another wall at 6.75

RSS coming already. building walls. managed to get their attention already.

The queue numbers all start with 444.....die you bankers.

Not just RSS that push down the price. The IBs who issued warrants too are doing it to cover back their warrants.

the fact that the price peak to 7.12 this morning is a testament of how the retailers can work together. Such price has not been seen since mid November.

what s the RSS volume now? If there is no RSS volume, that would mean retailers vs retailers. Not really IB.

short squeeze wont happen with Top Glove as the cap for RSS is 4%. There are still many free float of shares for the shorties to buy back and close their position.

shorties no bullet, buyers also no bullets. all resting after 3 days of non stop battles.

today shorting won all the way. cant compete at all.

Still fighting non stop between 6.23 to 6.25

shorting is aggressive today.

so many headless chicken kept chasing around on news.

Shorting still not given up. Cont to short so much. Almost 4% limit

I ll give JP Morgan RM5 and willing to buy 10 biji from them. Please sell to me. Offer u a premium of RM1.50. You shold be grateful to me for offering such a high premium.

6 more mins. Buckle up for the rocket to the moon.

7 more mins. buckle up for the rocket up to the moon.

230 -330 pm is shorting game. Dont try to beat them. start buying after 330pm. Let them sell and buy themselves.

The plants in China and Vietnam are producing Vinyl gloves. Thailand plants are producing Latex gloves. Anyway the plan is to build 1 more Nitrile glove plants in Thailand by 1st Quarter 2021.

Should the DPA is being executed, it would override the ban and US would distribute all these readily available gloves in US soil.

@ToneeFa, the strategy is to declare higher dividends and let the hidden hands lose out the dividends if they cont to short. They have to pay for the interests on loan shares and also spent some significant amount to push down the shares by selling low on their own holding as well as paying for dividends to the lenders. That would be triple blows to them.

Ben Tan, i only give a rough calculation based on the latest production capacity before the 91 billion being achieved in Dec 2020, hence 85.5 bil as the base calculation.

Just a note that I am using a 85.5 billion production capacity per year. So per quarter is 21.375 billion. Losing a 2% due to North America, that would be 427.5 millions of gloves. With inventory turnover of 2 weeks, that would be a margin of inventory buffer of 427.5/12weeks (3 months) x 2 weeks = 71.25 million. Hence, conservatively, there could be 427.5 mil + 71.25 mil = 498.75 mil of gloves being withhold in US. Plus minus margin of error of 3% that would be roughly 513.7 mil being the upside. Of course there could be factors on warehouses storage limit or there could be more shipment after mid August or Top Glove could have stopped all the shipment immediately after the ban.

These are what I think too. Top Glove would be the immediate and promptly beneficiaries of this new policy from Biden administration. Why I said so? The ban on Top Glove since July 2020 would mean that Top Glove warehouse in US is currently full of gloves which have been stocked up since then as logistic arrangement and shipping would take weeks to reach US soils. Hence, even after ban, there would be shipment that are OTW as well as shipment that already been shipped out from Top Glove factories.

Estimating that with 2% sales drop per quarter to North America and with a 2 weeks turnover of inventory, the current warehouses in US could have roughly 515 millions of gloves. This is provided that Top Gloves no longer stock up the inventory in US after mid August due to the ban.

Last 2 buy back was in April which the share price starts to run uptrend for 4 months non stop and then another buyback in Sept when the gloves counters were on downtrend for 3 weeks in August until Sept before the uptrend again to mid October. Since then, the gloves counters have been on downtrend for the past 3.5 months and yesterday, Supermax performed SBB. Stay tune for the big great news. It has been hinted.

SBB by Supermax means something big coming. SBB may continue for few more days next week before the big news.

Govt now speak positive about Top Glove.

shorties worked so hard since 3PM.

https://getusppe.org/data/

whoever claim no shortage of gloves are telling lies in the open. Organization in the US are even seeking help for PPE shortage through NGO.

