WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!! WOW!!!

That's the best I've read on this matter!

Bravo!

The hidden dragon!

And you got it so spot on the Stop-Loss thingy. Having a Stop-Loss is certainly a must for traders but then if the trader is not 'ready', stop-loss is equally as deadly if one just simply buys/cut .....with the trader saying 'no worry, I try this stock, if wrong I cut, won't die one' but if this is repeated one time too many .... soon there will be nothing left to cut...................

Just sharing ... cos for me it wasn't hindsight

The game changer was the announcement of the 20% special dividend at midday.



That was positive news. The above graph was TG chart taken on live using a 15 min time frame. See how the stock POPPED UP after the announcement?

That 20% is a lot. Really. Much better than the nonsensical share buyback (judging on how reckless the buybacks was executed).
10 bil profit estimate (even TG used this)
2.3 bil was reported for Q1.
which means around 7.7 billion net profit for the rest of 2021.
70% of 7.7 bil equals to 5.39 bil to be returned as dividends.
Share baseroughly 8.2 bil.
So total dividends to be returned this year should be roughly 65 sen.
and based on 5.50, the potential DY is very sexy, yes?

Simple calculations to indicate that one could have considered buying the stock on 4th Jan afternoon based on simple reasoning.

Again... everything all simple. Eyes on the ball.

No need talk about Call Warrants or short selling.

Seriously no point.

even as a trader, it's not even worth talking about it. It's like trying to decipher who's who in the daily traded volume for a stock.
huh? huh? Huh?
exactly. Pointless. Totally garbage.


Anyway, as mentioned b4, if a stock is worth its weight in gold... the market will seek the stock la.

This post has been edited by Boon3: Jan 10 2021, 09:46 AM

Thanks for sharing the article with us bro.

In regards to the glove counters,

Quite a few of us here have pointed out very early that the supernatural profit is not sustainable, to which I completely agree.

Here comes the conundrum..how long will the pandemic last? No one knows for sure, I for one don't even bother with the forecasts.

But we do know for sure where we stand today, the pandemic seems to be getting more out of control that is, despite various curbing effort by the government.

Knowing the market is a composition of sentiments, it's rather difficult for them not to gain traction for reporting supernatural profits quarter after quarter, with super low PE while seeing other non-performing sectors (some would like to call it recovery stocks) underperform quarter after quarter..

If you see a 100$ bill on the floor and don’t pick it up thinking it must be too good to be true, then you just missed the 100$ bill..

*I don't mean to say we should focus only on glove stocks, because at the same time it opens up buying opportunity to other sectors at a lower valuation, personally I diversify my holdings to a few sectors that I think I know better*

For the above reason, I will capitalize on the pandemic and hold some glove stocks while they're undervalued now (and may become overvalued once the pandemic is over, I must emphasize this )

But hey..who says we must hold them forever?? eh..I thought as investors we should hold on forever?!

How about hold first and take profit once it hits our TP, then buy back at their fair multiple once the pandemic is over? (whatever the multiples may be at that time)

This post has been edited by MedElite23: Jan 10 2021, 09:53 AM

Bro it's easy talk logic in restropect, taking out emotions. The extremely negative sentiment on that day simply hinders a person with emotion to act rationally. Some of us who have a day job simply don't have the time to calculate the DY or any enticing factors for that matter..

All that we know was.. we opened our brokerage account and saw the glove stocks were in deep red..cut us some slack.

This post has been edited by MedElite23: Jan 10 2021, 09:50 AM

the usual falling knife scenario... at that time most people are thinking of selling lor, not buying!

yep, can't be sure the reversal will last, yet.

yep, with 2.34% or 191mil shares shorted, there may another 135mil coming next week, esp when retailers try to get out.

with rm1 bil already "wet", likely more will come before closure.

let's watch this closely next week!

Yes. Emotions. That's one huge, huge factor.

Those that know me earlier in the stock forums, would know that I don't go cheering my stock if it goes up. Yes, fortunately that's how I was taught. 'Control your bloody emotions. If you can't, the stock markets is not for you.' That's what drilled to me since day 1. Hence for me, focus is very important. Eyes on the ball. Even when in the market is in deep in the red, I do watch which stocks are holding on well or even trying to build on a trend. That's what helped me last April. I was looking but not really looking in the deep end. Instead I was looking at which stocks that are showing strength. (in more simple lingo... in a market of continuous red, instead of looking of seeking gold in the red, I was seeking out which of the green was the better choice. ya.. such strategy, not for everyone but just sharing... )

And yes, of course I understand your situation. Work comes first.

Anyway, what I am trying to say is the constant distractions caused by the constant noise on short selling etc etc, does no one any good at all. Because the eyes isn't on the ball anymore. And yes, on the 4th, many were simply too distracted by all the noise on the short sellers. Stock crashing down, short sellers this la, short sellers that la .... how could they have concentrated on that piece of gold news on midday?

by the way... try search more on trend lines. Very basic stuff. It might be useful for someone like you,

In simplicity ... if the main trend line is a line moving up .... the stock will continue to move up unless the stock price falls below the trend line... meaning a reversal of the direction of the stock.

How will it work for you? If you are busy at work... just leave the stock as it is. Cause you know Mr. Market is taking care of the stock for you.

