Wow...what a strong wash out or shake out...hit 5.33 limit down at one point

myself also kena shakened and disposed off some to take profit some..but still held on to some..luckily rebounded. Will let the remaining enjoy phase 2 of the price run after this major shake off

Better don't watch the screen and just set stop limit buy order and go do something else..otherwise sure do something stupid

The Lim family and its related investment co is supporting the price with aggressive buy...wonder it was from with funds previously cash in from the sale of Empire's stake

Apparently it looks like they need to maintain the price at a certain level. at least RM4 it for whatever reasons..may be certain block has been collaterised to raise cash to do another manuevre for their own personal benefit. Don't under estimate them

RHB TP RM10 but cap margin at RM5, MBB TP price at RM9.8 but cap margin at RM3.38..what does that mean?

To drive a strong sustainable rally, you need strong mid term investors, and less contra day traders. Apparently RHB and MBB is helping to do that by shaking off weak holders who depended heavily on margin and less able to stomach correction.

Going forward, some correction may be seen to clear margin players who cannot top up, and then the uptrend will continue but not drastic type of price rocket,more steady pace and less volatility.

B4 this rally, only the other top 3 kings got institution funds, big funds just started to get involve with supermax, with the recent analyst briefing etc, so fast game over d..where u think Stanley will put his face if that happens

RHB call wattant issuer trying to limit their loss..imagine if they dun cap..their loss is impossible to contain

Yes agree..not all comfort gloves are medical but they do also have medical gloves..but only lesser % compare to big 4 like supermax

otherwise they be in same league like big 4 ..and the price is not so cheap d

Don't let too many noise here affect u..need to think logically

is this correction a shake out or bubble burst ?

Should ask these questions :-

Is the covid pandemic effect still there and the demand is still high ?
OR
Vaccine is developed and available to public soon? within next few months? and therefore demand will dramatically decrease soon?

As long as the fundamental and external factors still intact, the play is not over yet. But once vaccine is available, then burst

is this correction a shake out or bubble burst ?

Should ask these questions :-

Is the covid pandemic effect still there and the demand is still high ?
OR
Vaccine is developed and available to public soon? within next few months? and therefore demand will dramatically decrease soon?

As long as the fundamental and external factors still intact, the play is not over yet. But once vaccine is available, then burst

Some lucky chaps got real cheap this morning..fortune favours the bold

Just look at how fast it rebounded from the low this morning..you know its not over yet

Still holding..looking at all the glove counters, topglove and spermax are the ones with the edge for higher margin but since topglove already shot up yesterday, this puts spermax at a good position for further price increase.

This stock is famous for one day show...kena trapped again.

Simple concept..many think if MCO lifted, covid numbers down, then no need to wear mask ? The plain simple truth is though the number is down, the virus is still out there and so far no vaccine yet.

So you think people still continue to wear mask or no need wear mask.

One piece of mask is RM1.50, wearing it can help to prevent kena covid, you think people will save the RM1.50 and take risk??

Until a vaccine is developed, people will continue to wear mask, don't know about you people, but at least I will.

Another major catalyst for glove counters, though less so on humanitarian ground, is the ongoing riots in US, that will probably aggravate the covid 19 pandemic there.

If you watch the rioting past few days there, thousands gather to protest..totally ignore social distancing, eventually may trigger a second big wave of covid 19 in US.

Just watch out

Rubberex price exceeded Comfort d...like that also can..haha

Another major catalyst for glove counters, though less so on humanitarian ground, is the ongoing riots in US, that will probably aggravate the covid 19 pandemic there.

If you watch the rioting past few days there, thousands gather to protest..totally ignore social distancing, eventually may trigger a second big wave of covid 19 in US.

Just watch out

Yes to joyvest on this.

Despite some previous disagreement with him, I have to agree with him on this

https://www.thestar.com.my/business/business-news/2020/05/29/sp-ratings-downgrades-genting-rwlv-on-slow-recovery

Caution :- many institutional funds, especially the foreign funds, their investment portfolio are guided by S&P ratings, not based on sentiments or loyalty to the Lim family.

Looks like there are some hard core loyal Genting investors here whose mindset has been pretty much cast in stone.

Best scenarios for Genting is the vaccine for covid 19 made available to the public, the shorter the time, the better for genting but if its gonna take some time, then every minute is like eating into Gentings reserved earnings.

No doubt, with its huge reserves, it may survive the ICU, but it will definitely come out as a weakened entity, cos of the damage done. the damage it suffered will be most profound compared to other industries coz of the nature of of it revenue stream..tourism and gaming..even worse than Air Asia, who still managed to be able to do some business under essential travelling. But mind you there is no such thing as Essential tourism and essential gambling.

Tourism and gambling is considered luxury, not essential, and even after covid where recession will ensue, the demand for them are extremely elastic in relation to income.

it will take a long and hard time for this Giant to rebuild itself to its former glory days..if it ever .

