To deviate from the current glove theme, furniture stocks HQed in Muar also taking a hit. The Covid cases having an effect.

Unless we are like Taiwan or China where we can track the person's location using their mobile data location, home quarantine is unreliable. Already many known cases fail to comply like the Sivaganga cluster.

SUPERMX short sellers reverse their position?

Wonder how many retailers got burn from this glove mania. Still top volume everyday, so i guess market participant is still there.

Now without any big vaccine news or market moving news it is also sliding on a daily basis. Let's see which analyst hit the mark the closest when the dust finally settle and all the hype is gone and it is traded just like any other bursa counters

Dont average down already, you are catching the falling knife with the 'hope' for technical rebound.

Might as well you wait for the technical rebound and join to trade a day or two.

they say gloves down because of expiring warrants.

next 2 weeks will fly after warrants expired.

fly from which price? RM6? RM 5? RM 4?

I wonder after warrant expired and the price still go down will all those warrant blamers rush for the exit door or not, or if they come out with other factor to attribute the price drop.

Smart one already chao early early. Probably all the money they make from glove already safely tuck into Maybank. PBB, Nestle, or just holding cash waiting for crash

I wont be here if I know.

Me still holding still burning

This post has been edited by jinj: Dec 29 2020, 10:26 AM

Harry Teo can witness the ugly side of warrants.

Early volume could be forced selling of margin finance.

Too many unfortunately but they still hope price will rebound to previous peak and higher.

There is no increase in short position, instead many short position is reduced quite a lot lately.

So the short due to expiring warrant reason doesn't hold a lot of ground.

A lot of people are praying it isn't JP Morgan.

Any narrative which fits the view that a rebound is still on the cards.

If got sharp one day plunge like those -10% day maybe la will have a nice rebound.

But this kind of slow decline, meant that seller has already think over few days / week and only sell out.

This kind of drop are those that are scary and eats away your capital slowly.

Damn! Still the warrant expiry nonsense again.... Let me show post up something once more.

Aiseh man..don't frighten newbieslah.. I will give them a simple advice - if you buy this share, can you still sleep well at night? If you can still sleep well, means you treat it as an investment. Up or down doesn't affect you much cause you look into a longer horizon. But if after buying, you start to fret and worry, then better stay away. This kind of trading better leave it to the sifu.

Maybe lol, bursa is a place where anything can be gorenged. But fly high a bit harder for big market cap stocks.
But, I buy according to fundamentals and with technical for entry la. It is much safer this way.

My personal fair value for entry, if below I will consider. But, I am not expecting it to reach my entry price soon la, maybe about 1 more year.
Topglov: 3.27
Supermax: limited latest data

You might say it is way too low, but to me it is sensible because before pandemic
Topglov: 1.5 ish
Supermax: .7 ish

As of today, supermax is still up about 900% compared to prepandemic, topglov is about 400%

My desired entry price is even lower than JPmorgan

This post has been edited by HereToLearn: Dec 29 2020, 10:42 AM