Gloves share price is about 6 months ahead of its quarterly eps. The random multiplier would be it's p.e.

To drum up share price, that's all.

The market is in red today, in particular glove stocks.

As long as we control our entry price and don't play with "scared" money, there is nothing to worry about.

When we play with "scared money", we are not in the driving seat. Our broker or remisier are the drivers. We are just the passengers.

For e.g. if we are buying stocks using a margin account now. What if Careplus and Supermax drop another -30% this week? If we believe in the fundamental, we will top up and reap the benefits later when they rebound. But if we are buying the shares with a margin account, our broker will decide the selling price for us when we can't afford to top up.

Even a trailing stop loss order will not save us when there is a meltdown. That is why I don't believe in margin trading. Because human greed has no limits. We only see the potential profit but we ignore the potential risk. The potential losses are horrendous. I have seen it happen to my colleague in March 2020. He lost about RM1.2 million from his margin account. He had to withdraw his EPF money to pay for it. His retirement plans are in ruin now.

I have a bit of gloves, planning to hold until June 2021, which I think ASPs would only start dropping thereafter.  I nibbled some Harta today, thinking I got at reasonable price of RM14.70. Mana tau, now bigger sales. 

News remains as news. Numbers of cases are climbing,that’s fact. Get it right man.

this time different la that time different la etc etc

simple question la...vaccine entered ur body edi mou?

aiya then go ahead continue bbbbbb bank stocks lo

Good morning folks.

History repeats itself. Washing machine on turbo mode in the morning for glove stocks.

Sold HEVEA and JHM this morning for a profit. HEVEA for about +8% and JHM for about +20.22%. 

Only managed to sell part of Latitud for a slight loss. No buyer for the remaining stocks. 

Topped up Careplus, Top Glove, Supermax and Kossan.

Opened back small counters in Adventa, Comfort, Esceram, Ruberex and HLT.

Sekian laporan saya.

TG , SPMX , RB , CP

Dropped all four of them. Yeah that was my feeling too , but it isn't looking nice man.

News after news of the vaccine , and all big 4s are taking the brunt of it. Its all about sentiment , no one cares if there's good fundamentals or anything.

Anyways the reason I dropped out was mostly because I bought them at terribly high prices    , so the possibility of me recouping those losses are very minimal. Might as well try different counters than to pray every 9am morning and cry every time the market closes.

I bought the 12 even though there's so many 'problems' lol.

From technical analysis POV, I think there will be a final rebound sometime in the near future before people start moving on from gloves.

this time different, vaccine got breakthrough, recovery stocks rise, game over for gloves

Wow gloves sudden slide, crawling back again.