Posted by khatulistiwa1234 > 2021-10-14 12:08 | Report Abuse

NOON IS GLOVE COUNTER NEW WIND BLOW .

Posted by bang_miskin > 2021-10-14 12:11 | Report Abuse

IdleMoney66 51,766,008 Rss on 13 Oct
44,311,800 RSS on 14 Oct

7,454,000 RSS closed
_____________________________________________________________________

Thanks for the update. Good to hear that short selling pressure has been reduced.

Posted by jolynce > 2021-10-14 13:33 | Report Abuse

Wow! Yesterday queued to sell at 6.25, didn't get, this morning done! Then shoot up some more to 6.33. Pengsan! Happens all the time.. Wuahaha!

Posted by jolynce > 2021-10-14 13:34 | Report Abuse

bang_miskin, me waiting to buy back too! All the best to you!

Posted by Anxious > 2021-10-14 13:37 | Report Abuse

I was planning to buy some at RM6, to bring my average price down from RM9.00 to RM8.50 but got cold feet went it went below RM6.00.

Anyway, I hope we don't see anything below RM6.00 but if we do may consider it again.

Posted by jolynce > 2021-10-14 13:40 | Report Abuse

When the price keeps dropping and the vol is thinning out because people are fearing of buying, that's when you buy. Only applies to fundamentally sound companies :)

Posted by Anxious > Oct 14, 2021 1:37 PM | Report Abuse

I was planning to buy some at RM6, to bring my average price down from RM9.00 to RM8.50 but got cold feet went it went below RM6.00.

Anyway, I hope we don't see anything below RM6.00 but if we do may consider it again.

Posted by risekita8 > 2021-10-14 13:51 | Report Abuse

Harta flying up today despite the EPF disposal

Good sign

Posted by Anxious > 2021-10-14 14:21 | Report Abuse

As per Bang Miskin, cant rely on EPF buying and selling. Very erratic, don't understand them. Unfortunately thats the only info we get apart from buying/selling by directors or the Company itself.

Anyway, its really a relief that the SP is above RM6.00. I can stomach this range for now until the clouds clear.

The recent very low TP by IBs is what upset me. RM3.99 is just absurd!

There was an interesting video I watch last night on YouTube.

Its When To Sell on Fifth Person

https://www.youtube.com/watch?v=Tq2dYjP5rF4

Well I am happy I didnt watch it earlier, may have influenced me.

Posted by looiting > 2021-10-14 15:24 | Report Abuse

RSS shorting rules should be allowed to retailers also. In US market, retailers can short stocks for as long as possible by paying some interest. Retailers don't have to return the shares at 4pm. Giving IB the full power to short selling only will create lopsidedness in the market, allowing the big boys to control the market, making Bursa Malaysia a killing zone for retailers. IB have accessed to lots of information including the shareholders details, holding duration etc. Imagine you're playing a poker card game which IB have the upper hand to peep under everyone cards. And with that information, IB have extra tools to make money on the downsides and upsides.

Posted by risekita8 > 2021-10-14 16:38 | Report Abuse

Never rely on EPF

Posted by Anxious > Oct 14, 2021 2:21 PM | Report Abuse

As per Bang Miskin, cant rely on EPF buying and selling. Very erratic, don't understand them. Unfortunately thats the only info we get apart from buying/selling by directors or the Company itself.

Anyway, its really a relief that the SP is above RM6.00. I can stomach this range for now until the clouds clear.

The recent very low TP by IBs is what upset me. RM3.99 is just absurd!

There was an interesting video I watch last night on YouTube.

Its When To Sell on Fifth Person

https://www.youtube.com/watch?v=Tq2dYjP5rF4

Well I am happy I didnt watch it earlier, may have influenced me.

Posted by bang_miskin > 2021-10-14 22:44 | Report Abuse

Two things I've learned in recent years.
1) Don't follow EPF. EPF holds a large array of stocks from many different industries, and trade a small fraction of its holdings. The investment proceeds are then to employees as dividends. I am not familiar with EPF trading strategy, nor do I really care since its objective and its capacity to trade is very different from mine. I am pretty sure EPF still holds plenty of Topgloves share from pre-pandemic period while most prudent investors would have sold all it when prices reaches historical highs.

2) Take IB analysis with a grain of salt. I am not a professional financial analyst nor an expert in the glove industry. So I rely a lot on IB's insights and analysis. However be very careful with their target price. Bang miskin is a student in economics, and the data analysis in my field is like a sausage-making factory: once you know how it's made, you don't want to eat it. You will be surprised how shoddy some statistical method that goes into it, and for certain analytical method, when you change your estimate in certain ways, you can fit it into any narrative you want.

