SpenderOren

SpenderOren | Joined since 2020-10-13

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2020-11-02 23:59 | Report Abuse

No news or rumors. The price went up because people has started to show interest in the company for the following reasons:
1. is fundamentally strong;
2. debt-free;
3. has consistenly giving out dividend to shareholders 4x per year;
4. and more importantly, the business model is resistant to COVID-19.
During this pandemic, most (clever) investors are interested to invest in a company that is stable in the long-run, thus the price increases. Another potential company worthy of note is freight management.

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2020-10-20 07:07 | Report Abuse

I disagree with the view that the decreasing trend will change after a vaccine is out. First, there is no guarantee when the vaccine will be out, and in drug research, the word 'soon' can range from 1 to 3 years. There are many factors that need to be considered before the vaccine can be released to the public. Plus, the virus is developing new strains and the researchers are unclear how the vaccine will fare in different strains. Even if the vaccine is out, it may be hard for the company to gain back its profit due to the change in shopping habits. Many consumers prefer to shop online, as reflected by an increasing trend of online spending. The pandemic has also triggered the global recession, resulting in most households to spend wisely. That explains why the low-priced retailers and online shopping businesses (e.g. Amazon, Shopee) are thriving. These are some of the issues that are worth considering, especially if you are mid/long-term investor.

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2020-10-13 16:01 | Report Abuse

Sell your aeon stock fast. The longer you hold the more you lose. Use the money to invest in other companies. Don't hold onto a sinking ship, be smart!