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 STOCK MARKET DISCUSSION V150

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Bendan[520]
post Dec 11 2020, 03:52 PM

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QUOTE(Vanguard 2015 @ Dec 11 2020, 03:51 PM)
The trend is quite telling.

The traders with deep pockets who are good at TA and are buying on the dip are making a killing.

The retail investors who rush in to buy the banking stocks (like the end of today) or like the glove stocks a few days ago will be slaughtered... sad.gif

And the story repeats itself.
*
Uncle also making money brows.gif

Steel ~ Semicons ~ Banks ~ Penny stocks

Cycle repeats.. hehe
Bendan[520]
post Dec 11 2020, 03:59 PM

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QUOTE(Rinth @ Dec 11 2020, 03:57 PM)
so monday bank should consolidate due to T3....then all should rush to glove? hope so....
*
Gloves not so fast la..

you can masuk when SUPERMX testing support at 7.00 tongue.gif


QUOTE(Vanguard 2015 @ Dec 11 2020, 03:56 PM)
Eh. I make some money but not all the time. Sometimes I lose big also.  sweat.gif

*
All the best uncle, as long as win more than lose..

I admire that you eager to hold on to gloves.. which is something I avoid cause I no balls

This post has been edited by Bendan[520]: Dec 11 2020, 04:03 PM
Bendan[520]
post Dec 11 2020, 04:09 PM

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QUOTE(Rinth @ Dec 11 2020, 04:03 PM)
wah if spx really to 7.00 then i'll bleed from every hole from my body  cry.gif  cry.gif
*
I posted this last week here, I'm no pro but it still hasnt break out from my downtrend line.
Then again, Im not god, maybe it'll breakout on monday? who knows tongue.gif
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Bendan[520]
post Dec 14 2020, 10:17 AM

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Good morning everyone, I saw Dow Jones futures up due to USA rolling out vaccines.
Bendan[520]
post Dec 14 2020, 10:19 AM

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QUOTE(ChAOoz @ Dec 14 2020, 10:18 AM)
Again i feel glove too sentiment driven. Let it get all this vaccine announcement out of the system first, especially the FDA euphoria.

Those still hardcore on glove can consider top up then when it settle down.

Crazy to fly directly into a headwind and challenge it.
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SUPERMX testing 6.90 support this early in the morning.. omg. icon_question.gif
Bendan[520]
post Dec 14 2020, 10:20 AM

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QUOTE(CertifiedHomphobe @ Dec 14 2020, 10:19 AM)
dpharma and pharmaniaga not doing so well.

Expected to be stable but no..  blink.gif
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Because MYEG is gonna distribute the vaccines.. not them. tongue.gif
Bendan[520]
post Dec 14 2020, 10:23 AM

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QUOTE(CertifiedHomphobe @ Dec 14 2020, 10:21 AM)
that news was a punch to the guts for me  bangwall.gif

put my bet on them and outta nowhere myeg got it lmao.
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Ya.. Malaysia cronies at its finest.. I also was anticipating PHARMA and DPHARMA to have the contract..

When I saw MYEG doing it.. my eyes popped!
Bendan[520]
post Dec 14 2020, 10:28 AM

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QUOTE(Rinth @ Dec 14 2020, 10:26 AM)
But MYEG didn’t go up... still same level as per-news price...weird...
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It did tried to go up on 7th December but got sold off.. it is a very politically driven counter, so sell on news.. and they got awarded contract only, haven really started distributing yet.
Bendan[520]
post Dec 14 2020, 10:39 AM

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QUOTE(CertifiedHomphobe @ Dec 14 2020, 10:33 AM)
I really have shit luck , first gloves now this  sad.gif

Maybe goreng stocks are the right play rn.

But too scared kena penthouse .

messiahword cmon , share another up and coming goreng stock . Your predictions so far has been reliable  tongue.gif
*
Don’t say that, it might just be a moment of bad luck, I too have bad luck lately.. the counters I picked was very stagnant, while the ones I want to buy but didn’t, all rocketed up in short period of time..

Gloves I kena penthouse twice already.. tongue.gif
Bendan[520]
post Dec 14 2020, 01:13 PM

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QUOTE(ChAOoz @ Dec 14 2020, 01:00 PM)
Very few long term investors left here.

Many in glove counters / i3 like to preach to trust the fundamentals, average down, traders don't make money, play it like Buffett etc, but own self also go in and out like nobody business.

You know their statement lack conviction, that's why their stock holdings reflect that as well.
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Malaysia economy like this so politically driven, everyday FDI go out, anyone got the confidence to hold long term?

Whereas for gloves, hmm to each their own.

QUOTE(ry8128 @ Dec 14 2020, 01:10 PM)
Cos they talk those things to comfort themselves. When price drop, they say keep long term, will rebound and etc, while in fact they know nuts and is shaking inside. Zero strategy.

I bet most of them will sell the moment the price go to their breakeven point instead of follow what's their original plan is aka keep long term for price to go higher. Cos already trap so long, lulz.
*
I see a lot here keep averaging down from TOPGLOVE RM8 till now.. all chill je

What say you biggrin.gif

This post has been edited by Bendan[520]: Dec 14 2020, 01:14 PM
Bendan[520]
post Dec 14 2020, 01:18 PM

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QUOTE(theberry @ Dec 14 2020, 01:16 PM)
Can u share your view on this? hmm.gif
In 2025, whole Malaysia will be sold to china or not?
how you think off Malaysia future?
How u think current government is doing?
What u think of ringgit in the future?
Pls rate Malaysia from -1 to 100
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Wow, your questions only Fengshui master can answer.

