People are quick to forget that glove counters got oversold just a few months ago. You don't need a pandemic to reach back pre-pandemic price. I'm NOT saying that prices now are justifiable, you do your own research. :)
@Natsuko dekat mana? hari ini tak ada countdown? or ran already? I hope you shorted so that you are together same boat with those that followed your advise.
Unless of course, you share the same opinion as Natsuko, that Malaysian glove will die because China will takeover. In that case, dont buy, no point buying something that will die.
Wow, I missed a huge glove rally yesterday. Looks like my decision to average down when Harta is around 1.5X really paid off big time! At this point these sour grapes is just a nice icing on the cake, lol!
The biggest mistake for every gamblers is they will only say a stock is good when share price up even though dead god is waiting infront , just like sunset past tense glove stocks !
Let s see swift and glove company who will bankrupt first !
@bang_miskin Supermax announced their QR yesterday and it is narrowing losses too. The indicators of bottoming out is real. I guess investors are pricing ahead just like how we didnt understand why the price drop previously.
@Natsuko i think you are the gambler - calling for shit like RM4-6 Dnex and Harta below RM1. Harta has not seen 1.5 since early March, gamble what? Please la, nobody wants your investment or anyone elses' investment to go bankrupt. You are the only one with black heart and flawed analysis. If you are mentally ill, staying away from this forum is good for your own mental health.
I think we understand why price dropped in the last two years. Oversupply is the main issue, but we don't know how long the oversupply issue will last. So it's understandable for investors to stay away from gloves. But now things are getting better faster than expected. As long as glove companies continues with smaller losses and/or increasing profit, we should expect price to return to pre-pandemic levels.
No rush for RM3 or 4 or 5. IF the future results show itself to stabilise and grow steadily, we will get there eventually. If you don't believe that will happen, why are you here?
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....
YourQuirkyWays29
852 posts
Posted by YourQuirkyWays29 > 2023-05-18 16:15 | Report Abuse
People are quick to forget that glove counters got oversold just a few months ago. You don't need a pandemic to reach back pre-pandemic price. I'm NOT saying that prices now are justifiable, you do your own research. :)