their downtrend, the support line has been broken. Will it rebound? Only God knows.

This could end up as a massacre like The Battle of The Alamo. However, I am hoping that it will end up like the Battle of the Little Bighorn, with us being the American Indians.

Relax guys, this too shall pass. In the meantime, let's eat our pop corn and see if there is any opportunity for day trading.

The only regret I have is to re-enter the big 4 Glove Stocks too early last week.

Now, I am out of ammo. Looks like I have to bunker down to outlast the storm and also consider moving another war chest in.

Decisions...decisions...

Possible. Maybe I should have entered in stages. But what is done is done.


Oh thank you. I am no spring chicken...I have been around the block a few times.

Anyway, nobody pointed a gun to my head and said "buy this stock and buy that stock". So, when things go south, we should not blame the earth and the sky.

I don't know. Maybe wait for the price drop to stabilise first? I still have faith in the glove stocks, especially the Big 4.

I am no expert. Some checklist which may help us to make an informed decision...

(1) Are the glove stocks making tons of money?
(2) Is the valuation for certain glove stocks still attractive?
(3) Is Covid-19 now still raging across the world?
(4) Is the vaccine for Covid-19 available now for free for all the citizens of the world?
(5) Can I afford to buy the glove stocks now and hold it without panicking?
(6) Can I change my mind set from “The sky is falling, the price of stocks are crashing” to “The glove stocks are now selling at a discount of 20%. Mega sales is here”.

My 2 kupang as usual…

Welcome to the crocodile pond, bro!

For beginners, I would strongly recommend the following books:

(1) One Up On Wall Street by Peter Lynch
(2) How to Make Money From Your Stock Investment Even in a Falling Market by Ho Kok Mun (2nd edition – published in 2019 or 2020)

Happy reading!

Time to separate the men from the boys again...

All the contra players and weak players are being flushed out. Then the glove stocks will stage a spectacular rebound.

Please don’t mark my words. I am just blowing water. 😀

Good morning folks. In about 8 days of trading, the blood bath in glove stocks are as follows:

4 Heavenly Kings

1. Top Glove -22.24%
2. Supermax -33.42%
3. Kossan -32.25%
4. Harta -26.48%

2nd Liners

1. Adventa -73.67%
2. Careplus - 51.21%
3. Ruberex -43.53%
4. Comfort -58.95%

From my previous posts, you know where I stand on this. This morning, the rubber glove stocks is going up. Is it a dead cat bounce or a true recovery?

P/S: Look at the losses for Adventa and Comfort. It is truly eye watering. You need a 100% gain to recover back a 50% loss. Is it possible?

This post has been edited by Vanguard 2015: Aug 18 2020, 10:05 AM

I re-entered Ruberex, Adventa, Careplus and Comfort again this morning for trading.

We will know very soon whether I will make a killing or be killed.

Such is human nature.

When I want to sell you an Iphone 11 Pro Max at a discounted price of RM2000, you said it is too cheap and it must bad quality. You don't want to buy it. But when I offer you the same Iphone 11 one week later for RM10K, you said it must be good quality since it is so expensive. You rush to buy it.

In the same way, many traders and investors lose money. The only parties who make a profit is Bursa Malaysia and the brokerage firms.

If we cannot break this mind set and vicious cycle, it is difficult for us to make money.

Thank you comrades. To those who bunkered down with me for the past 1 week while we endured the missiles and bombs.

Reinforcements have finally arrived for the glove stocks...

I came back to office from a late lunch.

Logged into Rakuten. My eyes nearly popped out. All the 4 stocks which I bought this morning hit limit up or is almost there. Comfort, Careplus, Adventa and Ruberex.

I made a killing today. Sold off all Careplus and 1/2 of Comfort, Careplus and Ruberex to lock in the profits.

To see how Mr. Market behaves tomorrow.

This post has been edited by Vanguard 2015: Aug 18 2020, 03:28 PM

Thank you. This is just beginner's luck. Nothing to do with skill.

I think you went back in Supermax and Top Glove yesterday right? Your portfolio should be super green now.

Congrats as well.

Your money, your call bro.

You can sell 1/2 or let it the balance ride. If you have faith in Kossan, just continue to let the entire stock ride tomorrow. If you can't sleep well tonight, then just sell all now and lock in the profits.

I am still holding Supermax, TopGlove, Harta and Kossan in full. Not selling yet. It's time for my revenge after being bombarded by missiles and bombs for 1 week. Finally, I can come out from the bunker. Charge!!!

One forumer here highlighted a problem with the traders/investors in this forum including myself.

Our TA is weak.

I will be the first to admit. I have some basic understanding about FA but my TA sucks. This becomes a problem as to when to buy? The FA of the stock may say good value. But the TA says no. Thus we sometimes buy at the wrong entry price when the price is still falling and has not bottomed out yet. Will a good knowledge of TA help us in this sense?

Another problem that we face is when to sell the stock? Do we follow the TP set by the IB or do we follow our heart? Let's take me as an example. Now I am sitting on a healthy profit. So, when is the right time to sell if we don't have a good knowledge of TA?

Any views from the sifus here?

I stand corrected...

The bonus issue by Top Glove and Supermax only potentially enhance the marketability and trading liquidity of the stocks. It makes the stocks seem “cheaper” to attract more retail investors.

Therefore, wouldn’t a dividend payment be better? This is actual cash in hand received by shareholders?

Thanks for sharing. Some well known investors don’t look at TA at all while the traders will analyze the TA carefully before their move.

If we can combine both FA and TA knowledge, that would be great.

Thanks for sharing. So bonus issues and share split by itself does nothing and add no value to the shares. We are actually just hoping that the price of the shares will go up after the bonus issue.

So it is back to looking at fundamental and valuation.

Assuming Top Glove and Supermax rallies another 30% by end of August (hey, nothing to stop us from dreaming big, rite?) and reaches our TP, then we should just sell? No point waiting for the bonus issue in September.

There are no investors left here. All traders only. 😃

For value investors, usually we hold about 10 to 15 different stocks across different sectors and industries. The stocks can be divided into dividend stocks, growth stocks, cyclical stocks, etc.