Bad news for shorties

Just updated by Bursa after posting wrong info for the whole morning. Bursa Boleh

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210202.pdf

i think Bursa just updated the net short position as at 2/2/21

Bursa trying to hide something

No need to push up, just hold will burn them d.

Push up only benefit intra day traders

Posted by GroundZero > Feb 3, 2021 10:32 AM | Report Abuse

6.8 is a good price to sell. dont wait until 68c

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Want to scare them also come out with something more sensible la..68 cents only make them hold onto to their tickets more firmly. i try to buy cheap, please don't spoil it for me

Hello gemfinder, you got to do better than just paste some outdated link here.

Your boss JPM is going to change you if you still recycle old stuff. please spend more time on this ok and work harder ya. Tomolo i want to buy cheap and I depend on you now. Pls don't disappoint again.

Posted by gamestonk > Feb 3, 2021 1:28 AM | Report Abuse

shorties or nt shorties.. non of ma business.. at least the shorties are mostly frm the bank, government sector.. i personally dont mind since bank do service for people, epf is malaysian money when they reach 55.. why i wan to stop them and let retailer and independant investor earn?.. they dont benefit us all wew, only those daily trader and those who stuck at high price wanted to exit only..

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Seriously you are stonked..what have you been smoking lately? Pls go for high quality stuff, not the low grade ones..bad for health

I have been wanting to own this stock for some time but due to its high price b4 bonus issue..I put it off. Now after bonus issue, hopefully liquidity is better and I am now preparing to buy some.

Not many blue chips left in Bursa nowadays, and luckily PBB is still one solid blue chip

When the RSS choose company to short, they should not have chosen glove counters.

Besides having good fundamentals, the owners of the business are very personally attached with the business, and involve in the running of the business. When you short their counters, they feel it PERSONALLY. That why they launch counter attack SBB at critical times.

These glove counter have not been institutionalised yet, unlike Maybank, CIMB..the owners are themselves another institutions like PNB, ASB, LTAT..so to them maybank or cimb is just another investment amongst their many investments, don't really give a damn.

So when you screw around with the glove counters, you also screw around with the owners who are very personal.

If you want to come here and bring down the price, make sure say something that works.

Not like the existing naysayers, come here tok cok here there, at the end price shoots up, all my buy queue not done.

if your shit does not work, either you keep quiet or come back with better shit. Wasting time reading only

Aiyoo..today closed so green how to buy cheap. All my buy queue expired and not done. KNN

Those naysayers not working hard enough la..wasting time only..may have to get e new bunch of naysayers with better bullshit and spins to scare you guys.

To the existing naysayers..YOU ARE FIRED, USELESS JOKERS, cannot even do a job properly. Pls stop coming here to waste my time.your shit is not working here anymore. JPM will have to find better keyboard warriors that can give better bullshits

Want high return can go play roulette, buy 4d. 100% return..if lucky

Aiyoo..tiu loh..no sell down...cannot buy cheap

Supermax also benefited from TG telegram group. The chart runs very closely..of course Tg is still the leader..no doubt

Hahaha..today TG telegram group very united..defending very well.

Besides glove counters..did not see this happening to other counters..too bad

Strong support at 6.8

What a joke

Yes, even though I think the recovery may be delayed and banking stock in general is on the down trend, but one banking share I will never underestimate is PBB.

PBB is one solid Blue Chip..way better then Genting. If i hv excess money, i will definetly consider it in my portfolio.

Hold on tight to your PBB, it will not let you down.

From a non PBB shareholder.

Posted by Maxsuper > Feb 1, 2021 11:14 PM | Report Abuse

Once Dindin inject vaccine in front of the tv Super will fall like pinballs

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Once Dindin announced extension of mco in front of the tv , all recovery stock will fall like pinballs

Posted by glovefinish > Feb 1, 2021 10:39 PM | Report Abuse

Stock market is not so simple as u all think purely with PE and EPS calculation can push up the price. Stock price can't go up on itself if no hot money no short term funds and no big players involved in speculation.

Only minority 10% people in stock market like u focus on company financial results but majority 90% do not see company financial results just do short term speculation to make money. Thus the super profit of company can't effectively stimulate the majority for speculation. Without speculation stock price can't go up much.

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OK ok. We got your message. You are trying to convince investors to go for speculative stocks without much fundamental.