My advice here is that IB analysis sometimes offers important information and insights, especially to layman like me. But just like anything you read on the internet, you have to learn to think for yourself and don't take every word as gospel. Anyone who invest in gloves know that IB has been giving very lofty TP for gloves when prices skyrocketed (TP of RM10-RM12 for Topglove after share split), but changed their tune when prices tumbled.

Posted by Cerubic > 2021-10-15 00:23 | Report Abuse

Small potato learn a lot reading the comments from the expertise here...very2 interesting

Posted by DonWorryBeHappy > 2021-10-15 01:24 | Report Abuse

Bought some 6.20

Posted by khatulistiwa1234 > 2021-10-15 09:21 |

Post removed.Why?

Posted by khatulistiwa1234 > 2021-10-15 09:22 | Report Abuse

See the little volume , enough to see the sensitive COUNTERFEIT .......IT IS RISE MODE .

Posted by khatulistiwa1234 > 2021-10-15 09:22 | Report Abuse

GLOVE COUNTER DAYS DECLARE ........

Posted by khatulistiwa1234 > 2021-10-15 09:23 | Report Abuse

FIRST CLASS FACE OFF .

Posted by khatulistiwa1234 > 2021-10-15 09:24 | Report Abuse

Yesterday me alone buy on 6.50 A LOT PILE .

Posted by khatulistiwa1234 > 2021-10-15 09:25 | Report Abuse

I even like the DIVER this morning , penetrate my sharp EAGLE VIEW .

Posted by khatulistiwa1234 > 2021-10-15 09:25 | Report Abuse

IT IS COMING BACK .......... PEER PRICE AGAIN .

Posted by khatulistiwa1234 > 2021-10-15 09:27 | Report Abuse

I ALL TIME BELIEVE CASH KING IS REAL KING IN MARKET >>HARTA THE MOST CHAMPION KING IN CASH IN GLOVE COUNTER .

Posted by khatulistiwa1234 > 2021-10-15 09:28 | Report Abuse

Mother Whales use BLOCK EYE method ..... FULL FORCE PLUNGED to threaten the weakness .

Posted by khatulistiwa1234 > 2021-10-15 09:29 | Report Abuse

I EVEN BOUGHT IN MORE AND MORE ...

Posted by khatulistiwa1234 > 2021-10-15 09:30 | Report Abuse

TIME GLOVE COUNTER BURST BACK .

Posted by khatulistiwa1234 > 2021-10-15 09:31 | Report Abuse

I BOUGHT IN 5.70 ....THOUSAND LOT THAT DAY ...will ADD IF STILL BELOW 6.00

Posted by khatulistiwa1234 > 2021-10-15 09:32 | Report Abuse

Phenomena on GLOBAL ..... GLOVE IS NECESSARY ITEM < STILL HOT DEMAND .

Posted by khatulistiwa1234 > 2021-10-15 09:33 | Report Abuse

Shopping AGAIN , if CHEAP , will BULK IN FUND .

Posted by Bgt 9963 > 2021-10-15 09:34 | Report Abuse

Going now where...!

Posted by khatulistiwa1234 > 2021-10-15 09:39 | Report Abuse

USE Psychology to trade .... PEOPLE SCARE , you buy , PEOPLE CONFIDENCE , you LEAVE ...THEORY OF HUMAN DESIRE , REPTILE BEHAVIOUR .

Posted by khatulistiwa1234 > 2021-10-15 09:40 | Report Abuse

MOST PEOPLE SELECT LET IT GO ....so i patient , calm even tolerance purchase in .

Posted by khatulistiwa1234 > 2021-10-15 09:41 | Report Abuse

Very simple logic , i buy and chase when people give up .

Posted by khatulistiwa1234 > 2021-10-15 09:42 |

Post removed.Why?

Posted by khatulistiwa1234 > 2021-10-15 09:43 | Report Abuse

WHALES ACTION , all time one direction , PRESS BUTTON UNTIL UNBELIEVABLE .

Posted by khatulistiwa1234 > 2021-10-15 09:44 | Report Abuse

WORTH 10.00 , PRESS UNTIL 4.50 ........ THIS IS MOTHER WHALES ....THEY CAN LAUGH ALL WAY TO FAIRLY PARK POSSIBLE .

Posted by khatulistiwa1234 > 2021-10-15 09:44 |

Post removed.Why?

Posted by khatulistiwa1234 > 2021-10-15 09:46 | Report Abuse

For me HARTA is PRICELESS COUNTER , it worth ABOVE 16.00 .....LONG TERM INVESTMENT ....

Posted by khatulistiwa1234 > 2021-10-15 09:47 | Report Abuse

I PUT FOR MY RETIRE FUND .

