Basic human psychology. The self must be preserved.
It is never really our fault, always other factors at play. Really expensive way of thinking in the markets.

Keeping this chart....

this is the minute chart of TopGlove this morning....


the day they tried a GME play on TopGlove....
gapped up strongly on high volume....

then ...... declined.......
those that chase above 7......
buy high and never sell?

Two simple questions such as ....

1. Did we overpay for the stock?
2. Was our valuation of the stock too optimistic?

usually not asked ......
got some other stocks doing fairly well....

The shocking thing for most retailers I talk to is that they don't even know if the company they bought shares in turned a profit or a loss last quarter.

.... and then .... were you around when stock forums had stock promoters?

I don't think I was active in the stock forum when the promoters were here.
For the longest time, I was more of a solo investor without social interaction in regards to Bursa. Guess the lockdown changed my patterns a bit to actually see what everyone else was up to.

http://www.investsmartsc.my/pump-and-dump/

Google the name mentioned....

In all honesty, not much different than old fart at i3...

And yeah....every now and then... a smaller version would show up even in lowyat.

Forums/social media... cavaet emptor

Thank you for the link.
Didn't know it got this big to warrant SC action before.

.... and then .... were you around when stock forums had stock promoters?

One famous one that posted in lowyat, i3 and had own blog is called Bone*****
of course recently ... telegrams....

but the game still remain the same....
seducing suckers to gobble up what they spit out....     

Siao siao if you google his full nick, it still appear on first page google result under star article.

Long time no see his posting. sure angpow is also another, every IPO is an angpow haha

Superman's Q coming, yes?

In the same context ...



and this is Kenanga last report on Superman...



the earnings estimation ....



Water observations

1. They use CY (calendar year) instead of FY. 

2. Their FY21 estimate is at 3.16 Billion

3. Their FY22 estimate shows a lower trend. Just like TopGlove.

4. Comparing their FY21 estimates with actual Superman numbers.

Their estimates is at 3.168 billion.

Superman did 789 million for its FY21 Q1.

Meaning to say, Kenanga assumes/estimates that Superman will report 3.168-0.789 ~ 2.379 million remaining 3 quarters. Average out = 793 million per quarter.

    Kenanga doesn't think much of Superman ....

( Haven't been paying attention but the bar is set very low... )

Well.. we got the billion dollar profit.

Yup, estimations realized. Nothing less than the magic B word.
Next on the list is SPMX share price to fall.

Huh. You wanted the bee and u got the B.

Now you want it to fall?!

LOL... Duunowhatmorehewant!
stillplayingwifmespider

Just referencing the running joke that every single billion profit QR the glove companies have announced, the share price drops the very next day.
The latest was Harta last week. So people have been calling it the Glove Jinx.

Let's see if SPMX becomes the first to break the jinx.

Okay... I won't say more.

Well, have a good weekend. Cheers!

MedElite23

If you are evaluating Scientex by any chance, huge amount of insider buying took place today. Otherwise can ignore this piece of news.