Ya, it is at so far below value that I think it is mad low. I think it will turn around. It is Not expensive and the glove business will always be in demand. As soon as ASP stabilized early next year, it will uptick from there. Market always go overboard... up or low. No overboard Low on Gloves.
I think the time to buy is these few weeks. The senseless Price Suppression will end soon. At this Low ass 85% discount price... Who wants to Sell?? The company will Continue to Make Hundreds of Millions going forward. The PA is like the company going bust and the product is not needed anymore. There is a shortage for the next 12 months and ASP still holds..and will be stabilized soon. Only way after is clarity and Up.
I think market waits for next quarterly result. If the upcoming quarter result is better than current one, the share price will up. Most news predict the profit will drop as glove's ASP that never care about the actual earning of the glove stocks is the best among all sectors.
Has settled somewhat. P/E close to 1...WTF... Genetech P/E 367... mad crazy price and yet still people are talking bad about this company with P/E 1... and this company will continue to make hundreds of Millions going forward. WTF....
Retail investors will always lose when short sellers take control of a stock. Bursa is not a sophisticated market to provide a level playing field and the retailers usually can only make money when the stock prices go up and get out quick when the stock is being shorted. Brokers work with short-sellers as they earn when short-sellers trade. As there seems to be no time frame to buy back the shorted stocks, shareholders are at their mercy with some getting margin calls. Unless other shareholders have the financial muscle to short squeeze these predatory short sellers or the SC comes up with innovative solutions to level the playing field, the future looks bleak for ordinary retail investors. A ray of hope is emerging, as the price goes lower, the higher the chances of recovering losses for the brave unfortunate retail investors.
In the meantime just sing along to Limbo Rock. The world record for the lowest limbo is 8.5 inches by Shemika Campbell. Just like how tall she is, imagine what will be the share price when it emerges from below the limbo bar.
Ya... looks glim... high hope turns to lost hope... Will just hold for the LT. This company still makes good money. Have to wait for 2 Qtrs to get clarity and after that... fly again.
My advice to glove supporters is take back as much capital as you can right now n dont look back to glove stocks anymore because it is really for time to go back to pre pandemic level next year ! Try wake up now , the supernormal profits period already gone n will never happen again due to big challenges from China ! I myself already cut lost 2 weeks ago n protected 50% capital for other good divy solid recovery stock ! If not cut loss my capital maybe left 30% only ! Many people learnt a very expensive lesson in glove stocks !
Personal view only n not a buy sell call ! Think carefully n action fast !
Dude, what a big ginormous liar you are. You've been going around all the glove rooms asking guys to sell for at least the last 10 months, and now you're in Comfort room telling us that you yourself only sold 2 weeks ago?
OMG, dear oh dear. I just don't know what to say, man.
Shameful, most shameful.
Posted by NatsukoMishima > Oct 16, 2021 3:57 PM | Report Abuse
My advice to glove supporters is take back as much capital as you can right now n dont look back to glove stocks anymore because it is really for time to go back to pre pandemic level next year ! Try wake up now , the supernormal profits period already gone n will never happen again due to big challenges from China ! I myself already cut lost 2 weeks ago n protected 50% capital for other good divy solid recovery stock ! If not cut loss my capital maybe left 30% only ! Many people learnt a very expensive lesson in glove stocks !
Personal view only n not a buy sell call ! Think carefully n action fast !
For Gloves, It is just too late to sell. Also, gloves are Not expensive now. However, this year will stagnant for gloves... Have to wait till next year...I think next year gloves will see some action again. It is out but Not forgotten. I see revenge buying coming up... possible Gloves 2.0 ..the runup will make many to think it is overpriced later. Hold on tight.
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Posted by Ryan83 > 2021-10-12 08:30 | Report Abuse
Worst case is pre pandemic price in 2019 between 70sen-90sen