I think gloves are dead, not the use of gloves or the need for gloves, no one is interested in glove shares for the time being. Too bad for those holding at high price. Wait lah...no choice.
From 10 cents stock up to 3.++ , don't think it is cheap and sapu . This is once in a lifetime when pandemic disease hit the world population and gloves related stocks have gone up byond unreasonable level . Now is still consider unsafe to buy at this current price and will drop below 1.00 and even more when gloves flooded the market when the pandemic disease subside .
Vaccine still needs gloves, lots of them. Vaccination programmes will last for at least 2 years and even more for normalcy to occur. With stock paling of gloves, demand for them will continue much longer. Abnormal earnings for glove manufacturers will continue for many years.
I bought 1.80 80,000 and sold at 3.30 months ago....now at 1.00 I just bought 100,000 to keep,80cts will buy 100,000 and if down to 60cts will buy another 100,000......hahaha
Have confidence. Top Glove has been buying back its own shares in huge quantity, cumulatively 177,000,000+, costing millions. Sign of confidence despite all its troubles with covid, labour, etc. Why are we selling without regards to ....? No confidence? Kiasi and kiasu?
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....
Mikecyc
46,985 posts
Posted by Mikecyc > 2020-12-03 10:26 |
Post removed.Why?