Biasa. When Top Glove reached RM24 last year these same sh*tty IB gave their TP to RM100 so they want sheep to buy and they sell... Now they downgrade so they can collect cheap price, haha... Psychology game. When they downgrade we sapu... The more bottom the more we sapu
@tamp0i A lot of truth in what you have written here. Look back at previous reports by these IB analysts and one will see how wrong many of them have been. Especially in their sky-high target prices of glove counters. Off-hand I remember Supermax TP at RM14.
Many people had comforted themselves with these reports and kept buying. It's a sad fact that many look up so high to IB analysts, seeing them as experts and so they swallow everything. Unfortunately they are often wrong, and big time too as with glove counters.
With these companies having seen sharp price correction, it's more likely they are at or very near to the bottom already. But let's see how right or wrong this particular analyst is in the coming weeks.
Is a well plan money earning scheme for IB and big sharks. All retailers kena. Only tiny of retailers win. The rest all lost money until don't know where already.
If these investment banks are really convinced of their analysts' predictions, why not issue Put options that reflect this.
As it is, the Put options available are too one-sided. The glove counters must suffer heavy drops from an already low level before the punter is in the money.
If you were to believe what analysts say all the time, you are sure to end up in the doghouse.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3455 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
partimeshark
342 posts
Posted by partimeshark > 2021-10-11 23:12 | Report Abuse
all in topglove liao... cb maybank IB