ringgit at 4.2041

ringgit at 4.1935. Forex gain is actually only a small part of earnings growth for glove producers but it does affect sentiment. Looks possibly like a good day today for exporters.

After a big rally recently, Dow was down just 40pts last night. The Ringgit is more stable this morning at 4.1880. With the more stable macro picture, I am hopeful that Supermax can continue to rebound today. The buying interest is very steady and once the selling pressure eases, Supermax can rebound fast again. Hope for the best!

sure, sure. Wasn't trying to change his mind. Just offered my opinion only for the sake of discussion only. He could be right too.

weng77, I think you should have stayed in Supermax instead. There seem to be strong buying support for Supermax suggesting it could go higher soon. Top Glove is a good stock too but there is a lot of selling pressure, not sure why. Anyway, that is just my opinion, could be wrong. All the best to your trades in Top Glove.

eason10, don't go and kacau him. Soon he say you dreaming.

Supermax really No 1, can still close unchanged. The buying support is very clear and I suspect it is because coming results going to be good. Hope for the best!

Kossan and Top Glove under heavy selling pressure. Today if Supermax can hold up well, it would be good already. Once ringgit stabilizes, then it can continue to rally. Buying interest in the stock still strong.

eason10, lets stay chill. It is a free world. We concentrate on helping each other and making money. Be happy!

Ah, the bears are back. You don't have to look at the screen, when these group of people come back to the forum you know Supermax not doing so well. However, they disappear when stock rebound but they say they are always right. Quite funny. Hehe

Wah, so quiet on this forum today. Is it time to go punt Oil & Gas instead? hehe

Ok can understand that but won't you be chasing stocks all the time? Can make money that way?

ruby828, what is the advantage of day trading? Can make faster money? Don't believe in longer term? Interested to understand.

Aiyoh, stock price move up and down throughout the day. Don't sweat the small stuff.

Too much focus on the ringgit. Gloves stocks also benefit from increased global demand for gloves, new capacity, higher plant efficiency and lower latex prices. On the macro side, global markets finding short term bottom - that is a very positive factor on all stocks. Stocks that have fallen a lot may rebound fast.

Glove stocks holding up well. Good sign. Global markets finding short term bottom, this may be even more important factor than the impact ringgit on glove stocks. Keep eye on big picture.

Today if can hold up well also good enough. Build base for a strong run up ahead of results. On the macro side, just need ringgit to stabilize, no need to weaken even.

Global markets finding short term bottom - that is a very positive thing.

Lets not worry too much about ringgit. Glove stocks are not about forex alone. Global demand for gloves improving, glove stocks expanding capacity, latex prices low, higher plant efficiency etc etc. Not many other sectors on Bursa going to report strong operating profit growth this year.

Aiyoyo, ringgit so strong overnight. I don't think oil prices will stay up for long too but the wild swings in the ringgit again won't be good for sentiment on exporters. However, global markets appear to be finding a short term bottom and that is a good thing as it will allow investors to focus back on fundamentals. Lets see how Supermax do this morning. Hope for the best!

High Five! You guys are great! hehe

Actually as long as ringgit quite stable should be good enough. Recently the swings in global markets and commodities too wide, make investors go risk off.

can't reach 3.15 today, nevermind, come back and fight again tomorrow. Hehe

High Five!

3.11

ringgit at 4.2210. Maybe that will help sentiment.

3.10 again. Will it break this time?

Big fight at 3.08 - 3.09 currently, if can break 3.10 it would be a great signal.

3.15? Wah, you very optimistic buy I hope you are right. Hehe

Don't sweat the one sen, two sen. We are here for the big fish.

Fundamentals of Supermax not an issue but global macro trends not very positive, that is my main concern. These few days global markets more stable, hope it stays that way.

We are not here for the one sen, two sen. Keep eye on the big picture.

If you bought on the way down recently then you can sit back and relax. If you wanted to time it exactly by waiting at 2.60 or below before buying, then you might have missed the boat. Keep eye on the big picture.

After last night sharp fall, ringgit opened this morning slightly weaker again at 4.2102. Not sure direction, can be volatile.

Yes true, so instead of maybe 38% earnings growth, maybe we get only 35% growth. Keep eye on big picture.

Foreign levy small issue - even if employers have to pay all it will only reduce earnings by 2% - 3%. Keep eye on big picture.

Strong stock fundamentals + macro trends positive short term = another good day for Supermax I think. Hope no one waited for 2.60 to buy. Keep eye on big picture guys.

Harta reported very good results yesterday. Last night, Dow up +222, ringgit weakened to 4.2063. I think gloves will have a good day today. Hope for the best!

Harta reported very good results yesterday. Last night, Dow up +222, ringgit weakened to 4.2063. I think Supermax is going to have another good day today. Hope for the best!

Keep eye on the macro trends, they are the main driver of markets currently. Markets looking for a short term bottom. Exports stocks could rebound fast.

Look at Harta results! The fundamentals of the glove sector is strong and is not just about forex gain. Macro trends also improving and global markets trying to find a bottom. Gloves stocks with good valuation like Top Glove and Supermax could rebound fast.

Hope everyone has been buying slowly after the share price fell sharply recently. Try to time it too much and you might miss the boat, not worth it. With likely good results soon and with more stable macro trends, Supermax may rebound fast.

Supermax closed at 3.03. up +6%. High Five!. The convincing close above 3.00 is a good signal and together with the better macro picture, hopefully the positive momentum will continue tomorrow. Those who have been buying slowly on the way down can now sit back and let the stock price do all the hard work from here. Those more aggressive may even want to average up by buying a bit more. Keep eye on big picture, have conviction in a good stock and hope for the best!

Big volume to sell at 3.00. Now buyers trying to break through. If can break through will be good signal.

Touched 3.00, see if can sustain. Hope for the best!

Steady buying but there is some serious selling at 2.97 and 2.98. Need to exhaust these selling before price can rebound beyond 3.00. Macro picture has improved and global markets looking to find a near term bottom.

Macro trends look better in near term. Nikkei up again today and China up too. Markets trying to find a bottom for now. With markets more stable, good stocks such as Supermax may rebound fast. Keep eye on the big picture, have patience and hope for the best!

I noticed the recent new structure warrants, many listed at too high a price, now slowly going back to fair value. Even when trading, must keep eye on valuation too.

Macro trends seem to be more stable today, not sure how long it will last, but we could see more stocks rebound. Continue to slowly buy Supermax which will report earnings soon.

Recently people were selling into rallies, usually a very negative market signal. The markets have fallen sharply since then. The markets are now trying to find a bottom. Central banks may try to help with negative interest rates, more QE etc etc. If markets stabilize, then good stocks such as Supermax may rebound sharply. Don't try to time the one sen, two sen. Good idea to continue to buy slowly at current levels. Hope for the best!