HMWinvestor, even if you disagree with my personal views you should not curse me. This only reflect your 'low' character and self-esteem. Cursing others will not lead you anywhere but hell because ultimately the curse will hit back at you.
Check your fact there are 396 counters down not 2 as you mentioned. Continue chasing after high prices and see where you end up - trapped and stucked at super high prices that might never come up again because there are so many new suppliers of gloves.
Just ignore my comments if you do not agree. Don't be so emotional and increase your blood pressure otherwise you might die of a heart attack or stroke - this is good advice - not a curse.

IBs selling started, index down more then 3 points....

IBs lining up to release their big volumes of "trapped shares". Afternoon all will turn red.

Days of super profits are threatened by oversupply - too many new players entering the industry. Shares have peaked and are not likely to be able to scale to previous highs. Buy at these levels risk being trapped again when trend turn south.

New Threat - Big Co. Mah Sing coming to Glove industry.

usa not buying Malaysian gloves due to alleged forced labour issues (lame excuse to protecte their own companies.

Take profit and be safe. Usually, Friday afternoon sell-off plus forced selling may push prices lower.

Not a buy/sell call, my personal view only.

Beware - Pump amd Dump by IBs.

Beware of "Pump and Dump" by IBs. Heavy Unloading at higher prices

IBs have started selling in big volumes. Index dropped 9 points now and more to come in the afternoon.

Again, my personal observations only - not a buy/sell call. You may have a different view of the market.

Glove counter on trend reversal - could easily retrace 50% of recent gains over the next few days. Now all are overpriced and unsustainable. IBs may release part of their trapped shares bought during the previous price surge.

Umno head meeting Agong tomorrow.

My personal view only not a buy/sell call. Your views may differ. Ignore mine if you differ.

Top 4 glove counters toppish - limited upside, but downside risk is very high now. Can reasonably expect heavy profit taking soon , hopefully no panic selling in the afternoon. .

Take profit and be safe. If Umno is pulling out of PN= Present govt will collapse. How will Bursa react???

Bursa afraid annoucement may cause panic selling???

Why still No announcement - Anwar met Agong around 10.30am??? No revelation of super majority ???

Beware of "pump and dump" manipulators if you don't to be caught with chasing after prices have risen a fair bit especially at resistance levels. Best strategy to beat them is to take profit and not to be too greedy. days of super profits are probably over. So my friends - be careful.

Clearly shows "pump and Dump" strategy in use - fast drop in price towards closing.

The selling by big players has just started. Question now is how low can it go today and next week -Tuesday -when anwar meets Agong to show his formidable majority toppling the present Muhyidin govt.

Looks like many are trapped at higher prices and waiting to clear their positions. Buyers are waiting for lower prices to average down their costs. This probably explains the current slow/quiet market.

My personal views of market only - no invitation or recommendation to buy or sell. Decision based on your own analysis.

More Supply than demand, small volume indicate lack of buying interest. bPum and dump strategy will not work in the near term as most investors feel current price levels have priced in the potential rise in asp. They are waiting for price weakness to enter - may be afternoon price can retrace to level a week or more ago around 3.00 or below due to Friday unloading in anticipation of black Monday NYSE anticlimax after reached super high / unsustainable level, and local political uncertainty - Anwar going to see Agong on obtaining super majority support.

Profit-taking in the top four glove counters especially supermax and top glove is leading the declines.

Looks like the glove theme play is over for the time being as shown by the lack of buying but long list of sellers waiting to get out. Trend reversal may start in the afternoon when T2 and contra players may unload. Hope no panic selling follow due to those who bought heavily (pump and dump) during the recent upward push.

Morpheus61, Thank you for the valuable info. If the price paid for the purchase of the warehouse is reasonable based on the current market for real property then it is a great deal.

Buying aircraft manufacturing company is the wrong way diversifying into an area the company has no experience. worse still the aviation industry has already collapsed. Airlines would not be buying new planes at least for the next decade. So it is a wrong and disastrous decision. why Careplus should spend so much money going into a dying industry that has no future.

Sorry Jsteong - wrongly typed your name. advice meant for Axe capital 2077 who seem emotional and inexperienced in share investing or pure speculator..

In any investments, sometimes you gain , other times you may lose. Just treat it like a business. Should not be emotional - don't feel sad when you lose neither should celebrate when you made a gain. Do your own homework and take calculated risks and don't depend on luck only -otherwise you are only gambling not investing. Most of my gambling friends lost but the real investors made good returns. I hope you can learn from your own experiences and make a lot of money.

Just sharing my observation of the share trading pattern -no recommendation to buy or sell. don't misunderstand - jsteong. you decide to buy or sell solely based on your own risk appetite and financial ability. nobody cares if you made money or lost. so no need to blame others if you lost neither does anyone has a share your profits.

Looks like share buy back by the company - great drama. next week trading pattern will confirm if this is a well planned game. This probably explains why the recent massive sell down and now the big push upwards.

Star news latest: Bukit Sapi MP Liew Vui Keong dies of a lung infection? is this related to Covid-19? Sabah has many Covid-19 cases. Hope no more bad news coming.

How will market react in the afternoon - big question? Dow futures down more than 500 points. hope it would not cause a sell-off reversing the uptrend which just started. The worse reaction is another panic selling and downtrend.

Today is Friday, profit-taking in the afternoon may push price down as buying slows.

Resistance at 3.25, profit-taking now. Buying strength tapering-off now, but may be move up next week.

Now 10.35am past RM3.20, if pace of trading continue high possibility limit up today.

Careplus lead the way up - top performer in terms of price and volume.

Limit up today???

Target closing price today RM3.20+ and next week RM3.50-3.80. Buy and hold. you will be richly rewarded. Everyday you get worsening Pandemic news more and more covid cases and deaths. so gloves will forever enjoy very profitable business.

Careplus grossly oversold, bargain hunters and serious investors are now rushing in to buy a low prices. Still a long way to regain the recent past highs at RM4-5.

Just ignore US stock market news - their prices have been going up but our market did not follow a little bit! Its correction from the ultra high. or Profit taking if you wish. These are just noises.

The selling at lower prices has stopped and many are buying. The "large volume" at the sell quote will be withdrawn soon because the manipulators' tactic cannot work to scare people to sell at lower prices.

The selling at lower prices has stopped and many are buying. The "large volume" at the sell quote will be withdrawn soon because the manipulators' tactic cannot work to scare people to sell at lower prices.

Together we can beat the manipulators - unity is strength. When the manupulators cannot buy back cheaper, they will stop "pushing" share prices lower by putting for sale a large volume of shares o the sell quotes, and may start buying higher.

Together we can beat the manipulators - unity is strength. When the manupulators cannot buy back cheaper, they will stop oushing share prices lower and may start buying higher.

Market forces are more powerful than the manipulators. So when the price reverses - uptrend , sellers will turn buyers fueling the price recovery even faster. So unity of investors is required to reverse the current sell down by manipulators.

When the panic sellers stopped selling , many "new investors" will start buying, making the price uptrend - come even faster. So the success in breaking the sellers' strategy depends on the unity of serious investors to reverse the current sell -down.

My conclusion is that it is ridiculous to sell Top Glove shares now at 7.20 when CGS-CIMB securities Target price is 9.20! Stop selling and hold . This is an example only - I am not promoting any particular company.
The sell down will stop and price trend will reverse - upwards - if the panic selling stops.
09/09/2020 2:39 PM