Hopefully it stays above RM6.00. That would be a good sign, I think.

Also, should know what EPF has been doing the last few days. Up to Oct 8, seems to hv been selling.

Previously when Quarterly Results good also the price went down. Can you imagine if its bad. The next 2 weeks going to be full of suspense. Best case scenario is whoever is buying pushes price up to RM7.00 before QR and we get a better than expected QR to bump the price up above RM7.50. That would be fantastic but doubt if the short sellers and IBs will allow that.

Ya, Maybank , Public Bank all hardly move.

But even early this year Harta could move like 50 sen a day. However I am not interested in short term trading anymore. I just cant stomach it.

Last year I bought Shell at an average price of 10 Pounds by , then tried to trade but it went up after the vaccines came out. Luckily I managed to get back in at 11 pounds. I have since kept it and have been enjoying dividends at about 4% + pa. Its now gone up to 17 pounds plus. My TP is 22 pounds and there is a possibility it may get there next year. I may then exit Shell. Hopefully the profit there will cushion my losses in Harta.

Bang Miskin, hopefully the worst is over. It would be great if it stabilizes around RM6.00 and then slowly moves upwards. I am realistic that the best it could do this year is probably about RM7.50 but if we continue to get decent dividends, I am happy with that. Although Im cognisant that it may suddenly nose dive towards RM5.00 as anything is possible.

A lot of negatively came about due to possible increased supply from China but with its energy crisis they may now rethink that strategy as it more be better to allocate such resources elsewhere instead of low margin products like gloves, especially with ASPs continuing to drop.

Lets just hope for the best.

Thanks everyone for your comments. I feel much better after reading them.

I am a novice. Never bought any shares prior to 2020. Only saved in FD, ASM , PRS etc.

During the 2008/09 crash, I didnt hv spare cash to invest and missed it. I then told myself will do so in the next crash.

In March 2020 when markets tumbled, I didnt even have a brokerage account. With the MCO and all it took me 1 month to open my account with Hong Leong.

I then started buying shares overseas. Bought HSBC, Apple , Shell, Alibaba etc. Except Alibabab, made money on the rest.

In January I bought Harta and Top Glove when it dropped and did a quick trade and made RM30k in a week plus.

Got excited and started buying gloves. I now only have Harta. rest sold with small loss. Kept averaging down until a got stuck at an average price of RM9.

Thats my story guys. Harta was not meant to be a long term buy but just got stuck due to inexperience.

Thanks Bang Miskin. Initially went I bought Harta, I wasnt planning to keep it for long term. Was only thinking of 1 year or so. Didnt expect the price to crash like this esp with all the rosy picture and TPs painted by investment banks. Now not much choice really.

It's really sad. But what to do. U either get out or just forget about it . I guess for me the last opportunity to exit would have been at RM6.00 but I wasn't willing to stomach so much of losses. So I am now stuck for the long haul. Only option/consideration is at what level to top up as I still believe that this is fundamentally a good company and will weather the storm.

Today wasnt a good day. Was hoping it stayed above RM6.00. The rest of October should be an interesting month to watch.

Well if it really goes to below RM5.00, I may need to serious consider doubling down and bring my average price down to RM7.00 which would be a decent recovery price once the uncertainties go away.

This is a solid Company with very good management which makes billions in profit.

If it was above RM5.00 pre pandemic, it would certainly be a bargain below RM5.00 post pandemic.

Whilst I hope that doesnt happen, I am not selling but will be adding if it does.

Hopefully Harta continues to reward its loyal shareholders with decent dividends.

Just received dividend payment notification by email. The only consolation.

Volume very thin isnt it?

Better than the last few weeks when it was consistently going down. the trend seems to suggest there is strong buying activity at this levels where someone is mopping up what little that is being sold?

Good sign? God only knows.

I made the same mistake. In my case a similar percentage of my portfolio is in Harta. Luckily I got out of Supermax and Top Glove with minimal loss but put that money in Harta instead, averaging down. Was blinded by the quarterly profits and all the analyst TPs. The only saving grace is that the raminder of my portfolio is doing ok so I can sit this out. But I doubt it's going back to RM9+ anytime soon. RM7.50 maybe. But too risky to double down. Since I am not selling, will waut and see what happens when next quarterly results come out end Oct/early Nov.

Initially I was thinking of topping up at 6.00 to bring my average price down from 9.00 to 8.50, then when the price dropped to RM5.50 I got cold feet. Thinking of it now, even if I averaged down to RM8.50, I'd still be stuck for some time. However if I doubled down at RM6.00, my average would go down to RM7.50 and a bounce back to those levels once the clouds of uncertainty clears may be more likely. Only if I had a crystal ball.

But it feels so fragile that one jolt to the global markets may see this "support" broken.

Thanks Bang Miskin. Sentiment doesnt look good but there again is buying activity at around RM6.00. I cant read charts yet but does this signal some kind of support level at RM6.00.

Aiyoh, I'm so sorry. I didnt notice that. A thousand apologies. What a boo boo on my part.

Sorry if I offended you, Mr IdleMonkey66. No disrespect intended.

I thought were are all here to share information. Without formalities of please and thank yous.

I honestly don't think I had been disrespectful to anyone in my last 12 posts. Just shared my opinion and asked for some.

As such it would be enlightening to know in which way i was disrespectful, so i don't inadvertently repeat myself. Thank you.

IdleMonkey, how do we use this information?

I also dont understand EPF's transactions, it keeps buying and selling?

Things should look better next year with more certainty on the supply side and ASPs.

Well said Bang Miskin.

I’ll certainly consider consider averaging down or even doubling down if it ever dips below RM5.00.

At these levels I’ll just wait and see.

Hopefully not though. In my thinking RM5.00 could be tested if there is a market crash between now and early next year.

By that I mean something like a 20% or more drop in the S&P 500, which will send shock waves across the world.

Otherwise bw RM5 to RM6 may be the probable range for the remainder of the year. If we are lucky it stays above RM6 but I’m not too optimistic about that.

Idle Monkey, whats 52,398,406? is that the RSS?

What concerns most of us is the thought of it going below RM5.00 , which may be possible this year purely on sentiment.

This years low was RM5.44.

Addy, that's only paper loss unless you sell.

That coupled with Budget 2022. What a month it's going to be.

Yes, just checked. Historically it's end Oct early Nov. Oh boy!

So fast?

2 to 3 years is OK , I guess. Still gives me better returns than FD. Almost everything looks too expensive to me. so i guess just have to sit out patiently as the Company itself is still on strong foundation. it's just the sentiment isn't.

Hopefully you are right. It has been really painful to see the price drop especially over the past few months. Hopefully it stabilizes at about RM6+ and then move up slowly from there whilst we collect the dividends.

I don't expect it to go above RM9.00 (which btw is my average price) anytime soon but if the company continues to pay decent dividends, then RM6.00 plus isn't too bad. anyone buying at this price is getting it at a bargain.

If we are lucky, it may even hit RM7.50 to RM8.00 ( maybe wishful thinking on my part) within 12 months if all this uncertainty regarding supply, demand and ASPs go away.

So Bang Miskin, I do hope the worst is over, at least for now.

Hi everyone. I have been following this forum thread for some time and have decided to participate.

I also have the same question as Bang Miskin which is who is buying? I've noticed this trend over the past few days already.

Someone seems to be picking up at around the current price.

I wonder if its a prelude to something?