Kingbeast, I am ok. Already sold out for a very handsome profit.
So many forumers/traders have already exited this counter. I do not want to be the odd one out. Anyway, the entire Bursa market is so bearish these days.
Its last quarter's result will be out by end of this month. Will look at how it performs and decide.
Wow, since when Kingbeast has become my unofficial spokesman? Lol.
It is a known fact that many small and mid-cap counters at Bursa are operating like goreng stocks. I reckon that only my blue chip bank counters are worth investing for a longer term.
This time round, strangely enough major shareholder Ong Choo Meng and Rubberex's SBB team have not done a single sale yet. I believe this could be due to the operator's smart strategy of churning trading vols at fairly low levels.
Contrary to what his big name suggests, Kingbeast seems to have a small biased brain!
He condemned Rubberex as a rubbish stock without fundamentals. But he could have failed to realise that his once-favorite counter, Top Glove, had done so badly that it dropped below RM1 in recent days. https://www.theedgemarkets.com/article/top-glove-slips-below-rm1
Frankly, in terms of corporate results, Rubberex has still managed to turn in positive results in the last 2 quarters, much better than Comfort and Careplus. Also in terms of share price, Rubberex is still trading way above its pre-pandemic levels, unlike Top Glove and Hartalega. https://www.thestar.com.my/business/business-news/2022/06/17/selling-p...
Notwithstanding the current downbeat market, I am sticking out my neck long enough to see if Kingbeast's bold, but arbitrary, RM 0.30 share price prediction for Rubberex will ever come true. Lol!
As always, not a buy or sell recommendation. Do your own homework! ======================================================================== Kingbeast Yaya, just because Eddie didn’t sell then u continue to hold it until everyone sells. Look at the share price now, gonna be a RM0.30 share price
Hahahahaha. Means before that, is a goreng stock. Nothing fundamental. 30/05/2022 12:17 PM
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