Btw congratulations to all who shorted the FKLI for the past 2 days. Double the profit already

The only thing I know is foreign fund keep flowing out of Malaysia
Only local retailers and institution are tanking the market.

Our government need to do something about this. We need more FDI

Gambling form home is the new normal

Book profit and dont put everything back in

Congratulations!! At least when the tide goes away, you already out of the ocean

Today V shaped rebound was a good show

The explosive increase happened after moratorium was implemented. When people have excess fund to buy and put everything into glove related stocks.
The real show will happen after Sept 30.

Maybe, as long as people buy, it will go up. Still have few weeks until Sept 30, If all glove holders (and other counters of course) to switch to these stocks, easily limit up everyday because they are still no pricey.
1 unit TG holder when they sell can buy about 15 units in Notion. Just write a convincing article to lure ppl to support your counter.

I PERSONALLY am expecting it to plauteau for a very short while 1st and then a fast sell down every month with people slowly cashing out for monthly loan repayment. The faster it climbs, the faster i drops. A counter value is not created by plowing fund into it, so that the price rises, but is created through time.
UNLESS people only bought with their FDs, which they do not need for loan repayment.

Look at our beloved largest market cap public bank 24.7 to 14 erased 43% from the peak in about a year time (they might have share split - so might be lower than 43% reduction, but I am too lazy to dwell into the details, just an example to show that once public is no longer confident in the counter, can say bye bye already)

This post has been edited by HereToLearn: Aug 4 2020, 04:39 PM

Literally anything related to rubber is on the run. Congratulations for being the 1st few ones to notice lol

Old news, March already have article published this
LOL, luckily you post it, not in gloves specific i3 forum. If not, people there will curse your father mother.

Good sharing. The only reason I do not dare to touch the gloves is because of unsustainable burst of earnings.

With the increased ASP and pent up demand, short term value sure looks good. Since I cant time when will the biggest share holders leave the gloves, I choose not to participate and missed the huge rally .

However, this is a very good learning experience for me: looking at short term earnings and following the trend when it is still early is a very solid profitable strategy.

This post has been edited by HereToLearn: Aug 4 2020, 05:56 PM

Exactly, I think my mistake was that I focused too much on fundamentals (which is within my comfortable area of expertise) and ignored the market sentiment (trading frenzy frend).

https://www.youtube.com/watch?v=KoOEE8GI-Ko
To go big, buy small cap stocks with good fundamentals. I am not too comfortable sharing my picks here because I am afraid that I might unintentionally bring you guys go holland.

Here are the 2 very undervalued mid cap stocks that I own (at least these stocks are still known by some and has lesser chance to bring u guys go holland)
1. BIMB
2. Takaful

I did my own calculations to value the stock but below images attached are the valuation made by a software

Not yet, just look at the surge in auction properties. Too many property overhang units

I was very shocked when i heard about this, not sure how they are going to pull it through. Maybe they are just trying to upsell their shares, like how they upsold their properties

The 20% gain can be achieved from a rebound of current price to may/june 2020 prices, even if we exclude the possibility of recovering back to late 2019 prices (which could be ~50% gain) - pretty sure you hear this from property gurus.

I am not so confident about the prices rebounding soon (just like share, price is only as good as what the next buyer is willing to pay). With the property sentiment (this is not the gloves hype, where people will be happy to keep buying at higher prices like property boom back in 2012-2015) being so bad, I dont think it is wise to even buy one now as there are so overvalued (negative gearing properties: Rental yield (including SPA, loan, stamping fee) CANNOT cover loan interest + maintenance fee). Buying for investment is not recommended.

There are still a lots of yet to be completed units. After MCO, they will return to work and there will be more supply in the near future (check NAPIC data). This will further suppress the rental yield.

If you are aiming for urban properties, they will be worse. With WFH getting more popular and becoming the norm, the demand to stay in the urban area will be further suppressed, and the rental yield will get more fcked.

Buying for own stay - I have no comment, as long as you and your family live happily

This post has been edited by HereToLearn: Aug 5 2020, 10:06 AM

On what basis, do you think that it will spike? VSA analysis, buy/sell order volume, pure gut instinct?

Price already went far ahead of the fundamentals for a very long time.

But the herd buying power is too strong, everyone is having unrealized profit with more ppl buying, and they then share to the others, finding more funds to push the profit even higher. Some people even sold their undervalued stocks because they cannot resist the possible 10-100% gain in a day via trading than investment, driving the undervalued stocks even lower. Quoting icemanfx, only when the new fund is exhausted, this frenzy can be stopped.

So when will this new fund exhausted?
IMO, very soon as NOW we are already seeing people are switching money from one glove stocks to another or from gloves to penny. The rate of new funds coming in are slowing down.
But definitely, retailers fund OUTFLOW will increase at an increasing rate after the moratorium ends

He himself know gloves price are only as good as what the next buyer is willing to pay for, need to find people to support his counter