Well, it did rebounded. Unfortunately for only 30 minute. This morning there was a massive force selling by banks from 10 to 10:30 am. Now that it has slightly steady. I still reckon there will be another selloff in the afternoon session.

Now the whole of Bursa has transformed into a financial casino. A few days ago we still hear people talking about glove counter fundamentals. About forward P/E, back orders for 3 quarters, ever rising ASP, superb QR from TopGlov and so on.

Now it suddenly turned into a mini Macao. Nobody gives a damn about fundamental anymore. Tell them to wait for the next Supermax QR which dues on 28/11/2020. Who will wait that long? The solution is "now and here". If you don't sell others will sell and if you are not panic others will panic. If it keep dropping like this for the next couple of days, i reckon a lot of investors will lose until cannot find his way home.

If the Composite index start dropping again in the afternoon session, trust there will be another wave of big selloff. Because too many investors bought at the high due to the ridiculously high TP given by investment banks. Now everybody are cursing the bloody investment banks. Even our KYY estimate Top Glove is worth more than RM 160 due to forward earnings. Shit, if you have listened to him then you could have lost your pants.

In order to move up there must be some massive buying in order to absorb all the sellers that are waiting to unload. If there is no sign of positive rebound by closing then brace for another selloff tomorrow morning.

Parrot, if i am you i will wait a few more days. I expect all the glove stocks to rebound. Earliest by tomorrow because the current correction is overdone. No shares can drop in a straight kine. As for today there was a lot of panic selling towards the closing especially after 4:30 pm.

It is like a mad dash out of the market. People are basically throwing the kitchen out of the window. Price is not a concern, people just want out in order to end their misery. This normally signals an end to the current selling. Just wait with patience and if possible don't look at the computer too often. You will get emotional.

Parrot, i reckon after this lesson you just stop trading for a while. Go and get some knowledge either by watch some trading videos and most importantly buy some investment books on trading tools and psychology. If you keep on doing like what you are doing, you will end up with more trouble.

I can consider myself a pro now. To be frank i have made 6 figure profits already so far until today . I also helped a friend managed his account and also booked 6 figure profits. Our portfolio was liquidated beginning of last week after holding it since April this year. I have been making 6 figure profits for the last few years.

It is not an easy journey. The main thing is to be able to reach the "Zen state of mind" in trading where you will have a feel of te price discovery executed by thousands of sellers and buyers. You are wrong, if your mind is well train enough you can sense the movement of the market direction 80% of the time. If not how some people can make money day in day out for the past 26 years. Read the article below.

https://www.cnbc.com/2019/11/05/how-jim-simons-founder-of-renaissance-technologies-beats-the-market.html

Even after the cras in March this year his fund is still up 21% in April.

https://www.cnbc.com/2020/04/17/renaissance-hedge-fund-reportedly-having-one-of-its-best-years-ever.html

About 30 years ago i was the mirror image of you. Newbie and trying all sorts of techniques and tactics. But still lose money. There is a lot of hard work and patience to be successful. I now have more than 600 investment books which i accumulated for the past 30 years. There is no short cut to success. Hard work and always trust yourself and not all those talking head gurus here.

Heck, this is really panic selling. I think it's about done this round. Bursa should rebound tomorrow by looking at the charts. Highly oversold and it's time for a good rebound. I went in just now because i felt that the plunge is somehow overdone by panic retailers. Market reaction is just pure panic. This is what you call "irrational exuberance" in the bear market.

I pity our Mable meow. She has been boasting about her glove stocks worth more than gold. I reckon it might be worth in silver by now. Sometimes we need to be humble. Nobody is smarter than mother market. For the past few months a lot of folks have been boasting on how much they make in the stock market. They thought that by beating the market they have been elevated to god like status where they can predict the market direction. They are calling for ridiculous TP for e.g Supermax 28.00, Top Glove 36.00 and Harta 25.00. Wonder where are all the sifus now. Supermax alone has killed a lot of investors. Today closing of 7.47 is equivalent to 14.46 before bonus issue. If you can remember a few days before ex Supermax did go above 23.50. So how much are you folks losing? About 9.00 a lot or RM 9000.


