Along with rising cases, the shortage of PPE has increased too. It might surprise some to know that hospital systems and healthcare facilities still face a huge shortage of essential PPE items like facepiece respirators, masks, and disinfecting wipes. But, the recent item that has suddenly decreased in supply is nitrile gloves.
@linheng Thanks for the analysis. Yeah, looks like shorties did badly yesterday. I think EPF started buying from 12th Jan. And with Q reporting coming and BIG 4 Gloves likely to give special divvy, the shorties can't be holding out too long before covering position.
RSS sold volumes for today from 9:00 am to 11:00 am ... Kossan 0 shares, Hartalega 111,300 shares, TopGlove 682,400 shares, SuperMax 185,000 shares ...
with volume just over 4 million, the lowest for this year.. market really looking for new direction as down trend momentum getting less, day by day.. to successfully short the counter, sure RSS players need big volume to eat back all the sold shares.. roughly about 50 mil (2%) that worth around $200 m.
JP morgan need to publish more bad new coz right now, people still holding tight to their gloves stock. With current situation, they are sitting on interest from loan shares. EPF making it more worst for RSS player when EPF comntinue to accumulate Kossan..
GoodBoy RSS sold volumes for today from 9:00 am to 11:00 am ... Kossan 0 shares, Hartalega 111,300 shares, TopGlove 682,400 shares, SuperMax 185,000 shares ... 21/01/2021 11:00 AM
========== you can see, now huge road block ahread..like yesyerday 400k !!.. Uptick Rule (RSS orders can only be keyed-in at a price greater than the last traded price)
RSS sold volumes for today from 9:00 am to 12:30 pm ... Kossan 0 shares, Hartalega 168,400 shares, TopGlove 1,189,300 shares, SuperMax 275,000 shares ...
Their average short price yesterday is 4.11. So at current price they can cover. Think some profit taking from contra folks. Can see their net position later to see if they cover for loss yesterday. Good opportunity to buy though. If you have intent to buy and confident at this level that is... :)
The total net short position will be available after midnight ... Bursa will make it available then, but i realised that it's not up to date ... it's updated til yesterday closing ...
The RSS purpose is to build a huge resistant or roadblock to prevent price from moving up, syndicates hv to use other shares to constantly sell at lower price to push down ... their intention is to cause panic selling among retailers n buy back at much lower price later ...
relex.. with small volume available, it's only few transaction can push the price higher. Unless big dumping exist. Its the game between RSS and IBs.. foreign stock market has verified that glove counter shall contine being prefered by investors... the more RSS invole at this level, the more they gonna lose, when price suddenly skyrockey like previous week.
we as retailer, just watch and eat pop-corn. unless if u dont believe in glove stock anymore.
they can sell with their own units to influence retailers to follow them to sell, as long as we believe in kossan we just hold. they don't have enough units to close the short, so as long as we unite and don't simply throw back the tickets to them, one day they will give up and launch the share buy back at our asking price
They going all out to try to shake investors confidence. Don't fall for their trap. When they buy back, they have to eat higher and higher priced tickets :p
Syndicates/IBs short-selling for Hartalega, TopGlove n Supermax due to some of their Call Warrants expire on 22/01/2021, 26/01/2021 n 29/01/2021 ... These warrants are in-the-money, they will try to push the price lower ... Kossan's call warrant expire on 29/01/2021 is not in-the-money, so, no extra effort to short ... My guessing only ...
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Posted by UnkleLim > 2021-01-21 09:25 | Report Abuse
Kossan already at low. How low can it go?