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SGPhantom Master	03-Dec-2020 17:26        SGPhantom About Contact  Quote this Post!
x 0   x 0  Alert Admin	He has started buying waaaay back, regradless whether it was going up or down. So don' t read too much into it. Peter88      ( Date: 03-Dec-2020 17:15) Posted: Why the selldown to 1.23 despite news of the buying by CEO ?
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SGPhantom Master	03-Dec-2020 17:23        SGPhantom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Couldn' t agree more, and couldn' t describe it any better. wavehunter      ( Date: 03-Dec-2020 16:56) Posted: The only reason why people still believe in this stock is becoz of the strong demand for gloves etc...something which has been repeated and repeated many times over and which the market already know. But yet the price is heading lower day after day. Why ? If news of strong demand works, shouldnt the stock price be back at the peak and looking to make new higher highs? Strong demand for gloves probably fully priced in already. Market is always forward looking. It is not as if weak demand was projected all along and then only now news of strong demand hits the market for the very first time. When COVID19 news first hit the market, we had a selldown. After that, bad news about more infections and deaths and lockdowns came out day after day. Did the market react negatively to that and fell lower and lower and lower until basement 1 then basement 2 and lower? No, she didnt. After that nasty selldown in March, the market became completely numb to rising number of infections and deaths. If you compare the number of global infections and deaths during the MAR LOWs and the number of total infections and deaths today, Dow should have fallen to 5000 pts already. But instead, Dow is at near 30,000 pts. MAR LOW was around 18300. This shows that bad news... the same type of bad news... you cannot keep using it to expect a market to drop. There will come a time when the market will be numb to it and dont want to drop anymore. Likewise, you cannot keep using the same type of good news, ie. strong demand for gloves etc to keep expecting a stock to rise and rise and blast off to the Moon first. And then to the outer planets of the Solar System. It doesnt work that way. After the initial good news is priced in, a repeat of that same type of good news, ie. strong demand for gloves... will have diminishing return and then no return.  So will this stock bounce? Yes. When it has fallen enough, there will be a technical rebound.  The fuel for this rebound will come from shortcovering and bargain hunting. If a monkey is in the driver' s seat, this rebound will go further. But will eventually fizzle out when the monkey leaves the party. Only if we get a big and strong monkey who wants to start a 2nd round of speculative fever will we see a much stronger bounce and if the monkey is willing, even back to the peak. Its not about FA or TA or strong demand for gloves. Its about whether the monkey thinks he can stir and maintain another round of push and dump to make money out of people like us. In other words, its all about I Chia Mai niah. And this will depend on the monkey' s assessment whether there are enough of us to participate and chase the price if he chooses to do this. He needs that. He needs us to chase the price so that he can sell to us as the price rises. If we dont chase...if we just watch from the sideline, his plan will fail.
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Peter88 Senior	03-Dec-2020 17:15        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why the selldown to 1.23 despite news of the buying by CEO ?
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WhereI Master	03-Dec-2020 16:58        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am not buying. Investor 999.
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investor999 Elite	03-Dec-2020 16:57        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the best time to buy and the best time to cover shorts. I don't like to buy on the way up investor999      ( Date: 03-Dec-2020 16:55) Posted: Buyers are back. I think they are short covering now
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wavehunter Supreme	03-Dec-2020 16:56        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	The only reason why people still believe in this stock is becoz of the strong demand for gloves etc...something which has been repeated and repeated many times over and which the market already know. But yet the price is heading lower day after day. Why ? If news of strong demand works, shouldnt the stock price be back at the peak and looking to make new higher highs? Strong demand for gloves probably fully priced in already. Market is always forward looking. It is not as if weak demand was projected all along and then only now news of strong demand hits the market for the very first time. When COVID19 news first hit the market, we had a selldown. After that, bad news about more infections and deaths and lockdowns came out day after day. Did the market react negatively to that and fell lower and lower and lower until basement 1 then basement 2 and lower? No, she didnt. After that nasty selldown in March, the market became completely numb to rising number of infections and deaths. If you compare the number of global infections and deaths during the MAR LOWs and the number of total infections and deaths today, Dow should have fallen to 5000 pts already. But instead, Dow is at near 30,000 pts. MAR LOW was around 18300. This shows that bad news... the same type of bad news... you cannot keep using it to expect a market to drop. There will come a time when the market will be numb to it and dont want to drop anymore. Likewise, you cannot keep using the same type of good news, ie. strong demand for gloves etc to keep expecting a stock to rise and rise and blast off to the Moon first. And then to the outer planets of the Solar System. It doesnt work that way. After the initial good news is priced in, a repeat of that same type of good news, ie. strong demand for gloves... will have diminishing return and then no return.  So will this stock bounce? Yes. When it has fallen enough, there will be a technical rebound.  The fuel for this rebound will come from shortcovering and bargain hunting. If a monkey is in the driver' s seat, this rebound will go further. But will eventually fizzle out when the monkey leaves the party. Only if we get a big and strong monkey who wants to start a 2nd round of speculative fever will we see a much stronger bounce and if the monkey is willing, even back to the peak. Its not about FA or TA or strong demand for gloves. Its about whether the monkey thinks he can stir and maintain another round of push and dump to make money out of people like us. In other words, its all about I Chia Mai niah. And this will depend on the monkey' s assessment whether there are enough of us to participate and chase the price if he chooses to do this. He needs that. He needs us to chase the price so that he can sell to us as the price rises. If we dont chase...if we just watch from the sideline, his plan will fail.
