shortie borrows shares to sell, i.e. short.

if the price doesn't come down but keep going up, they lose their pants.

so, can decide to give up, buy back and return to lender, take losses - closed.

but the surge today... i dunno if it is that or just some other bug buyers buying or a mix.

will know tmr when full data is out on bursa.

some already know by now - they have online data.

I think the trigger now is MCO not the vaccine, see the 180o sentiment shift from recovery

PRESTAR, ASTINO

draw out of the wall?

When we buy stocks, we have to sell to cut/take profit.
When 'shorters' sell stock, they have to cover their position (buy to cut/take profit).

Stock price increase when buyer > seller.
When 'shorters' are forced to buy to cut loss, they become buyers.

Hence, the concept of shorting will actually drive a price further, either up or down, with great volume.

This post has been edited by GarageSalesUser: Jan 8 2021, 03:15 PM

The amount of shares is really mind boggling for TG.

CHART.

Indeed

If topglove keep at current price level no change by 2025 maybe is a pe60-80 company.

For a glove producing industrial stock, this is rubbish valuations

Good one.

Cut loss HengYuan and Pohuat.

Re-entered Kossan and Harta. Entered Comfort.

Lai, lai, glove stocks.

In my portfolio now:

Supermax +16.51%.
Top Glove +12.38%.
Carlsberg -2.17%.
Heim -3.96%.

Guys, want to ask if oil price is going up what company/counter will benefit? I know there are high, middle and bottom layer for oil company. High is those korek oil one?

those sign contracts for oil priced ordered and have storage. Upstream will not gain until 70USD/bbl.

And dont forget the O&M position, the wreck from negative oil price. etc.

upstream middlestream downstream

hibiscus , valesto,sapura,dayang.... petronm,hengyuan.....

but downstream i think see crackspread ? not oil price right ?

MCO sentiment starts to spread.

All looking doom and gloom except glove.

Yup, that's the danger of current or trailing twelve months eps.

Like, I said, next quarter for TG is already Q2 2021.

Can any research houses give any new TP on TG based on 2021 numbers? They cannot.

And this is why CIMB and TA Securities had already switched their TP using 2022 numbers already.


anyway ...... strategy talk .....


now if one is playing the market based on these Toilet Paper prices... right now .... to be ahead of the game .... what should they do?

a) should they still use trailing earnings knowing very well that the 2022 earnings is gonna be so much lower?

b) or should they be one step ahead ... and quickly asses the situation using 2022 numbers?



This post has been edited by Boon3: Jan 8 2021, 03:29 PM

good to see such great spirit!

dem... i sold kossan, bought back!!

so mco makes everything holland but gloves green...haha

you guys discussed until every gloves share moved except this heavy one

TG 6.15 BBBBUUUUU