Posted by Jonathan Keung > 2021-09-16 09:54 | Report Abuse

Oversold glove counters based on the windall tax assumption and negative reviews on Supermax ,Kossan,Harta and TG. This are the big 4 glove counters whereas Rubberex, Careplus are the smaller set ups

Posted by Kingbeast > 2021-09-16 14:47 | Report Abuse

NTA > Share price means it will not drop anymore?

Posted by TheContrarian > 2021-09-16 16:00 | Report Abuse

Gloves counters have been on a prolonged downtrend due to massive short-selling. Eventually the short sellers need to buy back to cover their open short positions. There's rumours that the government might suspend short selling and if this do happen then there will be massive panic buying by the short sellers.

Posted by Kingbeast > 2021-09-16 17:45 | Report Abuse

One question : is there any expiry when they need to buy back?

They have been shorting for a year now ever since RSS is available in January 2021.

Posted by TheContrarian > 2021-09-16 19:41 | Report Abuse

There's no expiry time to buy back but there's borrowing fees to pay for the securities borrowed for short selling purpose. I think the overall limit to short selling is 10% of the total number of shares in issue but it also depends on shareholders who are willing to lend their shares to the short sellers. If no one lends, there cannot be any short selling.

Posted by TheContrarian > 2021-09-16 19:54 | Report Abuse

The 10% overall limit is for Regulated Short Selling (RSS) and Intra Day Short Selling (IDSS). RSS limit is 4% I think. For IDSS the short sell position needs to be closed off on the same day.

Posted by Kingbeast > 2021-09-16 20:23 | Report Abuse

Why among all the gloves counter, u choose Ruberex? What about comfort?

Posted by TheContrarian > 2021-09-16 20:39 | Report Abuse

I prefer small capital counters. When small capital counters rally on volume, the price moves up greatly in terms of percentage gain. I haven't researched on Comfort, so can't comment.

Posted by John1234 > 2021-09-16 21:55 | Report Abuse

Let's critically examine it...

Market can be broadly categorised into 2 groups:
1. Investors(including value investors or bargain hunters)
2. Punters/traders(short term players)

Technically, NTA per share can be viewed as the intrinsic value of a share. Under normal circumstances, investors would not feel any justification to sell their shares at below its NTA per share value.

But punters/traders are a different breed. They are basically trading on TA leads, less concerned with its FA(its intrinsic value). So, they can be selling at any price, so long as the TA turns against them.

Nevertheless, it is a known fact that Rubberex has been on a downtrend for a long while now. So, I would say that punters/traders are almost non-existent these days. So, who else could be selling at below its NTA per share value? Most likely, it is the work of IDSS!

Market can be more sophisticated than we can imagine possible.
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Kingbeast NTA > Share price means it will not drop anymore?
16/09/2021 2:47 PM

Posted by John1234 > 2021-09-17 08:41 | Report Abuse

Today, the spotlight will be on Top Glove. I just watch as a "free" rider how this interesting IDSS show plays out...

No need to pay a single sen to go to a cinema and yet I can watch a "free" show. Why not?

Posted by John1234 > 2021-09-17 10:44 | Report Abuse

Investors will be looking for more than another record-high profit from Top Glove
https://www.theedgemarkets.com/article/investors-will-be-looking-more-another-recordhigh-profit-top-glove

Really? No wonder operators keep whacking down glove counters in past days, to prepare possibly a stage for today's rally. Lol

A lot of naysayers get dumb-founded today. Will this be another one-day show? Only market operators will decide how the game is played.

Posted by John1234 > 2021-09-17 11:09 | Report Abuse

IDSS operators can play long or short at any one time.

Hopefully, we do not get the wrong group of players(eg punters/traders) into the market today. Otherwise, we could face more volatility in the glove stock prices, by punters/traders' "inconsiderate" price actions(eg cut loss), should the operators do another shake-out again.

Posted by Nancy Boon > 2021-09-17 11:24 | Report Abuse

no hope sigh holding since 1 dollars plus but downward.....

Posted by John1234 > 2021-09-17 11:25 | Report Abuse

There are just so many tales to share in stock market operations that I can easily compile a book on this, lol.