In the 19th century start, there are some hard core railway investors in the US who believed that investment in railway will never go wrong coz it has been the blue chip for decades..so they held on and on believing that once a blue chip, it will always be a blue chip and the world will not change. Good luck

But also to put in unbiased view, the price has been going up sharply, likely will experience some consolidation, but as long as it is supported by good fundamentals, any dip is a good opportunity

I hv recently came across some blogs, investor club, gurus...trying to caution on supermax ..one of them even put a suspicious angle to supermax's price rising and its biz model..claiming that why only supermax has overseas distribution center doing OBM ,and the other top 3 kings dun hv..so something is fishy.

The fact is Top glove also hv overseas centers doing OBM, not only supermax..so nothing is fishy.

He also claimed that the profit enjoyed by supermax is "abnormal" trying to create an impression that it is not sustainable, one off thing. First let me correct, yes it is abnormal, but it is very much sustainable..as long as covid pandemic is still there. So if you think that the covid pandemic will suddenly disappeared next quarter, then the guru is right. otherwise...the abnormal profit will be there for some time.

So sometimes gurus, in order to persuade or mislead investors, can also use false info. Just check your facts b4 trusting completely the so called gurus.

Many of them is still trying to promote the counters that they were promoting previously, now loosing money counters, hopefully to prop up the price. Many of which, the fundamental has changed, previously may be OK but now no more, due to covid 19 and the new way of life post covid. So be careful

This joyvest joker, initially i remembered he used to criticise this counter...probably sold too early and missed the big boat. Then he got really vulgar and bashful..probably to vent out frustration on those who did not sell and hope to press down the price but the price did not go down and went shooting up

lately , his sentiment changed, from what i guess, he bot back finally..cannot tahan, but most probably at a much higher price..the time could be around RM 6.

So now he became the supporter again. No harm...better late than never

Strange bunch of investors here...use loyalty as a reason to invest..please keep in mind that you are just an investor, not a soldier or army.

I doubt genting will treat its minority will the same kind of loyalty in return, when they use Company funds to cash out owners loosing stake in Empire

Technically speaking is OK coz the amount dato Lau sold is relatively small compared to total daily volume BUT it is sending the wrong message to the investing community, some more everyday sell non stop.

But if everyday sell like this, though each day not big, but cumulatively over a period, it could be substantial

It may send the wrong message that the owner is not focus in his business, depends on trading of shares to make money or no long term commitment to his business..cashing out...etc.

People will also look at its peers...example Spermax...frequent SBB some more owner daughter also buy even at high price.

Sometimes is not what you do..it is the perception or signal from your action that the investing community judge you.

As I see it, many institution funds are also caught in genting unexpectedly, I think they are also trying to get out, so they hv to prop up the price around RM4 and at the same time publish lots of higher TPs, so can gradually distribute to retailers.

Once they are gone, and lousy QR is out, that's when it will go one notch lower and eventually hit bottom in a years time.

The only light at the end of the tunnel that will save this endangered empire is the vaccine cure for covid 19, nut that will be some time.

Do not fall in love with a particular stock...that's the priciple in investment.

Yes genting used to be the blue chip for many years..but this covid 19 has changed everything. We gona hv a new way of life, new paradigm shift, like it or not, and its not going down well with genting business model.

Hv you been to genting casino before, everybody crowd around one table in extreme close contact and shout picture, picture. Even if MCO lifted, you think gamblers dare to go gamble like this risking their lives, many eventually, the younger ones will switch to online casino. Can genting casinos survive only with auntie uncle older gamblers, they are not high rollers and who will eventually phase out soon due to old age.

Survive with only theme parks and premier outlets, yes but the revenue will not be spectacular given the huge overhead and infrastruture..may be just little profit or breakeven, compared to those days where casino revenue has the highest margin of all

Pity genting, from a bluechip eventually become a sunset business model, because this new way of life coming soon brought by coivd 19. The best scenario is a cure for covid 19 vaccine become available..but that will be at least one year. With its big infrastruture and opex can genting tahan that long?

Every empire has its end..no matter how glory when at its peak, nothing lasts forever..it comes and go.

Crazy glove counters rotational play

See how the funds flow between them...first the big 3..then flow to spermax..then flow to comfort...then flow to rubberex (NOW)...guess next where it flow to ??...careplus??

Gotta keep one step ahead to get the big juiccy meat..if late then only bones left

joyvest...same to you.

Such foul stench coming out from your openings

The joyvest guy is back...full of bad taste , probably miss the boat or sold too early..but no b0lls to re-enter, coz price keep going up non-stop, not much breather...what a joker

if tag in tandem with comfort purely based on capacity and market cap, rubberex price should be approx 85% of comfort, not taking other factors into consideration

Comparing Comfort and Rubberex purely on capacity and market cap, taking into consideration Rubberex new added line in June 2020, if comfort is 3.20, then rubberex should be around 2.73.

