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 STOCK MARKET DISCUSSION V150

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ZeroSOFInfinity
post Jul 21 2020, 05:32 PM

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QUOTE(AVFAN @ Jul 21 2020, 04:54 PM)
gloves... afternoon session, i counted 3 rounds of flushing... until spmx 17.20, tg 24.28.

by 3.43pm, flushing ceased... recovery started.

not too bad, much of losses recovered.

superman, as always, is the nasty boy... do be v careful with this fella. laugh.gif

let's hope to see big rebound tmr.

or a big crash as some others might be hoping. tongue.gif
*
Me looking at a rebound. Bought Harta, Kossan and TG again after reselling them for profits. I might regret not buying Supermax at close though.... then again, split shares time is still far away, and there will be another correction soon..... lets hope Careplus and Comfort already earned by then.

This post has been edited by ZeroSOFInfinity: Jul 21 2020, 05:32 PM
ZeroSOFInfinity
post Jul 21 2020, 07:53 PM

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QUOTE(annoymous1234 @ Jul 21 2020, 07:13 PM)
"Cleared of forced labour".

Well, isn't that convenient "news" to the CBP...... now even Saravanan, the Human Resource ministry says no forced labour by Top Glove.... smells like the govt has a share in them...... protection at all costs.

This post has been edited by ZeroSOFInfinity: Jul 21 2020, 08:28 PM
ZeroSOFInfinity
post Jul 21 2020, 08:02 PM

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QUOTE(AVFAN @ Jul 21 2020, 06:16 PM)
this, i fully agree.
there is some un-understood thing about a viral vaccine... what it takes and how long to test, manufacture, distribute and administer.
then again, it is complicated... most people prefer to see it like panadol for headache. tongue.gif
still, ask this question - do u not need gloves, masks and the like to vaccinate 8 billion people on the planet?!!
hence the saying "the brave will be rewarded". congrats! :thumbsup:
17.20->17.88 is magic or not?! laugh.gif
spmx has been on extra high vol for many days.
it is the glove darling for this reason - big volume, high volatility, loved by traders, fast punters - retailers and big funds alike.
so, it is reasonable to assume this yo-yo 19->17->18 will keep repeating... until the vol subside - something we must look out for.
the real question for now is whether 18->19->20 or 18->17->16 is more likely.
i did not buy any spmx today alto i watched it go to 17.20 becos i already have enough around 17.50 from the last flushing.
tmr, i think all of them will rise... after several bouts of rinsing and flushing. tongue.gif
*
Supermax is seriously over priced to me. Best at 15+. Very risky bets each time buying it. The reason why it jacked up so high is because KYY say he bought shares for Supermax. And the herd followed. Now once he said that he sold them, it fell into the red whole day.

Probably it will go up again tomorrow..... after dropping in the morning.
ZeroSOFInfinity
post Jul 22 2020, 08:03 AM

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QUOTE(HereToLearn @ Jul 21 2020, 10:18 PM)
It might happen though, please remember biscuit maker hwa tai was RM140 before the 1997 asian financial crisis crash. Now closing RM0.28
And when the bubble pops, it will be spectacular

But I do hope that it wont happen. If not KLCI will be bad, and it might trigger panic selling in other counters UNLESS the dips in the gloves are countered by the gains in banks (which are still laggards for now) and gentings

If topglov goes to 3 digits (or RM30 after bonus issue), sell everything and hold cash and sailang when it crashes.
*
There is a point where one says enough and leave, just like when gambling. My target is after split, see how is the increase like, and then end when things started to go south.
ZeroSOFInfinity
post Jul 22 2020, 09:57 AM

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QUOTE(kembayang @ Jul 22 2020, 09:35 AM)
Crazy PHARMA. High green again.
Meanwhile gloves ...
*
Same trend like last week.
ZeroSOFInfinity
post Jul 22 2020, 10:07 AM

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QUOTE(kembayang @ Jul 22 2020, 09:59 AM)
Shall we jump into bandwagon?
PE is still low for now.
The more the merrier.
*
Yeah, why not. Got some spare cash in hand. See how crazy it goes.
ZeroSOFInfinity
post Jul 22 2020, 10:21 AM

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QUOTE(ZeneticX @ Jul 22 2020, 10:16 AM)
possible for supermx to drop to 16 in coming days or weeks? hmm.gif
*
I'm waiting for that to happen.
ZeroSOFInfinity
post Jul 22 2020, 10:27 AM

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QUOTE(theberry @ Jul 22 2020, 10:23 AM)
still holding glove counter?
*
The other 3. TG in profit, Kossan nil (after selling and rebuying), and Harta in negative (same with Kossan). Sold all Comfort and Careplus for mixed results, bought Pharmaniaga and DuoPharma to play.

