Posted by Enquire > 2020-06-12 00:56 | Report Abuse

May I know how will Dow Jones affect Malaysian glove counters?

Apple1234 Dow Jones drop 1454.73,tmr take care.

Posted by Citadel12 > 2020-06-12 00:58 |

Post removed.Why?

Posted by Albukhary > 2020-06-12 00:58 | Report Abuse

Uncle KYY, this round remember to throw as much as possible. Don't repeat the situation like Dayang. Throw all before margin call.

I think tomorrow morning better directly queue sell at RM2.10, before it lock at limit down price.

Posted by Jason85 > 2020-06-12 00:58 | Report Abuse

Panic selling which is not wise for good counter

Posted by apolloang > 2020-06-12 00:58 | Report Abuse

last few days uncle secretly sell,tomoro he will curi curi buyback lah.read the old man mind....hehe

Posted by michaelwong > 2020-06-12 01:11 | Report Abuse

I was quite lucky to dispose all my comfort shares today itself despite buying high and selling low .
If l hesitate to sell today , it would be in a very terrible stage by 2morrow expecting a heavily sell down by 2morrow with the plunge of the DJI to 1500 over points at the time of writing . Lesser lost is considered a win now and a delay in just a day to sell would makes big differences in terms of price .

Posted by Cropsickle > 2020-06-12 02:38 | Report Abuse

I also cut lost today after falling for the false gap up...
But remember the time when DJI was bad? That was when the glove counter did very well because investors abandon oil&gas and run to healthcare again.

That's why I think that if it wasn't for the suspicious mass sell-off in the 2nd session, glove may have soared and continued to soar today, but now even the sentiment in gloves has been soured.
So many burned.

Posted by mf > 2020-06-12 03:13 | Report Abuse

Biotech company Regeneron announced it has started to test its potential coronavirus drug on humans to evaluate if it can effectively treat and even prevent Covid-19.

Posted by Jeff5142 > 2020-06-12 06:20 | Report Abuse

Almost all medical related stocks and gloves stock were surging higher from beginning of covid-19 global outbreak in March 2020. Now second wave outbreak is actually benefiting gloves and health stocks more.

Posted by Kimgold > 2020-06-12 06:34 | Report Abuse

Back in March, glove counters were cheap. Now they are fully priced in and at full capacity. - 1862 for Dow. Bearish sell down today.

Posted by Neut_ron1 > 2020-06-12 06:46 | Report Abuse

Time to collect when there is fear.... Covid19 2nd wave...donot miss the boat...
Disclaimer: not buy/sell call

Posted by EngineeringProfit > 2020-06-12 06:47 | Report Abuse

Don't catch falling knife.....

.....follow directors' decision

Off gambling mode.....wake up

Be rational

Posted by EngineeringProfit > 2020-06-12 06:56 | Report Abuse

The head and shoulders pattern....

..... forms when a stock's price rises to a peak and subsequently declines back to the base of the prior up-move. Then, the price rises above the former peak to form the "nose" and then again declines back to the original base.

Posted by Steven234 > 2020-06-12 07:07 | Report Abuse

Covid Second Wave is coming, DONT PANIC! HOLD TIGHT TIGHT!

Posted by Boon Keng > 2020-06-12 07:11 | Report Abuse

U.S. markets fell .
Worries of a second wave of coronavirus cases grew after Texas, Florida, and California reported recent rises in their cases.

Another 1.54 million people filed initial jobless claims in the week ending June 6, according to the Department of Labor. This was slightly better than Wall Street's estimate. Since peaking in the week of March 27 at 6.87 million claims, jobless claims have fallen every week. While the trend is lower, about 44 million Americans have filed for unemployment in the past 12 weeks.

Treasury Secretary Steven Mnuchin said the U.S. would not shut down again in the case of a sustained second wave of COVID cases, adding that the fiscal stimulus plans have a lot more cash to support the economy.

Today's selloff pushed the S&P 500 below the 200-day moving average.

With or without another stimulus package, $1 trillion [Drool][Drool][Drool]is set to be pumped into the U.S. economy over the next month

Posted by Kimgold > 2020-06-12 07:16 | Report Abuse

It will go down further. Don't catch falling knives.

Posted by Kok Wai > 2020-06-12 07:28 | Report Abuse

TP RM1

Posted by EDINVESTOR > 2020-06-12 07:34 | Report Abuse

BUYYYYYYYY

Posted by hallick > 2020-06-12 07:42 | Report Abuse

Date : 12 June 2020
Kim's Stockwatch



PART 2 : GLOVES SECTOR - THIS IS MY REAL PLAN ON PHASE II FY20 - FY21


So today as we all know and expected Top Glove Bhd released its excellent and superb quaterly financial result. With strong worldwide demand for rubber gloves amid the COVID-19 pandemic, it is unsurprising that Top Glove Corp Bhd has recorded its best-ever quarterly net profit in the third quarter ended May 31, 2020 (3QFY20)

Top Glove executive director Lim Cheong Guan said strong orders and demand are expected to continue for the next one to two years. In 3QFY20, sales of nitrile gloves jumped 47% year-on-year (y-o-y), natural rubber gloves sales leaped 8%, and surgical gloves sales rose 21%.

From here perspective, we already know how good their business is. So as I told many times Gloves Sector already applied in "Defending Stocks Territory". Also I am agreed some analysts said Top Glove have projected a net profit of as high as RM3 billion for FY21 So if they really can archieved that of course and definitely my last target RM35 surely hit FY21.

Posted by hallick > 2020-06-12 07:43 | Report Abuse

WHAT KIM SAID ABOUT GLOVES SECTOR NOW?


