Yup. Sadly the market is rule by emotion first rationality later. To be honest vaccine roll out under best case scenario also fy2022 already and in the process many gloves will still be used.

Stand strong, understand your fundamental and you will be able to weather the storm and perhaps pick up some bargain that is below intrinsic value. But i still feel glove is cyclical and situational extraordinary profit with many new player crowding in.

Vaccine news + DSAI + MCO 2.0 might be the ultimate blow.🤕

my observation on gloves today... under selling pressure for much of the day.

TG... 13mil or 1/4 shares were traded at 7.64-7.65 over 2 blardy hours.... and nobody moves!

but can't tell if it is just EPF managers selling/buying with each other as their daily usual.

it was only the last 5 min,  and i m sure, SBB came in to push it back to 7.86.

good news is supermax's been following TG's que, so OK.

harta was dumped until -3.8%... terrible.
TG's SBB yesterday and today could be indication that QR next month for Sep-Nov will be spectacular again... PAT >rm1.8 bil, my guess.

mercator is not the best gauge but may give an indication about european sentiments.

now +8%.
maybe due to IEA comment:

https://www.cnbc.com/2020/11/12/iea-says-co...-some-time.html

I am still holding glove stocks but I have not averaged down yet. Too early to average down.

Look at Careplus for e.g. Now dropped to RM2.860 (-RM5.92%) or Supermax at RM8.330 (-5.01%).

Looks like the market has moved on to recovery theme in anticipation of the vaccine early next year.

So what recovery stocks will benefit? Airline, hospitality and tourism? Genting and GenM have been going strong for a week. Genting now up about +8%. AAX up about +9.09%. Banking stocks are also green since last week. What about REITS?

Why are TG & SPMX's warrants top losers? That C-something. I'm not sure what it's called actually. How does banks pressing down warrants benefit them? I thought if mother share goes up, better for warrants to be exercised?

Mercator drop 6.74%?

Survey time. Do you all think big 4 gloves can reach previous high? Why?

For me, I think not really possible. Gloves still can earn high ASPs supernormal profit. But DY cant beat banks. So, some will switch/already have switched frm gloves to banks. When glove companies surged frm June-Sep, they were making good profits while other companies suffered losses. Now, market is gradually getting more confident in recovery companies. I still believe gloves can have high ASP profits and this sell-off is irrational. But the interest for gloves may have started its decline.

Any particular explanation as of why Gloves are red today?

Haiyo, how many times need to go through the vaccine scare.

https://www.theedgemarkets.com/article/cgsc...ery-theme-plays
“Local institutional investors were buying banks and Genting Bhd [while] selling glove makers. Last week’s fund flows revealed that local institutional [investors] increased their net buy flows by 34% w-o-w and raised their net exposure to Malaysian banks and Genting,” it said in a strategy report yesterday. 

Retail investors continued to be the largest net sellers of Malaysian banks and Genting, and ploughed back some of these funds into rubber glove players
Local institutional investors were selling, not retailers.

One thing I dun und is why he wan to hentam. Previously he promote, maybe cos he wan us to buy, so he can unload at high price. This still can understand.

But now he already unload, so why he wan hentam? I dun get it. Unless he wan to bring the price down again so he can buy in?

superman did get last minute rm110mil buy at 9.10.

dunno if it was switched from banks as TG also saw last minute rm160mil dumped at 7.12.
interesting times....