Well, not totally wrong, if your trading approach is geared towards speculative stocks, and some people do actually make money in speculative stocks. So go speculate and enjoy the party there.

@mita29
Hahaha so we have a deal or not? By next week if we don't get to 5, you stop posting your shiit here because it's getting very stale n annoying. If we do well, i honor the deal likewise.

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the joker chicken out d..no reply from him

Bad news from malaysia data. hoot9e

http://covid-19.moh.gov.my/

Bad news from Malaysia. Hoot9e

http://covid-19.moh.gov.my/

DarenWai > Feb 1, 2021 12:23 AM | Report Abuse

Last Friday, the highest RSS is on public bank not top glove. RSS on top glove coming to an end. Lets ride up ;)

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Wind is slowly changing direction, recovery may not be as smooth as what been thought of as of end of last year

DarenWai > Feb 1, 2021 12:23 AM | Report Abuse

Last Friday, the highest RSS is on public bank not top glove. RSS on top glove coming to an end. Lets ride up ;)

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Wind is slowly changing direction, recovery may not be as smooth as what been thought of as of end of last year

Qoute :

Najib Razak says loosening the restrictions makes it seem like the government wants Covid-19 numbers to stay high and prolonged.
PETALING JAYA: With farmers markets, night markets and factories all open, former prime minister Najib Razak says the movement control order should just be lifted.

“Construction sites are open, furniture stores are open, jewellery shops are open, luxury lingerie and fashion retailers are open (and) shopping malls are open. Until 10pm,” he said in a Facebook post today.

“Why are we really implementing an MCO when Covid-19 cases are rising but restrictions are getting looser. If that is the case, just stop the MCO to be fair to everyone.”

Night markets in Kuala Lumpur appear to have been given the green light to resume operations after federal territories minister Annuar Musa said Kuala Lumpur City Hall has been asked to prepare standard operating procedures for night markets.

Senior minister for security Ismail Sabri Yaakob, meanwhile, said yesterday that the National Security Council has agreed to allow all businesses in essential sectors to operate until 10pm from today.

This includes supermarkets, sundry shops, convenience stores, pharmacies, optometrists, laundrettes and pet shops.

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He is not correct, ALL opened except .....

Those supporting the shorties are still stuck at the end of 2020 mindset , at that time,( which also coincide with JPM publication) assumptions were

1) recovery is coming fast in 2021 (no longer valid now, just look at the trend of the banking counters which is the best proxy to recovery theme)
2) vaccine will be the miracle cure (no longer valid now, less effective than expected and problems in implementation)
3) covid spread will be contained just like that (no longer valid now as more variants of the new strain of covid keep mutating--just look at the no. of increasing cases in Malaysia in Jan 2021 )

Assumptions made at end of last year is as good as they are at that time, does not mean that they will be absolutely right going into 2021. Things can change and events can take an unexpected twist going into the future

Adjust your gameplan accordingly.

Those supporting the shorties are still stuck at the end of 2020 mindset , at that time,( which also coincide with JPM publication) assumptions were

1) recovery is coming fast in 2021 (no longer valid now, just look at the trend of the banking counters which is the best proxy to recovery theme)
2) vaccine will be the miracle cure (no longer valid now, less effective than expected and problems in implementation)
3) covid spread will be contained just like that (no longer valid now as more variants of the new strain of covid keep mutating--just look at the no. of increasing cases in Malaysia in Jan 2021 )

Assumptions made at end of last year is as good as they are at that time, does not mean that they will be absolutely right going into 2021. Things can change and events can take an unexpected twist going into the future

To be fair , shorting provides a more robust market participation for the upside and downside, and it can be considered a necessary mechanism for a proper market functioning BUT..in this case, they choose the wrong counter to short.

They have chosen the big 4 glove counters..all with strong fundamentals and big profitability

They should go short some other counters with weakening fundamentals and declining profits ( sorry i will not name them here as it will offend supporter of those counters who visit here).

Banking stocks are best proxy for recovery..i.e related

Go check the trend of Banking stocks..funds are exiting. Covid cases increasing.

@ lolipap

top glove 4/5 of profits comes from overseas.. as you see south east asia country, china, itally. etc.. gradually decrease in demand as covid controlled .. increase case in malaysia alone dont change any significant changes

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Thats because malaysia previously has less cases, use less gloves

Now with cases increasing in Malaysia ---> more profit will also be from Malaysia sales, in addition to oversea sales

Topglove last traded at ADR OTC (US) (Saturday morning Malaysia time) at 7.16. Up

Meaning US investors are buying in Topglove via their (over the counter platform ) after Friday closed in Bursa.

