@dakewlest, GCB always in my watchlist but for now I'm more in swing trade mode as all EMA, Stochastic and MACD is showing a rebound soon.
Anyway, nothing wrong to own World No 4 Cocoa Grinder for long term, should it's gearing is going down after their Ivory Coast factory start operating and CV is dissipating, I may change it into long term portflolio
Nov-Dec cocoa price shoot up significantly... and with serious Covid across Europe, Germany and Asia, choc not selling much even with Christmas... not to mention, contianer price is sky high and will remain for a long while..... tough environment expected for next 2 years.... even with expansion.
With today price 2.6x. PE at 12x & ROE >15%, RSI & W%R both indicated GCB in oversold zone. hold and patiently watch what will happen in next 1 to 2 quarters.
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....
Bursa1199
43 posts
Posted by Bursa1199 > 2020-12-10 10:25 | Report Abuse
@ Keyman188, Why sell?