I guess the interest is daily rest by closing price, hence they always try hard to lower the closing price. They must maintain 10 %in margin account, when price down then interest lower and also 10 %of total borrowed amount. But when price up the borrowed amount becomes higher they have to pay more interest and might hit margin call if their fund less than 10 %of borrowed amount. If they can't top up then it will auto buy back shares using the money they short sell untill hit 10%of total borrowed amount

Without shorties I won't have chance to buy the cheap units, many thanks to them to create such golden opportunity for us to on board

Yes, all gloves trailing each other which making shorties even harder to suppress the price. When one glove picking up the rest also will follow. It is truly challenging to press down all in the same time

Haha, those tech and penny stocks all extremely high now with pe >100 some more weak fundamental with eps cents or negative, wanna lure us into takeover your position and help you out from glove short later we all die losing hugely on tech and penny while gloves rebound with your buy back, sorry I wont fall into this. No interest at all with your tech bubble

Soon bangladesh losing job then will kill that fellow team up with reporter, so they shd go Canada then since they offer 5 stars accommodation with high pay

formula of interest calculation from investopedia

n order to calculate the cost of borrowing, first, take the amount of money being borrowed and multiply it by the rate being charged:

$30,000 x .06 (6%) = $1,800
Then take the resulting number and divide it by the number of days in a year. The brokerage industry typically uses 360 days and not the expected 365 days.

$1,800 / 360 = 5

Topglov Total Net Short vol (22/1/2021): 223,858,602

223,858,602 * 6.12 (closing on 31/12/20) * 0.05 / 360 = 190279.8117

shorties are paying 190k (estimate) interest daily, from 4/1 till date 24/1, total 21 days
total interest = 3,995,876.0457 (it should be higher as the highest vol is 230m before)

it is very good biz to epf, do nothing already gain 4m from shorties just in 3 weeks

Stock Code Short Name Long Name
Total Net Short
Position (Volume) % of Total Net Short
Position
7113 TOPGLOV TOP GLOVE CORPORATION
BERHAD 223,858,602 2.73
7153 KOSSAN KOSSAN RUBBER INDUSTRIES
BHD 55,609,863 2.18
5168 HARTA HARTALEGA HOLDINGS
BERHAD 46,003,923 1.35

yesterday still no buy back from shorties on kossan, this is good news mean the buy is from retailers, sbb or other institute.

If you can't fight them then join them, shorties fast buy back and close the short. Then follow us to long

just continue the uptrend for next week and kick the shorties out

poor shorties, guess will have another sleepless weekend. on the other hand, we all can sleep well and enjoy our weekend

how long more can shorties hold? will they really hold till qr out and pay the divvy? my bet shorties nearly burst, if next week can green again shorties will admit loss and buy back

yes, CNY around the corner, wish all HUAT till CNY and Kossan will break RM5 next week

200m+ paper loss, shorties sure won't give up so easily as this is very x3 huge loss. they will definitely keep on trying to fight back especially topglov and kossan which are the top 2 net short. but the day when they give up the gain will be truly rewarding where they have to buy back 55m shares of kossan

Ben Tan Shorting up to now for the day:

Top Glove: 2,263,100 shares shorted (8% of total volume for the day)
Harta: 167,100 shares shorted (4.5% of total volume for the day)
Kossan and Supermax: 0

buy back for Kossan & Supermx today? But topglov is truly outstanding with 2.2m short but still up so much

Ben Tan Shorting up to now for the day:

Top Glove: 2,263,100 shares shorted (8% of total volume for the day)
Harta: 167,100 shares shorted (4.5% of total volume for the day)
Kossan and Supermax: 0

Shorties are syndicates, could be some already gave up and wanted to close their short now. But the stubborn one still wanna play along

Interesting, will check out short vol from bursa tomorrow. If this is not short buy back then is confirmed uptrend

Shorties wrong timing to mess with gloves, still don't wanna give up?

Sorry to hear Pfizer less effective because we also don't wish covid last forever, but this is good news to glove that covid will stay long er....

