Darrenong
2021-02-09
Erm
Redditors’ Plan to Use GameStop Playbook for Glove Makers Unravels
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Top Glove topped the sell list for retail investors for the week ended Feb. 5, a report by CGS-CIMB Securities Sdn. showed. And short positions have started inching up again.</p>\n<p>From its start on Jan. 28, the online forum was up in arms with a rallying call: support medical glove makers whose shares had come under pressure from short sellers following their meteoric gains in 2020. The forum now has almost 13,000 members.</p>\n<p><img src=\"https://static.tigerbbs.com/ff6f36fd4629ab321853cf704a47bdfb\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Now those calls to buy and hold them are falling on deaf ears for three key reasons.</p>\n<ul>\n <li>Slowing virus infections and global vaccine rollouts are instilling confidence that the pandemic’s end is in sight and therefore the extraordinary demand for gloves is set to ease.</li>\n <li>The frenzy in American stocks popular with Reddit crowds has itself started to come crashing down. GameStop’s shares dropped 5.9% in New York trading, adding to last week’s 80% plunge, a drop that followed three weeks of dizzying gains.</li>\n <li>Malaysia, like many other Asian markets, limits the amount of short selling that can happen on a stock. So technically there weren’t any gigantic short positions in glove makers to begin with.</li>\n</ul>\n<p>Top Glove is about 1.3% away from its pre-Bursabets level as of 11:57 a.m. in Kuala Lumpur trading, while its rival Supermax Corp.fell below that level on Monday.Hartalega Holdings Bhd. is about 3.5% away from reaching that zone. These stocks had been one of the biggest beneficiaries of the global pandemic last year.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Redditors’ Plan to Use GameStop Playbook for Glove Makers Unravels</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRedditors’ Plan to Use GameStop Playbook for Glove Makers Unravels\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-09 13:52 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-02-09/redditors-plan-to-use-gamestop-playbook-in-gloves-unravels><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top Glove gives up most gains seen since Bursabets started\nShort bets rose and retail investors sold last week: CGS-CIMB\n\nA bid by Malaysian amateur investors to pull off a short squeeze-fueled rally ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-09/redditors-plan-to-use-gamestop-playbook-in-gloves-unravels\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","BVA.SI":"顶级手套有限公司"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-09/redditors-plan-to-use-gamestop-playbook-in-gloves-unravels","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198347296","content_text":"Top Glove gives up most gains seen since Bursabets started\nShort bets rose and retail investors sold last week: CGS-CIMB\n\nA bid by Malaysian amateur investors to pull off a short squeeze-fueled rally in glove makers is fizzling out, just like the one by their American peers in GameStop Corp.\nShares in Top Glove Corp., the sector’s bellwether and Malaysia’s most shorted stock, have given up almost all of the gains it made since some investors started Bursabets, a Reddit community idealized after r/wallstreetbets to defend Malaysian stocks. Top Glove topped the sell list for retail investors for the week ended Feb. 5, a report by CGS-CIMB Securities Sdn. showed. And short positions have started inching up again.\nFrom its start on Jan. 28, the online forum was up in arms with a rallying call: support medical glove makers whose shares had come under pressure from short sellers following their meteoric gains in 2020. The forum now has almost 13,000 members.\n\nNow those calls to buy and hold them are falling on deaf ears for three key reasons.\n\nSlowing virus infections and global vaccine rollouts are instilling confidence that the pandemic’s end is in sight and therefore the extraordinary demand for gloves is set to ease.\nThe frenzy in American stocks popular with Reddit crowds has itself started to come crashing down. GameStop’s shares dropped 5.9% in New York trading, adding to last week’s 80% plunge, a drop that followed three weeks of dizzying gains.\nMalaysia, like many other Asian markets, limits the amount of short selling that can happen on a stock. So technically there weren’t any gigantic short positions in glove makers to begin with.\n\nTop Glove is about 1.3% away from its pre-Bursabets level as of 11:57 a.m. in Kuala Lumpur trading, while its rival Supermax Corp.fell below that level on Monday.Hartalega Holdings Bhd. is about 3.5% away from reaching that zone. 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