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Dividend, Bonus, Split & Consolidation Hints : Click here to modify the Visible Columns.![]() mita29 It looks like consolidation phase (after huge mark down phase). it's ok got shorties accompany us here. We buy to gain div, they short sell to pay div. 26/01/2021 12:38 PM drgondrong From my understanding, nobody cannot short when price is down. Kossan open at 4.40 it means the price is lower than yesterday closing price. Same situation as other glove counters. So no shorting can be done right? 26/01/2021 1:04 PM MoneyAndHoney Sinovac vaccine disappointing to Brazil, only 50.4% effective https://asia.nikkei.com/Spotlight/Coronavirus/Sinovac-vaccine-disappoints-at-50.4-efficacy-latest-Brazil-data 26/01/2021 1:19 PM ILoveGloves To those who hate gloves, do you know why klci-30 counters also now some have already rebounded to get positive result, the counters also faced very dip down many months since march last year before. Why some can rebound because of undervalued for so long. Why glove can't? Gloves faced big adjustment now as well for many months like klci-30 counters, yet now they are still make a lot of profit. Eventually they will show their value no doubt as a good thing with strong intrinsic value, don't worry nobody will discover it, many will come for it. I advice those anti-glove, if you don't like glove you can just go to the counters you like, don't make people lose their opportunity. 26/01/2021 2:10 PM casanwk That right nice discount of 50%, if u use fibo retr. Price finding support at tis level. Next step wait for reversal pattern- another bullush candlestick bar. And ride the B wave to 450 again! ;) 26/01/2021 2:26 PM GoodBoy RSS sold volumes for today from 9:00 am to 5:00 pm ... Kossan 0 shares, Hartalega 338,100 shares, SuperMax 141,300 shares, TopGlove 7,045,000 shares ... 26/01/2021 5:02 PM drgondrong Not bad. Gain the most yesterday, drop the least today. Closing up the valuation! 26/01/2021 5:10 PM MrGlover Thanks @GoodBoy. Think it's profit taking. We just need to be ready for the next spike. I'm staying invested. Can't wait to see their Q results and buy back starting :) 26/01/2021 5:27 PM MrGlover Wonder who bought the 563k shares at 4.50pm which caused it to close at 4.33. From 4.30pm looks like people snapping up again. 26/01/2021 5:31 PM GoodBoy We hv "7 Wonders Of Malaysia" ... TopGlove, Hartalega, SuperMax, Kossan, CarePlus, Confort n Ruberex ... The problem is, everyone keep wondering what is happening ... Revenue n profit keep increasing but price keep dropping ... hahaha ... 26/01/2021 5:43 PM Jesselivermore goodboy thats because the explosive results that we see now are already priced in and they expect 2022/2023 onwards the asp will drop significantly due to oversupply and lower demand. 26/01/2021 5:53 PM MrGlover @Jesselivermore Yes, that's why some folks thing but forgot that priced in stock price was when it peaked last year. So now, it's considered super under value :p 26/01/2021 5:59 PM TRYLUCK88 Cautious trading. Tomorrow will be a mix of ystd purchase due & newly joined group of MCO retailers. 26/01/2021 6:17 PM TRYLUCK88 Shorties need not buy back immediately to cover position as the interest cost to borrow is insignificant compared to the gain when market dropped due to external factors. Low dividend declared also does not harm them much. Market is too volatile. 26/01/2021 6:20 PM GoodBoy ASP might drop, but to expect that oversupply n lower demands is still arguable... We can't accept double standard in evaluating biz for gloves against other sectors... How can you value gloves biz beyond 2023, which is 4 years ahead of time? ... Other sectors valuation are based on yearly forecast only... 26/01/2021 6:25 PM MrGlover We see how it leads to Q announcement. Anyone knows exactly when? Is it first or second week of Feb? 26/01/2021 6:31 PM GoodBoy You may check with their previous year qr announcement date, normally will be around that time ... 26/01/2021 6:40 PM Brutus @MrGlover, they last announced it on 9th Nov, so if we just add 90 days, then we can expect it on 9th Feb 2021. 26/01/2021 6:52 PM Jesselivermore MrGlover, I agree. That's why i am here. Its like back to March guys. 26/01/2021 7:16 PM beginner It is too painful for shorties to cut loss, hence they rather keep the short open and continue attacking to bring down the price 26/01/2021 8:30 PM Ukga A very profitable sector for the foreseeable future. Should buy more just to enjoy the quarterly dividend payments when the share price is depressed. Cheers and stay safe. 26/01/2021 8:42 PM MrGlover @beginner The longer they keep open, the worse it is for them :p On TG, they already returned 20m shares. :) 26/01/2021 9:08 PM MrGlover @Jesselivermore At TG company announcement by Bursa https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3124550 26/01/2021 9:37 PM Jesselivermore saw this. but how do you know this is short sellers returning their shares? because epf is not acquiring from open market? 26/01/2021 9:44 PM MrGlover Is says SBL and EPF is acquiring. This was half of what EPF lend out previously. 26/01/2021 9:54 PM MrGlover Perhaps we retailers should team up and squeeze the shorties :) https://youtu.be/SyXdjl1NjZk 26/01/2021 10:43 PM ![]() ![]() | |