Glove stocks cannot drop continuously for whatever reason - Koon Yew Yin

- Of course they can you OLD FOOL! What did I say? Were you not listening?

Now it's cheaper, call you broker and triple down! You need to follow words with ACTION. And post SCREENSHOTS of your purchases.

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Sure, I concede that the glove companies are great investments, BUT (caveat) being that they are purchased at the RIGHT price.

I will wait AFTER Covid before entering again.

Why be greedy? Already made last year. I've moved on.

Why "fall in love" and have capital stuck for YEARS?

Too experienced for that nonsense. Feel free to get stuck. By all means, go right on ahead!

Smart move, Luck Winner, very smart. Wait until everything is back to normal to re-enter d glove counters. Noted.

Only a newbie says something like this. ANY counter is a money making opportunity. In fact, some of biggest gains are in loss making ones: MMAG, TDEX, GETS, DATAPREP etc.

Buy low, sell high. Keep it simple.

Thanks.
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@onionchong Why people here like to buy loss making penny stocks? No better counter to buy ke? The topic title is stock to keep 6-12 months and yet you guys gamble on penny stocks. quite funny

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FOOL Yew "Margin Call" Yin is turning into a Specialist In Failure.

Where is your recovery stock plays old man? Enough about Supermax!

No more money to be made in misery and suffering of others (Covid19). We look to a brighter future with the vaccines.

hate to think how low this share will drop, if not for TG non-stop buybacks...

@Maxsuper. correct you are sir. best case scenario is a dead cat bounce. but doomed to a range bound existance - until the next pandemic.

but worse situation is all the new competition in the market. and high oil/gas prices...

Rather than writing articles, you should be a man of ACTION. Call your broker, HL Bank? and double down, triple down, ask for more loans and margin. Do it. Be a man and follow your words with ACTION. We want ACTION (that moves markets). Not WEAK words.

Lets see you do it. Only up 1 sen as of 10.55am. Can you do it?

Hey old man, how long will it take you to adivse people to start considering investing in the oil and gas sector? Oil price keeps going up. What about that, huh?

Stop harping on like a dementia patient about gloves. The game is over. Every time you publish an article, the stock drops further.

It's getting embarrasing. Time to man up and admit defeat.

Move on.

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The bottom line is that glove counters moved up too fast too soon last year. Supermax, for example went from 1.50 to 24.44. Most experienced market players understood that it was time to take profits and move on (multi, multi bagger). Those that waited too long, were left holding the bag. On top of that, OIL (energy), prices have more than doubled. It won't be long before Gas Malaysia increases gas prices to the glove players, leading to further margin erosion.

Glove play is over. Its time to look elsewhere for profits.

Nice one!

Yes, Yes Yes! Here we GO.

Selling pressure building up on GLOVEs - Stating the obvious.

Who wants to catch a falling knife?

On top of that oil price is up. Might as well play O&G stocks.

Don't be surprised to see #glovestronks in Top Loser list again.

This nonsense is just like the Cyberjaya Multimedia Supercorridor BS.

What happened to that, huh?

Every day it drops by 3-4%, its a vicious cycle. Will continue until everyone is squeezed out. Not rocket science.

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Short term target price of RM4.33 if the low of RM5.38 is breached.

Really potent, strong downtrend detected.

Gather bullets to buy if you're the "fundamental analysis" type.

But who know where bottom is? Falling knife from RM10.88 to here...

KLCI contituent? Really? Dropping like this non-stop?

#5 on TOP LOSER list. high Volume. high Value. not even lunch time yet...

this counter is supposed to be KLCI constituent. but trading like penny stock...

How to be a successful investor?

Answer: By NOT following Fool Yew "Margin Call" Yin.

topglove management wasted BILLIONS on useless buybacks, just delaying the inevitable.

who's going to sack the TG management?

who knew they were gamblers!

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Is it me or am I seeing Supermx in the TOP LOSER list, first thing Monday morning?

Getting a sense of deja vu...

you are a lying gambler, old man. you dumped all your jaks, hengyuan, eversendai, dayang etc, after playing on margin.

don't come here and talk kok.

bloody hell, more rubbish from the old man...

chart is showing downward pressure (downtrend). if this is your primary criterion, then Sell, Sell, Sell!!!