We are in a serious correction after a few months of speculation by all the retailers and newbies. Now they wish that they did not dabble in the stock market. Instead having all the money in the FD is better even though it earns 1.75%.

Heck, this is really panic selling. I think it's about done this round. Bursa should rebound tomorrow by looking at the charts. Highly oversold and it's time for a good rebound. I went in just now because i felt that the plunge is somehow overdone by panic retailers. Market reaction is just pure panic. This is what you call "irrational exuberance" in the bear market.

I pity our Mable meow. She has been boasting about her glove stocks worth more than gold. I reckon it might be worth in silver by now. Sometimes we need to be humble. Nobody is smarter than mother market. For the past few months a lot of folks have been boasting on how much they make in the stock market. They thought that by beating the market they have been elevated to god like status where they can predict the market direction. They are calling for ridiculous TP for e.g Supermax 28.00, Top Glove 36.00 and Harta 25.00. Wonder where are all the sifus now. Supermax alone has killed a lot of investors. Today closing of 7.47 is equivalent to 14.46 before bonus issue. If you can remember a few days before ex Supermax did go above 23.50. So how much are you folks losing? About 9.00 a lot or RM 9000.


We are in a serious correction after a few months of speculation by all the retailers and newbies. Now they wish tat they did not dabble in the stock market. Instead having all the oney in the FD is better even though it earns 1.75%.

Wow, seems like the movie "Panic Selling Part 2" just started.

AS said Supermax will "revert to the mean". And the comparable valuation should be around 7.00 or less this time.

Just a warning for you guys. Recovery can be very swift and fast. Faster than we can predict. In China parties and clubbing are now allowed. I am sure things will recover swiftly around the world sooner or later. Demand for gloves will not be as spectacular as it is now. There might even be a glut as new entrants now rushing to set up their plants. See the article below.

https://www.ft.com/content/548e151d-39ae-4c6d-9241-b36c3de687b0

So, trade cautiously or you will get wipe out.Just remember in April this year Supermax was trading at about 0.75. Imagine how much it went up before ex. More than 3000% or 30x? Again just one or two quarter of excellent results doesn;t mean much especially with 2.72 billion shares now. EPS will be diluted. Put it in a simpler manner. "One swallow doesn't make a summer".

Told you guys to sell this morning. No one heeded. Now you know what panic selling looks like !!

Today it's only the Part 1 of the movie "Panic Selling"

Tomorrow it might be showing "Panic Selling Part 2".

Because as i mentioned there is another 1.36 billion shares credited to Supermax investors account. Again, if you don't sell others will sell. If you don't panic others will panic.

By the way today all the gloves and vaccine stock got wipe out. Pharma and Dpharma suffer big losses.

If the 11,000 lots got thrown. Big plunge will follow suit

Look at HLT. From 3.33 to 1.33 today. Already lost more than 60%. If there is any indication Supermax and the rest will follow suit. Retrace at least 40-50% from the top. So i am looking at 7.00 target for Supermax.

If Harta today give way, There will be another round of big selling as Harta and Topglov is in the KLCI component stocks. A big drop in KLCI will trigger another round of selling.

The panic ones are the newbies. Not many from here unfortunately. If you are not panic then others are in panic mode. Theu don/t give a f**k whether you are panic or not. They will sell.

Why buy today if you know the price of chicken is going down tomorrow>
Why not practice some delay gratification by buying tomorrow with plenty of supply (1.36 billion shares)?

I don't understand what is the rush to buy today?

Is it because of FOMO - Fear Of Missing Out? Scared Supermax will rebound after lunch and miss the boat?

My advise is don't be a sucker !!!

You will end up in the cleaners.

There will be another fresh 1.36 billion shares due tomorrow from the bonus issue.. Now Supermax total NOSH is 2.72 billion shares. I would consider it's ridiculous. If you don't sell others will sell by tomorrow. Especially with the weak global sentiment nowadays. Yeah, you can hold tight but others cannot. They will sell when others sell which in turn created a panic selling situation. Just see the manifestation today and tomorrow.

