But if next year, once short selling is permitted, does he have enough cash to defend? If everyone shorts, he confirm die

  Malaysia also got pirate hijack rubber gloves?  

Indicate some big players are trying to prevent price drop below 6.0 i.e triggering margin forced selling. the same big players will likely to push price higher at opening tomorrow.
When the market is frenzy, overpriced is common; it is not a surprise to drop from peak to a more realistic valuation.

Wow auntie is right, big players will not let it drop below 6.

The question is will big players use this rebound chance to cash out?

More likely to avoid margin forced selling.

We saw that at 4.30pm where there was a support queue of 60k lots formed at RM 6.
TG now seeing selling pressure after rebound.

Err, my guess right now might be the CBP news.
There doesn't seem to be any other leads apart from that.

Or maybe someone been buying so much shares they wanna take it private.
Glove shares going downward now.
TG retreated from the 6.23 at opening to 6.10.
SPMX also dropped to 6.14 now after the early rally.

Smells like something is coming.

short selling
I was expecting CBP news on January as it normally close in 6 months.

hopefully nothing special so the price can continue to drop.

That will depends on his relationship with other players. in the mean time, savvy traders can range play until defender's cash run out.

But if next year, once short selling is permitted, does he have enough cash to defend? If everyone shorts, he confirm die

That will depends on his relationship with other players. in the mean time, savvy traders can range play until defender's cash run out.

Nice!!

You know, the foreign workers issue, for Top Glove, this is not something new. Many years, I believe after Sars, the company was fined over 10 million ringgit for immigration offenses. And recently the virus hit its workers. And all the boss cares is buying shares of Top Glove.

That purchase transaction yesterday... very interesting. If material changing news, would the boss purchase of shares be deemed as insider trading?

Secondly ... again no buyback as suspected. TG does have that 2.6 billion invested in dunno what money market fund. Apparently, for whatever reason, it doesn't appear the boss wants to liquidate that position and buyback the company shares.....

doesn't look like it.

think it is just an hr halt to advise... LWC et al acquired some shares yesterday.

well, still a small needed break!

Anyway for big index fund like TG, bursa will do their best to ensure no panic and orderly trading.

So those hu ha about IB etc are fairy tale at best. Most institutional such as insurance fund, mutual fund, epf will still have them in our portfolio, so IB basically is on the same side with the retailer not against the retailer.

They try to reset the narrative for tg, but i dont think it will work. We shall see

Err, my guess right now might be the CBP news.
There doesn't seem to be any other leads apart from that.

Or maybe someone been buying so much shares they wanna take it private.
Glove shares going downward now.
TG retreated from the 6.23 at opening to 6.10.
SPMX also dropped to 6.14 now after the early rally.

Smells like something is coming.

Announcement was made to announce that the boss bought some shares?
Too big right now to take private ... it's still a 50 billion stock....  who got so much money?

Don't only single out TG la... I believe many were hiring illegals back then. Just that TG numbers are way higher only. Kasi chance la...

Announcement was made to announce that the boss bought some shares?
Too big right now to take private ... it's still a 50 billion stock....  who got so much money?

CWs expire tomorrow

Need to blame CWs if price fall

Just joking on the private ownership, a little reference to how much he has been buying.
Another rumour had it that the announcement is a self declared circuit breaker to see how the other glove counters were doing before market forces kicked in.

CWs expire tomorrow

Need to blame CWs if price fall

wah tguan...dont lao sai eh

Implying he was defending the 6.0 line. with over $1.2bn war chest, he could keep above 6.0 for sometime or redeem them.

Implying he was defending the 6.0 line. with over $1.2bn war chest, he could keep above 6.0 for sometime or redeem them.

Downtrending, dont fight ma, next support RM2, FA good entry price 1.7