Bloomberg Energy & Science
How Do You Restart an Oil Well That’s Frozen Solid?

Restoration could take weeks as thaw reveals extent of damage
Restoring power and access to well sites will be critical

Restarting oil and gas wells closed by the extreme cold sweeping much of the U.S. isn’t going to be quick or easy, even once the ice thaws and power is restored.

Oil production nationwide has been cut by at least a third and in the Permian Basin of Texas, the heart of America’s shale industry, output has plummeted by as much as 65%. But bringing flows back is likely to take much longer than it took for them to slump.

Most wells produce a mixture of oil, gas and water and it is the last of these that causes the problems. Although it may leave the well at boiling point, the water immediately comes into contact with steel pipes more than a hundred degrees colder. That can cause it to freeze, choking off the flow from the well, according to Richard Spears, vice president of Spears & Associates Inc. an industry consultant.

Water can still cause problems even after it’s been separated from the valuable hydrocarbons. If the pipes carrying waste water away freeze, you can’t get rid of the water from the well and you have to shut the whole operation.

The other big problem operators face is their reliance on electricity from the grid to run pumps, compressors and the electronics monitoring and reporting from the drilling pad. Lose power and you lose flow and that’s when lines freeze, Spears added.

Warmer weather will help. With temperatures forecast to rise this weekend, the wells and pipelines should begin to thaw naturally. That will allow oil and gas to start flowing again, but that’s only the start of the process.

Some well sites could have experienced mechanical damage, with freezing water expanding to crack valves, compressors, and pipes.

“There’s a good bit of water produced with oil and gas, so in areas with higher water, you’re going to have burst pipes,” according to Jim Newman, Executive VP of Operations at Basic Energy Services. “Safety will be paramount because of the hydraulics being damaged. So there’s going to be a very meticulous reactivation.”

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JANUARY 9, 20218:09 PMUPDATED A MONTH AGO
Iran will expel U.N. nuclear inspectors unless sanctions are lifted: lawmaker

DUBAI (Reuters) - Iran will expel United Nations nuclear watchdog inspectors unless U.S. sanctions are lifted by a Feb. 21 deadline set by the hardline-dominated parliament, a lawmaker said on Saturday.

Parliament passed a law in November that obliges the government to halt inspections of its nuclear sites by the International Atomic Energy Agency and step up uranium enrichment beyond the limit set under Tehran’s 2015 nuclear deal if sanctions are not eased.

Iran’s Guardian Council watchdog body approved the law on Dec. 2 and the government has said it will implement it.

“According to the law, if the Americans do not lift financial, banking and oil sanctions by Feb. 21, we will definitely expel the IAEA inspectors from the country and will definitely end the voluntary implementation of the Additional Protocol,” said parliamentarian Ahmad Amirabadi Farahani.

The comments, referring to texts governing the IAEA’s mission and activities, were carried by several Iranian media outlets.

In a statement, U.S. Secretary of State Mike Pompeo said Iran had an obligation to allow the inspectors access.

“Once again the Iranian regime is using its nuclear program to extort the international community and threaten regional security,” Pompeo said.

Iran said on Monday it had resumed 20% uranium enrichment at an underground nuclear facility, breaching the nuclear pact with major powers and possibly complicating efforts by U.S. President-elect Joe Biden to rejoin the deal.

Iran began violating the accord in 2019 in response to President Donald Trump’s withdrawal of the United States from it in 2018 and the reimposition of U.S. sanctions that had been lifted under the deal. Tehran often says it can quickly reverse its breaches if Washington’s sanctions are removed.

Gas price hike hurting glove makers
By HANIM ADNAN
Monday, 15 Jul 2019

12:00 AM MYT
PETALING JAYA: Malaysian Rubber Glove Manufacturers Association (Margma) preisdent Denis Low Jau Foo has lambasted Gas Malaysia Bhd for the surprise announcement on gas price hike.

Gas Malaysia’s three-day notice last Friday evening for the tariff hike, which will take effect today, is as “good as no notice given,” he said in a statement.

Margma has repeatedly stated that in the rubber glove export business, orders were taken two to three months ahead based on the prevailing production cost by the foreign buyers.