Now if the stock trend line is moving down ... it literally means the stock will continue to move down .... unless the stock breakouts of the trend line... indicating a trend reversal.

How will it work for you? Well... no matter what our opinion of the stock, the stock will continue to move down as indicated by the trend line. Unless it changes direction. If you are holding ... why jump into a lift when you know it is going down? If you wanna buy? why don't you wait till the trend change?

Simple ideas... which I know you could improvise and perfect to suit yourself.

Let me show you in pictures... it's hindsight but ....it's very enlightening. (I hope)

The stock had that peak in mid Oct. (Oct 20). Of course we wouldn't know that that was the peak...

But after that... we saw the sell down the next day... ok... we cannot be sure... see below...



the next few days... the stock traded lower.... see lower...


ok ... maybe it's starting to decline for real... how about drawing the TREND LINE now... so we draw one....



now... this would have been decision time, yes?

Right there and then... one could have sold around 7.4 or so ..... (no need to ride the stock all the way below 6)


now if I extend that trend line... it would have looked like this below.....





Would it have helped?

I put money in Bitcoin and this is so fucking stupid. Keeps going up wtf

you just described past 3 trading days.

not a few but EVERYONE knows the supernormal profits cannot hold forever.

but isn't it possible that it goes ultranormal before "normalizing"?!

that has been, is, and will continue to be the driver of the main debate - when will it start to normalize, to what level, what structural changes? 2021? 2025?

all that can be an exciting guessing game for many, can take potshots anywhere, anytime!

but what we now know: current ASP still rising as reported by QRs; backlog days still incr to the tune of 560 days for TG - unless one says all that is BS.

then u have US stockpile dwindling to such a dangerously low level - or is that BS too?

trump has not been keen to do much about PPE supplies for his own presidential reasons... what will biden do soon?

mass orders? invoke DPA? lift CBP? buy up some glovemaker shares?!!

i trust the glovemakers themselves have some good idea what is coming, at least for next 2 years which is why reading their QRs is critical.

but of course, others prefer to take JPM or others more seriously, which is fine too.

even Warren Buffett bought wrong into market last year with his airlines "investment" but the shareholder of BA, Hodl

More wind, more story please

If u think it's stupid, why don't u take profit?

then what next?

if you dont want the bitcoin, you can give me.

This post has been edited by Syie9^_^: Jan 10 2021, 11:25 AM

That fella..

Watch what he does and not what he says

I shall WhatsApp Mr. Coconut for more info...

you can see it that way, or you can see it in another way.

trying to guess what the short seller do is hard. play along their game plan is easy.

good luck!

when I saw the JPMorgan report of 3.50, I have created a plan and allocate funds to buy all the way down to 3.50.

5.75, 5.25, 4.75, 4.25, 3.75 (based on my experience, don't think will hit 3.50 as normally they put in extra buffer lower/higher than the price indicated for them to short/long). Of course the funds allocated for 3.75 will be more than 4.25, 4.25 will be more than 4.75, if you can understand what I mean.

If I can my average to 4.50~5.00, I can close eyes and keep TG for at least 5 years. Double/triple return taking into account also the dividend.

Not discipline enough on the 5.75 & 5.25, now I wonder whether have any chance to grab again before the next mouth watering dividend.

Dividend announced and is priced in. <5.6 could be a benchmark ex dividend.

I`m just waiting the day he(WB) say, I`ll have some stake in Bitcoin.

This post has been edited by Syie9^_^: Jan 10 2021, 11:32 AM

I.b is not demigod, tp is +/- and subject to conditions assumed.

Great sharing from everyone here especially on the emotions part. I myself is not good at controlling my own emotion. I believe I am a long term investor on FA but when I see the counter that I am inside is dropping it makes me anxious. It makes me doubt my choices and analysis.

I am still learning to control my emotions and block all the noises. Also trying to not check it too often as seeing it goes up and down affects me as well.

One example is INARI I got into recently. I got into it when it broke over resistance at 2.7 but recently it drops a bit lower at 2.62. It didn't drop much but it makes me doubt my choices despite I did my homework. Should I waited then and get it lower? But all the signs were there, it broke over resistance so given another chance would I wait or I'll still made the same decision? Did I do my homework incorrectly? Did I miss out something?

Another tough thing to control is those tips/news/influences. Many friends or Whatsapp groups share different counters which says "rocket" up. This FOMO feeling always put me in a dilemma situation. What if I didn't ride the boat and miss the ride? That's an easy profit. Oh no but I am a long term FA investor, I shouldn't do this kind of trading. Oh no but it's an easy profit. The feeling worsen when you see your friends gain an easy profit of 30, 50 or 100% on these "rocket" counters and you didn't ride on it. How? How??

Then the devil in my mind speaks to me. Now is a good period to earn from stock market, why put few months to earn less when you can go into those "rocket" counters and earn more and earn faster? The angel says these "rocket" counters are risky and most people would lost their money. Earn less rather than lose money. Tsk tsk tsk. How? How??

I guess that's part of the game. I do fake trading some times like picking a good counter and look at the TA. Then I pretend if I am getting into it and then come back and see the price later to see if I am making the correct decision.

This post has been edited by Duckies: Jan 10 2021, 12:03 PM