Apparently overshot Comfort d, may be rubberex better sentiment, as Comfort boss Dato Lau, keep selling its shares in open market and also bad vibes from FDA warning..lol

Wonder why this Dato Lau keeps selling in daily in the open market...unlike Spermax got SBB la and and in addition founder daughter also started to buy ?

few possible explanations :-
1) He sensed its overvalued
2) he knows something bad happen
3) personal reasons,nothing to do with the fundamentals of the company, may be need cash or whatever

Who knows ? Only he knows but I am sure he not gonna tell me and you in this forum,

To be honest, if the detention by FDA is rectified, Comfort should resume its uptrend, so this may be a good opportunity to buy on temporary weakness.

Once rectified and FDA is satisfied, it will be smooth sailing for Comfort's future export to the US. Precedence set.

May be Comfort should also include a bag of Oldtown white coffee to belanja the FDA lady, something different than the Starsbuck she been drinking..lol

Being smallish, may be comfort didn't belanja FDA officials minum kopi, thats why export detained by FDA and warnings issued.

You think white men all clean clean one meh, then how do you think those drugs got across from Mexico border to streets of L.A

Just joking.

Crazy..waiting to buy more no chance..instead end up selling bit by bit

I remeber one guy called joyvest..dunno where is he now?

Crazy la..really regret letting go a portion earlier..the missed profit quite substantial..no heart go calculate ..bang balls. Only hope remaining holding can give big duit raya.

Half sad..half happy..never expect it can shoot up like this..even TA is out of whack

Up again, why rest so short, no give me chance to re-enter, now dilemma d..go or no go?

waiting for correction dip to re-enter but not happening, looks more like sideway consolidating .

To filter out all the noises, just keep it simple and consider these :-
1. Uptrend /growing earnings - almost certain for next QR and more
2. Undervalued compared to industry peers. lowest P.E i think, if not also 2nd lowest

If can meet above condition, invest mid term should be a profitable trade. Yes along the way there bound to be volatility, but common, where got straight line up one..first day investing meh

Just going thru funds flow in and out of Bursa with respect to 3 categories of investors, i.e Foreign, Retail, and local Institutions

For the past many weeks, Foreign funds has been exiting and initial the Local Institution is the main one picking up from the Foreign disposal, but of late , the local institution has been sidelined and the main one picking up from the foreign disposal is RETAILERS. the Malaysia tag team or what?

This trend is sending a uncomfortable signal,,where I think Bursa may go through a double dip, 1st dip completed and second dip coming when the reporting season is out, then continue recovery

damn, brief correction only in morning session, miss the dip. Like this how to re-enter? i thought correction starts yesterday and continue for few days but somebody sapu during morning session correction..Hello..slow sikit la..let us have chance to restock

What's going on ? Why such short correction? How to re enter like that !

Look..nowadays most operators on sideline.

No operators is so dump to operate when they know there is another Bigger operator at work, which incidentally is the Company itself with SBB.

The only jokers left trying to manipulate, but unsuceesfully so far is the IB Cw issuer

Seems like correction/consolidation coming..time to restock this counter...mid term looks promising ...short term in consolidation.

Buying the dip..but the dip is not that big it seems..waiting for 2.10 to 2.20 level to restock..hopefully can get

With this aggressive SBB coming into play, the covid 19 pandemic..the landscape for this counter is very different from previous pattern d.

previously more or less from looking at CW maturity, can time you enter exit point as you can rely on the IB cw issuer to do their role to push down and up the mother at the appropriate time ..but now its a new ball game.

if you still rely on the previous model, then may be disappointed.

Covid 19 has changed many things in perspective, including the way we do business in future and our lives.

No wonder just now queue 2.33 difficult to get, somebody is defending the 3.34 level..now i know its dato..buy back from 2.34 to 2.45

Why down...so many days up..some correction feels ok..if non stop up more worried

Down could be contra due, some IB try to push down, some short term players taking profit..but mid term uptrend still intact. If miss boat earlier, can consider enter during correction and consolidation, which may last a few days to a week

queue 2.33 also hard to get...looks like somebody is defending the 2.34 level

Correction coming after so many days up..waiting to grab more..but any advise what level to go in from TA sifus here

Genting grp..GenM or Genting Bhd..has rebounded from low. Wonder why so many don't want to opportunity to cut loss and try to recover from some other counters like glove counters, egg counters..etc.

I cut loss genting shares..loss about one new camry, reinvested in glove counters..now make back a new City..net net still loss but at least recover some ..if wait for Genting to go back to pre-crisis high, IMO..very long and difficult road.

Die die hold may not be the best strategy here