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 STOCK MARKET DISCUSSION V150

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Bendan[520]
post Dec 2 2020, 03:44 PM

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QUOTE(ChAOoz @ Dec 2 2020, 03:28 PM)
MI will be back, i keep trying to find an entry only. Missed the chance right after the bad QR. If you hold some at lower than current price i would suggest to keep it. The surge in global electronics demand is unreal now.

Also gloves need buyback support again today. They are hooked to it like drugs.
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I'm holding MI at 4.00 after my previous TP before QR at 4.79


I'm waiting for the push..
Bendan[520]
post Dec 2 2020, 03:55 PM

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My beloved D&O!!

why I itchy fingers sold u away at 1.79!
Bendan[520]
post Dec 3 2020, 05:08 PM

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Looks like down trending..


user posted image
Bendan[520]
post Dec 4 2020, 04:07 PM

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WOah JFTECH sharp pullback.. my pants half dropped
Bendan[520]
post Dec 4 2020, 04:34 PM

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QUOTE(tommy2468 @ Dec 4 2020, 04:22 PM)
only drop 2% oh~
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ya cause my 2% is 4 digits
Bendan[520]
post Dec 4 2020, 04:42 PM

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QUOTE(Vanguard 2015 @ Dec 4 2020, 04:38 PM)
Now for some sobering news.

I am holding a lot of glove stocks. Up to my neck in blood red glove stocks.

Glove is a cyclical stock. When will the cycle end? Nobody knows for sure. But the fishing pond is shrinking and there are just too many fishermen.

I think the glory days of glove stocks since March are over. Not more going up +10% to 20% in a day. People are moving on to other stocks.

If I were selfish, I would encourage all of you to buy glove stocks now to push the price higher so that I can sell all my glove stocks quietly. But that is just not my character. I am not KYY.

If you want to enter glove stocks now, please do your risk assessment.

But I could be wrong about the glove stocks cycle coming to an end. I have been proven wrong many times in the past.

If the glove stocks have a final rally, I will be very happy.
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Uncle end of OCT is the last glory day of gloves.. ever since pfizer came out news regarding vaccine, I already knew gloves gonna end.. hence I already cutloss RM20,000.. if I were to hold till today, I think I'll incur Rm50,000 loss..

With cut loss RM20,000, I've gotten back RM10,000 from semicons in bursa and RM4,000 from US tech market.. RM6,000 more to breakeven for Christmas..
Bendan[520]
post Dec 4 2020, 04:56 PM

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QUOTE(Vanguard 2015 @ Dec 4 2020, 04:51 PM)
Not yet. My profits from these 2 days of trading has already covered 50% of my unrealised losses for the glove stocks.

I am not cutting loss for glove stocks yet. The fundamental and valuation for the Big 4 is still OK. To continue to hold and see.
I hope you are right.

Tropicana buying TG stocks doesn't count. Left hand giving to the right hand.  smile.gif

Wait, aren't you the gentleman who asked me to share what stocks I am buying before I buy them?

So, did you buy PetronM and Serba Dinamik this morning when I posted about it in the thread this morning?  whistling.gif
I hope you are wrong. As posted above, I think the Big 4 are still OK if we have the stamina to hold for now.

I am just issuing a warning note to the forumers here who are thinking of jumping into glove stocks now for a quick profit.
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Can't say Im an expert in charting, but based on my experiences and deductions, take SUPERMX for example, it fails to break the downtrend line.. heavy resistance above. And I think you guys should know there's a big shift of trend towards post-covid counters..

I have never touched gloves since end of OCT
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QUOTE(staticxtreme @ Dec 4 2020, 04:46 PM)
wah bro u mmg big time investor ah
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I not big la, so many uncles here 10-100x bigger than me

This post has been edited by Bendan[520]: Dec 4 2020, 04:57 PM
Bendan[520]
post Dec 4 2020, 05:05 PM

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QUOTE(Vanguard 2015 @ Dec 4 2020, 05:00 PM)
Thanks for the chart.
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tread lightly..

it will retest support at 7 very soon.. judging from MACD, MA 20 and MA 50.. it is below or close at those 2 lines.. means price has no strength.. weak pricing..
Bendan[520]
post Dec 4 2020, 05:06 PM

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edited

This post has been edited by Bendan[520]: Dec 4 2020, 05:06 PM
Bendan[520]
post Dec 4 2020, 06:56 PM

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QUOTE(ry8128 @ Dec 4 2020, 06:14 PM)
Lucky my queue of 8.3 for spmax able to match last min. Almost whole day can’t break 8.31, lmao.

