KUALA LUMPUR: A member of bursabets, a Reddit forum seen as a copycat of the controversial US-based"wallstreetbets", has called upon retail traders in a new post to help shore up the share prices of Malaysian glove manufacturers.
The share price of the video game retailer rallied over 400% on the New York Stock Exchange on Wednesday as amateur stock traders bought up the share, defying large hedge funds that had held short-selling positions on the stock. "Our own people are terrified to invest into our highest performing industry because of constant manipulation., Kossan, Comfort and a few more other smaller glove producers are now all trading at a crominally low PE Of less than 15 despite earnings record-breaking profits because of the pandemic," said _Revenant_.
I see that you folks have found us
this bursabets looks like its started by the glove guys ... stupidDoesntDescribeThis
Institution investors' play to dump their glove share.
Why? Is there anyone short selling the glove manufacturers stocks deliberately? No? Then this is just a ploy that only benefits the manufacturers.
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Source: msianinsight - 🏆 8. / 63 Read more »