Incredible Streak : A Decision to DUMP Top Glove's free warrants Proves Prescient ! {18th Feb '25}
A day when glove bulls see 🌟stars💥 by session's end ! A fateful quarterly report from Winner #1 Hartalega sends its price tumbling within 15 minutes & drags the rest of the sector down hard with it!
I had sold 73% of my free warrants gifted recently by Top Glove at 38c, feeling a little rueful that I modified my original 39.5c queue which would have been gobbled up by 10am! However, I left 45 shares in the sell queue at that price just in case it broke 40c again in the afternoon.
Little did I know that a 6th consecutive quarterly profit reported by the former company during the lunch break, albeit comprising a 13% profit drop Y-o-Y, would trigger an avalanche of selling sector wide!!! A deluge of aggressive selling that would last right up to the closing bell, with said company the worst hit, losing almost a quarter of its value!
Thus I ended up selling the balance of my warrants in the odd lot market for 32.5c, 15% below the morning's sale, for the 113rd consecutive decade mark in the glorious run! This is my very first gain from Top Glove since Dec 1st 2021!
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