Posted by Kevin Tam > 2020-08-12 16:24 | Report Abuse

Hehe... gold related counters got back their strength, now 6 -7 glove counters facing heavy selling pressure.... many come here to give negative comments should be fans of glove counters....

Posted by Haoger > 2020-08-12 16:34 | Report Abuse

bursting :D....flushing~

Posted by Johnson Wong > 2020-08-12 16:41 | Report Abuse

https://www.klsescreener.com/v2/news/view/713233

Posted by razorknight > 2020-08-12 16:41 | Report Abuse

Anyone got trap with this counter....!!????

Posted by Shawalrich87 > 2020-08-12 16:59 | Report Abuse

This counter up because director buyback because they want to save company capital from down to low 10 cent. Don't be trapped again .. don't buy learn from other mistakes. Once director sold out (dispose) immediately share price plummet to 30% ..

Posted by alien1102 > 2020-08-12 17:08 | Report Abuse

@Shawalrich87, any news u got for the director buy back?

Posted by iamismail > 2020-08-12 17:10 | Report Abuse

Tommorow will test RM 1.20 again...!!!

Posted by iamismail > 2020-08-12 17:11 | Report Abuse

Last minute selling from T3. All absorb well. Can't wait for tommorow. Remember high of 1.80 !!
Tommorow chase again.

Posted by kuring2 > 2020-08-12 17:17 | Report Abuse

I believe director knows that the gold price will up..thats is why they are buying back the price at lowest price.

Posted by Shawalrich87 > 2020-08-12 17:43 | Report Abuse

Did you notice in second intraday market session , chart shown suspicious trend as compare to the first intraday session..it mean director that push the share price up to save their company capital from burst into less than 10 cents.director have ample money to burn while ikan bilis doesn't have.they don't mind to burn million ringgit to allure new victim buy this stock as they can cover back when sale at the high price.look at poh Kong no want line up to buy jewelry and they making loss million of ringgit.to cover up they loss they trading their share in the public , by spark interest to buy in then sell stock ... From 180 cent down to 78 cent, suppose today down to 40 cent. Director buyback ... Same cycle will happen here

Posted by sharewiz118 > 2020-08-12 17:54 | Report Abuse

i got trap, i bought 1 (one) lot of share at 1.16 and wait for tomorrow show down ..... LoL

Posted by Shawalrich87 > 2020-08-12 18:06 | Report Abuse

@Alien1102, they buy back share to prevent they loss market capital and they won't mind to spend million ringgit after make plenty profit from 30 cent bought and sales at 180 cent, 6 fold profit.. I think tommorow ikan bilis will come in , director will at sideline to grasp their profit at the high maybe at 130cent. This stock not back by fundamental , gold expensive not one afford to buy at reccesion , store making loss.. so how to justify the high price of stock price ... Gold in store not translate into revenue( stuck) , overhead costs everyday still need to pay( rent, utility and payroll). So where their got money to pay, by making profit out stock market as jewelry business not good. Company incur loss of million till end year as weak consumer sentiment and high number of unemployment rate still high above 5%.

Posted by kuring2 > 2020-08-12 18:09 | Report Abuse

Shawalrich87..no la...director wont bother if the price goes down to 40c..they lagi suka counter go low2 n re enter..somemore, they already sell their shares at high price prev.. most of gold counters start moving i guess today.. tomey n nice also moved..

I bet pohkong director also like us ikan bilis.. want to take peofit while untung.. but the different is, they will bring an impact if they sell..compared to us, if we sell 100% holding stock nothing happen to the stock. Most of the times, when we sell the stock, short after the stock keep going up.. hehehehe.. betul x.

Posted by Shawalrich87 > 2020-08-12 18:39 | Report Abuse

Market capital is number of share multiple with share price not same with gold inventory is book value. So don't confuse . For example you bought McDonald's share not to buy they frying machine , you buy because they generate plenty of revenue translate into good dividend yield and genuine capital appreciation and growth over time from 10 stores to million store around the world , same goes to poh Kong .. poh Kong incurred loss how to compensate investors plus their store closing .

Posted by Shawalrich87 > 2020-08-12 18:41 | Report Abuse

2 store closing , now store only left 10 and more .. additional comment in above

Posted by limkokthye > 2020-08-12 19:23 | Report Abuse

limit up, gold price up again

Posted by Kevin Tam > 2020-08-12 22:32 | Report Abuse

Wait for next quarter result, if better than previous quarter profit, can those spreading negative views come out to belanja investors here for one fine dinner ? :)

Posted by Matt2020 > 2020-08-12 22:34 | Report Abuse

https://www.kitco.com/news/video/show/Kitco-NEWS/2934/2020-08-11/Ignore-this-noise-$3400-gold-price-is-still-the-target-for-VanEck#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS

Posted by Haoger > 2020-08-12 22:49 | Report Abuse

This is so funny...gold price hike up...yet people think this benefits the jewelry seller instead of hurting it... LUL...so people willing to buy more expensive gold huh??? hahahhahah

Posted by Kevin Tam > 2020-08-12 23:48 | Report Abuse

Haoger , in your view , gold jewellery shops n Poh Kong is big winner if gold price go down to USD1700-1800? Jewellery shops now in deep shit coz gold at usd 1900-2000? Hehe

Posted by Haoger > 2020-08-13 00:00 | Report Abuse

yes of course :D?... gold jewelry shop profit mostly came from designs and commission, gold price hike up = less customer ?? so you think people will drive more if the petrol price gone up :D?? instead of going for bus or other public transport??

