It seems the rebound is no strength, being weak. I think it can't last long may be today only, be aware.

Kltower, how the pandemic situation be whether bad or good won't lead to anymore bull in glove counters because its super bull is already over that needs very long time to come back, u all be patient and tolerance to wait for it. Don't expect the pandemic situation being worse will lead to up trend again in glove counters. Forget it.

It's only minor technical rebound don't know how long and how far it can go. May be only or two days then drop again, be careful.

lovetzy, I think u are dreaming, wake up, whether can go up and steadily stand at the level $6 - $7 or not is a quite difficult because all the glove stocks in down trend bearish this is the whole picture now. Don't dream it will be back to $12 not realistic and not acheiveable now.

No hot money and big players only traded by retailers how to push up the price. Forget it, be more realistic thinking. Don't think like small boy.

Just the minor technical rebound. Later would drop again because it's bearish no more bull. The more u buy the more u trapped. Prepare to keep it for long-term until next new pandemic come. Good luck.

Invest in stock market not only see the company business performance because the stock market price is influenced by many other factors and risks like market sentiments on stock, market trend, manipulation by certain parties, world and national economy and political and other issues, stock price risk especially after a bull, the stock trend which can be predicted with chart analysis.

Sometimes need to do chart analysis that might help u to make money or to avoid loss. U all crazy glove stock lovers only get drunk with all the good fundamentals of company neglect all other factors and risks, go opposite from the market trend would always lose money.

Even how good its quarter result would be useless for the stock price can't go up much in down trend with negative market sentiments, no hot money and risk of short selling. Hopeless.

Have to accept the reality of super bull is over and it's down trend now expose to the risk of short selling, either u sell off all before further drop or top up from time to time ready to be trapped to average down your investment cost keep for long-term may be until next new pandemic come.

As I said the release of Quarter result by supermx would be over looked by the market won't be the stimulus, price not go up much even have rebound because the quarter result is within people expectation nothing surprise.

Government allow short selling activities in klse with aim to prevent stock market over heat and to avoid buble in stock market. It's used to cool down the bull in stock market.

6996, short sellers won't get burnt. They are smart and expertise to manipulate it, they always make great money, only u all retailers would get burnt.

Newkid, Whatever actions to be taken by 5 top bosses would be useless if really targeted for short selling. U can see top glove company itself and its boss with family and Tropicana dumped in billions of dollars for share buy back also can't help to push up the stock price.

Supermx target price is set too high not realistic and not acheiveable compared to its current market price. Later ibs would revise its target price lower to reflect its real situation.

KUALA LUMPUR (Jan 4): Glove bulls appeared to have turned into glove bears. Heavy selling pressure emerged on rubber glove counters on the first trading day of 2021.

The strong selling on the big four glove counters pushes them down by more than 40% from their respective peaks recorded in August last year.

Some attributed the selling to institutional funds that were offloading some glove stocks to rejig their portfolios for the new year.

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Meanwhile, some dealers commented that the strong selling could be due to regulated short selling being allowed today after a ban for roughly nine months on the local bourse since March 24 last year.

Top Glove Corp Bhd seemed to be leading the fall. Its trading volume swelled to 120 million shares within 15 minutes after the opening bell today.

“The downtrend [for glove makers] has started as investors are aware of the vaccination news,” a fund manager told The Edge.

“It could be a bit more downside. From the valuation and sentiment standpoint, I think the short-term outlook for glove makers is going to be volatile. There could be a bit more downside to it,” he said.

Bloomberg reported that the roll-out of Covid 19 vaccines was picking up speed in the US.

Citing Dr Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, it reported that in the past 72 hours, about 1.5 million vaccine doses were administered — about 500,000 per day.

Kathy Fong
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Glove stocks crazy lovers seeing price dropping every day feel desperate to say world can't go back to pre-covid, pandemic will not be the last and gloves will be needed forever just blindly try to get excuses to reinforce their confidence of holding the stocks. Feel hopeless, pity u all.

Would be short selling again every day until they start to buy back. Thus, price would drop lower again on the following days. Ibs are very smart won't lose money they always make great money because they are investing expertise know the way to manipulate.

Even supermx announce its QR later, the stock price won't rebound much otherwise won't be so heavy selling now. People would over look its QR because is within expectation no surprise no stimulus. People would only see its down trend, no more bull that they don't want glove counters. It would be bearish with minor rebounds for all the glove counters including supermx.

All the crazy glove stock lovers only have two choices now either sell all now before price drops further down or buy more to be trapped to average down keep it for long-term may be until next new pandemic come. No other choice.

Investeye, how do u know the price now near to bottom? Nobody can really predict where the price bottom is. Even kyy also made mistake as I remember not long time ago he urged people don't sell for the price near to bottom but now keep on dropping lower and lower.

The more u buy the more u trapped as price would further drop because all panic selling with RSS and later IDSS. U don't sell but would see other people keep on selling, price down and down. U would be more desperate and sad.

Now no one talks about the good fundamentals of glove companies, only care for its stock price drop and look at how much the paper loss. Very desperate can't sleep well with nightmares and can't even eat thinking of it. Pity all the loyal and crazy glove stock lovers. Take care yourself.

Can say bye bye to $10,$9,$8,$7 and even $6. Bull already over, no hope, keep it for long-term until next new pandemic come.

With this kind of dropping, supermx sure would be kicked out from klse index in next review. Only half year included in klse index just for your memory.

