mamajeru Now I'm envious! Congratulations. Must have that kind of courage to make big and quick money. It must have been stressful although it's well worth it when it went your way. I don't think I can go through high stakes punts like this one. At the most, I'd buy the index structured warrants. Risks there too but not as tense as this kind.

@mamajeru I don't dare with this kind of speculation. Won't be able to focus on my day-job work :-) Had made a few ringgit from trading this week so I'm trying to end it on a positive note. I'll just watch at the sidelines.

Wow! This is exciting. Definitely the most happening event at Bursa today. I'm too chicken to risk in this all-or-nothing speculation. But have to admire those who are very brave. Can't begrudge the profits that they make, if it comes to that.

The loss is just due to Forex translation. It's not like SPB is into Forex trading and converting the US, Australia and Singapore dollars to ringgit. There is actually an increase in revenue. Project launches are postponed. A bit disappointing but expected given the current mood. In fact, better to be cautious than to be too brash in starting new projects.

Some people were too hasty to sell, without fully considering all aspects. They forgot about the 50 sen dividend. The bigger investors saw an opportunity and came in. The price has gone up again the last two trading days. The dividend is a comforting safety net.

Excellent post and analysis by @jayloh. Much better and more informative than what we've been reading in the newspapers. Or by the investment bank analysts.

4.80 is the critical support level. Would be a good entry point. But if this level doesn't hold, then TP will likely keep sliding. Traders are jittery with export counters and not daring to commit themselves. May be better to just sit it out for the time being and be a spectator.

I'm considering only the price action. It's up right now, but traders seem to be in indecisive mode. Going to wait for them to make up their collective mind first.

sklyte, you are right about it being cheap. Comparatively, with other gloves makers. But with a counter like this, I'm more inclined towards what @manji says. Especially if one is a trader and doesn't care about dividends and such. Better to respond like a Lalang swaying towards where the wind blows.

@santiago I think that's the more prudent move for now. The results are definitely not bad. And many didn't expect it to be as good as the preceeding two quarters. But can't deny it's rather underwhelming. Now the figures for the rolling four quarters don't look particularly outstanding. Let's see how the big investors interpret it, and let the price stabilise first. 5.30 was the previous strong support but now it's violated.

A very nice buzz holding Canone right now. Goes to show that the market will sometimes give away presents in the form of counters suddenly becoming attractively price for a short period. Often, we don't really understand why the price could have gone down. And we'd freeze, worried about "There's more pain ahead..."

This is the lesson for me - when a slump happens, check the technical charts. Even the free version of ChartNexus is fine enough. The support lines, especially those previously shown to have held - these are good entry points. But must have the discipline to sell and take a small loss if the support doesn't hold. These charts don't guarantee anything. But they are a useful tool for helping us make decisions.

Quarter-on-quarter results are expected to be lower. This is something already expected. The only question is by how much. If it's not that much, this will be the catalyst for Top Glove to see more interest among investors again.

By the way, note that foreign investors have become net buyers over the past few weeks. Local institutions have been sellers though. But they will turn buyers again sooner or later. And it will be counters with bigger market capitalisation, including Top Glove, that will among the favoured.

Went up quietly without any fuss at all.

Now that Canone has suddenly 'meletup', I'll bet this post will see a lot of readers. Thanks for the analysis and opinions. You may or may not be correct. But I'm very appreciative of this kind of effort. Thumbs up!

5.30 is the support line. As long as it doesn't slip below this, the drop today is seen to be healthy. TopGlove had an extremely volatile week. Sharp fall, but immediately followed by a rebound. Have to note that it had come back from 4.80 to 5.40-plus. This is significant. There will be profit-taking by those who had bought at the lower point. Plus some people who are stuck at higher prices cutting loss or reducing. Let the counter build a new base around this level first.

@Hue Woon Yang is right again with his assessment and prediction. As is @fengtzekai. I didn't know about that report in The Star. Didn't see it at the website. Good to see it's back in the limelight with much better volume. Last week's Buy and Sell queues, and the transactions were rather unusual with the big differences.

The proposed disposal will definitely help reduce its debts although it will be at the expense of losing an asset. But anyway, by and in itself, debt cannot necessarily be assumed to be bad or good. It's in what the debt is used for, and whether it helps with the company's business or has become a burden.

If someone checks on the price only once a week (buying The Star only on Saturdays), he wouldn't have known about the drama over the past five days.

Makes you wish tomorrow isn't the weekend. Hopefully the momentum will still be there next week.

You are right :-) Almost exactly like yesterday when buyers of bigger lots come in. Will have to be prepared for sudden drops like earlier. Might be a good idea to put a Buy order at the lower range and get a few lots cheaply.

Not exceptional, but it paid off for those who were looking for a dividend counter a few months ago. Any profit is welcomed in this kind of market where it's quite difficult to make money.

Drat! Went down again. But the volume isn't big, which is comforting. There's also a gap between the Buy and Sell queues. No liquidity at the moment so there will be rather significant swings both ways. Easy for someone to manipulate to create a certain impression. But as long as the support holds and the volume is small, I'm going to just watch and let the market sort itself out.

