Still not convinced? This market has sold/ is selling on news on supermx qr. As in any sell the news event, price will go on to settle about 20% lower than the closing price on sell the news day. That wud take it to about 18.00 ++.

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Hoiyo. One day wonder? Bcause other oil n gas stocks are not convinced.

Speculative plug is off abruptly. Head & shoulder in progress. Next stop 0.85. Ultimate stop 0.50. Had you bought at the very top of this speculation 1.80, you will lose 1.30 a piece or 72%. If you cut loss now you would only lose 37%.

18.60. Better give a crap. Because this is where it is heading. When market sell the news, it will fall ahead. Time n again. Certain market behaviour you need to master.

Sell the news! It happens. Market selling the good news.

These idiot directors venturing into glove at the height of this pandemic. By the time yr factories are up n running, the pandemic wud hv been gone, yr factories wud be iddling n you wud lose money.

Shortlived goldy dream. Did you know that its gold/jewelery revenue is only rm1.5 mil?? Not profit but revenue or sales. Be prepared to lose yr underwear when it returns to 7 cents.

Negative bets are back on. "Sell the news" thing has kicked in.

Didnt believe me arr.

Its path is clear:

(1) Moved to 24.00++ in a strong uptrend
(2) Friday a bearish engulfing candle appeared which is a major trend reversal signal
(3) This morning dropped to 20.30
(4) It staged a technical rebound within this NEWLY ESTABLISHED DOWNTREND 20.30 - 22.50.
(5) Shortly after afternoon session this technical rebound had ended.
(6) Its coming off this technical rebound peak now and will close the day above the 20.30 todays low but way off the technical rebound peak of 22.50
(7) Tommorow it will break below 20.30 n resume this downtrend below 20.00

Just kidding...take care..going out to dinner with grand daughters....maybe to pj hilton serai there..

That mamak ex pm is my school buddy

Aramco. You young man google lar search bearish engulfing candle images. It is looking very innocent sitting at the top of a strong trend. But what follows in coming days n weeks is bad. It is looking innocent but very poisonous.

In the old days you need to rope in a financial backer, a company director, a financial journalist, a few proprietary traders/remisiers to form a syndicate to move share price.

Nowadays suffice with social media to hype up unrealistic expectation n people will flock in and you n your gang can do your thing already. When the company fails to deliver, share price falls, people get trapped n the gang move on with their loot. So that you know what to expect moving forward.

Please take note as well that major market turning points always occur at peak volume. This is because the same buyers turned sellers during the day. Last fridays volume was crazily high over 20 bil. I sensed this on thursday when i exited all my positions n move into 100% cash. Btw to brag a little n set the record straight, i hv a multi million$ margin account. So really i had not seen a contra loss since 1993. When i sell is bcause i want to sell.

You may opt for buy n hold for longer term or fast trades whichever suits you. As only once in a blue moon you will find 2 or 3 stocks really make a sustainable move upwards, which is very difficult to strike. Most of them move up then come down. So i go for quick trades on breakout or where i sense some shark about to goreng or jump in in the middle of the goreng. The trick is, dont stay for too long. When market moves against you, get out. See money, take money, dont be greedy. The idea is to keep nett profit over time. Then you will move like a bee from flower to flower sucking the best n most bountiful honey. Like this NICE made a 400% move in 2 days what it took supermx 3 months.

Aramco. What is so obvious to me is completely out of sight to you. Now i just let the market does the talking between now until a week after qr is out.

My take: trend has reversed. Its coming off the peak now. Where will it stabilise? I would say below rm20.00. Then the QR will be disappointing or much below expectation unable to fundamentally support the price. Then it will take a hit on the chin.

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It is a crazy inverse vertical L chart for all time timeframe. Its range has been capped at 2.35 since it was borned. At 23.00 - 24.00 because of this temporary spike of good business?? Will it hold there for long? Dont think so.

Its going to be hengyuan 2.0 all over
Dayang 2.0
Lionind 2.0
Sendai 2.0
Jaks 2.0

This coming QR will provide a reality check n pull it down

Aramco. I can only smile in silence looking at your antics. Why? Because of your lacking of market experience & knowledge. Dancing n celebrating in the face of this:

Thursday's open 23.16
Thursday's close 23.78
Thursday's Green candle 23.16 - 23.78

Friday's open 24.00
Friday's close 22.92
Friday's red candle 24.00 - 22.92

Friday's red candle completely engulfs thursday green candle. This took place at the top of a strong uptrend. Fridays volume was higher than thursday's as well. It is called a BEARISH ENGULFING move.

It is a u-turn of an uptrend move from uptrend to a downtrend. Not only down but a downtrend.

Got it baby boy ?

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OTB. Contra losses? He he...my last contra loss was in 1993 when i was still a handsome young fella. Just to keep the record straight so that you can sharpen your character judging skill. I leave you n your gang alone now. You & i we both know its a bubble & we know that this bubble can continue to grow bigger & bigger until it pops. What would be the trigger? Ans: Anything under the sun and at any moment.

Aramco, thats all you have to say? Dont wish to converse intelligently with reasons n rationals like an adult?

Post removed.Why?

Glove_bubble, finally i got a friend with sense. We gracefully bow out from this madness for now. When we see it getting uglier n uglier, they see it getting more beatiful n beautiful. Sick delusionists.

I just pointed out kyy (checked & verified by otb) major calculation mistake on tg q4 calculation. You see my comment n you see his calculation then you know what i mean.