What I think the current government doing? Political instability.
Bendan[520]
post Dec 14 2020, 01:20 PM

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QUOTE(cofin @ Dec 14 2020, 01:15 PM)
lol thats me on CIMB ....i've been keeping for more than 3 years ....from 6 average till 5

Its almost 5 now .....my heart telling me to dispose them when hit back breakeven 5 now lol
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If you study the charts, this sudden rally upwards is a long-ass technical rebound. It will drop in a few month's time to test lower lows.
This is based on my studies, I can be wrong.


Bendan[520]
post Dec 14 2020, 01:28 PM

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QUOTE(ry8128 @ Dec 14 2020, 01:20 PM)
If they know what they are doing, then of cos it's ok. For me, RM8 is still cheap. As long as they can ride this Dec wave, it's gonna be alright.
I will sell if I am u, haha. Its already well known bank won't have good earnings in 2021, and I believe major recession is coming. So I gonna sell without thinking twice once it reach breakeven.
*
Why not wait till it bottoms out and only average down, no technical signal keep averaging down like this not pain? Haha
But then again, its their money.




QUOTE(squarepilot @ Dec 14 2020, 01:21 PM)
so many call warrants on public bank, maybank, cimb

same shit will happen to them like what happened to TG, harta and supermax

i rather stay sideway can watch popcorn
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Just ride the trend while you can.. for me I've already sold my bank stocks last friday, got some profits, better than losing my pants when it crashes.

For Gloves, everybody here preach outstanding FA, banks also outstanding FA but price go down.
Investing in gloves blindly now saying FA will push and rocket them to the moon is like, closing your eyes while driving 100km/h on the highway expecting to arrive safely to your destination because you have the world's safest car.

This post has been edited by Bendan[520]: Dec 14 2020, 01:30 PM
Bendan[520]
post Dec 14 2020, 01:33 PM

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QUOTE(ry8128 @ Dec 14 2020, 01:30 PM)
How to see it bottoms out based on chart? Do u able to capture the major rebound in aug and sep washing based on chart? If yes, pls teach me.
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Hmm of course I would agree with you that no one can catch the exact bottom of the counter.

But as you can see. There's no stopping volume in the chart, people are still selling FIFO money still in play.

Based on technicals,

No stopping volume = no buy

That's my basics. But it may differ from yours.
Bendan[520]
post Dec 14 2020, 01:44 PM

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QUOTE(icemanfx @ Dec 14 2020, 01:42 PM)
Mean many /k are vested in gloves share.
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You got buy? biggrin.gif

Any stocks you're looking out for? Share share trend lai biggrin.gif
Bendan[520]
post Dec 14 2020, 01:52 PM

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If US stimulus pass, expect another big big rally? biggrin.gif
Bendan[520]
post Dec 14 2020, 02:00 PM

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Anyone vested in SCIB? Strong upward momentum, I picked it up after my technical alert this morning biggrin.gif

QUOTE(ChAOoz @ Dec 14 2020, 01:53 PM)
Even fundamentally this rally is a liquidity fuel bull run.

But if everyone is doing it, you should to. Else assets inflations is going to make you poor. For those that are already rich like ice aunty.
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Ya, but I've vested in other counters and left not much cash for banks, I did hold for a week, gave me good profits, but I sold it last week, mainly CIMB and BIMB
Bendan[520]
post Dec 14 2020, 02:31 PM

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QUOTE(Duckies @ Dec 14 2020, 02:29 PM)
So will the glove haters that have been bashing glove and hit another high later?
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Each counter need to accumulate enough "hate points" only can fly to the moon
Bendan[520]
post Dec 14 2020, 02:40 PM

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QUOTE(pinksapphire @ Dec 14 2020, 02:37 PM)
Lol..

On the side, the drop on gloves today is so gutting eventhough heart is strong.
*
Personally I believe gloves will shine again, but not so soon, maybe it takes minimum of 6 months for funds to come back in.

By then, I'll be waiting and strategizing for my buy in thumbsup.gif
Bendan[520]
post Dec 14 2020, 03:14 PM

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QUOTE(Vanguard 2015 @ Dec 14 2020, 02:56 PM)
Again, time to separate the men from the boys...

For those holding glove stocks....are you scared now? Is the drop today gut wrenching enough? Ready to throw in the towels?

Perma bears are out in full force now.  biggrin.gif

Are you ready for your four, five or six figure losses now? What if glove stocks drop another 10% tomorrow? and another 5% the day after?

What is the worst thing that can happen?

(1) Can you afford to lose 100% of your capital?

(2) Will it have a severe impact on your lifestyle?

      (a) margin call? bankruptcy? no money to buy food or to pay rental or housing loan for next month?

If you fall under option (1), then just chill.

If you fall under option (2), please pardon my French but what the hell are you doing playing with scared money in the stock market????
*
In bursa de casino, a lot of them falls under category (2)..

not many not like uncle rich rich biggrin.gif

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