Posted by HTCS > 2020-08-13 00:33 | Report Abuse

When gold shop has old stocks with cheap price can ride on the wave of gold bullish with higher selling price . When old stocks sell finish , have to buy new stocks with higher price unless have stocks up lots of Old stock but doubt of it.

Posted by Haoger > 2020-08-13 00:43 | Report Abuse

There is no old or new stocks FIFO in gold shop lol...every items on the table are calculated based on CURRENT gold price...LOLLLLLLLLLLLLLLL

Posted by Haoger > 2020-08-13 00:45 | Report Abuse

When you sell back your gold bought 10 years ago to the shop...can the buyer in the shop say this was bought 10 years ago... I buying it with the price of 10 years ago can?? LELLLL...

Posted by Haoger > 2020-08-13 00:48 | Report Abuse

This is why many counters are pure goreng up...market full of these clowns....

Posted by runroadtokl > 2020-08-13 00:51 | Report Abuse

why director are buying and selling?

Posted by mf > 2020-08-13 05:39 | Report Abuse

Gold 1,926.45 -19.85 -1.02%

Posted by abc123_2020 > 2020-08-13 05:50 | Report Abuse

Today will go DOWN again..

Posted by sd99 > 2020-08-13 07:12 | Report Abuse

@runroadtokl, director no business, no one buy gold so high dy..so he main stock because can goreng laa

Posted by masterus > 2020-08-13 07:42 | Report Abuse

Roller coaster

Posted by masterus > 2020-08-13 07:44 | Report Abuse

Gold up and down. The company also up and down. Shoot high and fall hard. Everyday up and and down hard will get heart attack.

Posted by Noobie123 > 2020-08-13 07:57 | Report Abuse

Jerung besar ni

Posted by Moneychaser > 2020-08-13 08:24 | Report Abuse

saya sudah kena this monday.....director pun tak boleh harap..

Posted by JejakaDuit > 2020-08-13 08:29 | Report Abuse

Gold to move up back.. Now 1,940.05 and push to up back.. All the best

Posted by mf > 2020-08-13 08:54 | Report Abuse

Gold 1,939.25 -9.75 -0.50%

Posted by foreverchung > 2020-08-13 08:58 | Report Abuse

guys today whats our limit down .. can go back to 60 cents or not ..

Posted by Matt2020 > 2020-08-13 08:59 | Report Abuse

2000 is coming back by next week stay cool lol

Posted by foreverchung > 2020-08-13 09:22 | Report Abuse

calling hq calling hq .. would like to inquire can buy 0.6rm or not

Posted by kuring2 > 2020-08-13 09:29 | Report Abuse

Gold price 1,940 : +25 from previous close.. wowww

Posted by kuring2 > 2020-08-13 09:29 | Report Abuse

its going up mode by eod..

Posted by kuring2 > 2020-08-13 09:32 | Report Abuse

Lets try to hit the highest high yesterday. 1.16.. now 1.07.. lets break

Posted by Stockiss > 2020-08-13 10:13 | Report Abuse

Compiled several charts and published a comprehensive comparison of gold stocks performance with Spot Gold Price co-relation. Check out at https://klse.i3investor.com/blogs/GOLDRUSH/2020-08-13-story-h1511679619-NICE_7139_Riding_The_Century_Bull_Gold_Rally.jsp .

Share it out to educate everyone about the opportunity and potential with gold counters. It also addressed those who concerned if gold counters are performing per spot gold price movement.

Posted by iamismail > 2020-08-13 10:22 | Report Abuse

Good price to enter now. Will move higher. Expect to move higher to 1.15 - 1.20.

Posted by iamismail > 2020-08-13 10:23 | Report Abuse

Do watchout for LKL too..

Posted by kereta > 2020-08-13 10:29 | Report Abuse

LOL still same old shit? This is Poh Kong, they don't give birth to GOLD!!

They need to buy gold as RAW MATERIAL TO produce their inventories to sell! Then given such sluggish economy you think ppl will buy elevated cincin price? NO! It's not 1-to-1 ratio raw material-to-sales price, meaning profit margin is LOWER because sales increase cannot keep up with cost of sales!

Posted by iamismail > 2020-08-13 10:29 | Report Abuse

POH KONG highest was 1.80. Yesterday high was 1.20, so why wait guys. Oppurtunity doesnt come everyday. Red color means buy Yellow/white means hold.. green sell la. :)

Posted by Haoger > 2020-08-13 10:34 | Report Abuse

kereta LOL still same old shit? This is Poh Kong, they don't give birth to GOLD!!

They need to buy gold as RAW MATERIAL TO produce their inventories to sell! Then given such sluggish economy you think ppl will buy elevated cincin price? NO! It's not 1-to-1 ratio raw material-to-sales price, meaning profit margin is LOWER because sales increase cannot keep up with cost of sales!

finally, a human with brain..

Posted by iamismail > 2020-08-13 10:38 | Report Abuse

People are badly hit yesterday. Thats market guys. Today start agian. Recoup losses, this counter will provide you that. Once momentum build will fly again, RM1.15 -1.20 short term target

Posted by 888Money > 2020-08-13 10:40 | Report Abuse

https://www.investing.com/analysis/history-says-gold-correction-could-lead-to-big-rally-200533862

Posted by iamismail > 2020-08-13 10:42 | Report Abuse

Yes, Good article, my point exactly.