My advise to investors over here is just liquidate everything you have. After lunch there will be another mayhem. Supermax shares will plunge because

1) ratio of retail (newbie) investors are higher than institutional. Hence this counter's performance will be affected by their emotional ups and down, euphoria and panic. If Supermax don't recover after lunch expect to see it trading below 9.00 by closing today.

2) P/E of 48.5 is considered damn high. Historically S&P only trade at an average P/E of 16. So the US market is also super expensive. It will plunge until all the major indexes "revert back to the mean" where earnings are more in line with the stock price. Same here, Supermax shares will need to correct "back to the mean"

3) Too much retail speculation in Bursa. I reckon once the moratorium ends at the end of the month, there might be another panic selling. Investors always "monkey see monkey do". If they see others are throwing they will also throw without finding out what is the reason. Hence there will be a "negative feedback loop" where Supermax price will get lower with each liquidation as it will push the price lower.

This CUTLOST really lose until LOST his brain. Did you see how many lots are there queuing up for at 0.22 or not? 26 million shares. and how many lots done at 0.22? Only 69 lots !!

How many lots of XOX-wb done or not? Only 201 lots. And there are 2117 lots queuing? Somemore caimed it's XOX-WA. Where is XOX-WA?

F**k man, If want to bullshit then go somewhere else. We are not f**king born yesterday. You really lose until your brain shorted !!!

I suggest you fellows dump this stock like a rock. It has already done with. Syndicates already left this counter. Don't tell me you fellows don't know? Look at the volume, damn small compared to previous days. It's more like Ali selling to Ah Chong and Ah Chong selling to Saminathan and Saminathan selling to Karamjit Singh. LOL !!

You see when they keep posting positive news about all sorts of agreements like MOU, MOA, HOA, LOA and so on. That's the signal the stock has reached it's peak. Only suckers go in and buy. Now all of them got jammed and will become long term bagholders of XOX.

XOX keep on issuing shares from 1.1 billion to more than 2.6 billion. Even though conman Datuk Chai controls about 5% and Tam from HK controls about 8%, their holdings has now shrink. If i am not mistaken those shares issued at below market value mainly go to those substantial shareholders through proxies. So what if Datuk Chai controls about 5%. He can't sell directly without informing Bursa.

But clandestinely behind the scene he got more than 5% distributed from the private SIS through proxies. He and Tam could have liquidated the bulk of the share issuance and already make a huge profit. Those 5% and 8% held by them in XOX are probably free shares.

What i recommend is just chuck this piece of shit before it goes below 20c.

Hi guys, how is the Hong Kong Tai Chi shaking exercise going ? Hope everybody gained from it by way of physical or mental. I mean your brain got twisted. Wen XOX rebound your brain tends to enlarge in size. When XOX dropped like shit aka this morning to 0.20 your brain tends to shrink. This is from Ariel Kiev a hedge fund psychologist who did a study on this matter.

So, you guys gained in a way for brain exercise. The Hongkis will continue their specialty (market shaking) until there is no more interest in this counter. Comments on this forum will drop to less than 20 a day should be ideal. Then the Hongkis will in one great scoop push the market to the moon. Retailers interest will again initiated. Hongkis will start unloading to retailers who will later f**k the Hongkis being unscrupulous,

Well that's how the game is currently played for what i see.

So, enjoy it while you can and learn from them.

How is the Hong Kong Boom Boom Cha Cha going?

Nice or not?

Hi guys, wonder how is everybody going on with the Hong Kong body shaking exercise? Now is only appetizer. You haven't seen the main course yet. These Hongki operators like to put a lot of fake buyers to lure retailers into the share.
Retailers thinking that's it's safe to enter because there are a lot of buyers.

At the moment XOX it is still ok. At least people are throwing to the buyers. You can actually see the volume done. In Hong Kong those fellows just pull out their bid for about five levels down. Say XOX is now trading at 0.215. Then suddenly they pull out their bids for, 0.21. 0.205. 0.20. 0.195 and next buyer is 0.19. Then your balls really shrink until up your throat. By the you probably have 3 apples in your throat instead of one.

