Operator doing huge selling, this usually result in free fall. Be careful catching falling knife

Guys guyss, no point argueing the share price is going up or going down. In the long run, this price is very low for supermax. So if u like it, then buy, if u dont then just keep quiet and watch the show.

Most importantly is holding power, if u are buying glove. Just buy and hold for a month, it will definitely give u better returns than the FD in the bank.

Be patience, hope all can earn money steadily. Cheers

Seems like operator trying to press the price down again. Hold if your entry price is low, sell if you just enter, because it can most possibly go lower than 3.30 today.

Its a healthy phase of correction, expected.

Coming from a neutral standpoint, why are so many post/comments being removed?

I suspect those are the guys shouting to sell, but hey, I don’t think it is fair to remove those comments, because sometimes they are giving factual comments.

If negative comments can get banned, then the people who is shouting buy buy and up up, should be removed from forum also?

Just sharing thoughts, tho, my comment here might get removed if the person reporting other doesnt like my post here.

Today is T+2 for the last green days on Monday, contra players all flushed out, tomorrow and Friday should have some positivity.

Unlike other bigger glove companies like Topglove and Supermax, Careplus doesn’t have Structured warrants so it will not be affected too much by IB manipulation, so it should be relatively stable at this price point now.

I might be wrong and I believe all of us here is only speculating, we never know how the market reacts, but thats just my 2 cents. Have a great day investing y’all.

I don’t think careplus QR is today, should be in October, please give solid evidence or don’t spread misleading news , thank you.

Downtrend will probably last for a week, if you can hold then hold. If you can’t hold, better cut loss as it might actually go lower.

This is a punishment for contra players for buying in alot and hyping up the market.

Remember, it is healthy for a stock to go up, but not too fast. If it goes up too fast, meaning many contra players, hence many will get trap inside.

My advice for new investor is, don’t buy first, come back 2 days then you might get even lower price.

Downtrend will probably last for a week, if you can hold then hold. If you can’t hold, better cut loss as it might actually go lower.

This is a punishment for contra players for buying in alot and hyping up the market.

Remember, it is healthy for a stock to go up, but not too fast. If it goes up too fast, meaning many contra players, hence many will get trap inside.

My advice for new investor is, don’t buy first, come back 2 days then you might get even lower price.

Downtrend will probably last for a week, if you can hold then hold. If you can’t hold, better cut loss as it might actually go lower.

This is a punishment for contra players for buying in alot and hyping up the market.

Remember, it is healthy for a stock to go up, but not too fast. If it goes up too fast, meaning many contra players, hence many will get trap inside.

My advice for new investor is, don’t buy first, come back 2 days then you might get even lower price.

Downtrend will probably last for a week, if you can hold then hold. If you can’t hold, better cut loss as it might actually go lower.

This is a punishment for contra players for buying in alot and hyping up the market.

Remember, it is healthy for a stock to go up, but not too fast. If it goes up too fast, meaning many contra players, hence many will get trap inside.

My advice for new investor is, don’t buy first, come back 2 days then you might get even lower price.

Very attractive to buy now, but seems like operator wants to press another round tomorrow and thursday. Suspect Friday will slowly recover. We’ll see tmr

Post removed.Why?

Reposting since my message got burried...

Guys please help me out, just wanna be rational in the hype.

Dividend per share is 0.085 for a quarter. TopGlove gives 2 dividend per financial year.

Lets be safe and estimate next dividend is 0.1.

0.1+ 0.085 = RM0.185 dividend per share, for the whole financial year.

Current share price is 8.71, which means currently it only yields (0.185/8.71 = 0.02), which is 2 % dividend yield.

To me, the dividend seems to be lower yield than expected. Someone please correct me if I'm wrong.

Just sharing my opinion rationally, this kind of pattern, it will be more likely to end up red for TG today. Because big fund throwing ticket to manipulate market, retailer won't have enough power to push up. And many people will be scared and sell. Sad day, sell on news is the norm in Malaysia market.

I will hold until next month, unless if it really break my support of 8.10 and I will exit and reenter later.

Up la ... don't be shy ...

If break 8.10, my personal support analysis, I will sell all take profit and look for reentry. Big funds throwing big lots, mcb ....

Haih sien.... everyone asking others to collect now, but share price keep on dropping...... wtf

Haih ... I learnt something today, we retailers never beats big fund. Those funds have been collecting at 0.65, now all sell to take profit, we all retailer stupid missing out all profits.

Wah gg market, I go to sleep now.... big funds wanna kill many retailers again.

Big funds throwing huge .... but retailers defending and buying in

Wow, this must be very weird, I suspect big funds are throwing out and trap retail investors... dirty ...

wtf..... red...

Gg..... good result also drop.. market got real problem.

Wow..... seems like crashing.. I will queue 7.5 big lots, lets see if can sapu somemore.

Walao... good profit all sell... gg malaysia market. Better look at Singapore and Hong Kong ...

TOP 8.63 .... massive sell on news like supermax again?? Wth.....

Damm.. all sell on news.... don't like that leh .......

Guys please help me out, just wanna be rational in the hype.

Dividend per share is 0.085 for a quarter. TopGlove gives 2 dividend per financial year.

Lets be safe and estimate next dividend is 0.1.

0.1+ 0.085 = RM0.185 dividend per share, for the whole financial year.

