CNA reported UK found antidote for covid 19 n this will affect the prospects of gloves

Not a good sign

A bit pessimistic

When it's price adjust upwards everyone rejoice but when it corrected , all the hues n cries r out denouncing it's downfall.

Fr 4 to 18 n may drop to 4 once vaccine proven successful

Cut loss

Quit n take a hiatus

Like Hengyuan uncle xxx called its new target RM 30-50 but it fall to its rock bottom price of RM 2 n now trading 3+. Blamed yourself for being too greedy n thought whatever recommended were right but in actual fact it was all a fantasy.
15/06/2020 4:38 PM

Highly speculated till it bubbles

Looking at the chart esp candlestick should show that this sort of price cannot sustain in the long run even if the co had 100 %increase in revenue as it's asset backing is only 90c but speculated until 8-9 ringgit . To me , only around 2 can b considered .

My policy is never chase the last ringgit

Dows today dipped below 24k points at loss 803 PTS .

https://markets.businessinsider.com/index/dow_jones

Many green horns were wiped out totally this time coz big timers had sold all their stocks in the first dip .

As was told that market will correct but never expected so soon n so swift n caught many off handed .

Yes , good bye liao

No more coming back for sure but is always seeing south now

Liquidate n bye

Anything above 7 should b safe

Beware of steep downward adjustment

Hope it can hold on above 7....

Dows down again....too bad !

Good business will invite more competitors . Never chase high is the best option coz the risks r getter higher when it's PE multiply into unbelievable levels .

In stock, u can't find a super stock just going up the ladder n no turning back . Up n down is the name of the game .

Not a glove counter n can't perform well

A gambling stock ......never fall in love with any is the kind advise

Luckily Dows recover

Disposable face masks create more rubbish n environmental issues .

Too many interested parties n strong support even in bad times but I wonder how long they can withstand the heat ?

As expected the drop is predetermined .

Anything pricey will invite alternatives . Thus if the manufactured cost increases, additional tax etc this will deter fr using n come out with a different type of glove . The booming effect will end here n there .

Short selling or sharks unloading may b at work coz they had earned more than 450%

Someone put a TP at 19.80 , what a crazy guy....?

A small drop of 38c not a big deal coz it's price fr RM 4.

Only 30c drop not a problem coz it started at RM 2 only .

Bilis r lining up to earn the last CTS or dollar .

Still looking strong even little set back . Short selling not yet start .

If Dows drop more than 500 PTS , all counters will b followed suit.

Rugi counter since then beginning until now . No div either . I see no reason why this counter is group beside Topglov n Supermix ?

Hengyuan is a good example....

Sign of weakness out

Beware of white sharks unloading .....then it is all history n retold .

Too risky to hold on ...coz any jittery in Dows will affect greatly to our Counters here . Support should b around 7 , 4.50 ....

Watch out the support for candlestick

Do not count chicken even b4 eggs r hatched

See tomorrow how it performs . If the candlestick dips further the support level , then better call it a day . Cut n liquidate ...

China in SEA Asian countries r producing the same products too into a bigger scale n cheaper . With competition , revenue shall drop drastically n hence future profits . Eg a face masks of 3 layers surgical fr 2.50 pc to 26c pc . Who believe that ?

1 year good profit doesn't mean anything . It should b year after year n no one dare to guarantee that .

Hengyuan is a good lesson here . Fr 2 to 20+ n back to 2 n now 3+

Nothing is great forever coz it is replaceable by big producers with vol n capacity.