Top Glove warrants all out of money already. IB not gonna attack it. Dont spread fake news.
C80 - exercise price 6.6267, ratio 7.333:1
C84 - exercise price 6, ratio 6.667:1
C85 - exercise price10.3333, ratio 20:1

All are out of money except for c84 which worth rm3. IB no need to press it as long as the warrant not over RM150 cause they have pocketed rm150 min when issued the warrants and most of these warrants were issued back in June/July, at that time they easily pocketed rm300-500 when issued.

Tomorrow back to 6.70. trap shorties again. Keep doing this for few rounds until shorties no more bullets and forced to buy back.

Anyone know why Top Glove suddenly have presentation to the media and press today?

TP 3.50 was to panic the weak sellers to buy. You wont set TP 3.50 to aim to collect at 3.50. They managed to push the price down from 9.70 to 5.50 for the last 3 months. JP Morgan could have collected a lot by then. just see the Top Holding of JPM Malaysia fund. Top Glove is over 9%++ holding. when did they collect those 9%? At 3.50?

Today back to 6.50. Tomorrow close at 7.50 after Biden meeting on Covid 19 with his advisors tonight and give executive order to lift the ban on Top Glove as there are millions of gloves lying idle in the warehouse for 6 months already while the healthcare workers have not enough glove to use. Finger cross.

Shorties still not giving up? Still wanna short for a counter that s already low enough? PE 12 and yet still wanna short? There are so many counters in Bursa and these shorties are so hooked up with Gloves and cant let go and move on.

uncle Koon did not sell lah. He s just being sarcastic and commented the opposite.

reverse psychology from Uncle Koon. When he kept promoting, the price kept dropping. Now he would do the opposite the price would uptrend back. Wait and see.

Joe Biden going to be installed as the POTUS today. He may announce on the PPE shortage and securing them. Remember that Supermax has this investment in Delaware, the hometown of Joe Biden. This could be the welcome gift from Biden to his voters in his hometown. A homegrown US made gloves from Delaware. JV with Supermax from US government. Jeng Jeng Jeng. If got US big bro to support Supermax, what else u need to fear?

IBs knew of the MCO and pressed down to collect so that they can earn more after the announcement is out. Nothing happened until 3PM and what triggered it?

Shorting come after 3PM. Volume suddenly picked up.

lowest ever daily volume since shares split in Sept.

Shorting had a short burst after 12PM just now.

calm before the storm? either storm that cause lot of ships to sink or a storm that gonna bring onshore all the treasures and gold.

Ask Canada to produce their own gloves for USD200 per 1000 pieces. Then they can have all the nice and comfortable working environments.

when the commodity or anything that is strategic to the western countries, then they would focus on it and target to acquire them for themselves. Now PPE is like oil to them last time. They can go for wars to just to secure the oil resources. In years to come, they know they need PPE and also to ensure the supplies are guaranteed. Hence, what should they do if not to acquire all these PPE producers and have controlling interests in them? They may also put pressure on all these PPE suppliers to start their operation in America and EU. The PPE been around for so many decades and don't tell me that now only they realize about the condition of the workers? Trust me, if Top Gloves agreed to start a manufacturing plant in America and invest USD500 million while the US invest another half and become 49% stakeholders and ensuring that all the products there are reserved for the American and Canada, all these so call ESG reporting and ban would stop immediately. Just see Supermax. nothing happen to the company cause they are starting a factory in US. Top Glove should start to explore business venture in America and Canada.

see this, it has been happening since last year

https://www.thestar.com.my/business/business-news/2020/05/21/malaysian-air-cargo-carrier-profits-from-soaring-demand-for-medical-gloves

In Nov, 28 factories closed and it affected averagely 4% of revenue. Now 4 factories, so affect 0.6% revenue. Shortage of containers does not mean cannot use air shipment. If due to urgency, some buyers would pay for the airfreight. Most airlines would be happy to give them discounts and stuff the whole plane with gloves since they cant carry any passengers.

https://klse.i3investor.com/blogs/bursainvestments/2021-01-14-story-h1539327653-

Wow, they really delete the link for Ben Tan.
Ben Tan, you have been "targeted"

above link is for Ben Tan blog on shorting.

Yet JP Morgan still holding Top Gloves and most of the gloves shares. why is it so?