Now just wait for dividend next week and see what happens next. If can sell within the next 1 or 2 week, gonna rearranges my war chest to go on big on 1 tech stock.
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JFTECH coming already..

prepare your war chest!
Bendan[520]
post Dec 4 2020, 06:59 PM

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QUOTE(immobile @ Dec 4 2020, 06:55 PM)
user posted image

wow 11 analyst will a buy call......but smart money also don't want to enter for now  bangwall.gif  bangwall.gif  doh.gif
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woi woi share your smart money script!
Bendan[520]
post Dec 4 2020, 08:43 PM

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QUOTE(immobile @ Dec 4 2020, 07:04 PM)
hahah here sir, the one by Kgiap123 is free wub.gif  wub.gif

https://www.tradingview.com/script/JI95LpOd-MCDX-SmartMoney/
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Thank you so much blush.gif
Bendan[520]
post Dec 7 2020, 03:52 PM

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You guys still into glove counters?

Hmm I predict SUPERMX will retest RM7 soon.. Today gap down without bad news..
Bendan[520]
post Dec 7 2020, 05:53 PM

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Glove counters keep tumbling down but the uncles here very positive about it keep on collecting 😅

Each day technical bearish sign appear but everyone seems so happy about it wanna collect more. Collect until RM4 for supermax?
Bendan[520]
post Dec 7 2020, 10:53 PM

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gosh JFTECH pullback so sharp and constant volume for 3 days..


that's a bearish technical candle.. hopefully this week rebound else we'll look into long consolidation. I'm big on JFTECH now..
Bendan[520]
post Dec 7 2020, 11:30 PM

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QUOTE(immobile @ Dec 7 2020, 11:25 PM)
i see. oh well, we will see..TG QR will be out on the 9th December, this coming wednesday. may God have some mercy for uncle here hahah or else susah  innocent.gif
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I dont think will go up.. I think will go down somemore.. just my 2 cents.. technically speaking..
Bendan[520]
post Dec 7 2020, 11:43 PM

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QUOTE(AVFAN @ Dec 7 2020, 11:30 PM)
that is very true.

take spmx expected next 4 or even 8 qtrs earnings... PER is now down to like 6 or 7.

but nothing will change if no serious investor is interested, only hot money fast in fast out.

even EPF is dumping like just another goreng house... very sad...!!
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Because investor see this as cyclical earning pattern only. Once vaccine is out and globally back to normal, SUPERMX earnings will be like pre-covid.. got earn, got good fundamentals but nothing interesting.. nothing explosive..

all the explosiveness already priced in..

Chart also says a BIG downtrend.. but everyone here so bullish about it keep buying then days later complain a bit/average down to catch a falling knife..



Like
SGSuser keep so chill doubt that everyone panic cause "this time different". So lets see how time play out.. since so chill about it biggrin.gif

This post has been edited by Bendan[520]: Dec 7 2020, 11:45 PM
Bendan[520]
post Dec 8 2020, 03:04 PM

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technical trade for gloves.. lai liao
Bendan[520]
post Dec 9 2020, 11:13 AM

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Gloves go up 30% come down 25%..

Which means all FIFO money..

Nobody dare to hold..
Bendan[520]
post Dec 9 2020, 11:31 AM

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QUOTE(enixcv123 @ Dec 9 2020, 11:23 AM)
betting my luck that glove rebound abt in the noon :-)
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Bro dont need luck, see previous QR.. all drop.. sell on news.. yet for each QR, everyone here keep saying will rebound and go up higher.. doh.gif


You dont learn?

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