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investor999 Elite	03-Dec-2020 16:55        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buyers are back. I think they are short covering now
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SGPhantom Master	03-Dec-2020 16:55        SGPhantom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good luck bro! While we have different strategies, our goal is the same. investor999      ( Date: 03-Dec-2020 16:51) Posted: Each his own strategy. I tend to average down and down and even more and more SGPhantom      ( Date: 03-Dec-2020 16:40) Posted: I think your advice echoes mine, but i999 has a different strategy, and that may work for him. To each, his own. I say whichever ways that work for you, stick with it.
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investor999 Elite	03-Dec-2020 16:51        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Each his own strategy. I tend to average down and down and even more and more SGPhantom      ( Date: 03-Dec-2020 16:40) Posted: I think your advice echoes mine, but i999 has a different strategy, and that may work for him. To each, his own. I say whichever ways that work for you, stick with it.   wavehunter      ( Date: 03-Dec-2020 16:32) Posted: If you still have faith in this stock and still want to add, dont add now. Wait for it to bottom out first. She is still falling. So there is really no point in adding now when she is still falling. What you buy today is worth less tomorrow. Plus you may run out of bullets before the stock runs out of bottoms. Wait for U-Turn. Then add on the way up. When you add on the way up, what you buy today is worth more tomorrow. Its a happier way to buy. This is not an inducement to BUY though. Just saying if you still want to add, dont do it when she is still falling. Who knows.... 1.20 tomorrow? Below 1.20 next week? This stock ran up alot only becoz of speculative fever in the 1st place. When the Saturday Nite Fever party ends, there is alot of mess to clean up as is always the case when any party ends.
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SGPhantom Master	03-Dec-2020 16:40        SGPhantom About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think your advice echoes mine, but i999 has a different strategy, and that may work for him. To each, his own. I say whichever ways that work for you, stick with it.   wavehunter      ( Date: 03-Dec-2020 16:32) Posted: If you still have faith in this stock and still want to add, dont add now. Wait for it to bottom out first. She is still falling. So there is really no point in adding now when she is still falling. What you buy today is worth less tomorrow. Plus you may run out of bullets before the stock runs out of bottoms. Wait for U-Turn. Then add on the way up. When you add on the way up, what you buy today is worth more tomorrow. Its a happier way to buy. This is not an inducement to BUY though. Just saying if you still want to add, dont do it when she is still falling. Who knows.... 1.20 tomorrow? Below 1.20 next week? This stock ran up alot only becoz of speculative fever in the 1st place. When the Saturday Nite Fever party ends, there is alot of mess to clean up as is always the case when any party ends.  investor999      ( Date: 03-Dec-2020 16:21) Posted: Brought more at 1.24 toda
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investor999 Elite	03-Dec-2020 16:38        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you look at the chart, the rise to $4.90 was very sharp..then it fell quickly to rise again to the second lower peak. Now it is just the opposite. The fall is very sharp as today or even tomorrow. Then the rebound would be very sharp too. Tomorrow is Friday, I dont think the shortist will keep its short position over the weekend as it practically brings its average price much lower. I expect today is the sharpest fall and tomorrow rebound.
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wavehunter Supreme	03-Dec-2020 16:32        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	If you still have faith in this stock and still want to add, dont add now. Wait for it to bottom out first. She is still falling. So there is really no point in adding now when she is still falling. What you buy today is worth less tomorrow. Plus you may run out of bullets before the stock runs out of bottoms. Wait for U-Turn. Then add on the way up. When you add on the way up, what you buy today is worth more tomorrow. Its a happier way to buy. This is not an inducement to BUY though. Just saying if you still want to add, dont do it when she is still falling. Who knows.... 1.20 tomorrow? Below 1.20 next week? This stock ran up alot only becoz of speculative fever in the 1st place. When the Saturday Nite Fever party ends, there is alot of mess to clean up as is always the case when any party ends.  investor999      ( Date: 03-Dec-2020 16:21) Posted: Brought more at 1.24 today Hector      ( Date: 03-Dec-2020 15:44) Posted: drop until no one dares to buy now...haa..
