"Sale On May, Buy On October" - Jump In or Not?

Today just start the month of Oct and most of the share in FBM KLCI index already been push to some high level, the rule of damp "Sale on May, Buy on October" may not applicable to this year 2010.

With US and Euro market still not out from the wood yet and Gold price keep rally up is show worry on world real financial status. However share market flow is not base on true financial data, the share price up or down is base on manipulation of news. Since the news about financial is good, share price that already rally up mach is the share we need to avoid buying and we may pick up share that good in dividend with solid business model.

Like TopGlove, last month a lot of bad news roll out to push the price drop and when the big money accumulate enough share, they will push up the share in coming good news to made profit again

Malaysia is now the “least favoured market” in Asia Pacific

News come out at Malaysia insider report that Malaysia is now the “least favoured market” in Asia Pacific for investors after nearly doubling its underweight rating from last month, according to a recent Bank of America Merrill Lynch report. The country slipped two spots — from 10th place to dead last — in the investment bank’s latest Fund Managers Survey, even as the Najib administration prepares to unveil ambitious economic reforms meant to boost investor confidence.

















So I think Najib administration fail to boost investor confidence but successful boost FBM KLCI index go up. The biggest reason why FBM KLCI index move up may likely because they need to cover the real economic situation, however if this is the reason so FBM KLCI will be a safe place to invest. Sure Najib administration will use any thing to support the FBM KLCI till next general election, now the budget for 2011 is near and if really next year the general election sure this budget will be very good for FBM KLCI index to go higher that 1,500 level.

For me, now I only invest into FBM KLCI component share only especially CIMB and PetDag. For FBM KLCI to move higher I thing TopGlov will up to new high after the accumulation end.

TopGlov Test Market With Price Below RM6.00

TopGlov test the market with drop the price below RM6.00 and successfully get some vol in low price. Yesterday the share close back to RM6.00 with high vol, however will the big money push up the share is not the time yet. The share may likely to go accumulation before any jump up, for me I think now TopGlov share is good to buy in.

Due to RM vs USD is high and Sarawak election is near so FBM KLCI index will likely to manipulate up in this month. Foreign investor flow in they money into share market to make easy profit and also into property sector. They already not build any business or make factory in Malaysia, they just want to manipulate the share to earn hot money.

Soon I think Malaysia job opportunity will be less and house price will go very high ratio to salary.

TopGlov Price Likely To Move Sideways

Big money will test the market and may likely to accumulate share before pushing the price up. If in next month a sudden high vol with not mach price up will be the sign TopGlov will move up. However if you are long term investor TopGlov is a good quality share to invest.

TopGlov price correction is about to over

TopGlov price correction is about to over and I think the price may move sideways before any test market be done. Wait for the big money to test TopGlov before buy into this share. However if for long term, buying opportunity is here.

TopGlov About To Test The Market

Soon TopGlov will test the market with so mark up, if still got many seller, the price will go down again but if no seller than the price will go up again.

CIMB Sale Call For TopGlov - Try To Cause Panic Selling

This from the edge daily:-

“We do not expect the bulls to be able to keep prices up for much longer following the trend line breakdown. Technical landscape looks fragile with RSI now below its support trend line and MACD about to confirm its dead crossover. There are also bearish divergences seen on both its MACD and RSI, which makes the stock a SELL,” it said.

TopGlov just issue bonus share 1:1 so in the market vol of the share will be double, CIMB try to manipulate the weak share holder to sale they share and try to cause panic selling. Price will be mark down few days and will be bottom when the vol is low. During the mark down, big money will buy the share till most of the free flow share in the market sold off.

TopGlov share sure will bounds back higher after the mark down selling.

TopGlov U Turn Speculation

TopGlov is once of the strong dividend share, however it still can be speculate by big fund manager. With the coordination of good news and bad news a good share can be speculate to make a big profit for fund manager.

As we know TopGlov share start moving up after the 2Q2010 financial report at RM 12.40 with
the news siding that globe demand on glove is high and US medical policy will increase glove company earning. During that time Ringgit Malaysia already strong vs USD at RM 3.22 level so why by that time the news did not role out?

After the share hits RM14.00 and may be the big fund already know most of the retail investor already in, so they use the currency news to cause panic selling to drop the share price back to RM12.50 level as where they begin. The speculation is a success as we can see a high vol trading at 15 APR 2010. The speculation only take 1 month time for TopGlov share price to make a U-Turn at RM14.00

Top Glove Profit RM57m For 4QFY09

Finally the dividend is out and I'm also pull my self out from Top Glove to secure my profit after holding the share almost 1 year ( brought on 07 Nov 2008 at RM3.80 ) Just done today sale on RM8.28 a profit of 117.89%. This is the biggest profit I make from 2008 up to date.

TopGlov Hits Above RM8.00

Since Monday this week, TopGlov share bounds up strongly in continues 3 trading day and hits above RM8.00. Base on the chart, before any of this bounds up a bullish pattern already been form and accumulation of share happen without push up the price. When no or less selling they push up the price will be more easy due to big selling may unlikely to happen. Together with good news of financial report will help to push the price more higher.

TopGlov Ready To Push Higher

TopGlov is one of my Fix Deposit share in my investment profile. TopGlov about to flow out the Q report and it will be a good result base on market reaction.

TopGlov On The Move To Higher Share Price

Today TOPGLOV move higer to RM 7.30 with high volume. TopGlov is one of my share invested in my long term profile.

Related Articles:-

• TOPGLOV Still Looking Good
• TOPGLOV Is About To Move Up Higher
• TopGlov Is About To Jump Higher
• TOPGLOV Share Short Up When Flu Come

TOPGLOV Still Looking Good

TopGlov had broken RM6.20 level and next stop base on the chart will be RM7.00. The performance of TopGlov still looking good.

However TopGlov was drop out from KLCI composite index, the new 30 share in KLCI is not included TopGlov but I think this share will continues be a good choies from long term investor.

TopGlov is still looking good after all.

Related Articles:-

• New 30 Share FBM KLCI Will Replace Current 100 Share KLCI
• TOPGLOV Is About To Move Up Higher

TOPGLOV Is About To Move Up Higher

TopGlov is broken RM6.20 level and I think it is above to move higher. TopGlov is one of the share save to keep in investment profile during pandemic time.

TopGlov Is About To Jump Higher

TopGlov share price have try to broken RM6.20 level for 3th time, any broken through will make the share jump higher.

With all this H1N1 news around the world, TopGlov business sure will going up.

TOPGLOV Share Short Up When Flu Come

TopGlov share have slowly moving up since begin of the year 2009 unaffected by KLCI news or by-election, finally yesterday the share suddenly short up due to Flu in Mexico.

In history ever flu run out in the world, TopGlov share will move up. Long time ago TopGlov is a profit and stable company till last year alot of negetive news flow out from it, however this year look like TopGlov will be back again.

I had keep some share in TopGlov for 2 year long term investment in my investment list since year 2007, planing to take profit in this year. I think this share will move up to RM 7.00 by 3Q2009.