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 STOCK MARKET DISCUSSION V150

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statikinetic
post Jan 4 2021, 09:36 AM

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Top Glove has bled 12% from the past half hour.
Tan Sri ran out of resources to prop up the share price?
zstan
post Jan 4 2021, 09:37 AM

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blue chips just mild drop. gloves are the ones with the haemorrhage.
HereToLearn
post Jan 4 2021, 09:37 AM

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QUOTE(HereToLearn @ Jan 4 2021, 09:34 AM)
1600 already, maybe we will go back to 1550 IF this momentum continues
*
If 2mr cannot hold above 1600, can continue short selling, can make money
Krv23490
post Jan 4 2021, 09:37 AM

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QUOTE(lauwenhan @ Jan 4 2021, 09:33 AM)
Omg my Supermx put warrant is making money I knew it no wonder Kenanga keeps setting high TPs so they don’t wanna pay for cash settlements. Let’s go
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don't la, alot glove believers here still.. hehehe,, happy new year bud
HereToLearn
post Jan 4 2021, 09:38 AM

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The FKLI futures thread is eerily silent today lol. I hope mike shorted the index
qsrt1616
post Jan 4 2021, 09:39 AM

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QUOTE(lauwenhan @ Jan 4 2021, 09:33 AM)
Omg my Supermx put warrant is making money I knew it no wonder Kenanga keeps setting high TPs so they don’t wanna pay for cash settlements. Let’s go
*
Kenanga used to be the worst performing warrant issuer in Malaysia. That’s why I decided to buy their Supermx puts
zstan
post Jan 4 2021, 09:40 AM

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QUOTE(HereToLearn @ Jan 4 2021, 09:37 AM)
If 2mr cannot hold above 1600, can continue short selling, can make money
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it's only top glove severely dragging down the index though. foresee banks bouncing back in the afternoon.
Syie9^_^
post Jan 4 2021, 09:40 AM

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DIVE DIVE DIVE!!
qsrt1616
post Jan 4 2021, 09:40 AM

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QUOTE(Krv23490 @ Jan 4 2021, 09:37 AM)
don't la, alot glove believers here still.. hehehe,, happy new year bud
*
Experienced OGs like you and me know gloves are due for a major crash sooner or later.
ChAOoz
post Jan 4 2021, 09:40 AM

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1.6k level breached. But so far ok still my portfolio, i think biggest loser is the the outperformer of 2020.
nauticat99
post Jan 4 2021, 09:41 AM

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QUOTE(zstan @ Jan 4 2021, 09:37 AM)
blue chips just mild drop. gloves are the ones with the haemorrhage.
*
Every dog will have its day. Once glove shorted enough, time to short recovery stocks!
HereToLearn
post Jan 4 2021, 09:41 AM

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QUOTE(zstan @ Jan 4 2021, 09:40 AM)
it's only top glove severely dragging down the index though. foresee banks bouncing back in the afternoon.
*
I personally think they will be indirectly dragged
qsrt1616
post Jan 4 2021, 09:42 AM

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Never buy Maybank or Macquarie warrants. I call them the double M. Chances are they fuck you with their gearing ratio and impossible premiums
cranx
post Jan 4 2021, 09:43 AM

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free fall for top glove, it is selling with volume.
qsrt1616
post Jan 4 2021, 09:43 AM

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Closed my positions on Supermx puts. 60% profit
HereToLearn
post Jan 4 2021, 09:43 AM

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QUOTE(ChAOoz @ Jan 4 2021, 09:40 AM)
1.6k level breached. But so far ok still my portfolio, i think biggest loser is the the outperformer of 2020.
*
Still holding up, I think it is best to close shors positions if anyone shorted index. If breach below 1590, only consider reopening shorts
Angelpoli
post Jan 4 2021, 09:44 AM

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What TP good to go in glove counter?
zstan
post Jan 4 2021, 09:45 AM

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QUOTE(ChAOoz @ Jan 4 2021, 09:40 AM)
1.6k level breached. But so far ok still my portfolio, i think biggest loser is the the outperformer of 2020.
*
yeah most just few cents drop.

QUOTE(HereToLearn @ Jan 4 2021, 09:41 AM)
I personally think they will be indirectly dragged
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HLBANK is up though haha. the rest should follow.
HereToLearn
post Jan 4 2021, 09:45 AM

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QUOTE(Angelpoli @ Jan 4 2021, 09:44 AM)
What TP good to go in glove counter?
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Topglove below 3.27 for FA entry (did not consider effect of mushrooming glove players, so you might want to enter much lower than that), TA entry I dont know, too risky to bet on a downtrending stock
Krv23490
post Jan 4 2021, 09:46 AM

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QUOTE(HereToLearn @ Jan 4 2021, 09:43 AM)
Still holding up, I think it is best to close shors positions if anyone shorted index. If breach below 1590, only consider reopening shorts
*
did you short yourself or asking people short ?

edit, if you did! huat ahh!!

This post has been edited by Krv23490: Jan 4 2021, 09:46 AM

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