I went to the Bursa page and it's now showing that latest Net Short Position file shows it's for 29 January 2021. Very odd.
And what Umar Swift said is probably a slip of the tongue. It's already been published (assume it's official statements) that the RSS is capped at 4% overall.
RSS cannot sell to BUY Q, that's Bursa Restriction meaning rss is just shown in rss column. they cannot directly sell if no one sell the stocks openly, rss shorties will be stuck
lkoky, Anthem2, ChickenRoaster, thank you for your comments.
Thank you for pointing out the updated file. It seems like nothing has changed for Top Glove - no shares bought back. Some shares have been bought back for Kossan and Harta on Friday though.
shorters will still think that they are the kings...like the hedge funds in the US...until their rugs are pulled off them n they fall spectacularly....
The fact is, glove has no substance to be a leading commodity. In the long term(after pandemic), it will be categorised as junk product. For now, it hit the lottery due to pandemic.
PunTatBerSiul, "glove" is not a commodity to begin with, it's a personal protective equipment item. It is categorized as an essential product in the medical industry, and since recently is categorized as such in other industries, including manufacturing, food processing, and travel. It will remain as such for an extended period of time, beyond the COVID pandemic.
hold on to your TG shares if you want to see the shorties bleed. The shorties must be taught not to mess around with a fundamentally sound and extremely profitable company. let the shorties bleed till they cannot see the road home. Otherwise, they will think that we are just pussies and wimps that are easy to push over. Come on guys, just hold and not sell.
The theory of RSS and shorts are self consoling remark for those glove huggers who bought them way high up. They are crying daily and praying to breakeven.
Facts about TG 1) It dropped from RM 29.xx ( all time high) 2) After bonus issue, dropped to RM10.xx 3) Bonus issue mean nothing to those who bought above RM25, still licking wound. 4) Still struggling to reach bonus issue high (RM10.xx)
Whales are having a gallant time. They showed their mettle in the beginning of the year by dropping to RM5.20s Yet "bilis" retailers are congregating and dreams of being whale.
dusti, magus, Covidcovid, Citadel00, thank you for your comments.
I suggest that everyone just waits patiently. If you are impatient, remember that next month, the quarterly report for Top Glove's 2Q FY21 will be released, with 70% dividend payout attached.
@PunTatBerSiul The theory of RSS and shorts are self consoling remark for those glove huggers who bought them way high up. They are crying daily and praying to breakeven.
Facts about TG 1) It dropped from RM 29.xx ( all time high) 2) After bonus issue, dropped to RM10.xx 3) Bonus issue mean nothing to those who bought above RM25, still licking wound. 4) Still struggling to reach bonus issue high (RM10.xx)
Whales are having a gallant time. They showed their mettle in the beginning of the year by dropping to RM5.20s Yet "bilis" retailers are congregating and dreams of being whale.
Real whales are "laughing".
>>>>>>>>>>>>>>>>>>
So obvious the whaales miscalculated.........now doing crisis management.........
The best is no RSS and no IDSS, short sellers don't get easy money at the expense of the retailers - the real investors. Wait, if investors are lack of confident on the fairness of the trading, winter will come for Bursa.
Investors buy stock besides dividends and all others basically are waiting for the appreciation of the stock price but when stock price rise are deprived by the short sellers. This is not fair as they are parking their capital for a period of time already.
Targeted, henry888, speakup, thank you for your comments.
henry888, in general the institution that observes and takes action when irregularities with the financial markets are spotted, is the Securities Commission. You can contact them at email and phone number provided above if you believe there might be anything that might need to be reported.
speakup, PE is unfortunately not everything. Although I must say that PE beyond 50 very rarely makes any sense.
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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....
Seek
443 posts
Posted by Seek > 2021-02-03 08:56 | Report Abuse
Confusing the public? Incompetent people working in bursa or some fishy staff?