Even so, I remain relatively very humble. It is a life-long learning process.

Posted by John1234 > 2021-09-17 11:33 | Report Abuse

I cannot speak for you. You must make your own investment decisions.

I strongly believe in diversifying my portfolio. So, my purpose of holding Rubberex is more as a hedging instrument for my overall portfolio. I do not bet big on Rubberex to make big money.
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Nancy Boon no hope sigh holding since 1 dollars plus but downward.....
17/09/2021 11:24 AM

Posted by John1234 > 2021-09-17 12:11 | Report Abuse

Asian equity markets as a whole are doing rather badly this month. US markets are hovering near record high and are prone to a likely pull-back of 5 to 10%(by some analysts).

That is why I have decided to trim my exposure in my blue chips to conserve cash.

Posted by John1234 > 2021-09-17 14:26 | Report Abuse

Top Glove's last quarter's result is out...
https://www.theedgemarkets.com/article/top-glove-posts-rm608m-net-profit-4qfy21

Those who had chased high, based on the earlier article, in the morning got played out by the IDSS operators...

Posted by John1234 > 2021-09-17 14:53 | Report Abuse

Today's IDSS show appears to be nothing extraordinary. IDSS operators sold stocks higher in the morning, just to buy/collect back shares lower by end of trading day.

I can almost pre-write the ending script for today. I will switch off my PC now.

Posted by Sneakpeek > 2021-09-17 17:58 | Report Abuse

Wow this counter the only one standing today...interesting.

Posted by Kingbeast > 2021-09-17 19:53 | Report Abuse

Drop too much until cannot drop already. I think is a good price to enter now.

Posted by Plantermen > 2021-09-17 21:07 | Report Abuse

DJ {US} volatility is the game. fluctuating between the bulls & bears

Posted by Stockhunter88 > 2021-09-17 22:36 | Report Abuse

Wow, sampahrex draw draw today, not bad ha

Posted by VTrade > 2021-09-18 00:20 | Report Abuse

Can do idss already?

Posted by VTrade > 2021-09-18 00:41 | Report Abuse

Not dec only open?

Posted by John1234 > 2021-09-18 09:54 | Report Abuse

Remember I did highlight in my earlier posting(reproduced below) about how Rubberex operator has been doing his day-to-day trades?

The modus operandi can be similar to IDSS. So, it does not matter to me whether IDSS is currently available or not.

To avoid any confusion, I will remove the word "IDSS" when I mention Rubberex operator in future.

My earlier posting:

Stock: [RUBEREX]: RUBBEREX CORP (M) BHD

Aug 26, 2021 5:24 PM

Yes, you brought up a good point, which I had highlighted before. From my analysis, I could deduce that the operator was buying(or covering) back at closing the Rubberex shares that he had sold earlier to press down prices. But he was not able to collect enough shares from our poor investors before matching time to cover the amount sold!

What a strategy that the operator has been using to "con" people into selling their shares everyday and a lot of naive-thinking investors thought there was really so much selling everyday!!! Market is not as simple as we see it.
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Plantermen Prices tend to move marginally higher at the close or supported prior to matching time. Otherwise prices tend to drift lower without any supportive action.

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VTrade Can do idss already?
18/09/2021 12:20 AM

VTrade Not dec only open?
18/09/2021 12:41 AM

Posted by Bgt 9963 > 2021-09-18 10:43 | Report Abuse

Keep in the freezer....!

Posted by John1234 > 2021-09-18 12:24 | Report Abuse

With Fed's tapering talk on the agenda, coupled with the ever-evolving Delta variant, some analysts in the US are already predicting that US markets could well experience a correction of between 5 to 10%. In fact, S&P 500 falls on Friday and it has notched second straight week of losses in September.

World shares fall as markets await Fed meeting, taper timeline
https://www.theedgemarkets.com/article/world-shares-fall-markets-await-fed-meeting-taper-timeline

Market is always for the better prepared!!!
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Plantermen DJ {US} volatility is the game. fluctuating between the bulls & bears
17/09/2021 9:07 PM

Posted by HamsterHuat > 2021-09-19 09:40 | Report Abuse

you guys understand that eversince IDSS is available....almost all Gloves lausai until no more shit....
no matter how good is the QR and hefty dividend declare.....the share price will still drop drop drop...
it mean whatever dividend given is syiok sendiri lo to those blind investor....is just eyewashing where in fact..