He pointed out that the sudden hike in natural gas tariff has disturbed the market equilibrium forcefully and resulted in unanticipated cost increase.

“The increase is too sudden and the quantum is too high with just three days notice for the manufacturers over a weekend and to be effective on July 15.

“This tariff is higher than the base tariff at RM32.74 per MMBtu as announced in the roadmap on Dec 28, 2016,” he added.

Margma has estimated that the new natural gas price hike would lead to an increase in production cost of 30 US cents to 80 US cents per 1,000 pieces of nitrile glove and about 35 US cents to 85 US cents for latex glove.

“As the production cost has inevitably increased, it is only logical that buyers will become acutely aware that our rubber gloves will now be more costly, going forward, while having the luxury of not having to absorb the higher cost for the next two to three months, as orders are always locked in at least two or three months ahead,” he said.

Low noted that the gas price hike does not benefit the industry.

“This action by Gas Malaysia is too abrupt and destructive and is adding cost to doing business, when such cost could have been passed on to buyers.

“The Energy Commission is shoving the new Third Party Access policy down the throats of natural gas users and Gas Malaysia.

“It is absurd that while the new policy is not properly explained, industry players are expected to sign new Gas Supply Agreements without even being given a complete agreement for their review by Sept 30,” Low said.

Margma had engaged with Gas Malaysia recently and understand that the gas price will increase tremendously when the deregulation of the gas market happens on Jan 1, 2020.
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OLD article. - but remember, oil/gas prices are creaping up. how long before a "sudden" gas price hike?

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golden rule of investing: buy low (RM1.50), sell high (RM24).

NOT buy high (RM9.50), sell low (RM4.00).

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good luck with that credibility. don't be suprised if supermax is in the Top Loser list again.

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koony is so desperate. he's trying to talk kok again. deleting my earlier comment.

because of your arrogance, thinking you can move markets with yur lazy articles, the market has humbled you.

sell and move on. quit your moaning. BE A MAN.

and don't be surprised at negative feedback when you write nonsense.

sound of bitter tears and crying that you missed out?

what kind of loser "super investor" logic is this?

with your logic, don't invest in AMD, Intel, TMSC. don't buy malaysian tech stocks.

no, buy supermax and lose money instead.

yeah. keep thinking you can move supermx with these useless writeups.

rubbbish.

Top Losers! Slumping into the longkang weiiiii.....

Win some, lose some. Sell and move on old man. This whingeing and whining is very unbecoming.

Oh, and karma is a b*tch.

game over man. game over!

ironically Hengyuan was fried by the old geezer a few years back. not much success here unfortunately. why did he wait so long? that is a fact that defies logic!

a superinvestor? i think not!

RM5.00?

American Slavery, Reinvented
The Thirteenth Amendment forbade slavery and involuntary servitude, “except as punishment for crime whereof the party shall have been duly convicted.”

WHITNEY BENNS
SEPTEMBER 21, 2015

Some viewers of the video might be surprised to learn that inmates at Angola, once cleared by the prison doctor, can be forced to work under threat of punishment as severe as solitary confinement. Legally, this labor may be totally uncompensated; more typically inmates are paid meagerly—as little as two cents per hour—for their full-time work in the fields, manufacturing warehouses, or kitchens. How is this legal? Didn’t the Thirteenth Amendment abolish all forms of slavery and involuntary servitude in this country?

Not quite. In the shining promise of freedom that was the Thirteenth Amendment, a sharp exception was carved out. Section 1 of the Amendment provides: “Neither slavery nor involuntary servitude, except as punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.” Simply put: Incarcerated persons have no constitutional rights in this arena; they can be forced to work as punishment for their crimes.

they will use that cheap prison labour to work in those factories. With few exceptions, inmates are required to work if cleared by medical professionals (Angola Prison, Louisiana). 2.2 million in prison need to work. 2 US cents per hour.

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" I am prepared to wait patiently. Patience is the key for successfully investing."

-because you have no choice. now you can add gloves to your shoe (Xingquan) "long term" investments. oh well... :/

wow. insane boardroom tussle. power play. something big brewing. project vivocom, technodex activated.

this is getting embarrasing old man. this needs to stop.

maybe you should consider pumping your old favourite Hengyuan to make up for your losses here?