Posted by Anxious > 2021-11-25 12:02 | Report Abuse

EarnAmeal, you are absolutely right.

I have decided to stop looking at this counter.

Not even considering averaging down for the moment.

Will try to forget about it for now.

Posted by bang_miskin > 2021-11-25 12:57 | Report Abuse

@Anxious, if you want to top in at a lower price, just key in a certain amount of order at your desired price (say RM4.80). No need to look at it daily if you do not plan on trading.

Now I am more worried about my other recovery stocks, especially Genting. With all the glowing IB report, I expect it to go up, but it has been trending down for the past week. Have been keeping tabs on that counter for the past several days (initially plan to sell off some Gent to grab Harta for cheap, now just waiting for the right prices.)

Posted by Anxious > 2021-11-25 14:04 | Report Abuse

Bang Miskin, What do you think about Tenanga?

It hit 52 week low today at RM9.40.

I think Quarterly results out soon.

Plus news they took a 3 billion loan. Heavy in borrowing.

Posted by mf > 2021-11-25 14:15 | Report Abuse

FRANKFURT: Germany announced record COVID-19 fatalities and infections on Thursday (Nov 25) as its total death toll passed 100,000, with its most severe virus wave yet breaking just as a new government prepares to take the reins.

Germany weathered earlier bouts of the pandemic better than many other European countries, but has seen a recent resurgence, with intensive-care beds rapidly filling up.

Posted by bang_miskin > 2021-11-25 14:17 | Report Abuse

@Anxious Don't know much about Tenaga, sorry.

It's useful to read a couple of IB reports to get a feel of things (but don't take their TP as gospel, most of us learned that lesson =) )

On an unrelated matter, it is usually safer to keep a diversified portfolio instead of putting most or all of your money into a single counter or industry.

Posted by jolynce > 2021-11-25 14:26 | Report Abuse

from ex-date price of RM5.52 to lowest of RM4.97 on 23 Nov, that's exactly 10% drop as what I've anticipated. But seeing how Kossan fell by 15% after ex-date, I am not overly optimistic the worse is over for Harta. Anyway I am still waiting to buy back what I sold on ex-date, so I would like to see it come down lower before climbing up. I think @Anxious feels the same way ya? :)

Posted by bang_miskin > Nov 25, 2021 10:07 AM | Report Abuse

@Anxious My gut feeling tells me that the sell-off since the last ex-date has subside. But is it over (will we revisit RM5 this week)? Hard to say. Right now there is a sell-off in all top4. Why? I don't really know, probably has to do with poor market sentiment.

Posted by jolynce > 2021-11-25 14:39 | Report Abuse

@Anxious Tenaga is a downtrending stock. I've done many transactions on this stock in the last few months.. highest I sold was at 10.5++ before dividend was announced despite IB's target price of RM12++, and thank God I did because it came back down to RM9.8++ very quickly after I sold... which reiterated what bang miskin said about not trusting IB's TP. LOL!

I bought back when it was at RM9.8+, collected the 22c dividend, and sold everything slightly above cost. Recently when it reached its 52-wk low of RM9.50, I bought 30 lots... and now.... down again it goes. I will wait to buy more. You'll be tying your cash down if you buy Tenaga but if you buy at the right price, as with every stock on Bursa, it can be very rewarding.

Posted by Anxious > Nov 25, 2021 2:04 PM | Report Abuse

Bang Miskin, What do you think about Tenanga?

It hit 52 week low today at RM9.40.

I think Quarterly results out soon.

Plus news they took a 3 billion loan. Heavy in borrowing.

Posted by Bgt 9963 > 2021-11-25 14:54 | Report Abuse

Investor runaway...

Posted by Keyman188 > 2021-11-25 15:02 | Report Abuse

Amboi...This is really local market culture...

Latest B/S cash pile @ RM 5 bil...

But today market only RM 17.51 bil...



wkwkwk...kekeke...hehehe...

Posted by Anxious > 2021-11-25 15:42 | Report Abuse

Jolynce, I made a little with Tenanga this year too but only bought 1000 shares. Earned RM580 dividend and recently sold at RM10.50 and made RM650. Not bad, that like 12.5% return in less than a year.

Only if I didnt get hit with Harta, I could continue to dabble and enjoy lettle gains here and there. Just got too greedy with Harta, now lost confidence in the game....