Just wait for the qr, what do you expect big boss to announce? It is pointless to fight with shorties, if you believe in gloves just hold else just cut loss

Shorties also not yet run why we run? Lol

Chill, it is unsure who will be the final winner yet

shorties not yet win else they already take profit and close the short, they short back again the units for topglov hence net short vols should be arnd 224m units. shorties also suffering as they already keep the short position opened for 3 weeks and pay a lot of interest. they are also worrying the divvy from next Q which will burn another big hole into their pocket. it is good sign now if they launch more aggressive attack which mean they also wanna close the short position asap. so just hold on and continue watching the show see who is the final winner

RSS is allowed by bursa, there is good on rss to create more liquidity to the market and also prevent 1 stock to go up too fast. for now shorties look down on gloves and think gloves will go south, they short massively on gloves but now their shorts should be at loss. they still not give up and continue sell down the gloves hoping will influence more to buy their opinions and follow them to sell. in order for them to win they have to buy back the shares at the much lower price later. they are very very rich hence they also own a lot of units on hand as hedging just like how IBs issue the warrants will also have huge units on hand. so now is about the patience and time, see who eventually can't hold on anymore and give up. you can check out the short vol from bursa, so as long as the short vol still high means shorties will continue attack until all follow their call to sell back to them at their asking price. but many of us also knew Q coming out and will announce divvy, so we just hope shorties will run out of bullets soon to give up and launch the buy back before Q

no perm enemy in market, no surprise in future jpm might be our friend again to long gloves

they can sell with their own units to influence retailers to follow them to sell, as long as we believe in kossan we just hold. they don't have enough units to close the short, so as long as we unite and don't simply throw back the tickets to them, one day they will give up and launch the share buy back at our asking price

panic sell no happening, shorties all extremely panic now

ok, faster below rm5 then i will also collect some

everyone holding tight and waiting for Q and divvy, at this price very few will let go their shares. no matter how naysayers talk also useless

Believe what you buy, time will tell. For now just enjoy the good dividend

Epf very smart, loan the units to shorties and buy the discounted units again from market. Gain the interest and later shorties have to return the borrowed shares

Their margin account everyday burning interest, maybe already top up few rounds. If the price shooting up any second hit margin call

ignore all the noises and wait for another marvelous qr and good div, won't sell unless make good profit

qr around the corner, the price now not attractive at all, so what for to sell? just hold and collect the dividend only

just go ahead and plunge, rather than now stagnant very bored. either deep green or red is better than now

apparently shorties are sitting on paper loss, even they buy back but then they short back again now. it might be too costly to them to close the short position now

time will tell, buy you believe and hold on it, one thing for sure the dividend is much higher than FD.

wow, very rare to see uncle kyy making sell call. normally he will only shout to buy, is it the sign he wants to buy more

shorties will try to buy slowly to recover back the shares with the lowest price possible, so as long as very few willing to sell at their asking price then they will slowly leveling up the price till the point people willing to let go. so no rush to sell now with low price, they still have 56m to recover for kossan, and everyday they are bleeding with the interest, so just continue hold now till at least you see the massive drop on the net short sell vol. you lose nothing when holding, but we knew shorties are working on the clock due to interest, so we have time advantage and should play mid to long term with them

ignore all the noises and play mid to long term, profits already locked for the whole year 2021, good dividend ahead. the winning chance is high, the price will slowly recovering with each qr reporting higher and higher eps while other sectors are downtrend, by then more & more will return to gloves when others can't give them good dividend

So shorties no more TG unit to short and now have to sell their own units, guess soon they will launch buy back, hold tight

Shorties keep bleeding, everyday pay huge interest. We hold and later get good div, who is bleeding actually?

Nothing to worry if we know the price down due to rss, they will need to buy back eventually, no free lunch

Naysayers today all very high, but did you check your master the short position is now positive or negative?

fuyoh, very furious drop and so scary, but i still want to hold and wait for div

this is just the setup stage, expect any time suddenly LU when shorties launch the share buy back. Shorties still owing 230M Shares, 230M shares!!!

nothing to scare, shorties still owe 230m shares. now only 17 cents dropped, when shorties starting buy back the 230m share RM1+ up. HOLD

if shorties suddenly buy back 229m shares it can any second limit up, just hold else continue let the shorties pay interest to epf. epf is also our money, win-win.

i already accumulated my required units, later will reinvest div to support more. TP1 RM6, TP2 RM8.50

next q out soon, for now just continue hold and wait for the dividend. also monitoring closely on the rss vol on when shorties gonna close the position