With no support base, the share now is in free fall mode. Dead cat bounces but still a dead cat. I gave out my red alert 2 days ago. So you must be thinking "....buy at lower and wait it to shoot back up, right?" Those who bought above RM3.30 - RM4 will form new resistance level because they are hoping to reduce their losses.
for sure will come back again.. Today is the 2nd lesson. 1st FDA 2nd IB margin capp Learned the lesson and dont panic sell again next time.. Remember ya..
Continue buying tomo if cheap. Lot of cash now after selling some PBB...
Below post from Top Glove forum is interesting view that is worth thinking. Glove stocks got play out by IBs cutting margin. They are manipulating market yesterday and today by forcing poor retail investors to panic sale...
--------------------------------------- pBlue Posted by loverguitar18 > Jun 3, 2020 4:09 PM | Report Abuse RM14.75 > RM10.58 > RM14.5 in one day my god
What happens when you buy on margin and your bank reduced margin caps. People are forced to sell. This is why cash is king during a recession and why rich people become richer. 03/06/2020 4:33 PM
Previous top end of the bull candle was at 2.75. Should it close below this price tommorow (which 99% chance that it will...he he..), all todays buyers will never see their money again, EVER. Because this speculative move above 3.00 is once in a lifetime experience that will NEVER EVER return, even if you pass on the shares to your children.
So what do you do? You key in to cut all queues at opening bell tommorow, and dump all. Take what you can get & move on.
Posted by rr88 > Jun 3, 2020 5:11 PM | Report Abuse
Previous top end of the bull candle was at 2.75. Should it close below this price tommorow (which 99% chance that it will...he he..), all todays buyers will never see their money again, EVER. Because this speculative move above 3.00 is once in a lifetime experience that will NEVER EVER return, even if you pass on the shares to your children.
So what do you do? You key in to cut all queues at opening bell tommorow, and dump all. Take what you can get & move on.
Hi Charles, do you believe this : investment banks are depressing the price down so that they can buy at cheaper prices? KYY always says this in his blog?
Guys, please study deep company faudamental dont keep blame KYY, blame father blame mother, you guys is adult. You invest is not because of who buy the share, than you follow to buy. Dont like a dog, lose money than blame everyone, you forever become poor man.
Lets think about it, bank issues many warrant and exercise price is lower than mother share. Means bank bet with investors, if mother share increase too high than bank will lose many money right? So guys any way will help bank reduce their lose? The best ways is reduce the margin cap, so many investors will no choice sold their share to help bank reduce losses right? Guys, please be a smart investor. Today top glove, comfort, supermax limited down i super duper happy and keep buying the share. Please, become a smart investor and use your brain to think it and invest. Now glove is gold, demand more than supply. Coming each quarter will confirm very good. Please dont be scare to become big fish food. Invest is not like tat. Top glove change the result announced date from 18 june to 11 June, so possible next week they will push up the share? Think, always use your brain think, dont so easy become other ppl food.
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Posted by tallman > 2020-06-03 16:37 | Report Abuse
Blood baths, dump like no tomorrow