I think It's just one major org doing the shorting n dumping. Saw 2 units with large sell q at a price, when 1 unit gone the large sell q disappeared also.
Yeah. pls share your obervations. We need to be smarter here. Looks like not much downside, thus Shorties see no meat. Tomorrow or next week shall see more lights.
Kossan call warrant C7 has a strike price of RM 4.00, so if the settlement price (mother share closing price or 5 days VWAP) is ABOVE RM 4.00, the issuer is obliged to settle to each warrant holder, the difference in the two prices divided by the conversion ratio.
However, if the settlement price is below RM 4.00, the warrant holders will get nothing. Note that C7 only will expire on the 26 Apr 2021.
The next call warrant that has a slightly higher strike price is C9 which has a strike price of RM 5.00 and expires on the 15 March 2021.
Unless there are funds out there (that are not the issuer of these 2 warrant) that see Kossan shares as severely under-valued and and start to buy them up consecutively over the next few weeks, Kossan share price I suspect will remain low.
@chuasetupchua C7 is still 3 months out. Too early for them to launch a campaign to keep price down. Will wait for buy back, shouldn't be too long now. :)
RSS is allowed by bursa, there is good on rss to create more liquidity to the market and also prevent 1 stock to go up too fast. for now shorties look down on gloves and think gloves will go south, they short massively on gloves but now their shorts should be at loss. they still not give up and continue sell down the gloves hoping will influence more to buy their opinions and follow them to sell. in order for them to win they have to buy back the shares at the much lower price later. they are very very rich hence they also own a lot of units on hand as hedging just like how IBs issue the warrants will also have huge units on hand. so now is about the patience and time, see who eventually can't hold on anymore and give up. you can check out the short vol from bursa, so as long as the short vol still high means shorties will continue attack until all follow their call to sell back to them at their asking price. but many of us also knew Q coming out and will announce divvy, so we just hope shorties will run out of bullets soon to give up and launch the buy back before Q
they are very clever actually...they borrow shares to short sell, at the same time as the price drops (and only drops because panic retailers sell to them), they will buy back shares which they will later use to return the borrowed shares plus keep to sell at a higher price. that is when we start seeing positive news about gloves in demand and stable ASPs etc etc... so dont be fooled. we need to be smart..
Yeah, we hv many newcomers which the common mistakes keep happening. jus need to keep repeating educating n make newbies more savvy here. steep curve to climb.
Today's RSS volume is 0. Some of us here theorised that they may be shorting with their own shares now. This could be true, perhaps no one wants to loan them their shares anymore.... Can't wait till they start their buy back. Come on BIG BOSS, come out and make the shorties sweat a little! :)
Just wait for the qr, what do you expect big boss to announce? It is pointless to fight with shorties, if you believe in gloves just hold else just cut loss
Only in Bursa Malaysia, you see how dirty and bad manipulation is done on super strong fundamental stock. Current price on Kossan was at similar range of price in June 2020, during that time how much was the case and company profit? compared to current?(simple thinking for you to understand how undervalue is this stock). Most of short seller are foreign funds. You see how much enviness and jealousy of foreign towards Malaysia as main rubber glove producer. But im pretty sure and hope end of tunnel, there will be super bullets from our local shark to destroy JP Morgan and his buddies., even their share buy back will kill themselve.
RSS shorted 865,700 on 20/01/2021, this volume was not added in 20/01/2021 Total net short position report after midnight that day ... This volume would be added into 21/01/2021 Total net short position in the next day after midnight... Means, current day transactions will be added into next day report ...
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Posted by invest4tomoro > 2021-01-21 16:45 | Report Abuse
sometimes it is just unbelievable that we got 12 CWs going to expire tomorrow until nxt week friday.