Glove theme not over yet as it is supported by good profit, US, Brazil, Rusia all registering increase in Covid 19 yesterday. Don't panic sale to shark at this price... Wait for better price to sell if you want to sell...
Guys those selling until limit down are the banks. Not ikan bilis. They have margin financing and they need to sell because they don't wanna pay up. It will go lower tomorrow. Then only rebound.
hahahaha ...............henry. Soon, u will see all the bad news . Cost increase ... alot of new glove factory come into the game .... RM strengtening due to oil price ...... ASP normalize due to competition . Covid reach its peak and bla bla bal .... u r way too optimistic
IB & professional big traders have been devising & execute is such precision to device this reduction of margin for glove & play out the ikan bilis & next thing .... bankers sapu all cheap cheap , they know handsome profits coming in at 3rd & 4th quarters (after see the orders & pricing) , will make them super rich at year end.
I bought comfort and supermax in March as soon as Covid get worsen. I have sold most of my stocks last week, only left 20%. I have added a bit to play lah as i think is oversold.
Top glove will announce very good results, dividend etc. The theme is not over but just need to be careful...
and dont know how many glove bosses has pledge their share to margin to goreng.. so their share may get sold in big quantity in the next few days.. stay tune.. tut tut tut , as pak tua use to say..
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contradex
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Posted by contradex > 2020-06-03 11:28 | Report Abuse
im thankful i still can get at lower price.. thank you so much to the bank for those news and u guys panic selling