KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.48

Today's Change

+0.01 (0.40%)

Day's Change

2.45 - 2.49

Trading Volume

4,975,200


19 people like this.

16,212 comment(s). Last comment by xiaoeh 1 day ago

jolynce

547 posts

Posted by jolynce > 2021-12-07 15:54 | Report Abuse

Actually Kossan net short position as at 6 Dec is 1.34% of the total NS position on Bursa. In November, it was above 2.5%, meaning the shorties have in recent days bought back a lot of Kossan, meaning current price is attractive enough for them to buy, meaning....?

Posted by wangtrader > 2021-12-07 16:46 | Report Abuse

they used the last closing price to trap buyer 4.45pm onwards

Posted by whocare1982 > 2021-12-07 20:35 | Report Abuse

https://youtu.be/0JnToa23LLQ
(马股)KOSSAN 和 SUPERMAX SWING TRADE 更新-2!

kuan1209

85 posts

Posted by kuan1209 > 2021-12-07 21:27 | Report Abuse

Recently so many are panic and sell cheap tickets for RSS shorters to buy back... Anyways, let's get ready for the next uptrend.

Date ---- Net Short Position ---- % ---- +/-
24/11/2021 51,342,666 | 2.01% | +127,100
25/11/2021 50,902,365 | 1.99% | -440,301
26/11/2021 50,594,565 | 1.98% | -307,800
1/12/2021 47,520,765 | 1.86% | -3,073,800
2/12/2021 40,913,156 | 1.60% | -6,607,609
6/12/2021 34,304,410 | 1.34% | -6,608,746

Posted by wangtrader > 2021-12-08 17:21 | Report Abuse

Epf to lend out share for short seller, we shd condemn this practice and report to the authorities . The epf fund belong to rakyat, they used the fund to buy share and lend out for short seller to damage the counter. This is a breach

ocpd

762 posts

Posted by ocpd > 2021-12-08 17:48 | Report Abuse

Why still no info on the 100 mill shares seller from last week? Surely must be a major share holder right?

ocpd

762 posts

Posted by ocpd > 2021-12-08 17:52 | Report Abuse

@kuan1209 looks like shorters were covering during the hype of pandemic. That should burn them a little.

kuan1209

85 posts

Posted by kuan1209 > 2021-12-08 18:13 | Report Abuse

Date ---- Net Short Position ---- % ---- +/-
24/11/2021 51,342,666 | 2.01% | + 127,100
25/11/2021 50,902,365 | 1.99% | - 440,301
26/11/2021 50,594,565 | 1.98% | - 307,800
1/12/2021 47,520,765 | 1.86% | -3,073,800
2/12/2021 40,913,156 | 1.60% | -6,607,609
6/12/2021 34,304,410 | 1.34% | -6,608,746
7/12/2021 30,024,440 | 1.17% | -4,279,970

Posted by wangtrader > 2021-12-08 18:19 | Report Abuse

Epf lend share to short seller should be a big big issue, will find channel to reach out MOF

Posted by wangtrader > 2021-12-08 18:27 | Report Abuse

SC shd be tagged along to probe into this matter if any epf personnel involved with side bet aka family proxy account for insider trading on the short selling activities

skcm2017

569 posts

Posted by skcm2017 > 2021-12-09 14:44 | Report Abuse

COVID-19 cases spike even as US hits 200M vaccine milestone, delta drives surge in US cases before omicron gains foothold; 75% of US infections by new variant among vaccinated

Starting to lose the virus delta/omicron and mutation.Pray for the country not to go into the 4th Wave https://www.nytimes.com/live/2021/12/08/world/omicron-variant-covid

kuan1209

85 posts

Posted by kuan1209 > 2021-12-09 15:13 | Report Abuse

DONT SELL CHEAP TICKETS FOR SHORTERS TO BUY BACK!

Date ---- Net Short Position ---- % ---- +/-
24/11/2021 51,342,666 | 2.01% | + 127,100
25/11/2021 50,902,365 | 1.99% | - 440,301
26/11/2021 50,594,565 | 1.98% | - 307,800
1/12/2021 47,520,765 | 1.86% | -3,073,800
2/12/2021 40,913,156 | 1.60% | -6,607,609
6/12/2021 34,304,410 | 1.34% | -6,608,746
7/12/2021 30,024,440 | 1.17% | -4,279,970
8/12/2021 27,962,940 | 1.09% | -2,061,500

Posted by qetuoadgjl96 > 2021-12-09 18:31 | Report Abuse

Date ---- Net Short Position ---- % ---- +/-
24/11/2021 51,342,666 | 2.01% | + 127,100
25/11/2021 50,902,365 | 1.99% | - 440,301
26/11/2021 50,594,565 | 1.98% | - 307,800
1/12/2021 47,520,765 | 1.86% | -3,073,800
2/12/2021 40,913,156 | 1.60% | -6,607,609
6/12/2021 34,304,410 | 1.34% | -6,608,746
7/12/2021 30,024,440 | 1.17% | -4,279,970
8/12/2021 27,962,940 | 1.09% | -2,061,500

Looks like those short sellers are closing their position quite aggressively the past few days. Keep this list updated thank you. I will consider buying in soon. As Kossan is already way below pre-pandemic price.

