dont know why all panic...ahha..and the best part is....some people keep saying if it breaks certain number it will react such and such...and then when things go opposite, they kept quiet and disappear into thin air...when things go their way somehow for a while, they will say "i told you so"...hahaha...and the cycle keeps on repeating itself..just an advice to everyone, always stick to your fundamentals when things go roller coaster like now.
After I read Top Glove’s fantastic performance, I re-produced it for your benefit. I believe it will help to pull up the share prices of the other glove manufacturers namely Comfort, Supermax etc. As I said before “rising tide lifts all boats”.
The only reason for Comfort and Supermax to plunge in the last few days is that many investors are forced to sell to meet margin call. Forced selling is a vicious cycle. The more they sold, the more the share price would drop-thus be creating more selling. Moreover, big players are pushing the price down so that they can buy at cheaper prices.
I went in at 2.72 this morning 40 lots. Figured there couldn't be any further downside for such a fundamentally good counter like this. Fingers crossed the recovery continues..
yes comfort might turn reversal signal if today closed above 3.00. and second waves of virus fear is here. nothing is better to invest in bursa except for gloves counter. Top 4 already factor in the price and now a bit of sideway and calm down. Next week if Topglove and supermax start engine again, it will bring the others medium gloves counter as well.
Second wave will inspire more requirements for protection and could be more worse than the initial pandemic as Spanish flu happened in 1929. Stay positive looking forward for comfort agm end of June.
Huat8huat8 Many will be trapped again? 12/06/2020 11:56 AM
Nola.. sellers almost finished at 2.94
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tahong
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Posted by tahong > 2020-06-12 10:18 | Report Abuse
Today I think is right time to buy if u got bullets. Uncle is still active in tis stock