QUOTE(andrekua2 @ Jan 4 2021, 12:07 PM)
Until losses is realized is only paper loss and many hope price will rebound.believe tansri will soon use treasury shares or make announcement to shore up price.
STOCK MARKET DISCUSSION V150
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Jan 4 2021, 12:27 PM
Show posts by this member only | IPv6 | Post
#42501
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All Stars
21,456 posts Joined: Jul 2012 |
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Jan 4 2021, 12:28 PM
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Junior Member
897 posts Joined: May 2019 |
RSS
Every short needs to cover back one, ie one sell with one buy. So net effect is zero. So to blame the down trend entirely on RSS is somehow exaggerated. |
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Jan 4 2021, 12:33 PM
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak |
i dont see rakuten has short selling option. bank brokers got?
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Jan 4 2021, 12:34 PM
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Junior Member
110 posts Joined: Nov 2007 |
Adding in this morning's buying, I have now bought in around 80k of harta.
Choppy waters ahead |
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Jan 4 2021, 12:38 PM
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Junior Member
552 posts Joined: Aug 2010 |
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Jan 4 2021, 12:38 PM
Show posts by this member only | IPv6 | Post
#42506
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Senior Member
4,998 posts Joined: Dec 2010 |
Sharks dont care if you need to wear gloves for vaccination.
Their motive is to paralyse margin call punters ASAP. |
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Jan 4 2021, 12:51 PM
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4,821 posts Joined: Mar 2009 |
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Jan 4 2021, 12:53 PM
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All Stars
15,856 posts Joined: Nov 2007 From: Zion |
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Jan 4 2021, 12:59 PM
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All Stars
15,942 posts Joined: Jun 2008 |
QUOTE(Boon3 @ Jan 2 2021, 10:06 AM) Update for week ending 31 Dec 2020 Top Glove is now 5.46.No new buybacks. Total number of shares bought back from 9th Sep to 31st Dec = 176,377,000 Sum paid for these shares = RM1,270,692,753.99 Average price for these shares = 7.20498 Closing price for 31st Dec is 6.12 Based on 31st Dec closing price, market value of these shares is RM1,079,427,240.00 Current marked to market price losses = RM191,365,513.99 These share buybacks is now worth RM307.7 million less than what the company paid for. Tropicana investment into Top Glove is now sitting on a paper losses RM20.332 Million! The boss, himself? He splashed 69.7million buying new Top Glove shares. He is now sitting on RM11.4million in losses. So when MSWG said the boss is putting his money where his mouth is.... it doesn't mean the Boss is correct and it doesn't mean Mrs. Market will agree with the boss. Would one say that this is yet another case where one should not simply follow the boss. It's not a risk free idea to play shares simply following the boss. p/s ... can someone just tell the boss to STOP playing the share market? This post has been edited by Boon3: Jan 4 2021, 01:00 PM |
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Jan 4 2021, 01:03 PM
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Senior Member
2,940 posts Joined: Jan 2010 |
QUOTE(Boon3 @ Jan 4 2021, 12:59 PM) Top Glove is now 5.46. Bonfire in the carpark. Looks like TG case study parallels IBM.These share buybacks is now worth RM307.7 million less than what the company paid for. Tropicana investment into Top Glove is now sitting on a paper losses RM20.332 Million! The boss, himself? He splashed 69.7million buying new Top Glove shares. He is now sitting on RM11.4million in losses. So when MSWG said the boss is putting his money where his mouth is.... it doesn't mean the Boss is correct and it doesn't mean Mrs. Market will agree with the boss. Would one say that this is yet another case where one should not simply follow the boss. It's not a risk free idea to play shares simply following the boss. p/s ... can someone just tell the boss to STOP playing the share market? The boss can always signup for a free lowyat account and exchange ideas with us here. |
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Jan 4 2021, 01:07 PM
Show posts by this member only | IPv6 | Post
#42511
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All Stars
21,456 posts Joined: Jul 2012 |