Posted by Anxious > 2021-11-25 15:44 | Report Abuse

Tenaga is at 5 year low. Quarterly results due soon, may go down some more. Dividend only due next year after next Q results in February. So between now and then may go down more. Will be watching it.

Posted by Anxious > 2021-11-25 17:59 | Report Abuse

Finally, EPF acquired some Harta shares....

22 Nov 2021 Acquired
201,200 EMPLOYEES PROVIDENT FUND BOARD

Posted by risekita8 > 2021-11-25 20:27 | Report Abuse

I don't see that as good news

Posted by Anxious > Nov 25, 2021 5:59 PM | Report Abuse

Finally, EPF acquired some Harta shares....

22 Nov 2021 Acquired
201,200 EMPLOYEES PROVIDENT FUND BOARD

Posted by risekita8 > 2021-11-25 20:28 | Report Abuse

Actually EPF will be the first to get out and taking profits once the price going up

Posted by Calvin882 > 2021-11-26 09:22 | Report Abuse

Not sure why suddenly move up. It has been a long time since glove counters react oppositely to the overall market. Probably due to this negative news?

https://www.bbc.com/news/health-59418127

Posted by Panorama1 > 2021-11-26 09:32 | Report Abuse

“No Time To Buy” - Hartalega 008 :-)

Posted by Anxious > 2021-11-26 09:40 | Report Abuse

Hartalega attempting to stage a technical rebound, says RHB Retail Research

KUALA LUMPUR (Nov 26): RHB Retail Research said Hartalega Holdings Bhd is attempting to stage a technical rebound.

In a trading stocks note today, the research house said the trading volume has been decreasing, which suggest that selling pressure is tapering down.

“If the stock climbs above the immediate resistance of RM5.20, a bullish bias could emerge. It may climb higher towards the next resistance of RM5.40, followed by RM5.60.

“Meanwhile, breaching below the RM4.97 support may see the correction resuming,” it said.


https://www.theedgemarkets.com/article/hartalega-attempting-stage-technical-rebound-says-rhb-retail-research

Posted by Anxious > 2021-11-26 09:43 | Report Abuse

Interesting to see how the SP moves from here.

If it stays between RM5.00 to RM6.00 range until year end, that would be a relief.

Next year is another story. Hopefully RM4.97 becomes the 52 week low for the next year and we don't retest it.

Maybe wishful thinking but who knows.

Posted by Calvin882 > 2021-11-26 09:57 | Report Abuse

Glove counters really making a comeback

Posted by bang_miskin > 2021-11-26 09:58 | Report Abuse

Even though this stocks is downtrending, in our hearts most of us know that many glove counters are oversold. At this price, does not make sense to sell. Just buy and hold.

Posted by looiting > 2021-11-26 09:58 | Report Abuse

No one knows where the stock price will go. Different chartists will tell you different things and all of them believe their prediction is true. But dividend yield is the ultimate number which no one can deny and debate. At current price, you'll be getting 5-6% after normalisation , rain or shine. If you love that, just average down. I've been doing so since before ex date

Posted by SWT1988 > 2021-11-26 10:29 | Report Abuse

Cabutla

Posted by Anxious > 2021-11-26 10:42 | Report Abuse

Finally something to smile about after weeks of despair. Will enjoy it while it last . Too bad I didn't pick up anything at RM5.00 but no regrets if it stays above RM5.00

Posted by Panorama1 > 2021-11-26 10:55 | Report Abuse

RSS Open Position Down Positive
Balance Sheet RM5b Positive
USD Up Positive
Covid-19 new variants Positive
Low Share Price /Yield Up Positive
I Rest My Case !

Posted by Calvin882 > 2021-11-26 11:30 | Report Abuse

Nice.. Just ride on it.

Posted by Calvin882 > 2021-11-26 11:33 | Report Abuse

Didn't expect such strong impact from the new Covid variant to gloves counter.

Posted by Calvin882 > 2021-11-26 11:46 | Report Abuse

It move the glove counters but bring down the market

Posted by Calvin882 > 2021-11-26 12:04 | Report Abuse

Seems like strong support. Should average up now?

Posted by stingray_ea > 2021-11-26 12:14 | Report Abuse

,,,,,,,

Posted by vcpmaster123 > 2021-11-26 12:15 | Report Abuse

Technical wise harta has reached the bottom..