After i put my fundamental lense, this is what i got:

Tg
((((1688mil revenue x 1.15 increase asp) - 1266mil cost) × 0.8 less tax)/2600mil shares) × 4 qtrs x 35 pe = rm29.00 fair value per share

Supermx
For a sizeable (not small) generously give double profit from last qr n annualised it.
0.055 last eps x 2 x 4 x 35 pe = rm15.40 fair value.

Conclusion:
Tg at fair value now while supermx is having a rm8.00 bubble inside.

After covid-19 (whenever it is), price to drop half than the above stated fair value.

I hv been doing this for decades. You may mock me now as you r in the midst of this irrational. You will see later down the road.

Goodbye for the last time.

I also read QR. Before i leave you guys in peace, i would like to point a kyy calculation mistake. He said it was checked by otb. Maybe in their eagerness to see tg share price shoot to rm100, they made this rather simple mistake. Maybe you guys could alert him.

The mistake was when he used q3 revenue in his monthly revenue calculation each for jun, july & aug. He should hv divided that revenue by 3 because a qtr consists of 3 months.

Good bye.

I know you people are much younger than me. Playing a fool aside, let me give you a fatherly advice. You follow this bubble up to certain point. Beyond that just let it go even if continues to creep higher. Bcause you know the inevitable is on the horizon. Vaccine will be found, hospital load will reduce drastically n so will the demand for gloves.

Done. Sold all - bio, jcy, iris, pohkong. Because i cannot comprehend notion & hlt making tripple limit up move. Its a signal that this market is deep into speculative bubble zone. Staying sidelined with 100% cash..

Get out! Sell everything! Raise 100% cash. Everything is overbought. Glove overbought. Gold play overbought. Semi-conductor overbought. When u r not in u dont know. Once u in then you get the feel, a super trader instinct. Seriously, sell everything. Prices hv gone crazy all over. After all the smiles will always come the pain. Be smart about it. Think a few steps ahead than the crowd.

Hoi mabuk ka? Forward PE > 80. Rsi 98%. Its due for a big fall.

Wow wow wow!! 400% in 2 weeks. Unbelievable. Dont forget arr the higher the climb the harder the fall..

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Supermx upside another 10 - 15% more? What is that compared to opportunities to make100 - 300% somewhere else. What more with a downside risk of 30% bcause this is where they usually come down to stabilise off the peak.

The future is not glove. The future is GOLD. It took it 9 yrs to complete a cup formation n just broke out of its previous peak in 2011. Its well on its way to usd2700.

Whether 9 yrs or 9 days, the magic still happens. As i said this aspect of market has not been explained by science.

2011 peak usd1900
2015 bottom usd 1100
Next peak above usd1900 = 1900 + (1900 - 1100) = 2700.

We are now at very early stage of this move = 2038.

So you can say there is a lot more room for Bahvest & Pohkong to move with a buy n hold strategy as gold does not swing that fast.

What you need is a little brain, and you can make good money in this market.

Supermx n other gloves? They are all hv become too pricey where downside risk has tremendously outstripped marginal upside potential. Bcause these things always hit the peak n come down to stabilise at lower level. There will come a time when you are already at this peak but you are still looking at another peak higher, without realising that you infact already at this peak. And major players will sell off the peak, not at the peak.

Realinvestor888. So you the smart one arr. Still playing with this supermx fire after it has moved from 1.59 to 23.00 arr. When this fire gets too big just a matter of time it will burn yr ass off. Market history will always repeat itself. Just idiots like you never learned from it.

When market moves against you, quickly admit yr mistake n get out! Do not desperately try to support it.

Supermx blocking >3000 lots at 23.00. This is an act of desperation when "they" got caught on the wrong side of the trade. The wrong side bcause other 3 big glove cos are reversing course from their respective peaks. The END is REALLY NEAR.

Bio also looking good. If it can maintain this 0.34 close by tomolo closing, it will go to 0.58 - 0.62. Hold.

Top glove down. How the fuk supermx going to move up? I repeat today is yr last day to see it at 23.00 n above. You will never see it again EVER.

Jcy going for limit up 0.865. Buy !!

Bought big into JCY. Major chart breakout. Peak of may 2017 at 0.685 taken out. Technical target 1.15 - 1.20.

Biohldg. Give it another day. Weakening the 0.34 greatwall. If it cannot close above 0.34 tomolo, clear yr position b4 tomolo market close.

Unbelievable 1.59 to 23.20 in 4 mths n these super idiots are still buying thinking there are other more super super idiots out there who will buy from them.

Yr last chance to get out at 23.00 - 23.20 bcause after today you will never see this price again EVER. Its true for topglove harta n kossan. Cruising at market top b4 coming down.

Supermx 23.50 05 aug. Reaching for the stars but make sure to keep yr feet on the ground. It was 1.59 on 03 apr, 4 mths ago. Do you seriously think market will allow stanley to keep this 15x richess? No way man. This is only temporary spike.

Biohldg. The critical 0.34 cleared. Fingers crossed that it will close at 0.34 or above. When it does, HOLD, DO NOT SELL. Ride the volatility up. It will considate 0.40 - 0.50 for some days b4 moving up to 0.58 - 0.62, as per my chart.

Supermax. Whats left is trading move only lar. Investing move has long gone. Long term investing at these levels are only for true idiots.

Bio. Wait patiently. These two sharks are waiting who blinks first. Buying shark wants to accumulate more at this level. He will whack it up b4 market close.

Bio has reached a point of no return. Its a clear buy now with monster profit coming. The shark has reached a point of no return. He has accumulated a lot. Over 300 mil shares traded with 0.322 avg. Buy with all your means!!