Then when everybody throw at 0.19 buyers appear again and start eating up. Probably back to 0.21. Then they will repeat it again. After a few days of shaking they will probably move up for good. But at that time who dares to buy?

Just go to the Anzo thread and read more about this Eddie Chai. How he played up Anzo stocks with so many announcements. Seems like Anzo is ggetting into everything that is lucrative. Taking over a rubber glove factory in Manjung Perak that never materialize. The so called billion dollar copper deal that did not take off.

When that fellow start playing Anzo's share in May while it was 0.025. Investors are treating him with god like status. With so many announcements one come after another, everybody just sucked in by the euphoria.

When he unloaded last month from 0.26 it dropped to 0.10 yesterday. Now all the investors are crying and f**king him left and right. Calling him conmen and all sorts of names.

That's why i said if make money then cabut lah. Why be so greedy. To be frank i have made 6 profitable trades in rubber gloves counters since yesterday/

Hi guys, how is the Hong Kong bone shaking exercise getting along?

With the Dow Jones futures up by more than 270 and also the prospect profit registered by glove companies, i believe the bottom for glove stocks has been set today. Moreover our KLCI index has shown an inverted hammer. It indicates that our rally should continue tomorrow.


https://www.bloomberg.com/markets/stocks/futures

https://www.bloomberg.com/news/articles/2020-08-12/eye-popping-rally-in-asian-glove-stocks-will-continue-citi-says

Look at their profits.

Carepls up 3073%

HLT up 214%

Supermax up 462%

Topglov up 200%

Harta up 133%

comfort & kossan yet to announce their latest.

No joke. These are real profits and not bullshit. How to ignore? There are now news about (not fully tested) Russian and Chinese vaccines coming up in September. Heck why bother because we are not going to hold it forever. We are profit oppurtunist. By September if this glove rally continues we are able to make at least another 50-100%. We unload end of August and then see how well is the response of the vaccines. Is this the right way to play stocks? Seek oppurtunity and capitalize on it !!

Heck, some of the glove stocks already drop close to or more than 50% already. For example HLT drop from 3.33 to 1.45 today. It is more like a 58% drop in days. Comfort drop from 7.28 to 3.60, Carepls from 5.8 to 3.01 and Harta from 21.50 to 16.00 today.

But the icing in the cake is i saw most of their prices are bouncing off the MAV 50 days support. I reckon their huge price drop have somehow overdone because retailers and newbies are panic selling. In other words this is just an anomaly and glove counters should find their footing by tomorrow. In sum i reckon the level of risk as subsided if you buy tomorrow and the return is more than commensurate.

"Always buy when there are blood on the street", an investment advise by Rothschild

Anyway my average price for my WB is around 0.042. So i reckon i will leave some money on the table for oters. Today i saw excellent opportunities in other ACE counters as well. Retailers and newbies are throwing like no tomorrow.

1) asiaply low 0.31 high 0.50
2) btech low 0.385 high 0.60
3) carepls low 3.01 high 4.29
4) fintech low 0.10 high 0.14
5) HLT low 1.45 high 2.06
6) Inix low 0.54 high 0.83
7) LKL low 0.795 high 1.08
8) Mestron low 0.14 high 0.20
9) smtrack low 0.26 high 0.41
10) Kanger low 018 high 0.325

Heck, if you could have bought during the panic sales some of them ypu can ake about 40% profit already. Today all the big taiko of gloves like Top Glove, Supermax, Harta and Kossan all kena bloodbath. All drop more than 2.00 with topglove and supermax dropping 2.80 and 2.78.