After short selling, price difficult to go up again because the short sellers would buy back slowly and quietly without pushing up the price.

Hopeless, company super profit but its stock price drop like hell.

Going to be $5 soon. Bearish further dropping.

U all are now very crazy and negative thinking like imposing lock down to hope for bull come back to glove counters, refuse to have pandemic under control and economy recovery for u and your family survival. Very funny and abnormal thinking u all.

All the glove companies making super profit should have its shares in great demand that all investors chase to buy push up its price. Why it's opposite now most investors moved out from glove counters sold off it instead of buying and the glove stocks price down trend.

Because of that, the top glove itself and its boss with family have to dump in money for share buy back to support the share price. It's ridiculous and funny for the company having super profit require share buy back to support the price and not the market to support it.

Government won't consider lock down for its impact on economy, government wants to have economy activities ongoing at the same time of controlling pandemic. It would prefer to use vaccination rather than lock down for the control because it more focus on economy recovery to ensure u all guys be employed or your business can continue to have money for survival.

Otherwise all people including u all would suffer in live. Think about it which one is more important between your job or business and the bull for glove counters. It's no point for u to make money from glove stock portfolio but u lose your job or business later. Think about your family and relatives or friends they need the economy to recover for survival.

It seems the glove stocks lovers desperate with hot money moved out from glove counters to recovery counters caused the down trend of glove stocks.

Most of them can not accept this reality and still hope the vaccine does'nt work, pandemic no control be worse, economy can't recover so that hot money come back for another bull in glove counters let them able to sell at high price.

Thus, they every day talking about the increase of daily covid cases, the side effects of vaccines, the difficulty of getting herd immunity and virus mutation to wish pandemic continue not to the end yet.

Whether pandemic ends or still on to be worse, bull in glove counters already over won't be back soon. The thinking and concensus of most people formed the stock market trend of economy recovery even though pandemic still with us in 2021. Glove counters are normalized from its peak back to fundamental which is reflected by its current and future price.

Not only no lock down, it seems the control going to be loosen to facilitate economy recovery like move interstate allowed, touring to green zone encouraged, no limit of car passengers, no limit of persons sitting at a table as long as 1 meter distance in between. Furthermore, as I know government is considering to reopen country borders to certain parts of world aim to recover our country tourism.

Ibelieve , our country won't be any lock down, the worst only CMCO or RMCO in the red zone because government seems to focus more on economy recovery than covid situation. Government wants the economy to open and recover at the same time of controlling covid-19. Even now more than two thousands daily cases, we didn't see any lock down..

Those listened to kyy now all gone to holland.

Don't be frustrated, u should be happy with your darling supermx included in klse index.

At the price of $9,$8 and $7, many are still in pleasant and full hope for supermx will fly, nonstop talking about its good fundamentals of super profit, vaccination need to use gloves, high asp and demand for gloves, going to reach its target price etc. Why now u all become frustrated, disappointed, annoyed with your darling glove stocks.

U know why be trapped because u all believe too much, over confident and too optimistic about the good of company, its high target price u think is achievable, the increase of its super profit over next two years that make u crazy and drunk with the stock keep on buying and holding at high price no alert of its price risk possible to drop. Nothing can be at the peak forever, it would come down from its peak no matter how good the company fundamentals are.

Whether is up or down now many trapped ones keep on buying at $9 until below $6 now making loss even though supermx making its super super profit. It's ridiculous for the company making super profit but its stock holders making loss.

Now it seems nobody talks about how good the company fundamentals are, how super the company profit is and how high the glove demand is. All now focusing on its price movement whether up or down.

No big players and hot money, only the trapped retailers with it, supermx lost its super power can't fly anymore, those still in it try to get out of the plane during any rebound before it crash. It might come to crash when RSS starts in next week onwards.

The stock market characteristics is to reflect the forward looking future events and not the current events happening or the past.

Morpheus 61, what's meant by foreseen or forward looking? Do u know?

Kyy, remember the rules of investment that buy on foreseen or looking forward and sell on reality. Stock market always look forward future and not look at current or past.

Just like at the beginning of this year stock market look forward or foreseen glove companies will have super profit led by high demand for glove due to pandemic, all glove counters up trend with super bull. Now stock market look forward vaccines come out to cure the pandemic lead to decline in glove demand and profit of glove companies that all glove counters price drop in down trend.

Thus, should buy glove stocks at beginning of this year with forward looking its super profit will happen and now should sell it on reality of its super profit already happened.

The up trend of glove stocks including supermx at beginning of this year is due to the pandemic. Thus, it's logical for their price drop now in down trend when vaccines come out to control or end the pandemic. Why u think illogical, kyy old man.

This kyy old man only look at the fundamental of. supermx but he neglect or may be no investing knowledge like doesn't know how to use and read chart analysis for his investment, thus he not realize all glove stocks including supermx in down trend , the change of market theme play to recovery counters. Anyone invests against the market trend like kyy this old man would definitely make loss.

Believe me don't buy now wait until its bottom part otherwise u would be trapped more. At its bottom part, I may consider to buy for long-term.

Today closed break $6 would be further down to $5 soon may be next week as indicated by chart analysis.

If tomorrow drop easily break $6 further down to $5 next week.

Remember short selling RSS starts in next week. Glove stocks might be targeted.

It seems to drop again tomorrow.

It seems come to bearish no momentum in all glove counters.