As many ppl aware, many glove buyer frustrated on the glove price today.. but like it or not, this is bursa.. ppl will play loss making stock and fly..
But for long term traders, they will hold the glove stocks.. because of the good QR..
Im still holding even in loss positions.. but bear in mind.. the proce has tendency to drop below rm3.. so lets wait n see..
Glove sure will rebound.. but dont know when.. my guess, in between 23rd Nov..
Intra player should avoid to buy this counter for the time being.. or else u will get trap..
One more thing, pls sets in ur mind gais, price may be keep dropping until below rm2.. this is because of too much retailer in this counter.. when they panic, anything is possible... just be carefull..no matter how strong the QR N FA..Standby ur CL strategy.. n swallow the losses..
Glove counters now, nothing to do with vaccine news/DJI/QR.. they play on theor own style..
Even DJI green doesnt effevt n really go to green.. good QR, doea not really up, vaccine counter drop, doesnt effect glove also..
Something we must admit, we require ppl to goreng.. then price can up.. bursa has change the game already for 2020.. a lot of sifu out there will convince their student to buy..
Even loss counter/pn17 counter also fly n LU.
Gets & AT, fly even big 4 drops or vaccine news up..
We dont need catalyst anymore.. we only need ppl come n goreng.. thats it.. lol
Those who so naive thought covid 19 will disappear soon can check the history of smallpox. This smallpox took almost 200 years to be eliminated after vaccine come out. Those brain got water one will only think Covid 19 will disappear in 2 month or 2 years
vaccine.. where is the vaccine?? many cases everyday, we need vaccine!! tomorrow can get? next week can get? next month can get? oh shit.. i forgot, we cant transport and storage at -70 celcius
China National Pharmaceutical Group Corp (SINOPHARM), a Chinese state-owned enterprise, announced on Wednesday that data from late-stage clinical trials for its Covid-19 vaccine are «BETTER THAN EXPECTED», Reuters reported.
In Morocco, Dr. Abdelhakim Yahyane, a member of the National Scientific Advisory Committee on Vaccination, told Yabiladi earier this week that vaccine trials in the country «have REACHED THE FINAL PHASE».
We are impatiently awaiting the end of this process, which could probably happen BY NEXT WEEK
It is a mistake to hold glove stock and hope for a rally like March 2020 reason being in Mac there are only 2 sectors namely healthcare and technology sector offer for investment opportunity . Investment fund concentrated to pour into these 2 sectors and result in the super rally. But now with vaccines available more sectors are open for recovery and therefore fund being divert into various sectors. Another reason is syndicate will choose sectors with low price stock to push for profit reliasation . This round many stock in industrial sector is having super run as this sector head for recovery with hope of vaccine. Personally I think glove can recover strongly only in next quarterly report session if the result is super fanstatic. Meanwhile I have decided to disposed all my glove stock and look for other opportunity that are in playing. Will only come back near the next quartery report session. Investment field is really complex,interesting and challenging as many factors contribute to the rally of price and hope that investment guru & sifu continue contribute valuable information in this forum so that everyone of us can learn and grow . Finally bless that all investors can make a profit in this difficult times...Good Luck.
Pfizer CEO play dirty. He just announced his vaccine is 90% good, his company share price ran up, he sold his shares worth US$5.6M. For all you know his vaccine whether is good for 9% or not.
Glove market is very sensitive to the vaccine sentiment. Pfizer last week. Next week moderna. Even more vaccine news will be rolled out start from now. Because most of the vaccines are at last stage trial. Market will follow the sentiment. Glove will start bullish back after vaccine is officially announced by WHO & distrubuted.
We are the fools. We let the IBs take us for a ride. Vaccine or not, gloves are still needed atleast for another 2 years. If we Investors have confidence in the demand we should all buy.
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....
SA2023
102 posts
Posted by SA2023 > 2020-11-13 11:38 | Report Abuse
To be a great stock picker you have to have a smart head, strong stomach, and thick skin.