Harta result coming up, looks like correction is in order. Kossan next. Will get Supermax once low enough.
ZeroSOFInfinity
post Jul 22 2020, 10:31 AM

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QUOTE(Vanguard 2015 @ Jul 22 2020, 10:10 AM)
Lai, Lai. Please come and support Harta.

Now selling at discount -3.56%.
*
Harta will come good very soon. Not to worry.
ZeroSOFInfinity
post Jul 22 2020, 10:41 AM

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Price for the pharmacy duos have stagnated....
ZeroSOFInfinity
post Jul 22 2020, 10:57 AM

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QUOTE(Krv23490 @ Jul 22 2020, 10:44 AM)
+28% already, can't really go much higher already
*
Now that you said it, I just noted both hit 30%. Time to sell and wait for a dip before buying again.
ZeroSOFInfinity
post Jul 22 2020, 11:10 AM

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Sold all except Harta and Kossan - which will recover soon enough. Waiting for the others to drop before reentering.
ZeroSOFInfinity
post Jul 22 2020, 11:12 AM

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QUOTE(james.6831 @ Jul 22 2020, 11:11 AM)
lol so eevryone sold gloves and now move to pharma?
*
Not really. Diversify and cleaning old stocks.
ZeroSOFInfinity
post Jul 22 2020, 11:26 AM

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QUOTE(chichabom @ Jul 22 2020, 11:25 AM)
anyone going in big time into pharma stocks now?
*
Too high currently. There will be a correction later in afternoon.

Currently KLSE is dropping. Can collect some glove stocks on cheap later....

This post has been edited by ZeroSOFInfinity: Jul 22 2020, 11:27 AM
ZeroSOFInfinity
post Jul 22 2020, 12:59 PM

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QUOTE(zstan @ Jul 22 2020, 11:42 AM)
RM4 is high but TG at RM 25 not high. laugh.gif
*
Well, when it already reach its limit for today, then it's high whistling.gif
ZeroSOFInfinity
post Jul 22 2020, 01:01 PM

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QUOTE(ratloverice @ Jul 22 2020, 12:02 PM)
Macam want buy also cannot leh pharma stocks. Hopefully it drops for a bit after 230 lol
*
Exactly what I meant. Surely later there will be ppl selling one.... then when price falls, buy at cheaper. When rally up again tomorrow, you profit more.
ZeroSOFInfinity
post Jul 22 2020, 01:02 PM

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QUOTE(AVFAN @ Jul 22 2020, 12:10 PM)
some taikor at i3 says...

spmx support 17, 16, 15.42.
*
Time to go in if falls to that low.
ZeroSOFInfinity
post Jul 22 2020, 01:53 PM

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QUOTE(Balanced @ Jul 22 2020, 01:03 PM)
Ya tmr i think for pharma stocks, another mad rush
*
Looking at those orders at limit, I wonder.....
ZeroSOFInfinity
post Jul 22 2020, 02:01 PM

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QUOTE(Balanced @ Jul 22 2020, 01:59 PM)
Supermax 2.0 tongue.gif
Should be able to shoot up kot tmr

Dpharma 3.5million vol queing at 2.96.
Pharma 2million vol queing at 4.55.
*
My best guess, it might fall a bit...probably 2.91 and 4.50 later in afternoon. That said, if demand is that high.... I calculated..... both can hit TP again next 2-3 days, since price is low.

Looks like I will be abandoning Supermax for this now.

This post has been edited by ZeroSOFInfinity: Jul 22 2020, 02:02 PM
ZeroSOFInfinity
post Jul 22 2020, 02:07 PM

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QUOTE(Krv23490 @ Jul 22 2020, 02:05 PM)
Whats your TP for the Duo and Pharma?
*
Based on their max for today (4.55 & 2.96), the TP for me are...... 6.00 and 4.00 respectively.

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