Well, i would like to say that i have just sold off all my WB at 0.205 and moved to rubber gloves counters. Excellent oppurtunities over there.People are now throwing fundamentals out of the window. Panic selling is going on. Just make a quickie there on hlt. I will be trading around glove counters as panic slaes in on

So, guys. Adios for the moment

If you guys can remember i almost never ask you guys to buy or sell. I merely warning those newbies and other investors that are "building castles in the air". If you guys are sharp enough. KYY also did a warning in one of his recent articles on tulips. Why the hell is he writing about tulips of all things? The tulips that he is referring to is the 1637 tulip mania.

https://en.wikipedia.org/wiki/Tulip_mania

And this is KYY's article on tulips.

https://klse.i3investor.com/blogs/koonyewyinblog/2020-07-12-story-h1509864199-Tulips_to_cheer_you_up_Koon_Yew_Yin.jsp

The message he is trying to convey is he is getting the F**k out. The prices of glove stocks are way too high and i am cashing out. But most investors didn't get it thinking maybe he is talking about his hobby. In the middle of July last month rubber glove stocks are trading almost at their high. You can check the charts. Now that a lot of so called ikan bilis got burnt and wiped out, he is happy collecting again.

I know a thing or two on how Hongkis operator works is because i used to invest in Hong Kong market. I invest through a company named BOOM.com. It is now known as Monex BOOM after the Japanese financial group Monex taken over the company.

http://www.boom.com/en/why_boom/multi_market/

The main advantage in using BOOM is that with one account you can trade 12 different markets. So no need to open accounts everywhere and also save money on currency conversion as the currency of choice is the USD.

One of the main reason i stopped is that the subscription for their price feed is very expensive. They don't provide free price and datafeed. You need to pay. For a decent system (minimal charting) it cost you about RM 250 a month. A more advanced version sets you back to RM 400. This is only for Hong Kong market. Other markets like US or Thailand you need to pay extra. Since i don't trade very often the costs outweighs the benefit.

What to do if Malaysian retailers want the stock to limit up every morning. Retailers here don't have patience and discipline. If you don't have patience then might as well buy small or big in the dice game. Then it's really fast. Some more open 24/7. Lim Kok Thye says "welcome and please bet bigger".

Right? Or better still just log into one of those online betting sites. You can online casino, EPL, greyhound race, horse racing. rooster fight and many more. Those are more instant. Bet now can get winnings in an instant. Why bother to come here. Funny lah, retailers all over the world acts the same. I bet in many markets currently. I have accounts in Singapore, Vietnam, Thailand, Hong Kong, Australia, and Indonesia.

All i can say i that the retailers in different countries belongs to the same species. Greedy, impatience and wants fast action. Unfortunately Bursa has been under performing most Asean indexes.For example the Philippines Stock index went up from 1800 in 2008 to 8760 this year. Bursa Efek Indonesia went up from 1242 in 2008 to 6606 this year. Ho Chi Minh stock index went up from 246 in 2008 to 1200. Bursa Malaysia went up from 866 in 2008 to 1856 in 2018.

So you see our Bursa's performance is worst among our Asean neighbors. One of the main reason is over here in Malaysia e have too much regulations. Previously whenever a stock limit up or traded heavily Bursa will issue a UMA.

Currently in Indonesia in order to promote and protect their markets. Limit downs is only set at 7% from 35%. Soa stock is only allow to drop maximum 7% daily. But limit up remains at 35%. So the chances of losing big in the Indonesian market is very small. Whereas to make big money is much easier than here, Since the day i started trading Indonesian stocks in 2008, i have only seen a few UMAs. Their stock market are also politically linked. One of the biggest manipulator is the Bakrie Group. Their boss used to be the chairman of the Golkar Party. Imagine during the 2008 Global Financial Crisis market crash, the whole Bakrie group stopped trading for almost weeks. Only open trading when the storm is over.

https://en.wikipedia.org/wiki/Bakrie_Group

There are 10 listed companies under the Bakrie Group umbrella. Just to give you an idea of how serious their stock manipulation. Take Bumi Resources (Bumi.jk).

It's share price went up from RP 25 in June 2003 to RP 8750 on June 2008. Then on January 2009 about months later it crashed to RP 385. Then it shoot up to RP 3475 on September 2009. From then it dropped to RP 50 today. Stocks in Indonesia don't drop to 0.005 like here, Their lower limit is RP 50. The funny thing is that that their warrants can go to RP 1. I have been burnt before thinking that the warrants has a lower limit of RP 50.


https://finance.yahoo.com/quote/BUMI.JK

Pang72 is nowhere to be seen after yesterday's failed limit up by XOX. Was damn active on Titijaya, ikhmas and Dpharma.

