what drop?

TG 24.40->25.32.

err... superman is getting ugly...

superman is cruel....

superman... looks like anther round of flushing.... flush out the uncommitted, scared.
...


i was fishing at 18... it went to 17!

now, 18.20.

18.00->17.00->18.48.

man... that is hard to work with... things can go wrong easily.

if u plan to do this for some time, u gotta move to a better platform.

seriously.

that... was a test... how steady r u!!

i dun like it.

ya, i almost forget that... bonus.

one conspiracy theory...

those greedy local funds driving out the margin, contra, weak... great chance today.

so that they can gobble up and keep for bonus shares.

by 3q, the price too high la...

so, today, they push it down hard and grab!

seriously, i think today's events may have a good side - the RSI now looks better, not overbought anymore.

and i see a strong hammer formed, to be confirmed tmr morning.

tmr, i hope to see spmx testing 20.

yep, we shall see today if KYY has much influence.

overnight, this article on supermax came out:


Top glove is traded in a special USA vehicle.
not sure how it works but it is supposedly 4:1, overnight it rose 17%.
$24.64/4*4.25 = rm26.18.
perhaps that is where TG is heading today?
https://www.bloomberg.com/quote/TGLVY:US

think it will go green later.

to prove kyy was just talking.

just have to watch big bro TG.

when this one falls, the rest quickly follow.

nice to see harta back to 18.


at SGX, topglove is now unchanged.

here... yet to see if it can fully recoup earlier losses.

gloves... afternoon session, i counted 3 rounds of flushing... until spmx 17.20, tg 24.28.

by 3.43pm, flushing ceased... recovery started.

not too bad, much of losses recovered.

superman, as always, is the nasty boy... do be v careful with this fella.

let's hope to see big rebound tmr.

or a big crash as some others might be hoping.

this, i fully agree.
there is some un-understood thing about a viral vaccine... what it takes and how long to test, manufacture, distribute and administer.
then again, it is complicated... most people prefer to see it like panadol for headache.
still, ask this question - do u not need gloves, masks and the like to vaccinate 8 billion people on the planet?!!

hence the saying "the brave will be rewarded". congrats!

17.20->17.88 is magic or not?!

spmx has been on extra high vol for many days.
it is the glove darling for this reason - big volume, high volatility, loved by traders, fast punters - retailers and big funds alike.
so, it is reasonable to assume this yo-yo 19->17->18 will keep repeating... until the vol subside - something we must look out for.
the real question for now is whether 18->19->20 or 18->17->16 is more likely.
i did not buy any spmx today alto i watched it go to 17.20 becos i already have enough around 17.50 from the last flushing.
tmr, i think all of them will rise... after several bouts of rinsing and flushing.

This post has been edited by AVFAN: Jul 21 2020, 06:17 PM

demand expected to rise 10.6% cagr until 2027 at least.

summary of most recent TP's as of 21/7:

this one is the real king, beats all malaysian glove makers:

nasdaq.

gloves volume has shrunk dramatically.

won't see much action today.