Bull, TG goes down.. most likely ALL gloves go down. TG is Taiko and all smaller Gloves counters like comfort ride with it. However, the bad news -just got worse- does present opportunity to buy and hold. Anything can change in Bursabet. I think TG will not lie still and will get a team of lawyers to fight/sue the CBP for this ridiculous accusation. Forced Labour my ass. These banglas are paid salaries, given housing less swimming pools and A/Cs. Also, they are FREE to leave Malaysia anytime. Pls lah... if Malaysia is a slave country, there are 90% worse countries than Malaysia. WTF...
There is a syndicate playing this game too. They help to bring the prices down and collecting them at the same time. Once they are done with it, they will push it up to sell. The last round they brought it down to about RM1.85 and then pushed it up to abt RM2.35 to sell. They only took abt 3 days to push it up to sell. That is how they cari makan.
If the previous round is of any indication, they shld be pushing it up again anytime now. Maybe tomorrow?
They have to do it from time to time so that all other players like us will still get the thrill of holding the Comfort shares. This is how the syndicate keeps the counter alive.
This is a profitable exercise for the syndicate and they will move the share price from time to time, perhaps 4 or 5 times in a calendar year. If you are sharp enough you can make 10% to 20% each round and in a year you can make maybe 60% on your investment. That shld be attractive enough for you to hang around.
Comfort Rubber Gloves Industries Sdn. Bhd. (CRG) was established in 1993 as the glove manufacturing subsidiary of Comfort Gloves Berhad (Formerly known as Integrated Rubber Corporation Berhad (IRCB)) which is listed on the main board of Malaysia’s Stock Exchange – BMSB (Bursa Malaysia Securities Berhad). Located in Taiping, Perak, CRG’s factory is equipped with advanced machineries and operations that are capable of producing wide range of quality gloves.
Currently CRG’s gloves are exported to the Northern American, Oceanic Countries, Middle East Countries, Europe, South America, Africa and Asia-Pacific region.
Don’t triviliase US action on Top Glove products, Najib tells Gov’t Author: savemalaysia Publish date: Tue, 30 Mar 2021, 12:31 PM Close FORMER Prime Minister Datuk Seri Najib Tun Razak urged the Government not to take the US clampdown on Top Glove Corporation Bhd’s (top Glove) products lightly as it would be detrimental to the nation’s economy.
“The order given by the US authority is huge as Top Glove is the world’s largest glove manufacturer, worth about RM20 bil to date.
“What I’m worried about is sooner or later, nations allied to the US will also block products from Top Glove.
“So far, the US has already blocked products from other Malaysian companies such as Sime Darby and Felda Global Ventures (FGV),” he said, in a Facebook post.
cock 1 (kŏk) n. 1. a. An adult male chicken; a rooster. b. An adult male of various other birds. 2. A weathervane shaped like a rooster; a weathercock. 3. A faucet or valve by which the flow of a liquid or gas can be regulated.
I think most of the weak holders have been squeezed out. The only way the syndicate can continue to make money is to push up the price to sell. Looks like it is going to turn green soon. Hopefully today.
The short sellers appear very desperate this morning. More fund managers are seeing the value of Comfort price. Short sellers are starting to have a tough time.
The syndicate was determined to push it up in the dying minutes. Up 2 cents to close at RM1.89. Hope this is an indication that it has turned and is on the uptrend. Short sellers may wish to cover their positions asap before it goes much higher. 6 million done is a good indication that buyers are coming back to this counter. Hope it is kept green tomorrow so that there is reason to celebrate over the weekend.
We are in this chat site to share our knowledge on investment and to learn from one another. I hope i am not asking too much if the contributor(s) can clearly explain the messages that he/she is trying to convey. If everyone can put in more effort in writing properly then we can have a more enjoyable and intelligent conversation.
To me making money in the market is not the only objective. Stock market activity is just my hobby and i get alot of excitement being in the market. It is the learning process that we go through, the knowledge we acquire along the way and how we end up making well informed decisions that help us beat the market that give the excitement to what we are doing 5-9 every weekday.
If all can improve on this, surely we will become more intelligent and knowlegeable in the field of share market investment.
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Dannyfyl88
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Posted by Dannyfyl88 > 2021-03-30 13:48 | Report Abuse
Bull, TG goes down.. most likely ALL gloves go down. TG is Taiko and all smaller Gloves counters like comfort ride with it. However, the bad news -just got worse- does present opportunity to buy and hold. Anything can change in Bursabet. I think TG will not lie still and will get a team of lawyers to fight/sue the CBP for this ridiculous accusation. Forced Labour my ass. These banglas are paid salaries, given housing less swimming pools and A/Cs. Also, they are FREE to leave Malaysia anytime. Pls lah... if Malaysia is a slave country, there are 90% worse countries than Malaysia. WTF...