HLT & Careplus volumes are really high n volatility is also high in these counters..The same goes to Supermax..When the volume is lower it will be easier to push up the price..Many contra, short term retailers are affecting the movement..Once all these flushed then u see a better price movement..I dun expect high TP but for now a 7-8 is within reach hopefully before end of the year..
Aioya !!!what is wrong with daily high volume trading ? Which investment fund wanted to pick up Top Glove at 9.00 ringgit for more than three years ? Does Tabung Haji fund, Morgan Stanley fund,Goldman Sachs fund,Nomura fund from Japan,Tamasek fund from Singapore, Australia pension fund,New Zealand pension fund,Saudi Arabia pension fund,China oversea Q11 investment fund ,Iran oversea investment fund etc believe that Top Glove be able to maintain equivalent profit and pay them good dividend for more than two years? It's a very sad answer that none of the above believes the forecast business profit achievable ! So it's Malaysian ikan billis actively involvement with the daily trading,thus when buy low on the 1st day must selloff the third day since it's a contra trade,therefore the turnover volume is very high and price volatile .This is share market culture !!!!!
In the share trading,everybody wanted to buy low sell high to make profit ,none of them wanted to lose money , so, whenever there is an opportunity to make money by selling their holding before due date ,anyhow , will execute trading immediately.
Malaysia has been hit with over 100 case for almost a week now, we might hit 200-300 cases a day in 2 weeks time. there is a high possibility that we might go back into more restricted MCO and with that there might be an extended Moratorium. All this will have impact on Genting,Banks,Construction,Developer,Oil & Gas counters. There is no other better place to invest than healthcare especially glove counters
Only glove investment make sense now...other counters all bleeding .. I won't be surprised many company going to go bust soon..one ticking timebomb is AirAsia which is surviving on borrowed money now
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....
DreamPredator
1,507 posts
Posted by DreamPredator > 2020-09-27 09:50 | Report Abuse
Very good, dude.