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investor999 Elite	03-Dec-2020 16:28        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No news Playing by chart only. As I said yesterday today shortist (s) will force down the shares to the trigger points. Now shortists ask you - do you want to sell? Charts pointing down to $1 Don't sell short some more. As a contrarian I go opposite. I nimble and buy low and lower SGPhantom      ( Date: 03-Dec-2020 16:23) Posted: Unfortunately, as of late, any " positive news" on the glove sector does not necessarily apply to RS. We need " positive news" that is DIRECTLY related to RS. look@bright      ( Date: 03-Dec-2020 16:18) Posted: MIDF Amanah Investment Bank Bhd analysts wrote in a note today that the rubber glove &ldquo shortage is  likely to persist into 2021 as  supply is unlikely to keep up with demand yet&rdquo as the world contends with the Covid-19 pandemic. The analysts said 2020 had been an exceptional year for glove companies due to a surprise surge in demand for rubber gloves following the Covid-19 outbreak. According to them, the glove industry as a whole is expected to increase production, but that may be constrained by  raw material, production line contractor  and foreign labour shortages. " As such, we expect demand to outstrip supply by 30 billion pieces in 2020, 45.8 billion pieces in 2021  and 33.4 billion pieces in 2022.  " In 2021, demand will continue to be supported by mass testing and administration of Covid-19 vaccines  when they are available,&rdquo the analysts said. On Bursa today, glove manufacturers' share price gains partly contributed to the broader market&rsquo s rise, which also benefited from an equity price rise in the banking sector. https://www.theedgemarkets.com/article/top-glove-hartalega-offer-fillip-bursa-after-sp-500-ends-record-high
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investor999 Elite	03-Dec-2020 16:24        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is a critical moment. Buy or sell Fear not
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SGPhantom Master	03-Dec-2020 16:23        SGPhantom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unfortunately, as of late, any " positive news" on the glove sector does not necessarily apply to RS. We need " positive news" that is DIRECTLY related to RS. look@bright      ( Date: 03-Dec-2020 16:18) Posted: MIDF Amanah Investment Bank Bhd analysts wrote in a note today that the rubber glove &ldquo shortage is  likely to persist into 2021 as  supply is unlikely to keep up with demand yet&rdquo as the world contends with the Covid-19 pandemic. The analysts said 2020 had been an exceptional year for glove companies due to a surprise surge in demand for rubber gloves following the Covid-19 outbreak. According to them, the glove industry as a whole is expected to increase production, but that may be constrained by  raw material, production line contractor  and foreign labour shortages. " As such, we expect demand to outstrip supply by 30 billion pieces in 2020, 45.8 billion pieces in 2021  and 33.4 billion pieces in 2022.  " In 2021, demand will continue to be supported by mass testing and administration of Covid-19 vaccines  when they are available,&rdquo the analysts said. On Bursa today, glove manufacturers' share price gains partly contributed to the broader market&rsquo s rise, which also benefited from an equity price rise in the banking sector. https://www.theedgemarkets.com/article/top-glove-hartalega-offer-fillip-bursa-after-sp-500-ends-record-high
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investor999 Elite	03-Dec-2020 16:21        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Brought more at 1.24 today Hector      ( Date: 03-Dec-2020 15:44) Posted: drop until no one dares to buy now...haa..
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humblestudent666 Senior	03-Dec-2020 16:21        humblestudent666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If sold at day low on day of vaccine news at start of Dec at 1.6+ and buy into airline stocks then, can breakeven or even make profit. Time to throw in the towel and admit defeat already. Fundamentals and valuations cannot beat momentum. This was a sub 50 cent company before covid It will fall back to somewhere there
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look@bright Elite	03-Dec-2020 16:18        look@bright About Contact  Quote this Post!
x 0   x 0  Alert Admin	MIDF Amanah Investment Bank Bhd analysts wrote in a note today that the rubber glove &ldquo shortage is  likely to persist into 2021 as  supply is unlikely to keep up with demand yet&rdquo as the world contends with the Covid-19 pandemic. The analysts said 2020 had been an exceptional year for glove companies due to a surprise surge in demand for rubber gloves following the Covid-19 outbreak. According to them, the glove industry as a whole is expected to increase production, but that may be constrained by  raw material, production line contractor  and foreign labour shortages. " As such, we expect demand to outstrip supply by 30 billion pieces in 2020, 45.8 billion pieces in 2021  and 33.4 billion pieces in 2022.  " In 2021, demand will continue to be supported by mass testing and administration of Covid-19 vaccines  when they are available,&rdquo the analysts said. On Bursa today, glove manufacturers' share price gains partly contributed to the broader market&rsquo s rise, which also benefited from an equity price rise in the banking sector. https://www.theedgemarkets.com/article/top-glove-hartalega-offer-fillip-bursa-after-sp-500-ends-record-high
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danger Supreme	03-Dec-2020 16:03        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Ruuuunnn.. the big boys and insiders thank all the suckers who bought high high from them above $2 to $4
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Hector Veteran	03-Dec-2020 15:44        Hector About Contact  Quote this Post!
x 0   x 0  Alert Admin	drop until no one dares to buy now...haa..
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