after a panic selling day, its normal for a bunch of sour grapes who panic sold that will come out to fear monger to push prices lower for them to enter
A Golden rule: Set your stop loss. You will lose all your gains, have to cut big loss or stuck forever for this type of theme played stocks if you don't do that.
Is the covid pandemic effect still there and the demand is still high ? OR Vaccine is developed and available to public soon? within next few months? and therefore demand will dramatically decrease soon?
As long as the fundamental and external factors still intact, the play is not over yet. But once vaccine is available, then burst
Remember the day before raya (Friday).Drop like this also.Then after the raya first trading the price of all glove up like crazy.This situation is the same.Keep it until tomorrow.Remember there is no idss(short selling)allow yet.So no need to panic lah.If got idss(short selling)allow then it is different story book.After all the stock they sell,then where to find stock to sell?Unless they buy.After all the selling force done ,it will when back up.The virus is still around the world and spike worry of new second wave of pandemic going to happen.Glove is still the choice for them to invest.
The protests are raising fears of a spike in coronavirus cases By Hollie Silverman and Theresa Waldrop, CNN
Updated 0128 GMT (0928 HKT) June 2, 2020 Demonstrators gathered to protest the death of George Floyd near the White House Sunday. Demonstrators gathered to protest the death of George Floyd near the White House Sunday. (CNN)Government leaders and health officials have expressed their concern that coronavirus could rapidly spread during protests over the death of George Floyd
I recommend to buy Comfort (first recommendation) at 0.82, target price at 1.68. I recommend to buy Comfort again (second recommendation) at 2.05, target price at 5.00. All my subscribers are laughing all the way to the bank. Thank you.
Posted by Hotwires > Jun 2, 2020 2:11 PM | Report Abuse
Dear OTB,
Thnk you for ur clarification. RM3.82 is already a quite hefty retracement from rm4.20..so do you think is a good level to buy and hold? Thnks -------------- Ans : I really cannot advise you. I bought them at 2.05. I still add position around 2.70. Please decide yourself. Thank you.
beware margin investors. reported to have revision in price capping /price cut by 35% on all glove counters. investors given until end jun to regularise.
Posted by Yu_and_Mee > Jun 2, 2020 2:23 PM | Report Abuse
When OTB come out to talk, KYY will come out to talk too. Then price will up. I trust them. ---------------- Ans : Mr Koon is asking my permission to attach my article in his posting today. Please stay tune. Thank you.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stephenbond
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Posted by stephenbond > 2020-06-02 12:19 | Report Abuse
run if you still can..think will be worse the next two days