Go check for yourself

May be 3 days possible.

Yes..Glove is cheap, but to set up factory is not one two day affairs. if not my neighbour furniture factory towkay also want to enter the game. meantime pandemic is spreading like wild fire, they. need some player with well established expereinced to set it up. if so easy, why only got few big players worldwide. some of the new glove wannabies like mahsing also take at least 1 to 2 years to fully commissioned the plant.

I am sure the govt will provide tax incentives for super glove factory in US, especially when it comes to critical PPE of national and strategic importance. Look at the type of super incentives they offer taiwanese chip maker to set up manufacturing in US, to attract them there, when they know that there is shortage of chips worldwide.

@toneefa..i concur with your explanation. You explained better than what i am triyng say. My English not so good...hehe

You sure Apple all produce in China? that is few years ago. Go get updated news
Apple is also diversifying away from China, to avoid supply chain disruption. they are diversifying their supply chain to Korea, india , Taiwan, and even beginning to bring some home to US

@investmalaysia

Hahahaha, save transportation cost?? You’re paying over 4x wages dude by setting up a factory there. With lower productivity. Think both ways la.

If that’s the case, why Apple want to made in China? Why Microsoft want to made in China? Why Tesla want set up factory in China?

If they so desperate want faster clearing time they won’t stop topglove stock for more than 6 months

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Dude, ts not all about cost alone. Its about establishing goodwill with the local government by creating jobs locally, and in return enjoy certain benefits, such as special incentives.

Most hospitals there are state supported health care facilities under health Ministry, an they have mandate to purchase locally with faster delivery time.

If you want cheapest cost, go set up factory in bangladesh, got tons of direct cheap labour there

save transportation cost, custom clearing time wasting, faster delivery, and endorsement and support from the local government since it is made locally. who say no advantage

Compare to going long (buy), short sellers are faced with additional disadvantages :-
1) RSS is restricted to 4%, not so if u go long i.e.buy
2) To short you have to borrow the shares, provided there is a lender, not so for buying
3) once borrowed, you have to pay the cost of borrowing and the trading commission, not so if you
buy just pay trading commission, no borrowing cost
4) Any dividend declared is an additional burden, not so for buying, you get to enjoy the dividend
5) cannot borrow indefinitely, there will be agreed timeframe for returning, the longer you borrow, the higher the cost, not so for buying, can hold as long as you like once paid

Short sellers therefore has time pressure working against them, time is not on their side

new covid cases over 5k, record high

hahaha...oh i see. Sorry. Is it the 'tiu kow nei" that kow. Ok my mistake.

@kltower

need cash for factories expansion that's why less dividend... anyway ASP continuing to trend upwards, more than 3b cash on hand, the best is yet to come.

at this stage focus to choke 9 short seller, if jipet morgan buy back shares push up share price the share appreciation lagi sedap.

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Which info source can you find out how many shortsellers..you mentioned 9. Thanks

Why, anything bad about the Chinese vaccine? why run from it

Can you totally wiped out AIDS with vaccines, answer is NO.

Can you prevent the spread of AIDS, answer is YES. How ? Wear condom and practice safe sex

Can you totally wiped out covid with vaccines, answer is NO.

Can you prevent the spread of Covid ? answrer is YES. How ? Wear mask and practice social distancing, or MCO

Sad to say, with new vaccines coming up, new variants of covid also come up.

But vaccines is always the laggard, meaning they can react after new variant come up. They cannot design a vaccine to prevent new variant.

The only solution, besides vaccine which is always a laggard and reacting to new variant, is to control the spread of existing virus, and that means movement control of people and the spreading.. and that movement control comes with a cost to the economy, not very easy to implement for long term

If sell behind funds would be fooled investor, if sell before funds would also be fooled,

if sell together with funds then not fooled

MCO does not affect glove demand, pandemic does

If no MCO due to govt policy, but pandemic not decrease and increase due to lack of control, then glove demand will further increase

If no MCO coz of pandemic decrease, then glove demand will decrease

In conclusion, MCO is not the factor, but actual pandemic is the factor that determine demand of glove

Angtaykor in red underwear, this one not my cup of tea