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 STOCK MARKET DISCUSSION V150

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RoxyMunky
post Aug 11 2020, 06:01 PM

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QUOTE(HereToLearn @ Aug 11 2020, 05:57 PM)
yeah -40%, still havent cut loss. Fcking legend. Where did he find the confidence that it will rise back up 40%
*
already soaked. bangwall.gif

now looking to have around ~15-20% loss in the coming days.

not urgent to dispose too.
RoxyMunky
post Aug 11 2020, 07:13 PM

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Good learning from all sifus here.

Thanks guys.

Have a nice evening ahead.
RoxyMunky
post Aug 11 2020, 07:29 PM

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QUOTE(ComingBackSoon @ Aug 11 2020, 07:18 PM)
Share with you my story.

"-25% just way too much to cut loss"
"-50% just way too much to cut loss"
"-75% just way too much to cut loss"
"just hold it further and see how the market moves"

And I'm still holding -97% now.  rclxm9.gif

Tuition fee fully paid. Lesson learned - there is no such thing as "too much to cut loss" when the counter is long term bearish.
*
Yea man, silly me.


QUOTE(SGSuser @ Aug 11 2020, 07:19 PM)
which counter  blink.gif
*
Muiprop
RoxyMunky
post Aug 11 2020, 07:37 PM

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QUOTE(waghyu @ Aug 11 2020, 07:33 PM)
Muiprop? Which price you enter?
*
0.470 dayum...
RoxyMunky
post Aug 12 2020, 10:12 AM

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QUOTE(SGSuser @ Aug 12 2020, 10:03 AM)
cry.gif  cry.gif  cry.gif

dont even dare enter now eventho gt some bullets
*
do you still keep your MUI? sweat.gif
RoxyMunky
post Aug 12 2020, 01:32 PM

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QUOTE(!@#$%^ @ Aug 12 2020, 01:29 PM)
good news?
*
in the sense of gloves/PPE demands would increase.
RoxyMunky
post Aug 12 2020, 03:13 PM

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QUOTE(ChAOoz @ Aug 12 2020, 03:11 PM)
Sort by gainers vs losers and you will see things has change.

Come come climb on board the new train you all. The bursa index is leaving the red platform soon.
*
any particular shares that you're referring to?

RoxyMunky
post Aug 12 2020, 03:18 PM

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QUOTE(ChAOoz @ Aug 12 2020, 03:15 PM)
Something around this line.
*
ah, you're referring to the long run of economy recovery.

i see.

QUOTE(ZeroSOFInfinity @ Aug 12 2020, 03:16 PM)
I believe he is referring to the blue chips, especially the financial sector.
*
applicable in above sense too

RoxyMunky
post Aug 12 2020, 03:48 PM

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QUOTE(ZeroSOFInfinity @ Aug 12 2020, 03:46 PM)
Not exactly. Every counter got "shakeup" this morning. Now the IBs and sharks are pumping into blue chips and gold counters, as they are much cheaper than gloves. The correction should last for a while (probably until Friday). Then when its low enough..... pump up again.
*
in this case, we should sell off gold counters by this Friday before the purchase shift again?
RoxyMunky
post Aug 12 2020, 03:58 PM

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QUOTE(ZeroSOFInfinity @ Aug 12 2020, 03:51 PM)
Look at this way. The Big 4 gloves were priced above 20+ previously. It's too "expensive" for ppl to buy already. As such, IBs and sharks make their withdrawals from them to lower the price as much as possible, while getting other cheaper counters like gold. That's what they are doing now.

Once its low enough, they will just await the share splits.... when that happen, the price is low enough to enter again, and it will move up.....
*
i see, thanks for the kind explanation, really appreciate it.
RoxyMunky
post Aug 14 2020, 10:14 AM

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so, anyone getting more of Supermax due to the low price now?
RoxyMunky
post Aug 14 2020, 11:43 AM

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QUOTE(theberry @ Aug 14 2020, 11:41 AM)
U still hold tight tight your ah mui meh XD?
*
still holding with bloods on my hands

RoxyMunky
post Aug 14 2020, 11:49 AM

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QUOTE(ComingBackSoon @ Aug 14 2020, 11:47 AM)
Hahahaha to quote my crypto comrades.

DR;NS.

Didn't read, never selling
*
puke.gif puke.gif puke.gif
RoxyMunky
post Aug 14 2020, 11:55 AM

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QUOTE(theberry @ Aug 14 2020, 11:50 AM)
Less than 1k tuition fee?
*
around there.
RoxyMunky
post Aug 14 2020, 12:01 PM

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KUALA LUMPUR (Aug 14) : The High Court here today fixed Sept 29 to hear the appeal of former Supermax Corp Bhd group managing director Datuk Seri Stanley Thai Kim Sim and former remisier Tiong Kiong Choon who had each been sentenced to five years' jail and fined for insider trading in relation to APL Industries Bhd (APLI).

Supermax is a rubber glove manufacturer. Thai is also a former managing director of APLI.



the reason supermax plummet?
RoxyMunky
post Aug 14 2020, 12:02 PM

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Glove counters slump, dominate losers list on Bursa
TheEdge Fri, Aug 14, 2020 11:27am - 34 minutes ago


KUALA LUMPUR (Aug 14): Selling pressure persisted on glove stocks when their share prices slumped in mid-morning trade today as concerns over downside risks took the centre stage following news that Russia had granted approval for a Covid-19 vaccine to start production soon.

Glove counters dominated the top losers list as more investors were on a profit-taking spree after a meteoric rise in the counters' share prices over the past few months.

As at 11.15am, Top Glove Corp Bhd had slid 3.68% or 92 sen to RM24.08, while its FBM KLCI component peer Hartalega Holdings Bhd dropped 42 sen or 2.54% to RM16.14.

Supermax Corp Bhd tumbled 6.67% or RM1.30 to RM18.18, while Kossan Rubber Industries Bhd fell 2.78% or 42 sen to RM14.68.

Among the smaller players, Rubberex Corp (M) Bhd plunged 9% or 45 sen to RM4.55, Careplus Group Bhd slid 10.2% or 36 sen to RM3.17, and Comfort Gloves Bhd slipped 7.14% or 30 sen to RM3.90.

Meanwhile, Supermax structured warrants SUPERMX-C80 declined 4.84% or 60 sen to RM11.80, followed by SUPERMX-C87, down 2.79% or 20 sen to RM6.89, and SUPERMX C-89, which was 2.97% or 17 sen lower at RM5.55.


ouch~~
RoxyMunky
post Aug 14 2020, 12:16 PM

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so below FC from
https://tradingeconomics.com/forecast/commodity

so, no more hope for gold? cry.gif

user posted image
RoxyMunky
post Aug 14 2020, 12:22 PM

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QUOTE(kembayang @ Aug 14 2020, 12:19 PM)
A mere 1% move on GOLD, will reflect 8-10x % on the stocks.
From my observation so far.
*
wow... nice insight sharing.

means still got hope for GOLD

thanks man.
RoxyMunky
post Aug 14 2020, 12:24 PM

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any advise on YTLREIT?

now at all time low... grab some for parking and just enjoy the DY?
RoxyMunky
post Aug 14 2020, 12:52 PM

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QUOTE(Boon3 @ Aug 14 2020, 12:49 PM)
keep this bookmark ....

https://goldprice.org/live-gold-price.html

ps... the least you can do is explore that website
*
thanks for sharing


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