Cheers @Monetary. Let's just hope for the best in this shitty ass situation. I don't have enough to become filthy rich by buying the dip anyway LOL.

Well honestly speaking, I have buy orders queued as well to average down. Just that it did not hit my target price today. But I don't feel good asking people to just buy. More sanctions will be announced tomorrow, and we don't really know how the market will react to it.

We can only hope that the West don't escalate the situation with even more military involvement, there has got to be some way to solve this diplomatically with Russia.

@Monetary I don't disagree with your analysis. But the war just started, and we do not know how far it will go. It could end by the end of the week, next month, or years. The dumping caused by covid ended in more or less a month, but other sell-offs in the history do not always ends with a consistent timing, nor will we know when this will end. Just don't get too reckless and all in on something when investing.

War creates uncertainty and panic. Has nothing to do with technology or not, some investors choose to flee to "safety" with lower risk investments or straight up just keeping cash for now.

Guys, Malaysia's tech stock is closely tied to Nasdaq movement. And the Russia-Ukraine tension is causing steep fall in US market. I'm holding some at 6.5 average, but please be cautious on buying the dip too early (invest only with money that you can afford to lock-in for multiple years/afford to lose).

Thanks a lot @Observatory! Every single one of your comments has been helpful the past 2 days and opened my eyes to new stuff. Appreciate it!

Thanks for the reminder and great analysis @Observatory. I was totally in the impression that cukai makmur will be on FY2023 which consists of 9 months in CY2022. No wonder Harta's price got f over during that announcement, should've spent more time researching.

@bang_miskin completely agree with the trading remark on glove counters. I personally choose not to trade. I don't need the money that I can get from selling, so I hold believing better times will come when people get out of this roller coaster sentiment.

To others that could be reading on those "promoters" comments, dont buy/sell stocks without doing your own research.

The price fluctuated between RM5 - RM6 - RM7 several times in just the past 6 months alone, if you are so good at trading, you should've been able to make money by buying low and selling high.

I'm not confident in my ability to trade and predict prices, so I don't trade. I'm confident in the company's prospect 3-5 years down the road, and I don't need to cash out the money I've invested, so I hold.

I will only sell if my emergency funds suddenly became insufficient or if I stop believing in the company.

Invest maturely, everything else are noises.

Just believe in the management, they know what they are doing, short term share prices are just noises for the long term goals. If you only see negativity in the glove sector moving forward, then this counter may not be for you. For me, while pandemic may swing short term share prices for abnormal gains, minus the pandemic doesn't mean the company is shit. They have been growing steadily and the management said they can observe more future growth in glove demand.

Whatever negative things that we can see, the management can see too. So it is whether you believe in their ability to navigate it. From what I observe so far, they are still doing better than their peers, and even outperforming some other industries, so I believe them. :)

I can't afford to buy more without feeling risky, so going to just hold and wait. Dont't sell at low price = don't contribute to falling price. The trading price is just an indication of willing buyer and seller that are trading now.

Today is one of the days where you don't look at bursa if you don't have spare cash to shop. Tech stocks be going on heavy discounts.

@bang_miskin guess I'll see you around here for a long time :)

@Natsuko For once, I actually hope what you say can become true, the earlier the better. Sick of this covid shit and uncertainties in when we'll get lockdowns.

Well people can choose what they believe, but I do not trust China's declared covid numbers, till today.

Patiently waiting for next Harta QR :)

Jovane, I feel sad for you reading your comment history. Hope you learn to be a wiser investor and not to gamble in the share market. Calling 5.99 the bottom 3 months ago and go all in is overconfidence, calling that the share price will drop to rm4 and stay there for more than 3 years is also overly certain on an uncertain future. Good luck.

Hopefully the slow climb comes with better support during correction.

@looiting you didn't buy enough just 2 weeks ago? or you sold too quickly once it hit rm5.5?

lols creating a new account just to share old negative news, how creative of you.

I do own Harta and I do recommend buying Harta at <RM6 regardless of any new variant (not financial advice). Just a bit icky about sharing unconfirmed "news" - this generally leads to people believing things from unofficial sources which are harmful most of the time.

There's nothing official on this "Delmicron" variant right? Let's not spread unnecessary rumors until it is confirmed.