Today he is also damn busy promoting those counters above. Seems like his rolling stone mode has caught up with him. Shifting his money between these three counters. From his comments, he is out of luck. Unfortunately all three counters are in red.

So, i reckon he is now in the process of getting burnt in.

1) XOX

2) Ikhmas

3) Titijaya

4) Dpharma.

Good for him to be a momentum chaser. Because Datuk Chai needs people like him to create volume. In the end as i said he is going to lose everything. Datuk Chai will be opening his cristal champagnes to celebrate on behalf of all the fools that helped make him rich

That'a how HongKis play. Shake you fellows left and right. You don't know actually when they exit the trade. But from what it seems to be accumulation at 0.295 - 0.305. I am confident it should move out soon after shaking out all the weak holders.

What happened to our hottie Pang72? Told you all not easy to limit up with 2.1 billion shares.. From the way it looks the operator encountered problem in pushing through 0.305. It should have similar problem tomorrow between 0.305 and 0.315. That's where on the 27/07 the total volume traded was 1.47 billion shares. As of today the amount of shares absorbed between that prices was :

1) 0.305 343 million
2) 0.31 135 million
3) 0.315 32 million

Totaled about 510 million from 640 million shares traded today. Looks like It's very well absorbed. I can confidently say that tomorrow morning XOX will be breaking today's high of 0.32 with ease.

As you can see today XOX-WB has done much catch up with XOX-PA for this past 2 days. It is now approaching the "path of least resistance" as what XOX-PA has achieved for the last 5 trading days.

The "path of least resistance" means the operator has already accumulated enough shares from the open market. It now has the largest inventory and will move the share price whenever and wherever he wants.

You see like today for XOX-PA to move 0.035 the volume done is only 6.8 million shares. But for XOX-WB to move 0.055 the volume needed was 88 million. More than 14 times the volume. If you look back at XOX last friday's performance. To move from 0.14 to 0.17 or 0.03 it needed to transact 120 million shares.

As you can see, XOX-WB is moving towards the "path of least resistance" and shall be in full control of the operator soon. Moving up and down XOX-WB share price will soon be at the whims and fancies of the operator.

XOX should be able to touch 0.35 in the afternoon. I just made an excellent trade just now. Sold my WB at 0.21 just now and bouht back all at 0.195.

Thank you XOX-WB for taking good care of me. Will reward myself with a super car after this.

Thank You again.

Another thing is that investing in Bursa is extremely dangerous especially those small cap stocks. Read the article below.


https://www.thestar.com.my/opinion/letters/2020/08/07/caution-for-novice-investors#.Xy6aKC_kuk8.facebook

If i am not mistaken Bursa is going to take action to reign in such activities. It is not if but when. If this happens then all the newbies is going to lose everything.

Don't know why a lot of people linked Daniel Tam as the proxy to Li Kar Shing even though even though they are from a same company. Just think logically. Why should Li Kar Shing wants to invest in XOX by using Daniel Tam's name. You mean he is so bloody stupid to tell Daniel "please buy XOX share for me but use your name first. Later transfer back to my name. OK"

If you are a shrewd investor do you buy shares under someone's else account?

If Li Kar Shing really wants to buy then why not buy through his own venture capital firm, Horizons Ventures?

https://www.techinasia.com/li-ka-shing-story

Heck, you fellows don't start dreaming of limit up in the morning.

1) Who said Anzo limit up?

The person who said Anzo limit up should be shot. You o back and check Anzo's chart. It started to go up from 0.04 on 15/06/20. It reached it's peak of 0.26 on the 07/07/20. It took more than 3 weeks to go up by 0.22. For penny stock limit up means + 0.30.

The problem is you all never asked what happened to Anzo's share today? It last traded at 0.135 last friday. That means a lot of people got burnt.


2) Why Overseas so easily limit up?

