Think the operators realized everyone wanna enter a lower price. They refused to let us have it. the cup and handle already been formed. Instead of going down, it may break new high of 1.93.

maxprofit2020, look at 6th Mac to 12th Mac. Similar trend for now

Operators managed to trap some at 1.66. Volume almost 11 million. Should be satisfied already and gonna push down further.

nobody taking the baits so operator cant push the price down yet. Still baiting but not willing to spend more for the baits. use cheapo baits, no ikan bilis wanna take the baits.

pick up some today for dead cat bounce tomorrow if any. Sometime the operator would bounce cat for a while to trap more ikan bilis if the volume is too low. Volume werent high for the past two days.

not necessary must press tomorrow. can lift it back again to 1.70-1.77 by Friday before press again next week. this is due to not enough volume for the past few days.

another round of playing by the operator.

Low volume already telling something that there's no show for today. When no show, means no up but higher tendency for slow downtrend. Gonna shake off those contra players. Today is T+2 and need to do settlement already for those who bought high on Monday.

Here come 1.57 in these two days.

downtrend when other counters uptrend.

no volumes. cant goes above 1.75

No power to go up already. All up for 4.5 days. Seem like losing steam already.

Possible to drop due to DJI dropped 900++ points again.

chief999, based on stats for the past 2 months after this Covid 19 pandemic, Supermax rally did not exceed4 trading days. Today is the fourth day since it is on uptrend. Next Monday would be the 5th day.

Directors disposed warrants and buy back mother shares. not disposing mother shares.

dont forget today that PM gonna announce another economy stimulus package. if it pros the health and medical sectors, then it would be another wave for Supermax

Block at 1.68. 12PM soon, either it moves up or correct back.

Harta and Top Glove keep making new peaks. Supermax still trade within 1.40 - 1.80. Cant even reach RM2.00. Supermax management should instruct its marketing and investor relationship to release more positive news rather than just keep quiet on this. We hear nothing from them

Problem is why Supermax never say anything or release any press news? We keep hearing only about Top Glove.

left hand, right hand, back hand, upper hand, lower hand.....so many hands exchanging.

Today Kossan and Harta still uptrend. Just TopGlove taking a break. Supermax suddenly woke up after 12PM. If it's an industry good news, TopGlove should be up as well but it didnt.

Ah Koon got said he bought Supermax? Didnt see him write anything about it

Volume is low and it gotten blocked at 1.55 now.

Operator won today. Lets's see if they gonna to win for the next 4 trading days.

Ah Koon kena burnt by Dayang.

Now 1.45. The operator won for today especially if there is higher volumes below 1.50

To the warrant operator, the last 5 trading days are based on average volume of selling price. Hence, if on 31st March and it closed above 1.50, it is still ok. Cause the average price would be below 1.50. If you claim your opinion is correct by just basing on 31st March closing price, that would be inaccurate. You have to see the average volume price for the next 4 trading days.

Dont play play with Macquarie, today must close below 1.50. That's their objective for the next 4.5 trading days. Even Bullballs or Furballs or whatever balls also must comply. No exception.

Those in May the warrants exercise values are at 1.60, 1.70 and 1.78. So you can expect price range around 1.60-1.70 if the operators wanna press down in May. Next, there s one in June with exercise value at 1.75. Hence, even if they press down, it wont be at current level at 1.40-1.50. Should be safe to enter at 1.40++ after 31st March.

Great news is there is no more warrants expiring in April. Hence, this time could make a comeback for Supermax. Just 4.5 more trading days. Be patient and go and play other counters first. I made a mistake and under estimated the operators since there is only one warrant expiring this month and i enter more Supermax early March. Until i realize the warrants operator is Macquaire. You guys have to be careful of Macquaire and Kenanga. They are expert in warrants playing.

Agree with chief999

Maxam, now you see the game they are playing. If you have extra bullets, dont waste it on Supermax. Buy something else and earn from there. Supermax still have a week or two to wait and the price would remain low and cheap for you to buy later.

Maxam: you dont believe the "operator theory"? :)

Leek Kok Wee: No, apparently it isnt illegal. There is no stopping you from buying from left hand while selling at right hand. Besides, these are usually done through the proxies. Nobody can stop you if you wanna sell you shares cheap and then buy back expensive.

If the market crash again these few days, Supermax will follow suit as well and crash a lot to 1.30-1.40. finger cross that market will be holding for the next two weeks, so that the operators would exit this and let it catch up back. Now Supermax has been chained down.

It would remain at this level for the next 4 trading days if the operators have enough bullets to suppress it. This has proven what most of us been saying. We have missed lot of opportunities because of this. Sad but true.

Noob Investor, there was no more trading and volume on C75 as the bid price and ask price can't be matched at all. The settlement of the warrant is not based on the current warrant price. The warrant should worth zero if Supermax remains below 1.50 for the next 4 days. As expected, you can see that Supermax can't go up further while other counters
and overall market rebounded strongly. This proves that Supermax is being controlled and manipulated at the moment.

For sure Supermax won't go up since it's controlled by the operators. Must remain below 1.50 until 31st March. Else they lose money on the warrants expiring on 31st March.

Newsplayer286, it s just yoyo lah for a day due to positive market sentiments. Most counters also up and this include the tourism counters lah such as GENM and AirAsia which suppose to suffer the most due to this Covid19. Yesterday it dropped 9 cents, remember?

The bosses have to come out to support the price themselves. No funds wanna buy it.

u guys got to understand that Supermax doesnt follow normal fundamental business. It is being controlled and manipulated for now. All these positive financial stats wont make it up. If these make any business sense, Supermax should be trading above RM2 now just as other gloves counters. Instead it is trading at 1.40++ with a discount of over 30%.

if really controlled by the warrants operator as claimed, it wont goes above 1.50 for the next 4 trading days.

Harta, Top Glove and Kossan. Consistent with the trends and demands. Supermax is purely controlled and manipulated. That is why it s laggard and traded the opposite direction than the rest. True that many other counters are given an opportunity of a lifetime to acquire. I have stopped acquiring Supermax for now and no point to chase its low. Good to acquire other down beaten shares. Now i just need to duduk diam diam di rumah and wait for Supermax while enjoy other counters. Can put Supermax aside. Let the boss manipulated all he wants for now cause he cant do that anymore come May, June, July unless he gonna manipulate Supermax accounts and Financial report as well.

Newsplayer286: you still hoping for the yoyo? From 1.86 to today closing lowest 1.40. If really yoyo, how much can it yoyo?

This Supermax really the opposite trend. Ppl goes up a lot it went up a bit. Ppl down a lot it also down a lot. Ppl down a bit, it still down a lot. That would mean no defensive when downtrend but got blockade when uptrend. If this isn't operator, then i have no idea what is it.

today no volume at all. is it really pressing down or retailers letting go cause beh tahan already on the depressed price?

For the past 8 years since i traded Supermax, it is always the laggard among the big 4. Based on the historical performance, it would move and catch up eventually. Question is when and how. It could catch up in stages or few days of gaps up all of sudden. No doubt that Supermax is being controlled by the operators and with IDSS now, there are more ways to earn profit than just moving the price up. Thus, it could takes months from now for it to catch up and remain depress at such price.

If supermax doesnt push towards 1.60, the surge wont be able to reach 1.86. Maybe around 1.70++ and then we come to yoyo again for the next 1.5 month

I just worry comes next monday, all the big 3 drop and supermax also follow suit. When up, it s a laggard, when down it's a champion.

Maxprofit2020: that would be Kossan. :P