QUOTE(New Klang @ Jan 4 2021, 12:38 PM) Sharks dont care if you need to wear gloves for vaccination. If sharks is referring to syndicate, most should have left the market except those too greedy or inexperienced.Their motive is to paralyse margin call punters ASAP. This post has been edited by icemanfx: Jan 4 2021, 01:11 PM |
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Jan 4 2021, 01:10 PM
Show posts by this member only | IPv6 | Post
#42512
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All Stars
21,456 posts Joined: Jul 2012 |
QUOTE(Boon3 @ Jan 4 2021, 12:59 PM) Top Glove is now 5.46. plc controlling shareholders is in the market by default.These share buybacks is now worth RM307.7 million less than what the company paid for. Tropicana investment into Top Glove is now sitting on a paper losses RM20.332 Million! The boss, himself? He splashed 69.7million buying new Top Glove shares. He is now sitting on RM11.4million in losses. So when MSWG said the boss is putting his money where his mouth is.... it doesn't mean the Boss is correct and it doesn't mean Mrs. Market will agree with the boss. Would one say that this is yet another case where one should not simply follow the boss. It's not a risk free idea to play shares simply following the boss. p/s ... can someone just tell the boss to STOP playing the share market? there is a difference between company and personal interest and they often in conflict e.g sbb. couldn't blame him to support price above 6.0. we all know what happen after price dropped below 6.0 this morning. This post has been edited by icemanfx: Jan 4 2021, 01:12 PM |
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Jan 4 2021, 01:13 PM
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Senior Member
2,282 posts Joined: Sep 2019 |
QUOTE(Boon3 @ Jan 4 2021, 12:59 PM) Top Glove is now 5.46. Expecting it to erode to RM3ish before 2023These share buybacks is now worth RM307.7 million less than what the company paid for. Tropicana investment into Top Glove is now sitting on a paper losses RM20.332 Million! The boss, himself? He splashed 69.7million buying new Top Glove shares. He is now sitting on RM11.4million in losses. So when MSWG said the boss is putting his money where his mouth is.... it doesn't mean the Boss is correct and it doesn't mean Mrs. Market will agree with the boss. Would one say that this is yet another case where one should not simply follow the boss. It's not a risk free idea to play shares simply following the boss. p/s ... can someone just tell the boss to STOP playing the share market? QUOTE(icemanfx @ Jan 4 2021, 01:07 PM) True, the smart money index already showed no buying interestThis post has been edited by HereToLearn: Jan 4 2021, 01:14 PM Angelpoli liked this post
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Jan 4 2021, 01:13 PM
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Junior Member
252 posts Joined: Aug 2018 |
QUOTE(westernkl @ Jan 4 2021, 12:38 PM) I think he means that majority don't know when to sell and buy back at the right time, they either sell at the end of the downtrend when the stock is going to rebound and then panic buy when they see it go up again. |
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Jan 4 2021, 01:14 PM
Show posts by this member only | IPv6 | Post
#42515
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All Stars
21,456 posts Joined: Jul 2012 |
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Jan 4 2021, 01:17 PM
Show posts by this member only | IPv6 | Post
#42516
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Senior Member
4,998 posts Joined: Dec 2010 |
QUOTE(icemanfx @ Jan 4 2021, 01:07 PM) If sharks is referring to syndicate, most should have left the market except those too greedy or inexperienced. QUOTE(HereToLearn @ Jan 4 2021, 01:13 PM) Expecting it to erode to RM3ish before 2023 True, the smart money index already showed no buying interest QUOTE(icemanfx @ Jan 4 2021, 01:14 PM) How Bursa works? |
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Jan 4 2021, 01:20 PM
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#42517
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All Stars
21,456 posts Joined: Jul 2012 |
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Jan 4 2021, 01:21 PM
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Senior Member
2,282 posts Joined: Sep 2019 |
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Jan 4 2021, 01:26 PM
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3,639 posts Joined: Jul 2014 |
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Jan 4 2021, 01:28 PM
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All Stars
15,942 posts Joined: Jun 2008 |
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