Showtime!

Yup... everything gets sucked right in..... but it should be good for you, no?

It 'should' be ok kua... my 3 sen guess ....

anyway, I feel that the market is paying for its 4th Aug exuberance where stocks were going limit up right, left and center ..... 

YES... that is so true... sentiments is important.

However, take a step back... dont we need to ask what's causing the bullish sentiments?

Isn't the fact that glove makers are making obscene amount of money?

And with it... comes the higher and higher target prices set by these scientists?

So for TG... for the stock to push say 35 or 40 levels.. wouldn't it require a brand new catalyst to give the stock the oomph?

For me... it's simple. A big, big number is required from TG.

This is what will create an insane bullish market sentiment and push it to beyond 50 bucks... yup, show me 2 billion profit for Q4.

Ahhh... I was lucky enough to be given some of the notes when our tech rally of MPI and Unisem. That was 2000. Not sure where I put it but to think of it.. it's pretty the same as TG and SM. MPI went up to 60s if iam not mistaken. The balance sheet was far superior too. Clean no debts. But when it collapsed back to 10 plus, the stock pe wasn't high. What was circled for me, was PE cannot be trusted. Lol. No joke. Anyway, the notes told me earnings growth or decline is more decisive. In MPI, when the earnings declined, the stock just got whacked until mummy also cannot recognise. Plus the global crash in tech at that time did not help.

Anyway, back to gloves. Declining earnings is something to dread about. Yes, if in the future, if earnings fall back to just 700m per quarter, I feel the first reaction is declining earnings, which means the stock will face correction pressure.

Loved such setups ...





probably a decent time to consider selling for a profit .... 

lol ... this time... it's different .... unlike UWC.

remember UWC ?... guess what?  same breakout la....

if I was aware of UWC .... I would have bought..... and probably would still be sitting on the trade.
anyway .... it's not bad an idea to sell for a profit (either today or tomorrow) cos clearly such vertical movement is unsustainable....   

What I liked about it ... was what was written in the notes.... company operated at only half capacity but yet delivered pretty good numbers....
and the b/s looks good too.

and the charts... I noted ... or imo ... the chart was actually have a decent uptrend .... it consolidated in Feb after the earnings (perhaps the market was expecting much more) ..... but then C19 March correction hit ..... which brought the stock tumbling down.... if I was aware of the stock... I would have gone in big on this fella.

May i know what is b/s yea? Tagging ChAOoz in case Boon miss this post and if you happen to know what is b/s.

Thanks in advance.

Chart of the day....

USD to MYR ....


loans in USD 
sales in USD 

Better post something else this thread gets .... err .... quarantined....   

Someone just shafted CIMB leng chai report on TG ....


that rather says it all for me............

Dunno how to play at the moment.....     

I still have no idea what you folks are talking about....

Like I said... I don't follow what he farts...

Well... every single time.... nothing good happens.

So this time, what's the story? Last I know, his 100 price for Top Glove......

Went Sunday morning. Got some time to talk some ayam.

Ok, my main focus always is making good trade on a good setup. There's got to be a plan.
I would rather lose a well planned trade then simply trade and win...

This was Top Glove chart on the 9th.



As noted several days b4, I mentioned the point that 'top top' for TG... ie Double Top was formed....
and there we were on the 9th... TG is right where the neckline is for Double Top.... and most of all, it was already trading with the uptrend channel being breached... and technically the stock was already weak since the correction in July (yes, it did reached a new high after the correction but the signs were there (via the lower traded volume) that the big boys weren't interested in participating in the rally at THAT point (do they not believe the stock go could much higher?) ....and most important, the down days kept on increasing... the clearest sign that the rally doesn't have legs no more... it needs a good correction.

and oh.... the volume.... the volume looked better on the 8th and 9th.... (increase volume on down days?  ) .... but the one thing that needs to be mentioned is..... we need to remember that TG is now 3 times bigger.    so whatever volume we see now.... we need to remember that TG is now a stock which is 3 times bigger!

That was where we were on the 9th...

So clearly, it wouldn't be good trade in my books to go in on the 10th... and when I saw the message.... it was starting to trade below the neckline already....

the thing I asked...

Aren't I clearly betting against the market? If the stock decline started gathering momentum, do I even know where the exit door is? ( yeah... I could guess where the so called support is (hate such trading) or I could use % as my cut loss ... but nah, I fancied neither... )

and yeah.... what's the catalyst to enter the trade? Catch the rebound? Nah....

Everything else.... still the same for me. There's nothing new! Still waiting for TG to show me their big earnings... which is at least 1.5 B for the coming quarter...
Any earnings else is technically very, very good but we need to remember... it's already as expected by the market.... which is a joke really. TG could report 1 billion in profits.... which will be very, very good ...... 1 billion profit wo.... but then..... those marker scientist had already spoiled it lo cos such profit numbers was already as expected......

So I really dunno how to trade TG on the 10th.... and so TG closed on the 10th like this...


and btw the buyback is reckless....
But for now... nobody will care .... cos the stock rebounded nicely.... dragging the whole market up....