Exercising of warrants will dilute the net assets. But it's something that's taken into account in the financial report. Anyway it's sentiment that's more important when it comes to share price. The last quarter results had put a damper on this. Will have to wait for another catalyst to attract investors again. Hopefully the bonus issue will help to do so.

Unfortunately there's nothing we can do about these institutions. But the good thing is, they also buy. They have to. Especially EPF, which receives more every month than it pays out. There are also indications foreign investors are coming back.

Anyway, I'm giving more credence to the technical charts. The fact that Taan had stayed above an important support is of note. The recent slide has also been healthy because the weak holders had exited. I feel it had gone up rather fast since late last year. Hopefully the correction is over and we can look to it moving towards 4.00 and above again. Have to watch the transactions though. See whether the big boys are net buyers or sellers.

The support of 4.48 seems to be holding. Still a bit shaky at the moment. But business-wise, there hasn't been anything too negative, is there? So what was the drop in share price about? Looks like a good entry point right now. The only worry is, some big shareholder is liquidating his position. Nothing that we can do if that's the case. But as long as the support holds, this looks like a reasonable buy.

Oil palm counters look to be getting back in favour with investors. TDM has quietly gone up since last week. I prefer Taann due to timber also being a major division of the business. Thinking about whether to add more. But I'm going to be cautious and let it be for now.

More positives than negatives with this company. The latter first - Sarawak state elections? There might be a fall in the share price should BN lose this state. But then, the whole of Bursa counters would also see a drop. That's due to investors seeing the results in Sarawak also being repeated later on in the Malaysia General Elections. It's not a question of whether investors like Najib or not, but more of the uncertainties. But with Taann, even if it's a new state government, timber concessions will still be given out. If not, the government will not receive the projected revenue. Those who do get the concessions will need to extract the logs. Do they have the capability? They will have to get Taann involved.

Then its oil palm division - based on the figures, Taann is shown to be one of the better plantation companies. CPO prices had likely found the bottom last year, at around RM1,900. The current price is reasonable enough considering how low various commodities have fallen to. There's the possibility CPO might average higher than 2,500...and that will be great for Taan's bottomline.

The dividend yield is quite attractive at the current price, and there is also a proposed bonus issue. After the correction over the past couple of weeks, Taan looks like a good buy for the genuine investor. And for the trader too.

Becomes like the gloves makers. Investors realising the selling had been overdone. If ringgit remains at around this level, these companies will still be making good profits.

Does that mean some people already know the results and acting accordingly? The volume is significantly more than the average.

Getting above 5.00 is critical and a relief. I hope it will just maintain at around this price for now. The panicky traders are now mostly out. But TopGlove has to build a new base first. And then get past the 5.30 resistance. There will be some selling here - people who had bought at below 5.00 and taking quick profits. Plus those who bought at near 6.00, wanting to reduce. But that's healthy. Anyway, it's rather comforting to know 4.80 is solid support.

@stocktrader3 A lot of truth in that. Many things in the stockmarket - no real explanation actually. One can argue this and that is the reason. But when something happens, the immediate thing to do is to respond. Preferably, should already have a basic plan well before that. Like cut-loss points. When things happen, one won't be too confused and panicking. Adjust the previous plan and just do it - sell to cut loss or for a smaller profit, or buy. Or, if the trigger isn't violated, just let it be. Can't win all the time. But during the losing days, the best thing possible is to minimise loss. Lick our wounds, and then come back later on. Because most of the capital is intact.

Needs to close at 5.00 and above. Very critical psychological point. Alternatively, as long as it's well off the lowest point, that's already a plus. Shows that 4.80 is solid support. Many traders will come in when they have reasonable confidence it won't slip below the support. As had happened with 5.30.

Oh, drat! This trade didn't work out. Have to salvage and try minimise loss the best that I can.

@murali I agree about that. hng33 may not get it right all the time. No one does. But he's transparent. Unlike those who boast about this and that after the facts.

@pang72 Regardless of whatever feeling and sentiment that I may have, I'm going to force myself to stick to what the technical readings are to say next week. If it slips below 5.30, and doesn't close at above that, I must, must, must cut loss and sell. I just hope I'll have the discipline and carry out the exit plan.

Had 'kena' quite a number of times with various counters, comforting myself with "Hold on a bit longer...might rebound after this." Sometimes it does happen like that. But more often, the darn counters continued to slide. My conclusion: can't avoid taking risks if we want to TRY make a profit. But if things don't work out as projected, then we must immediately mitigate. I'd much prefer to take small losses than to have capital trapped in a hole. Worse, to see the hole getting deeper and requiring a lot to level up again.

We'll see how it performs next Monday. We can speculate either way right now, and coming up with good arguments too. But the market doesn't care about our thoughts :-) It will do what it wants to do. We can only choose how to respond to what it throws at us.