1. "BUY IN JUNE HISTORY WILL REPEAT PREVIOUS APRIL"


- Today we had received very clear signal. We can buyback / Addmore cheap gloves. Follow the waves you will be safe in the ocean.

- Today also I saw many new retailers those bought high cutloss because not have holding power.

- Gloves, for sure now you cant do daytrade. It not easier like before or previous 6 months.

- Tomorrow I am expect Gloves stock only good performance and will lead the market movement.

- After 6 month gloves performing, now another 6 months to go. As I am expecting Gloves will play role till March 2021. So I am not worried holding as investement till next year.

- My planned as follows :
1 month (Buy) next 5 month (Sell) - January - June FY20
1 month (Buy) next 5 month (Sell) - June - Dec FY20
1 month (Buy) next 3 month (Sell) - Jan - Apr FY21

- I am expecting the profits of quaterly and yearly results. Not base on when this Covid-19 will be end and vaccine will be found. So Big-4 gloves profits already calculating on paper profits FY21.

Posted by hallick > 2020-06-12 07:43 | Report Abuse

2. "COVID-19 PHASE II JUST STARTED


- COVID-19 heading to 10,000,000 within another 3 months

- COVID-19 heading to 5,000,000 within another 3 months

- Globally, there have been 7,273,958 confirmed cases, including 413,372 deaths has been reported to WHO.

- Case Comparison (Confirmed Cases) as below :

Americas - 3,485,245
Europe - 2,339,145
Eastern Mediterranean - 696,841
South-East Asia - 407,414
Western Pacific - 194,470
Africa - 150,102

Posted by hallick > 2020-06-12 07:44 | Report Abuse

"DOW JONES INDEX"


- I am predicting Dow Jones will slump and break down badly again amid Phase II Covid-19 hit badly America Latin. Second wave fears spark global share sell-off. Index will be around 20,000 - 22,000 from current now stand at 25,700

- More manipulation / speech from Mr. T will make their more worst because to satisfy their-self agenda.

- Incidence of violence and inhumanity against blacks in their country already facing very big issue.

- The number of U.S. coronavirus infections passed the two million mark and over 112,000 Americans have died.

Posted by EngineeringProfit > 2020-06-12 07:44 | Report Abuse

Second and third waves all priced in ady

Posted by Kimgold > 2020-06-12 07:45 | Report Abuse

Orders are at full capacity. All priced in.

Posted by stephenbond > 2020-06-12 08:17 | Report Abuse

maybe the concern is can the counter hits limit down today ??? hahaha

Posted by Croxxx > 2020-06-12 08:17 | Report Abuse

Comfort haven’t release QR yet. Will it be super ?

Posted by lawrgan > 2020-06-12 08:21 | Report Abuse

Good result might not be able help to lift the boats high.

Posted by 888 Stockwin > 2020-06-12 08:22 | Report Abuse

When is Comfort's QR coming out?

Posted by 888 Stockwin > 2020-06-12 08:23 | Report Abuse

My average price is 3.7. shall i sell off some or hold?

Posted by EngineeringProfit > 2020-06-12 08:24 | Report Abuse

Sell all and catch back at fibonacci mark

Posted by Choong Wah Kean > 2020-06-12 08:26 | Report Abuse

i hope it will dropped a bit b4 rebound back a bit as gloves counter have dropped a lot alrdy these few days.

Posted by PotentialGhost > 2020-06-12 08:38 | Report Abuse

Margin call today

Posted by Powerplay666 > 2020-06-12 08:42 | Report Abuse

For those dungus who keep harping on about dayang case, this counter is no dayang hello. Comfort is going to come out with excellent qr this month, and will show record Fy 20. Once all short term traders have been cleared out, it will climb again.

Posted by Baby Shark > 2020-06-12 08:44 | Report Abuse

Die lo..

Posted by Baby Shark > 2020-06-12 08:44 | Report Abuse

Sell die , no sell also die..

Posted by Kimgold > 2020-06-12 08:47 | Report Abuse

Look at the sell down

Posted by mf > 2020-06-12 08:49 | Report Abuse

Dow Jones 25,128.17 -1,861.82 6.90%

Posted by Anaconder > 2020-06-12 08:55 | Report Abuse

Short seller will be active today

Posted by slts > 2020-06-12 09:00 | Report Abuse

limit dn

Posted by PotentialGhost > 2020-06-12 09:02 | Report Abuse

Uncle kyy kena magin call again

Posted by foongchung > 2020-06-12 09:03 | Report Abuse

OMG! 2.65!

Posted by Baby Shark > 2020-06-12 09:06 | Report Abuse

Cheap sale..hahaha

Posted by ganjohn > 2020-06-12 09:07 | Report Abuse

oh god. luckily cut loss ytd

Posted by 3jrockie > 2020-06-12 09:09 | Report Abuse

Guys,If you got cash now,start to collect. Who those is bought at high price, do not panic sell.Be Patient and wait.2nd wave covid -19 is coming.

Posted by rr88 > 2020-06-12 09:10 |

Post removed.Why?

Posted by Baby Shark > 2020-06-12 09:14 | Report Abuse

Actually time to make money..

Posted by foongchung > 2020-06-12 09:16 | Report Abuse

i loaded another 5000 at 2.62 just now...everage down my price....

Posted by foongchung > 2020-06-12 09:17 | Report Abuse

previously buy at quite high price, but i think should be ok later after QR out.

Posted by kitkat > 2020-06-12 09:17 | Report Abuse

dont panic sell

Posted by Baby Shark > 2020-06-12 09:18 | Report Abuse

Two three big sharks already no share in hand.. cannot drop further