Main reason is The total NOSH of Oversea is only 246 million. XOX has 2.1 billion. XOX outstanding share is 8x more than Oversea.

If you look at XOX's past performance the best day it had was on 27/07/20 where it went up only 0.065 which is less that a quarter of 0.30. For your information the volume transacted was 1.4 billion shares. If you minus off all the PA and WB conversions the NOSH on 27/07/20 should be around 1.5 -1.6 billion.

https://klse.i3investor.com/insider/substantialShareholder/0165/29-Jul-2020/494455_1629049948.jsp

So, XOX now has more than 2.1 billion shares.

https://klse.i3investor.com/additionalListing/0165/07-Aug-2020/25818_1332311263.jsp

If the operator decided to push for a limit up of 0.30 tomorrow, then the daily volume transacted tomorrow should be at least 1.6 0 1.8 billion shares. At least !! Do you think those HongKis will risk it? I hope so.

Correct me if i am wrong.

This pang72 fellow is all over the place. He will always be in the hottest stock thread. He will promote it like there is no tomorrow. Calling sky high target price without any fundamentals. Newbies will be tricked by him. I have seen him in other threads and as usual he got f**ked in the end. He is more like a "rolling stone gathers no moss". Like now he only come in at around 0.29. How much can he earn if XOX do go up to 0.40? Only 30%? That's why he call for a TP of RM 3? As always he is too late for the party.

But what are the basis for XOX to reach RM 3? Last quarter alone lose RM 4 million. Now it's all talk and no action yet. No even a signed agreement. So you guys especially newbies have to be careful about this fellow. If not you will be f**ked in the end.

Wow, look at all the glove counters today. Most of them suffered big losses.

Carepls - 0.82c
Comfort - 0.65c
HLT - 0.66c
Supermax - 0.86c
Harta - 0.66c

Those fellows who have been having one hell of a good time are now crying. Total madness using forward P/E to predict future share price? Heck sure to go to the cleaners.

Some big player just entered into XOX-WB. Look at the stock tracking. Starting from 3.00 just now someone has been eating up 5000 lots at one time. I reckon XOX-wb is making up for the lag with XOX-pa. Should be able to see 0.17 today.

Guys watch out for XOX-WB. Should be coming soon after clearing 0.145.

Yeah, Vivocom is a classic case. From about 0.02 went up to about 0.35. A lot of retailers burnt. There are having all sorts of alphabet soup agreements like.

LOI - Letter of intent
MOA - Memorandum of Agreement
MOU - Momorandum of understanding
HOA - Heads of Agreement

Heck, the totaled scammed unsigned agreements amount to more than RM 2 billion. Every few weeks there is a new agreement. Heck, so many investors got carried away thinking that Vivocom is the next billion dollar company.

Sadly it did not happen !!

If you are new to XOX then you are forgiven. If you have been long enough with XOX. Then you should know that in May XOX was trading at 0.025. XOX-PA was
trading at 0.015 and XOX-wb was trading at 0.015. Check the prices yourself at the charts.

In other words XOX-PA increased more than 1000%, XOX-wb increased by more than 900%. And XOX as increased by more than 1000%.

So is XOX doing any worse than others in terms of price appreciation?

A lot of newbies here and other counters lacked patience and discipline. Buy in the morning and expect to make a profit by closing. Tomorrow rinse and repeat. Waloa eh !! then we should have millions of millionaire in Malaysia. The problem is that we have millions of millionhair.

Hahahaha, correct me if i am wrong. You just go to those rubber gloves thread in i3 like comfort, harta, topglov, supermax and so on. Now they are licking their wounds. Daily comments has sharply dropped from more than 400 to about 100. When the market is down nobody wants to talk about it or even look at it. That is why all newbies lose money. Momentum players or chasers. And some suckers giving all sorts of ridiculous target price saying it's from insider. My foot !!!

Well, they won't know how bad it is going to get until the whole market reverses to the mean. That's when the market correction get rid of the excesses created by all these fools. You see most glove counters have their P/E ratio above 100. There is an article here on i3 "How much profit do glove maker need to sustain rally". Read it. The best benchmark for an ideal P/E should be the S&P 500. For the past 100 years the average P/E for the S&P is about 15.