Export counters are rather dangerous right now. But at certain support levels, they are worth taking a risk on. With TopGlove, 5.30 is supposed to be strong support. For now. If it gets breached, will have to be decisive, take the loss and see whether the next support line holds.

By the way, I feel ringgit's recent appreciation should already have been priced in. These export counters are still making good profits at the current level. Will only be an issue if ringgit recovers to below 4.00 as per US$. But this is the business aspect only. I'm actually more concerned about the trend and price action.

"Good close" is relative... for those who had bought at 5.30-something. Of course, the price is fluid and always subject to change. If it moves south next Monday, then it will no longer be considered as good close by this group.

The 5.50 level mentioned by @lching - this is among the things investors and would-be investors should watch. Will it hold? If it does, then that would be a good entry point. If not, then it's obvious the counter is still looking for a bottom. It may be a good business to invest some money in, but it won't be fun to see the price going lower.

@Andrew Leon: Thanks for the comments and explaining things. Some of these financial exercises are quite confusing for many investors/traders.

It's below the 0.66 support right now. If JCY doesn't close at that point or above, it won't be good. Better to wait and see first.

The assessment by Jupiter is definitely reasonable. This isn't exactly a company that's in trouble business-wise. For someone looking to invest (as compared to "speculate"), and content with an okay-enough dividend, the recent slide in price offers a good entry point. I'm definitely interested but will also take what zhm540, ExCFO, JN88 etc. say into account. Can't deny that price action is also critical, and it's no fun seeing your counter lose value. Even if it may be `paper loss'.

So what to do now? Maybe buy a third first of the intended capital. If 1.00 holds (and that is a very important psychological point), then will commit another one-third. If it does slip below 1.00, will cut loss and stay at the sidelines first and wait to see it form a new support. I think there is opportunity here. But will have to be decisive should things not work out.

@JN88 "all bank research can't pakai"... Maybe not all. But there is a lot of truth. One can dress up his/her assessment with pretty charts and tables. But they are just guessing. And so often wrong. If we base our buys solely on their reports, would end up with many counters being underwater. If these analysts are really good, they wouldn't 'makan gaji' with the investment banks.

But that's the lesson - read and consider the research. But make our own decisions. Always practice good capital management (never going all in), consider the possible downside and have a strict cut-loss point should things not work out.

Let's just look at the very near future and not think about what it will be months from now. The immediate critical level is 0.66. Looks to be a good entry point. But if this strong support is breached, it is prudent to sell and take a small loss instead of waiting and hoping. So far, despite all the negative talk and sentiment, at least JCY has still managed to stay above 0.66. That shows strong support. It might change though, so it's always good to have an exit plan should things not work out.

My experience over the past few months: it has been the structured warrants that have been more productive. Particularly FBMKLCI- C and H. But have to be quick and decisive with these in cutting loss and also taking profit.

Ordinary shares have been very difficult. Many of the portfolio selections above aren't bad at all. But the volatility has been damaging. Even winners like export-oriented aren't safe anymore. With ordinary shares, I'd consider the downside risk first and foremost. And trying to catch an uptrend. Like with AirAsia. But must have strict discipline - if a counter slips past a technical support point, then sell and take the loss there and then. No waiting.

But anyway, I'm being cautious at the moment. Using only one-third of the capital. Will wait until sentiment turns more positive. Watching the foreign investors' daily and weekly movements especially. We need their money to come before there's significant upward momentum.

The results do confirm this fact - it's a VERY tough market right now. Anyway, thanks to the organiser of this very interesting competition. And especially to those who had participated. I really appreciate the people involved.

You are right. The results are decent. At least. But it's also the general mood of the market. Technology stocks aren't in favour right now. Come to think of it, nothing is. Investors are quick to punish poor results. But just look when these are reasonable.

With this kind of counter, have to abide by what the technical charts indicate. Must get out of the way and let the correction work through the process first. Not wise to be stubborn and go against the trend. Its business and potentials are secondary. For traders price is all that matters. It will find a floor. Just need to be patient for now.

Another lesson - prudent to also have some KLCI- put warrants. When these so-called quality counters suddenly drop, we can take some comfort the -H shares will mitigate.

Ex date was 25/2. Today is entitlement date. Why only now selling? The drop is out of proportion with the 4.9 sen dividend. But that seems to be it with a counter like this - the capital appreciation is much more important.

@ym88 got it right with his comment on 27/2. Essentially, he said the trade on Johotin had become overcrowded. And the catalyst for the push came today with many selling and panicking others in the process.

The 12 sen final dividend is encouraging. If this is maintained in the future, SPB looks like a very good counter for fixed income.

The 0.96 support held again. This is a critical point for UMWOG. Slip below this and it's free-fall. It suffered a double whammy this week: the poor quarter results and crude oil going down. Strong correlation with the latter, which makes the share price movements fairly predictable. Speculators of this counter will be hoping Brent ends well in Europe and especially US trading. No point thinking too much about it because crude oil prices can go either way. All we can do is to quickly respond to how it goes.