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 STOCK MARKET DISCUSSION V150

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wayton
post Aug 19 2020, 09:26 AM

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There is a chance that people profit take ahead of holiday
wayton
post Aug 19 2020, 09:48 AM

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QUOTE(Vanguard 2015 @ Aug 19 2020, 09:38 AM)
Good morning folks.

Some of you may be thinking of buying the 2nd liners glove stocks today.

Please tread with caution. The contra players and traders may take the opportunity to cash out by the end of today or by Friday morning.

I just sold off 1/2 of my remaining shares in Comfort, Ruberex and Adventa.

Happy trading!
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Ya, don't be greedy, the rise yesterday is a bit steep. Those entered at Monday are sitting at good profit.
wayton
post Aug 21 2020, 11:11 AM

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QUOTE(ry8128 @ Aug 21 2020, 10:56 AM)
If tg and spmax can end today strongly, next week should be good.
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Nowadays, we never know, market mood swing very fast.
Afternoon session can be different with morning also.
wayton
post Aug 24 2020, 09:43 AM

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QUOTE(ZeroSOFInfinity @ Aug 24 2020, 09:40 AM)
Something doesn't feel right..... sold most of my glove and healthcare shares, to prepare for show....
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All switch to penny stock on front volume page.
Gloves little action.
wayton
post Aug 24 2020, 10:04 AM

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QUOTE(ChAOoz @ Aug 24 2020, 10:01 AM)
I sing song only. I don't trade daily. When you say its too early for glove to drop = meaning it will eventually drop in future ? Who buy shares where they predict a future it will drop one.

We must always buy things where we see there is strong upside and limited downside. So yeah Bank hmm 50/50 downside still haven't all come out.
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Now punting in gloves is like playing timing game with vaccine.
wayton
post Aug 24 2020, 05:57 PM

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Stock broking firm also registered tremendous improve in profit, they also benefited from goreng frenzy.
Kenanga just released the result.
wayton
post Aug 25 2020, 09:34 AM

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Now everyone want to venture into gloves.
wayton
post Aug 25 2020, 10:04 AM

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Look like glove is out of favour already.
wayton
post Aug 25 2020, 10:10 AM

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US market is so green now, nobody care about the pandemic, everyone talks about when vaccine will be available, either end of year or early next year.
While many news about newcomers venture into gloves.

Hard to goreng with this kind of news around.

wayton
post Aug 25 2020, 03:34 PM

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QUOTE(Vanguard 2015 @ Aug 25 2020, 03:28 PM)
We living in exciting times.

Free fall for the glove stocks now. Adventa -13.44%. Comfort and Careplus -10% plus.

Adventa QR on 29th August 2020?
Ruberex OR on 27th August 2020?
Kossan QR on ....August 2020?
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QR may be irrelevant now if glove fell out of love by retailers.

While if any good result that doesn't match the high expectation, then it may trigger another selldown.
wayton
post Aug 25 2020, 03:45 PM

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QUOTE(Vanguard 2015 @ Aug 25 2020, 03:40 PM)
No worries. Just buy on the dip. If the 2nd liner stock companies fall another 15% to 20%, can consider dipping in provided they have bottomed out. 

If they rebound tomorrow morning, it is still OK. No point being FOMO. I would rather make a 10% gain than a 20% loss. I need a margin of safety.  bruce.gif
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I worry it is beginning of downhill all the way and slowly dead water pattern to normalisation like some sifu said.

Volume stay shrinking on gloves stock, all move to pharma and penny.
wayton
post Aug 25 2020, 06:04 PM

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QUOTE(AVFAN @ Aug 25 2020, 05:57 PM)
i dun think so.

kossan PAT 131 mil exceeds some analysts expectations:
and bonus plan now...

tmr, kossan may not bounce back big but shud recover a bit.

of course, naysayers will say it's dead la, like all gloves... which one r u?! biggrin.gif
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May not meet punters expectation, haha. They want more than that so that can limit up.
wayton
post Aug 26 2020, 03:03 PM

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QUOTE(skty @ Aug 26 2020, 02:56 PM)
many people thought glove stock price will only get affected when vaccine come.

that's the reason why I foresee many will get stuck in Presidential suite because they only pay attention to vaccine progress.  biggrin.gif

the one who really do homework and know how the industry works, will invest calmly.
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Today in, hope next day limit up, best still like today +250% stock. This is current market that retailers hope for.

Fast & furious.


wayton
post Sep 3 2020, 09:53 AM

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QUOTE(ChAOoz @ Sep 3 2020, 09:14 AM)
Seemed like its the same everywhere. Everyone is look / see for how stock split will turn out based on our current retailer sentiment. Those that bet on positive momentum is properly rewarded.

Seemed like momentum trading now is the name of the game. Fundamentals is taking a back seat now in this raging bull market.
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Many look the stock split as the stock become cheaper to buy.


wayton
post Sep 3 2020, 02:38 PM

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Look like glove frenzy is over.

Harta keep on falling.


wayton
post Sep 3 2020, 03:32 PM

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QUOTE(bronkos @ Sep 3 2020, 03:27 PM)
however if we look at recent US big 5 tech, their bonus issue help boost their share prices higher.
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Tech is different with glove.

Vaccine and normalisation is not a risk to tech business.

But gloves ASP will drop with normalisation.
wayton
post Sep 3 2020, 03:44 PM

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QUOTE(Vanguard 2015 @ Sep 3 2020, 03:37 PM)
Who dares to go into glove stocks now?

Only for the brave or foolish? Will the glove stocks continue to drop non-stop for the next 1 week and lead us all to Holland? Or will the glove stocks rebound handsomely next week and give us a handsome reward instead?

Nobody knows. Please do your own calculation of the valuation and fundamental.  bruce.gif
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I guess, there is still chance to make quick buck from the rebound or dead cat bounce, if one catches it at correct time, but bigger trend is heading lower due to normalisation.
So risk is pretty high.

Sifu here already posted double top, head and shoulder pattern for certain glove stocks, doesn't look good in chart.


wayton
post Sep 3 2020, 04:13 PM

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TG volume over 93 mil, one of highest ever seen.


wayton
post Sep 3 2020, 04:21 PM

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QUOTE(sadukarzz @ Sep 3 2020, 04:15 PM)
cuz now the price lower ma
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even divided /3, volume is still pretty big.

Big volume with downward pressure means big players are disposing.
wayton
post Sep 3 2020, 04:38 PM

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QUOTE(ComingBackSoon @ Sep 3 2020, 04:35 PM)
I say wait until Monday if I were you...

1) Many people stuck buying TG today at high price in the morning. T+2 is Monday
2) Bonus shares will arrive on Monday. If the panic is still prevalent, people will sell sell sell.
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Today already can sell the bonus share, or no?

I saw someone posted the Bursa FAQ on bonus issue, that don't need to wait until it delivered.

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