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 STOCK MARKET DISCUSSION V150

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ZeroSOFInfinity
post Jul 20 2020, 11:06 AM

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QUOTE(AVFAN @ Jul 20 2020, 11:02 AM)
so many platforms reporting problems?

cimb itrade 100% OK.

no... klse is fine... all is in play...

topglove is champ today... +1.44 = 24.46.... think will hit 25 this afternoon.
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Yeap. Supermax hit 19+, Harta 18+, Careplus 2+ and Comfort 4.5. Then it would be a good day.
ZeroSOFInfinity
post Jul 20 2020, 11:25 AM

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QUOTE(AVFAN @ Jul 20 2020, 11:21 AM)
superman is atypically subdued today... very tame, too tame. laugh.gif
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So is Harta and Kossan. What happened...?
ZeroSOFInfinity
post Jul 20 2020, 11:36 AM

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QUOTE(annoymous1234 @ Jul 20 2020, 11:34 AM)
All dump into netx and lambo
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+0.005 increase also take ages...... sweat.gif
ZeroSOFInfinity
post Jul 20 2020, 11:50 AM

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QUOTE(NIckLJF @ Jul 20 2020, 11:46 AM)
Luckily I got some Lambo at 0.02 few weeks back hehe. But it will never turn into a real Lambo lol
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I tried playing VSolar when it was 0.09. Sold it at 0.095 next day. Took the whole day just to make that sale. Imagine the heart attack I will get if it dropped to 0.085.... sweat.gif sweat.gif
ZeroSOFInfinity
post Jul 20 2020, 12:02 PM

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QUOTE(NIckLJF @ Jul 20 2020, 11:54 AM)
Understand. Lambo was just out of dumb luck. Had some spare change in my trading account and just look for cheap penny stocks to try. What drawn me to it was the trading volume. I also surprised it can push to the price today
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Now I have XOX - bought at 0.17, selling 0.18. I look at the sell queue and..... well..... shocking.gif
ZeroSOFInfinity
post Jul 20 2020, 12:18 PM

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QUOTE(silverwave @ Jul 20 2020, 12:12 PM)
Today market is a bit soft, not enough power for the gloves. Others are mostly red anyway biggrin.gif
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Let's see what's the situation in the afternoon. Me thinks gonna increase after the break.
ZeroSOFInfinity
post Jul 20 2020, 12:27 PM

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4pm later announcement by PM. Hopefully it's good news..... else gonna have panic selling by end of the day.
ZeroSOFInfinity
post Jul 20 2020, 12:30 PM

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QUOTE(silverwave @ Jul 20 2020, 12:29 PM)
Yup, seems like it, let's be extra alert for the noon session
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Think I'll see the trend until 4pm, before locking some profit first. Scare if anything happens.....
ZeroSOFInfinity
post Jul 20 2020, 12:36 PM

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QUOTE(theberry @ Jul 20 2020, 12:32 PM)
News?
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KJ GAVE A HINT WHAT PM WILL BE ANNOUNCING
ZeroSOFInfinity
post Jul 20 2020, 12:41 PM

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QUOTE(Vanguard 2015 @ Jul 20 2020, 12:39 PM)
I don't have any news on Harta. Just hope that this stock can reach TP of Rm22.30.
Harta has more potential upside but I could be wrong.
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So do I.....
ZeroSOFInfinity
post Jul 20 2020, 12:50 PM

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QUOTE(Balanced @ Jul 20 2020, 12:49 PM)
Oh dear...but our cases no spike. If announce another round later all shares drop
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He might advice us to be good boys. The only worst outcome I see is Kuching lockdown. But that's even at the very extreme end....
ZeroSOFInfinity
post Jul 20 2020, 12:55 PM

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QUOTE(Eddx @ Jul 20 2020, 12:53 PM)
supermax issuing bonus Bursa Announcement
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Supermax gonna hit 30% limit later............... and this will even drive other glove prices higher in afternoon, expecting them to do what Supermax did.

This post has been edited by ZeroSOFInfinity: Jul 20 2020, 01:04 PM
ZeroSOFInfinity
post Jul 20 2020, 01:11 PM

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QUOTE(XweienX @ Jul 20 2020, 01:08 PM)
so this means share price will become half? don't really get how issuance of bonus shares work.
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To make it simple - if you hold 1 share, they give you an additional share. So you hold 2 shares now. Current stock price will be halved, but your profits remains the same.

This post has been edited by ZeroSOFInfinity: Jul 20 2020, 01:26 PM
ZeroSOFInfinity
post Jul 20 2020, 01:17 PM

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QUOTE(jianwei90 @ Jul 20 2020, 01:12 PM)
but the total number of shares issued will also double, so in the end the profit will remain the same per shareholder?
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Ah I forgot to add in - yes, share price becomes half, BUT your profit remains the same. Now imagine if Supermax is RM 19, halved is RM 9.5. And then when it keeps rising (which it will), you will be getting even more profit - in double amounts.
ZeroSOFInfinity
post Jul 20 2020, 01:17 PM

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QUOTE(kembayang @ Jul 20 2020, 01:16 PM)
If i buy this afternoon still entitle for the bonus?
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They never said when implement yet. Best guess? End of the month.
ZeroSOFInfinity
post Jul 20 2020, 01:20 PM

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QUOTE(GarageSalesUser @ Jul 20 2020, 01:18 PM)
That't not how bonus issue works
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Yeah, I got a bit confused... after re-reading it... should be this:-

QUOTE
Yes. You will get 100 units for 100 units you are holding. Also, share price will be halved. It's to provide more liquidity to the market.


Now I read Top Glove also doing bonus issue? On same day as Supermax? This afternoon will be crazy..... shocking.gif

CONFIRMED - TG BONUS ISSUE

This post has been edited by ZeroSOFInfinity: Jul 20 2020, 01:27 PM
ZeroSOFInfinity
post Jul 20 2020, 01:28 PM

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QUOTE(prozfromhell @ Jul 20 2020, 01:26 PM)
now we know why last week TG can go green
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And the US Customs sanctions gonna be resolved soon I heard. Wow. If TG splits at RM 25...... and rise to RM 25 again......... rclxub.gif
ZeroSOFInfinity
post Jul 20 2020, 01:30 PM

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QUOTE(XweienX @ Jul 20 2020, 01:28 PM)
yeah got this news too. I believe the price gonna up much much more after issue, because it will become so much more accessible to new retail investors still wanting to get on the train.
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I read the announcement. They just one-up Supermax... it's a 2:1 bonus issue. rclxm9.gif
ZeroSOFInfinity
post Jul 20 2020, 01:32 PM

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QUOTE(silverwave @ Jul 20 2020, 01:31 PM)
So if supermax was Rm20, it will be Rm10 after the issue? Definitely small time investors will be rushing in.

Just curious, why do they do this split thing?
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Reduce the price of share. So now instead of RM 20 each, it becomes RM 10. More ppl can enter.

Honestly, at RM 19 and RM 25 respectively, really hard for many ppl to buy.
ZeroSOFInfinity
post Jul 20 2020, 01:34 PM

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QUOTE(icemanfx @ Jul 20 2020, 01:31 PM)
Effectively 1:2 and 1:3 share split respectively, wise move by majority shareholders. expect price to jump before and after bonus share issued.
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Just want to confirm, a ratio of 2:1 means if I hold 1 lot of shares, I get 1.5 lots as bonus?

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