Posted by Panorama1 > 2021-11-26 12:53 | Report Abuse

A Company with RM5b Cash & Cash equivalents !
Although Genting has RM22b in Cash & Cash equivalents, their total borrowings are RM42b and in the negative sector amidst the protracted Covid-19 pandemic. We are heading into 2022 and not yet out of the woods yet in respect of Covid-19. Tenaga is Negative when USD on an uptrend.

Posted by Pgraduate123 > 2021-11-26 13:05 | Report Abuse

No need talk so much... There are nothing else with buying in bursa except Gloves... Bottom already reached... What goes down must go up.
I foresee a long rally into 2022

Posted by bang_miskin > 2021-11-26 13:06 | Report Abuse

Wow went out for lunch and then now RM5.50! Haha should have added another telur!

@Calvin882 Don't know for sure. On April 2021, my cue to buy is when price went up from RM9 to RM10 within two days. I even top up a little when it reaches RM11+, but then 2 weeks later, went back to RM9 =(

Hard to say if glove sentiment improves, if you want to average up, can do so a little. I expect profits to fall for another 2 quarters, so price may continue to trend downwards. With 40% in Harta, I wish I am wrong. Just my 2 cents

Posted by Panorama1 > 2021-11-26 13:12 | Report Abuse

No Right & No Wrong in equities investments due to differences in circumstances and strategies. For an old man that have left Corporate scenes years ago, definitely cannot adopt day trading or short term strategies. It will be bad for the heart !

Posted by SWT1988 > 2021-11-26 13:13 | Report Abuse

Very strong technical rebound. Good. Can sell more. DJIA future dropped around 500 points

Posted by SWT1988 > 2021-11-26 13:15 | Report Abuse

Good to play ding dong. For holding, l prefer to buy below 4.50

Posted by bang_miskin > 2021-11-26 13:19 | Report Abuse

Easiest strategy: if you feel that the company is undervalued: buy. overvalued: sell. My TP for Harta is at least RM7, so whenever got some extra cash, I buy.

Posted by Panorama1 > 2021-11-26 13:38 | Report Abuse

@SWT1988 DJIA futures dropped due to USD strength and Covid-19 new variants risks. Effectively, even more positive for Hartalega to continue the uptrend reminiscent of Year 2020 cycle :-) Always go for strong Balance Sheet (ample Cash with minimal borrowings) counter amidst financial crises.

Posted by EarnAmeal > 2021-11-26 13:55 | Report Abuse

I don't expect profits dropped , I can confirm it will drop.

Posted by Anxious > 2021-11-26 13:57 | Report Abuse

Posted by SWT1988 > Nov 26, 2021 1:15 PM

Good to play ding dong. For holding, l prefer to buy below 4.50


I think you are absolutely right SWT1988. I am not much of ding dong person , so will be happy to hold at these levels, consider adding if goes below RM5.00

Posted by kevcha66 > 2021-11-26 14:10 | Report Abuse

up up on the way

Posted by kevcha66 > 2021-11-26 14:11 | Report Abuse

all read, except health care is green.

Posted by kevcha66 > 2021-11-26 14:11 | Report Abuse

*red

Posted by Noni > 2021-11-26 14:11 | Report Abuse

EPF says yes yes yes

Posted by Calvin882 > 2021-11-26 14:32 | Report Abuse

Based on the market reaction and glove counters movement, seems like this new variant is more devastating than Delta. Hopefully not.

Posted by looiting > 2021-11-26 14:36 | Report Abuse

Wow, it jumped so fast. Luckily, I've been averaging down for the past weeks. Most chartists will not jump in until technical buy signals appears such as EMA20 cross EMA200 bla bla bla... You guys still have time to buy before that

Posted by vcpmaster123 > 2021-11-26 14:39 | Report Abuse

The new variant has turned the tide completely.. The vaccines has been suggested to have no efficacy against the new variant so far hence making it the new virus...

Posted by Calvin882 > 2021-11-26 14:42 | Report Abuse

Added some more before lunch time. Its much closer to my average now. Hopefully from red turn to green today.

Posted by bang_miskin > 2021-11-26 14:43 | Report Abuse

To me the market overreacted just like the selldown to RM4.95 a few days ago.
Still at RM5.65 it is RM6.00 with dividend. Still a reasonable price a month ago =)

Posted by vcpmaster123 > 2021-11-26 14:44 | Report Abuse

This new variant without a doubt creating a new ballgame...