Posted by Plantermen > 2021-09-20 07:28 | Report Abuse

Good possibility {OPERATOR} using straight forward strategy of selling first and later covering back or squaring his position. Gloves under alot of negatively after TG and Super quarter announcement. Others operators { IB's and day traders } pushing down rubber glove counters. Rubbrex { operator} just tagged along before making their moves. Just my own observation

Posted by John1234 > 2021-09-20 09:58 | Report Abuse

Bursa market is pretty weak these days. Top Glove is dragging the whole glove sector down again.

Rubberex operator just follows the big4 lead to bring Rubberex's price down as well. When market sentiments are weak, the fear of a falling knife gives the operator the gut and gusto to push it lower.

While some of you are still busy looking at the glove counters, my focus of attention is now shifted to my other counters in my portfolio - to see how I should reposition/rebalance my portfolio.

Only 2 groups of forumers need to closely monitor Rubberex share price during the current depressed moments:
1. Buyers who are still thinking about topping up on the counter;
2. (Frustrated) sellers who are "giving up" and thinking of cutting loss.

Posted by Jonathan Keung > 2021-09-20 11:23 | Report Abuse

Average down not feasible at this point of time. We won't know how low is the new low.look at TG & Supermax. Expect more pressure on glove counters.

Posted by Sneakpeek > 2021-09-20 11:29 | Report Abuse

even big 4 TP's now moving towards pre pandemic price...eventually 2nd tier glove counter will follow suit..

Posted by John1234 > 2021-09-20 11:53 | Report Abuse

This morning, even recovery themes like steel, tech, etc, were sold down too.

Sad to say that, a lot of Bursa mid and small caps are "pushed up" by operators only for short-term play. Only blue chips(eg banks) are worth a longer-term hold.

Posted by John1234 > 2021-09-20 12:29 | Report Abuse

Market tends to overshoot on the downside on bearish market sentiments. My cash pile will prove useful to pick up any good bargains.
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John1234 Asian equity markets as a whole are doing rather badly this month. US markets are hovering near record high and are prone to a likely pull-back of 5 to 10%(by some analysts).

That is why I have decided to trim my exposure in my blue chips to conserve cash.
17/09/2021 12:11 PM

John1234 Cash is king. I have conserved some emergency fund and I can now afford to pick and choose which counters to buy: healthcare theme like gloves or recovery themes like steel, palm oil, technology, travel-related, etc.

Patience is the key word in any stock market game!!!
15/09/2021 10:24 AM

Posted by John1234 > 2021-09-20 12:37 | Report Abuse

Wow!!!

Rubberex has fallen back to 60 sen, major shareholder Ong Choo Meng's MGO price of RM 1.80(before xb of 2 for 1) last year...

Where is our major shareholder Ong Choo Meng now? I am still waiting for his price cue.
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John1234 Market tends to overshoot on the downside on bearish market sentiments.
20/09/2021 12:29 PM

Posted by JK22 > 2021-09-20 12:42 | Report Abuse

Don't know how long to keep before break even, Or will there be any breakeven chances. Lucky only have tiny little amount here. Hoping for special DIV , ended up with nothing . Made few hundred millions, but not sharing out.

Posted by Jonathan Keung > 2021-09-20 12:57 | Report Abuse

1.80 was the price before the share split. Prior to the announcement price was trading substantially lower at between 1.20 - 1.40 . His holding cost may be between 40 -50

Posted by skcm2017 > 2021-09-20 13:24 | Report Abuse

Catch the fish today..

Posted by carimakan > 2021-09-20 13:40 | Report Abuse

menangis di bucu katil ini maciam..

Posted by John1234 > 2021-09-20 14:09 | Report Abuse

Yes, I was the one who had said that major shareholder Ong Choo Meng was not in a hurry to buy up his own Rubberex shares, given his lower holding cost.

I even asked the forumers here to act discreetly...