XOX can be a dangerous play if you are not careful. Normally top volume stocks can last their play for a month or two. Smart operators will always think of ways to exit their stock. By trading high volume they make sure that at the end of the day they only hold small amount of inventory. Tomorrow they will start their stock churning again. Buy and sell rinse and repeat. When they are playing with huge volume a 0.005c profit is a lot.

So if market condition deteriorates like US market crash, vaccine has been found,political uncertainty in Malaysia and so on.They will just exit because they are holding a small inventory. Retailers are holding most of the stocks. What happen after that? Operators say "thank you" while retailers say "f**k you".

As you can see the small retailers stopped throwing now. Operator has accumulated enough at 0.265. About time to push up. Those who sold earlier will start buying back again.

Now is the best time to buy. Operator is doing the shake out. Those who are throwing are small retailers 50 - 100 lots. I believe the operator will emerge bug time afterwards. So, it's time to load up.

As for the XOX-PA correct me if i am wrong.

1) Conversion price 0.05
2) Ratio 2:1

So to convert to 1 mother share you need 2 x PA (0.175) = 0.35 + 0.05 = 0.40

In other words it is out of the money by - 48.14%.

For reference you can click the warrants section at the top menu. Ten you can see the conversion rate and ratio. And also the out of money (-48.14%).

Why XOX-PA is flying and not XOX-WB? I think most people think that the conversion rate is 1 PA + 0.05. Or 0.175 + 0.05 = 0.225. That's why they think it is still in the money. And they are pushing it up like nobody business.

Today's closing is excellent on the chart pattern. Long leg Doji. Signifies extreme bullish. Look at today's volume, the highest in the past 5 days. I reckon by tomorrow or next Monday should be able to break the new high of 0.315.

Congratulations to all holders !!!

For those who thought that making money out of Hongki operators is easy. Think twice first. Like just now at about 10:30 the operator just pull all their bids and let XOX drop till 0.24. If you are inexperienced then you will get shake out. Along the way there is going to be a bumpy ride. A lot of these shakeouts. Buy and Sell then sell and buy by the same operator. Yes, operator turned seller from buyer.

So, the problem is we don't know when operator is exciting this trade. I have seen too many of these manipulation. Newbies are bound to get trapped because they cannot handle the psychological part.

So, after lunch i will reckon operator will let the retailers play among themselves. They will emerge after 4 pm.

From the tracking, i can sense some cunning bastards are collecting at 0.135. Slowly they are accumulating between 500 - 1000 lots. I reckon there is a big player accumulating. So keep an eye on XOX-WB. It might just shhot up to compensate for the difference with XOX-PA.

All the kucing kuraps are playing now. Anyway look at XOX-PA already 0.165. Yet XOX-WB only 0.135?

Doesn't make sense isn't it?

Have to wait for the operators to come in. Most probably after 12.00pm.

Remember we are dealing with operators from Hong Kong. They are pros in this game. Many levels above our local operators. You can see what happened even in the TVB drama, the "Ting Hai" effect. How they manipulate the market. In the end all the small investors got fried and wiped out. Most have to resolved to etting loans from loan sharks.

In a way we have to be very careful when dealing with these Hong Kong manipulators.

You read the following articles on "Ting Hai effect"

https://en.wikipedia.org/wiki/Ting_Hai_effect


http://asianpopnews.com/hong-kong-netizens-worried-that-ting-hai-effect-will-crash-the-stock-market-again/

The conclusion is don't f**k around with all these Hongkis. If you earned enough then just let go. If not you will be screwed nicely by them. I can assured you of this because they are pros in playing with investor's psychology.

If you are so emotional then you are gone case. Guarantee to lose big money when the whole market collapse like in March. You will get wipe out.

Anyway from what i see, XOX should shoot up this afternoon. In the morning the big boys not in yet. Only the small player buying 50-100 lots. You can see they only come in just after 12.15 pm just now. So i expect XOX will surge with big volume in the afternoon.