Prudentinv clearly does not have any audit experience nor a full picture on how a financial audit actually works.

When a company is sueing 2 out of 4 of the big 4 firms, and neither of the other 2 wants anything to do with it, it is a clear sign of trouble.

@bang_miskin

Lesson learnt for me to save more money aside in the future. Never know when opportunities like this will come. I thought October was bad and it is a good time to enter, who knew December would be so much worse.

LOL legendary pokemon Natsuko appear again, only appear when there's sign of red. Sole existence is to accumulate bad karma.

Omicron is here, and people are not taking it seriously. All evidence shows transmission speed that's unprecedented, yet people take comfort in the fact that the effect are less severe. Even if it is less severe, just by the sheer amount of people getting infected through lack of proper SOP, the low % of severe-ness * high population of infection will still result in high hospitalisation rate.

Which country wakes up first to take appropriate measures will be the country that suffer the least eventually.

Let's hope Malaysian take of Omicron seriously so that we don't get another eventual lockdown like the rest of the world...

Yeah people are playing down Omicron way too much imo. Even if it is less severe than delta or other variant, why be complacent and get infected for no reason? Just stay safe and follow sop guys...

Got to agree with Goody99, not making any gambles now. Not selling, neither am I buying more at the moment.

Market is so depressed today. Better stop looking.

@Anxious if you believe in your research and also the management, then let's ride this out with them, unless they also show signs that they can't deal with the risks and uncertainty.

For now, I still believe that the company is sufficiently prudent to be able to fight with its competition comfortably. Share price may not reflect company performance, as a company's price can stay overvalued/undervalued for a long long time.

I don't want to regret later for not believing in the management, so I'm holding on for now, regardless of the share price.

@Natsuko LOL, what's your goal here?

I don't have much, but still holding. :) Sometimes, just got to take a deep breath and don't make rash decisions.

Guys, we never know what will happen in the future. While all the risks discussed are real, they are just risks and uncertainty. It depends on how much you believe in the company's ability to navigate through these risks. I have faith in my decision.

Let's see how things go a couple years from now. I can afford this mistake even if I'm wrong. :)

LOL at all these people pursuading people to sell. I did my research and I've invested with money I can afford to lose, I'm holding. :)

That resilience may or may not reflect in short term share price. Hang in there fellow investors.

@Anxious, good to keep updated, but try not to get emotional over it. It can be fun to see people overreacting to every price movement.

@Natsuko

"Glove stock really like gambling counter dataprp now , very high risk , u dont know what will happen next 5 minutes , very unstable , not for long term holder !"

Well this statement is opposite of the truth. Short term volatility is not a risk for long term holder. Just a risk for day trader like you (just a guess, not judging).

@Natsuko well there's no way that any of us can be sure. It depends on how much the earnings drop from here, I just have faith that the society's health consciousness would not decrease from here. So, let's see what will happen. :)

Yeah this slow bleed could be expected in absence of new scary news for Omicron. Many short term "investor" flocked in betting on glove rally for Omicron and this dip is slowly shaking them out. Would be good if we close the year at this price range ~5.8 - 6.0.

Consistent dividend collection over the next 5 - 10 years alone could recover the entire investment cost, not even considering growth opportunities yet.

@Sean where did you read about bonus issue?

Well that was a short ride, on the way back to the reds in my portfolio. Still have faith in the company long term, so just ride it out. :)

Ignore the trolls. They will be nowhere to be seen when things gets better.

Doubt we will see another rally in absence of new breaking findings for Omicron. We may see more downward trend from traders looking to exit.

@bang_miskin my guess will be that people who are in for Omicron has settled down. Have to wait and see if its impact is greater or lesser than expected.

Cheers Sheldon - I happen to own a few shares where EPF trades in, so I see these disclosures every day. It also doesn't help that i3 chose to only not bold the transaction date.

Guys, EPF's trades disclosed are trades from last week. Please read the full announcement.

@bang_miskin is right, in for the long haul. I did not think that RM6.8-7 Harta was overvalued, hence I did not sell any portions yesterday. Let's see where this goes from here.

Hope no one here paper-handed and got burned. Don't play with money you can't afford to lose man.

@Jolynce Yeah, that peak at 7.01 came out of nowhere.