My previous postings:

Sep 3, 2021 10:11 AM

In a quiet market like now, market operator calls shots. I have said this more than once, "we should wait for major shareholder Ong Choo Meng to come in to support his own shares price first, rather than we keep on supporting the share price for him."

That would give us a rough indication of how he perceives his own share price.

Aug 12, 2021 8:43 AM

John1234 Major shareholder Ong Choo Meng offered to acquire remaining Rubberex shares not owned at RM 1.80 per share last year. This would also mean that he had accumulated Rubberex shares at or below that MGO-triggered offer price and he is still sitting on paper gain. No wonder he is not in a hurry to buy up Rubberex shares now.
https://www.thestar.com.my/business/business-news/2020/07/13/hextar-ong-explain-rationale-of-rm180-offer-price-for-rubberex

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Jonathan Keung 1.80 was the price before the share split. Prior to the announcement price was trading substantially lower at between 1.20 - 1.40 . His holding cost may be between 40 -50
20/09/2021 12:57 PM

Posted by John1234 > 2021-09-20 14:24 | Report Abuse

Strangely enough, Comfort drops 9 sen or 6% this morning. This is even before its quarterly report due to be out later this month.

Market operator really calls shots in the absence of strong buyers and positive catalysts. I will keenly wait for the market operator to do the "dirty" job of pushing down the prices indiscreetly. Only then, we can see a more meaningful rebound, lol.

Posted by Citadel666 > 2021-09-20 14:25 |

Post removed.Why?

Posted by John1234 > 2021-09-20 14:49 | Report Abuse

While waiting for glove counters to bottom out, I direct my attention to steel counters currently. I made a ROI of close to 8% on a steel counter the last time(just this year). Now, the opportunity strikes at my door again, still monitoring though, lol.

(NB: Do not ask me which counter. Trade secret!)

Posted by John1234 > 2021-09-20 15:42 | Report Abuse

Be careful, guys!!! Dow futures is already down 400 points...no wonder we see sharp drops in many Bursa counters today..

So, glove counters are not specifically targetted at by operators today.

Posted by carimakan > 2021-09-20 15:58 | Report Abuse

air mata darah..

Posted by gemfinder > 2021-09-20 17:06 | Report Abuse

change name to rubishrex. hahaaha

Posted by Stockhunter88 > 2021-09-20 17:45 | Report Abuse

Wow, ada bola sbb this sampahrex

Posted by John1234 > 2021-09-20 18:58 | Report Abuse

Someone has been going around almost all glove threads to "ridicule" the glove counters!!!

Why??? "爱之深,责之切"!!! I think he must have had so much intense love for glove counters until he has grown over-possessed with his ridicules!!!

Perhaps, he could change his name to "Glovesfinder", hahaha!!!
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His various postings:

Stock: [SUPERMX]: SUPERMAX CORP BHD

Sep 20, 2021 5:08 PM | Report Abuse

change name to supermin. hahaha


Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD

Sep 20, 2021 5:07 PM | Report Abuse

change name to kossong rubber. hahaaha


Stock: [RUBEREX]: RUBBEREX CORP (M) BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to rubishrex. hahaaha


Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to bottomglove. hahaha


Stock: [HARTA]: HARTALEGA HOLDINGS BHD

Sep 20, 2021 5:05 PM | Report Abuse

change name to hartataklega. hahaha


Stock: [COMFORT]: COMFORT GLOVES BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to uncomfort. hahaha


Stock: [CAREPLS]: CAREPLUS GROUP BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to careminus. hahaha

Posted by John1234 > 2021-09-20 20:35 | Report Abuse

Finally, Rubberex management comes in to support the share price....
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3193755

Posted by Start_0f_the_bull > 2021-09-20 21:16 | Report Abuse

John1234 Someone has been going around almost all glove threads to "ridicule" the glove counters!!!

Why??? "爱之深,责之切"!!! I think he must have had so much intense love for glove counters until he has grown over-possessed with his ridicules!!!

Perhaps, he could change his name to "Glovesfinder", hahaha!!!
------------------------------------------------------------------------
Exactly! This one is like a spoilt kid going around and throw stones at every cars passing by. LOL