Current share price is 8.71, which means currently it only yields (0.185/8.71 = 0.02), which is 2 % dividend yield.

To me, the dividend seems to be lower yield than expected. Someone please correct me if I'm wrong.

I'm holding TG shares, and I'm happy for the great result.

But I can see many people that hasn't buy the share or just sold the shares will be chasing high chasing green later. I hope today will end peacefully, hope no people get burn from the panic buy attitude later. Market share price doesn't always react to positive news nowadays it seems.

I hope there is a chance to drop below 8 again, I'll go big to collect this round, hahaa

When quarter earning is out, retailer will be scared because of Supermax incident in August whereby share price drop after quarter earnings.

But, this round I believe it will be different, retailer will run, big institution will be waiting there to collect. We'll see :)

Hold and enjoy the ride :) This counter will be gradually growing for the next few months, don't need to care about the fluctuation. Hope everyone don't make loss in glove counter, it will be a shame.

Buy within your capacity and hold, profit will be on your way, for sure. Cheers.

Caught some at very low price TG yesterday. But honestly speaking, world market sentiment still bad, I don't want to spoil the hype here everyone saying huat going up going up. For today's trade, I think TG will still close below RM7 (many profit taker). So if people panic buy, scare of missing boat, just be rational. Anyhow, it is a good buy in long term, if you dont mind buying abit more expensive.

There were signs of large institution throwing this noon at 12pm, I highlighted it already, the counter still have hope, but we need to be patience, it might still drop abit further. Haihz....

Haih... I really wish I was wrong about the bear trap ...

As mentioned earlier when many people are rushing to buy 7.30 Topglove stock. It is very very dangerous to swim against the wave. Monitor overall market sentiment, and invest when the time and market is on your side.

One thing I personally keep forgetting is that many many people buy in topglove stock at a very low price. So people are happy to just cashed out and liquidify their investment for now, looking at the bear market. Just sharing opinion.

@ngs98, yea a solid fundamental company. But sadly I notice bursa stocks don't really react immediately to fundamental. The key word is "reacting immediately". There will some unnecessary bull and correction along the way. But really hope it will go back to the trend that it should be soon.

@dreamcommander, why are you so aggressive against other? I'm just sharing my point of view thats all.

I speak with observation on the market movement and sentiment, just sharing, if you are not happy, why be so aggressive to others?

I'm a Topglove holder too, I know you are too. I really wish that topglove can rebound too, but now I still believe it will need awhile before it can have a real rebound. If you see yesterday 4pm, a technical rebound and everyone was shouting time to enter, and look at what happen to them ...

Just sharing observation and hopefully we investor won't get trap or got caught buying high becoz of these day traders game.

ps: look at how the market is right now, 7.23 now. Just now when I said be careful buying at 7.30. Make your own judgement and have less hate. Peace :)

@Ongme88, most probably day traders, they sell heavily after rising 10 sen (10 ticks), thin profit taking nowadays. But when the buying pressure decrease, it will reverse back trend and drop even lower ... sad to see ..

Same pattern in downtrend market. There will be a surge of confidence of buying, and everyone rushed in hoping not to miss the rebound. But be aware, whether it is a real rebound, because if not, those contra players and day traders will eat you up and selling tons of share when you buy in.

We seen that very much in yesterday market. Lets hope for the best today.

We will see people chasing high to buy in now, this kind of scenario is similar to yesterday, fake rebound leading more people being trap.

Think twice and be very careful.

@yu, I kinda agree, operator and big funds have been collected the shares long long time ago, even if they sell all take profit all now, they still making huge money.

We might needa wait them to come back in to save the market at the moment. Retailers many already given up and weak to push the price.

I personally do hold Topglove stock, huge amount, it is indeed very sad to see it fall so much.

It is very misleading that people say ignore the market sentiment and just hold tight for it to rebound. I guess the most optimum way is avoid huge drop and top up back when it come back uptrend.

Looking at the situation now, with huge fund exiting at 7.2 price point, I think I will liquidate at least half of my position and reenter when it is lower to around 7.0, and possibly 6.90.

Overall, glove counters are still strong in fundamentals, it's just timing, not a good week for healthcare and many industries in general. Cash out and hold tight, and look for reentry. Just sharing opinion.

Most important is to monitor the big fund flows, if big fund come in, then price goes up and sustain there. But seems like at 12pm there was a large fund went out ... ganna pray hard now ..

I monitor the price fluctuation and chart closely, with the market sentiment like this... and RM11 million value of 7.20 being sold off within a minute ... ermmm I think hitting 7.0 after lunch is quite possible today ... another sad day indeed.

1.6mil queue at 7.2 Topglove support line, but vaporised within a minute? That is 11.52 million of sell.... wow...

7 million ringgit selling done in almost 1 minute to vaporise the support line at 7.2, wow.... huge fund out ....

Oh wait, I take back my words, 7.2 support line broken, downward pressure huge now, oh shit ....

Today average price is around 7.28 to 7.3, at least for the morning session. So basically buying anywhere below might be relatively safe, at least for today.

There is a huge buying power at 7.2 range, and huge selling pressure after 7.35. So most probably it might fluctuate in between. Just my opinion.

Slow and low volume upward might seems to be a fake upwards, because no huge funds in yet, probably contra or day trader in and out for thin profit thats all, we'll wait for a better tomorrow.

Haih.. no force push upward, I hope it's not another fake rebound.. sad