Banker cut of potential risky asset(person who cannot pay) in case market tank.I agree about tht.U know how much money were put into just glove counter in banks(margin) rm5-rm10 billion.Another rm 15-20 billion money on glove counter(real money or cash) which I say 60 percent on Top glove,Hartalega and Kossan.(Pure gloves counter support by earning growth).
Guys-wake up or you wl hv to live with nightmares of lossing yr pants. All these analysts go hand in glove with banks which lend to the top 5 manufacturers. With the pushed up market stirred by speculators, these top 5 had cleared up their indebtedness hence they hv no liabilities. Whoever dares go in, is walking into countless land mines so be prepared to be blown up n out. Guess what-the top 5 owners are laughing all the way to the bank and bankers riding on the band wagon. Imagine blue chips disregarded caused by ridiculously over the moon valuation. Very clearly, this is a cornered market. Guys-old enough to recall KENTUCKY LOO episode way back in 80's when countless 'ikan bilis' got roasted alive. Time to take profit or you will be left with bones after bosses eat up the meat. What goes up; must come down with a bang.
Put up 50k of your own money. Then borrow about 50k from friends and family. Then put it in trading account and get maybank approval to margin of 100k.
Now buy 200k of supermax.
Then, you will notice you have 200k of contra t+2 in your account.
Go ahead and buy more on contra.
You will now open 400k of supermax.
After it goes up by 20%, you would have 480k. Now you can close your position and turn 100k into 180k in a few days. Now repeat again: 180k into 360k into 720k contra, make 20% on that in T+2.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gloveharicut
1,067 posts
Posted by gloveharicut > 2020-06-09 15:03 | Report Abuse
CIMB can you please explain?