All the 2nd liners glove stocks are for goreng only (maybe except for Comfort).

There is no safety margin for Careplus, etc. now especially after the limit up today.

Buy at your risk. You may win big or lose big. Musical chair game.

Noted with thanks bro. I feel the same way.

Good morning folks.

Some of you may be thinking of buying the 2nd liners glove stocks today.

Please tread with caution. The contra players and traders may take the opportunity to cash out by the end of today or by Friday morning.

I just sold off 1/2 of my remaining shares in Comfort, Ruberex and Adventa.

Happy trading!

I believe the next QR for Kossan is due next Monday, i.e. 24th August 2020. Let's see what happens then. If no show, then I may consider letting go of Harta and Kossan.

This is a good month for me, in particular these two days of trading with Careplus, Comfort, Ruberex and Adventa.

The chances of buying 4 stocks which hit limit up on the same day is like hitting blackjack 10 times in a row on the gambling table - a fluke which is unlikely be repeated.

I made a killing these 2 days, in the same way I did a few months ago.

Now I have to temper my greed and preserve the profit. Don't get carried away. The fight is not over.

The market will continue to be volatile and there will be a few other major corrections in the future.

I am not sure how many new investors here realise that it is actually abnormal for a stock to go up 10% or 20% or hit limit up in a day.

Those days, for value investors, when we buy a stock, we will hold it for months if not years. Our aim was to make about 12% per annum (excluding dividend payments). As long as we can beat the FD rate, the EPF rate or the ASM rate. Anything above 12% is a bonus.

Nowadays, we buy a stock at 9.00 a.m. By 3 p.m. on the same day, when the stock does not move up, we start cursing the stock. Why no movement one? Syndicates pressing down the price, is it?

I suppose this is the culture of instant gratification. If you can't fight them, join them. I will ride along with the wave following the megatrend.

Have a good holiday tomorrow everyone!

This post has been edited by Vanguard 2015: Aug 19 2020, 04:42 PM

We should cultivate an open mind in life including investment.

Whether we are in our 20’s, 30’s, 40’s or 50’s, there is always something new that we can learn in life.

Ego is the enemy. When we have a closed mind, we lose big time because we refuse to see an alternative view which could be better.

I like to read the comments or feedback of the forumers here and then do some critical thinking – does it make sense? Can I apply it to my investment or trading method? By doing that, I hope to improve myself and become a better investor.

Otherwise, we end up repeating the same mistake again and again. And end up losing money again and again.

Some lessons that I learned from stock trading…

1. We don’t have to trade every day. If there is no good stocks to trade, then just eat popcorn and watch from the side line.

2. If we are trading because of the adrenaline rush, then go ahead and trade every day. It is just the same as putting your money on the casino table. We just want the excitement.

3. If we are trading to make money or as a business, then we need to aim carefully – use the sniper approach. Is there any stocks out there where the potential upside is much higher than the potential downside risk? This involves the risk-reward ratio. For e.g. Stock A has a potential upside of 30% and a potential downside risk of -10%. Stock B has a potential upside of 10% and a potential downside risk of -10%. All things being equal, Stock A is a better bet.

4. If we play Blackjack, if the dealer shows an ace or a picture and you have a number 6, will you surrender or double down? Of course you will not double down. But if the dealer shows a number 6 and you hold an ace, then it is a no-brainer. You will double down. Can we use the same analogy for stock trading?

Entered Hextar for trading in stages.

Don’t worry about the potential vaccine. That will only come next year, if at all.

We should more worried about the windfall tax that the Malaysian govt may impose on the glove stocks in November or anytime after that. That is a clear and present danger ala Jack Ryan.

The coffer is drying up. The government needs money.

Petronas? It is a dying cash cow particularly with low oil prices. Genting and Genm? They are suffering losses. No tourists and gamblers.

AirAsia and tourism related industries? The borders are closed.

Sin tax like HEIM and Carlsberg. Their profit is down. Construction, developers, automotive and banking? No purchasers, no new loans. NPL as well.

Wait a minute. Top Glove, Supermax, etc are going to make billions annually!!! What are we waiting for? Let’s squeeze them dry.

Thanks for the link bro.

Good morning folks.

Broken arrow Vietnam style for the glove stocks today. Panic selling again?

I did the only thing I could which was to top up the Big 4.

Looking at the 2nd liner stocks. What will be a good entry price?

Bloodbath for 2nd liners glove stocks like Careplus, Adventa, Comfort and Ruberex starting. Ranging from -5% to -10%.

You either buy to average down or cut loss at -10%.

So what are you going to do?

Still negative around -8%. On dangerous grounds.

I won't go in now. The risk is too high for me. I would rather wait for it to bottom out first.

Maybe you can read the charts better.

This post has been edited by Vanguard 2015: Aug 25 2020, 11:40 AM

We living in exciting times.

Free fall for the glove stocks now. Adventa -13.44%. Comfort and Careplus -10% plus.

Adventa QR on 29th August 2020?
Ruberex OR on 27th August 2020?
Kossan QR on ....August 2020?

No worries. Just buy on the dip. If the 2nd liner stock companies fall another 15% to 20%, can consider dipping in provided they have bottomed out.

If they rebound tomorrow morning, it is still OK. No point being FOMO. I would rather make a 10% gain than a 20% loss. I need a margin of safety.

Don't worry, be happy. Timing is everything in life.

Those who entered Adventa this morning now die standing. It is now down -14.75%. If tomorrow it goes down another -15%, then how?

Re-entered Adventa, Comfort and Careplus just now.

Of course not. Otherwise, I would have re-mortgaged my house and sai lang everything into glove stocks.

But what have I got to lose? Maybe lose back all the profits that I made last week when the four 2nd liner stocks that I bought limit up? It's OK. I can accept that.