Since 04-Jan-2021, Malaysia Big-4 Gloves Counters namely: TOPGLOVE, HARTALEGA, SUPERMAX, KOSSAN, being heavily shorted.
40mil Topglov shares were lended out by EPF under SBL to shorties to short.
RSS sold volumes for today from 9:00 am to 5:00 pm:
1) TopGlove 2,442,000 shares
2) Hartalega 265,400 shares
3) SuperMax 264,600 shares
4) Kossan 0 shares
The price is supporting at around RM6.200/RM6.000
How long will it take for the shorties to exhaust their 4% quota short amount?
And will Topglov share price bounds up when the short position is closed?
Or will it plunged to RM3.500 like what JP Morgan had called on the Price Target?
Or will it be the next GameStop?
Let's wait patiently and watch how would the manipulation be like.
40mil Topglov shares were lended out by EPF under SBL to shorties to short.
RSS sold volumes for today from 9:00 am to 5:00 pm:
1) TopGlove 2,442,000 shares
2) Hartalega 265,400 shares
3) SuperMax 264,600 shares
4) Kossan 0 shares
The price is supporting at around RM6.200/RM6.000
How long will it take for the shorties to exhaust their 4% quota short amount?
And will Topglov share price bounds up when the short position is closed?
Or will it plunged to RM3.500 like what JP Morgan had called on the Price Target?
Or will it be the next GameStop?
Let's wait patiently and watch how would the manipulation be like.
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