TG is facing manpower shortage due to EMCO, while this is bad news for TG in term of loss of earning opportunity as TG will have to operate below capacity, this should be good news for other gloves counters.
at the moment when the world is facing gloves shortage, the largest in the world glove manufacturer has to reduce production. gloves price will definitely increase as demand vs supply is significantly become imbalance.
EMCO will last at least 4 weeks maybe more if the number increase today. so imagine within just a month the glove shortage will increase by 3 times as there are now in the US, UK, France, Europe facing the worst wave of coronavirus. Anybody can check now the dire situations in this countries. go to CNN and watch the numbers keep breaking new daily record. feel sorry for them, but as investor we make a move based on changing market environment.
most Glove counters are depressed now due to a slew of vaccine news. the news will fade away just like "Russian 1st in the world" vaccine news. good opportunity to accumulate other glove counters except TG.
The sell down is just overdone after all if vaccines r developed , medical workers n related professions r still required to wear gloves So the demand for gloves exceed supply.
Bounce back baby... Tomorrow might be positive and up provided no another Vaccine news. Now every drug maker is 90%.. China 99%...less 95% of the unreported Dead.
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....
Wukong
224 posts
Posted by Wukong > 2020-11-17 09:30 | Report Abuse
保持下降。TP1