The upbeat outlook pulled COMFORT out of a downtrend quite sharply, setting it up to return to its previous trend of higher lows and higher highs. Additionally, shares recently carved out the buy signal of a golden cross. Looks positive on this counter. Don't worry.
really break 74 cents today. Tomorrow another hot day and comfort may win the gold medal this time to break 0.80 cents. Buy high and sell higher this time.
i think someone purposes dump and press it down today and buy it back later at low price. A big volume of 300k share was park waiting to sell at 0.750 in the early trading session to prevent the share from moving up, Maybe the director want to collect more shares at cheaper price before they start to push it up again.
The Fed will increase the rate only once this year and probably in september. The US dollar is getting stronger and will benefit the glove industry. May see another round of bull run for rubber gloves soon.
many small and mid-cap stock has been heavily sold down by fund manager (rhb asset management) due to portfolio changes. They may be buying into comfort as it has been rising lately. I think the fund manager is accumulating comfort.
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amason
226 posts
Posted by amason > 2016-08-15 12:56 | Report Abuse
don't touch this - sure to lose money