Posted by whocare1982 > 2021-12-09 20:18 | Report Abuse

https://youtu.be/ioIbhOTTPdI
KOSSAN 和 SUPERMAX SWING TRADE ,TG更新-4!

casanwk

1,496 posts

Posted by casanwk > 2021-12-09 22:26 | Report Abuse

Price in consolidation, this is place Rss is covering their short. Aggressive daytrader should take advantage of it and buy together with them.
Lookout for topglove qr report releasing tomorrow.

jianwei90

66 posts

Posted by jianwei90 > 2021-12-10 11:26 | Report Abuse

realised speechless this counter, dont know why just keep getting lower and lower

Posted by wangtrader > 2021-12-10 11:53 | Report Abuse

which meant useless

Posted by wangtrader > 2021-12-10 11:54 | Report Abuse

topglove announced QR result in 1 hour time, bad bad bad as per forecast

Posted by wangtrader > 2021-12-10 11:55 | Report Abuse

glove sector = no hope

casanwk

1,496 posts

Posted by casanwk > 2021-12-10 11:57 | Report Abuse

Wait at 185

Posted by wangtrader > 2021-12-10 12:03 | Report Abuse

i wonder lesser gloves consumption has to do with the seriousness of omicron effect ,milder effect will use lesser gloves even covid19 cases increasing ?

Posted by wangtrader > 2021-12-10 12:31 | Report Abuse

@casanwk dont need to wait, hopeless unless you can hold it for 3 years

casanwk

1,496 posts

Posted by casanwk > 2021-12-10 13:08 | Report Abuse

Rss is still covering their short
Rsi indicator and stochastic to track them.

jianwei90

66 posts

Posted by jianwei90 > 2021-12-10 15:06 | Report Abuse

when you say rss is covering short, means not much room to drop?

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

anyone still willing to buy at 1.91 ? lmfao

Posted by qetuoadgjl96 > 2021-12-10 15:13 | Report Abuse

They haven't finished covering as of 8/12/21. If they cover their short position they will have to buy, but does not necessarily mean it won't drop. As compared to other big 3, Kossan has little room to drop. Just my opinion.

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

they are shorting till no bottom..thats all

casanwk

1,496 posts

Posted by casanwk > 2021-12-10 15:32 | Report Abuse

As long as there is a value (share price), it continue to drop or up...as long as good and bad news & fundamental hit market

Posted by NatsukoMishima > 2021-12-10 15:43 | Report Abuse

Cut loss is the first basic u must learn in stocks game otherwise 10million also not enough for your capital loss !

Posted by wangtrader > 2021-12-10 15:49 | Report Abuse

this is the result of epf lending out share for short seller .

Posted by wangtrader > 2021-12-10 15:50 | Report Abuse

and to attack on own local stocks

Posted by NatsukoMishima > 2021-12-10 16:12 | Report Abuse

Few qr coming can see net loss already ! Only 2 years China glove already impact malaysia glove kaw kaw !

Posted by NatsukoMishima > 2021-12-10 16:12 | Report Abuse

Few qr coming can see net loss already ! Only 2 years China glove already impact malaysia glove kaw kaw !

Posted by wangtrader > 2021-12-10 16:18 | Report Abuse

if without RSS it wont dump so much and trigger foreign fund to dump as well

Posted by wangtrader > 2021-12-10 16:22 | Report Abuse

EPF lends share to RSS is to be banned !

Posted by NatsukoMishima > 2021-12-10 16:24 | Report Abuse

Hire foreigner cost become higher n higher after pandemic , plus they are whitleblower to Andy hall , this time glove sector really finish become net loss next year !

Posted by wangtrader > 2021-12-10 16:25 | Report Abuse

if no RSS the stock wont dropped. they borrow share to short this counter .otherwise it wont be this drastic

derekooi

24 posts

Posted by derekooi > 2021-12-10 17:12 | Report Abuse

Bursa can short stocks??? May i know how to do that?

Posted by wangtrader > 2021-12-10 17:49 | Report Abuse

For institutional player or licensed trader. Not for retail investors

Stock Kingdom

1,005 posts

Posted by Stock Kingdom > 2021-12-10 17:54 | Report Abuse

All gloves die, will face another sell down bcos uncertainties ahead now

hooi

1,773 posts

Posted by hooi > 2021-12-10 18:49 | Report Abuse

i heard kossan many machine stop and not running.. nobody buy gloves from them

Posted by weisheng1998 > 2021-12-10 19:56 | Report Abuse

habis gg pecah bankrupt

oskchoon

3,186 posts

Posted by oskchoon > 2021-12-10 21:20 |

Post removed.Why?

Boston

107 posts

Posted by Boston > 2021-12-10 22:21 | Report Abuse

That's why i always think efficient market must have RSS to counter balance or finding the right value of an underlying stock. If without RSS, lots of people will buy and hold TG at a much higher price. EPF loaning shares to RSS also acceptable. For eg, you have a house and not intending to sell it, so you rent it out for a fees. Thus, should stop blaming JPM, RSS, EPF etc. TG telegram forum always shout RSS GG or challenge RSS to keep shorting...now who GG??

jolynce

547 posts

Posted by jolynce > 2021-12-10 22:31 | Report Abuse

Incredible. How low can Kossan go?

kuan1209

85 posts

Posted by kuan1209 > 2021-12-10 23:06 | Report Abuse

Not sure how low it can go, but I'm sure the QR of Kossan and Harta will outperform the rest because of gaining the market shares of Top Glove and Supermax in the US. Especially Kossan, very soon next month QR will be released, the directors have been acquiring the shares this month, seems like the sales of OCT, NOV, DEC must be excellent, and Net Short Position has been drastically decreased to around 1%, let's stay tuned for the next month =)

CharlesT

14,959 posts

Posted by CharlesT > 2021-12-11 07:32 | Report Abuse

There r 3 very important factors which affected their profit (n share price) very much

1.ASP
2.ASP
3.ASP

Posted by NatsukoMishima > 2021-12-11 10:29 | Report Abuse

Next year can see around rm 1 only consider this stock !

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