Posted by newbie8080 > 2021-10-15 09:55 | Report Abuse

@khatulistiwa1234

Not everyone like you have unlimited funds to keep pouring in.

The best way for most of us is choose a good entry or purchase accumulative in 2-3 sets.

But I do believe and agree in 10 years time, it should reach RM16.

Before pandemic, between 2010-2019, it's share price appreciates between 15%-20% per annum.

Posted by IdleMoney66 > 2021-10-15 09:58 | Report Abuse

51,766,008 Rss on 13 Oct
44,311,800 RSS on 14 Oct
40,413,725 RSS on 15 oct

Posted by Anxious > 2021-10-15 10:28 | Report Abuse

Thanks IdleMoney for the update.

Posted by bang_miskin > 2021-10-15 10:29 | Report Abuse

No hurry to purchase at above RM6. Poor glove sentiment may potentially push price below RM6. Can enter around RM5.70-RM5.90 or when transaction volume is low. In the last two days, most high volume purchase are made early in the morning (around 10am), so I suspect foreign funds may be accumulating.

@newbie8080 between 2010-2019 glove counters are a great investment, but the pandemic changes the situation when China enters into the equation. Expect price war in 2022-2023. This is why Harta price is "cheap" because investors are worry China's entry. I think China threat is overblown, which is why I think Harta is a good counter to invest.

Posted by Mini2021 > 2021-10-15 10:33 | Report Abuse

EPF cover the short selling, later they will push down...

Posted by Anxious > 2021-10-15 10:35 | Report Abuse

Yes, I think China factor overblown. With their energy crisis now, it may not be worth it for them to concentrate on gloves esp with the ASPs moving south. So Msian gloves may be saved from an onslaught by the Chinese. At least for now. Hopefully the share price consolidates above RM6.00.

Posted by jolynce > 2021-10-15 10:36 | Report Abuse

@bang_miskin I'm learning from you too. Thank you.

Posted by bang_miskin > Oct 14, 2021 10:44 PM | Report Abuse

Two things I've learned in recent years.
1) Don't follow EPF. EPF holds a large array of stocks from many different industries, and trade a small fraction of its holdings. The investment proceeds are then to employees as dividends. I am not familiar with EPF trading strategy, nor do I really care since its objective and its capacity to trade is very different from mine. I am pretty sure EPF still holds plenty of Topgloves share from pre-pandemic period while most prudent investors would have sold all it when prices reaches historical highs.

2) Take IB analysis with a grain of salt. I am not a professional financial analyst nor an expert in the glove industry. So I rely a lot on IB's insights and analysis. However be very careful with their target price. Bang miskin is a student in economics, and the data analysis in my field is like a sausage-making factory: once you know how it's made, you don't want to eat it. You will be surprised how shoddy some statistical method that goes into it, and for certain analytical method, when you change your estimate in certain ways, you can fit it into any narrative you want.

My advice here is that IB analysis sometimes offers important information and insights, especially to layman like me. But just like anything you read on the internet, you have to learn to think for yourself and don't take every word as gospel. Anyone who invest in gloves know that IB has been giving very lofty TP for gloves when prices skyrocketed (TP of RM10-RM12 for Topglove after share split), but changed their tune when prices tumbled.

Posted by jolynce > 2021-10-15 10:38 | Report Abuse

Hopefully. Hopefully If it will break the previous high of 6.32 to form a higher high.
Posted by Anxious > Oct 15, 2021 10:35 AM | Report Abuse

Yes, I think China factor overblown. With their energy crisis now, it may not be worth it for them to concentrate on gloves esp with the ASPs moving south. So Msian gloves may be saved from an onslaught by the Chinese. At least for now. Hopefully the share price consolidates above RM6.00.

Posted by jolynce > 2021-10-15 11:28 | Report Abuse

sold 6.25 yesterday, bought back 6.10 today. otherwise if price goes up, i have nothing to sell. :P

Posted by Anxious > 2021-10-15 11:53 | Report Abuse

I dare not trade. If it shoots up fast I may be left high and dry. So just watch on the sidelines for now.

Posted by khatulistiwa1234 > 2021-10-15 12:12 | Report Abuse

I make another round BIG SHOPPING ...... if continue down , i will bulk in again , THANK GOD .

Posted by khatulistiwa1234 > 2021-10-15 12:12 | Report Abuse

Where earth got so nice shopping fair ..i experience the great ....GRAND SALES IN MALL ...

Posted by khatulistiwa1234 > 2021-10-15 12:13 | Report Abuse

I even ask MY SIBLING shop together , ask them pick , i settle bill .