This counter movements mirror gloves. When glove up, luxchem also up. Check last year at the height of glove prices, what was luxchem price?. In terms of potential price increase, luxchem has the potential but it's very slow.
Just speculation, market are full of uncertainties and big environment now is unpredictable. Luxchem is solid and growing company as the management keeps doing expansion with acquiring new businesses. Just be positive to hope it can surf higher.
James your skin is so thick. It's admirable sometimes.
You like to show off you discovering stocks that ends up +100% or +200% in a year, as if anyone with even lukewarm IQ won't notice you literally cover almost EVERY SINGLE POPULAR STOCK on Bursa.
Last week Ucrest up like crazy, ok, here comes a video by James! The other month Dnex was really popular, oh look, James made a video!
LUXCHEM's price is at times, in tandem with prices of glove shares (though not all the time). With much better QR result (profits) and price increase of glove shares last week, it climbed to around 0.88-0.93++ range.
The high spike didn't occur immediately upon QR release (on 21 April noon time - only minor price increase), it only spiked after 2 days of QR release (on 23 April). Then, prices of glove shares took a dip (profit taking), however LUXCHEM's price was still intact at 0.90++ range, being highest at around 0.98 area.
Glove shares went up and down - and today they went down. LUXCHEM's price went down too - going from 0.94 (opening), then high at 0.95 and now down to 0.895 (closing price).
Reference is made to the earlier announcements in relation to the Proposed Acquisition dated 14 December 2020, 26 February 2021 and 28 April 2021.
On behalf of the Board, Mercury Securities Sdn Bhd wishes to announce that the Company had on 19 May 2021 entered into a share sale agreement with the Vendors for the Proposed Acquisition (“SSA”).
Please refer to the attachment for further details on the above.
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....
lloydlim
3,970 posts
Posted by lloydlim > 2021-04-24 19:34 | Report Abuse
Breaks 1.00 soon as buying interests keep increasing now. Patience is the key!