topglov had the best OVERSIZE QR profits on record today, yet all gloves r going down.
i. Price Action is indicating that gloves had run a full course edi. Expect prices to ease into correction n then enter into 2-4 months meaningful consolidation.
This happens too fast due to ib pulling credit lines with damaging price capping. on klse ib is the king, ex. case study happened to kill dayang last yr.
ii. The general mkt could correct too when the leader, gloves begin to. iii. Watch DOW for leads. Its rebound from crash cycle turned uptrend since Mar 23rd is abt to bend over.
For gloves, a. sell on spike UP n or b. Identify the price band n trade well.
NB: REGN, 1 of 3 top biotech horsemen in US is a reputable lab that succeed in research
largest shareholder selling non-stop Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
COMFORT GLOVES BERHAD
Particulars of substantial Securities Holder
NameDATO' LAU ENG GUANGNationality/Country of incorporationMalaysiaDescriptions (Class)Ordinary Shares
Details of changes
NoDate of change
No of securities
Type of TransactionNature of Interest111 Jun 2020
1,246,450
DisposedDirect InterestName of registered holderKenanga Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Lau Eng GuangAddress of registered holderLevel 17, Kenanga Tower , No. 237, Jalan Tun Razak, 50400 Kuala LumpurDescription of "Others" Type of Transaction211 Jun 2020
1,050,000
DisposedDirect InterestName of registered holderUOB Kay Hian Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Lau Eng GuangAddress of registered holderLevel 7, Menara MSC Cyberport,5, Jalan Bukit Meldrum, 80300 Johor BahruDescription of "Others" Type of Transaction Circumstances by reason of which change has occurredOpen Market DisposalNature of interestDirect InterestDirect (units)21,000,000Direct (%)3.602Indirect/deemed interest (units)84,000,000Indirect/deemed interest (%)14.409Total no of securities after change105,000,000Date of notice11 Jun 2020Date notice received by Listed Issuer12 Jun 2020
Remarks :This announcement dated 12 June 2020.
Announcement Info
Company NameCOMFORT GLOVES BERHADStock NameCOMFORTDate Announced12 Jun 2020CategoryChange in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016Reference NumberCS2-11062020-00151
When too many buy call a stock and that company no too much of strong faudamental support than you need becaful. The history keep repeating happen at stock market but still many small fish volunteers go inside let big fish eat. You told me comfort have what strong point can let market to buy it? You told me? US anytime lockdown country again, everyday came out difference news, dow Jones anytime drop limit down.
Then why you dont want choose big 4 to invest? Want invest in this kind of stock every cant sleep? Not every glove counter can earn big money that you need study deep. Already told you guys if any happen, comfort, rubberex and carepls is the first died and no people will come to support the price. Comfort got many famous people inside, is it big fish want all the small fish come inside collect his share? Please, go study about Big 4 company and compare with comfort, then you will understand it. Invest safe and money is hard to earn.
mockingjay87, that's what u guys keep saying since April lol...and rubberex is always the lead in front...there might be a reason why rubberex is in the lead vs comfort...please dont tell me about the stale story about num of shares that cause it to fluctuate..talk about comfort FDA and director disposing that makes the rest of investors less confidence, hence the market sentiment...that is a fact.
mockingjay87 Why can Ruberex still being green but not Comfort? Potential wise, i think Comfort has better fundamental than Ruberex. 12/06/2020 3:56 PM
Gloves defensive stock has less sensitive to market sentiment . DJI down usually glove stocks up
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Posted by nicholasng89 > 2020-06-12 14:49 | Report Abuse
just buy in and hold it till QR out.