You guys remember that xdl's core business is sports shoe which is profitable even before & during covid 19. Increasing profits for the past 5yrs. Mask & ppe are new business. Even if the vaccine is found, it is not very likely to give long term prevention because people recovered from covid infection only has antibody for 3 months. So this vaccine can only give protection for 3 months the most. Not good. PPE& mask still required for reducing spread of covid.
Reallynewbie, no one can predict whether it will hit 0.1 tomorrow or not. In a market with high volatility, xdl can certainty hit 0.1 in a matter of days. What I can tell is that XDL will move up (maybe in a choppy ride which will shake out weak holders) eventually to it's intrinsic value. The key point is, when a stock is trading below it's intrinsic value, the odds of going up is much greater than odds of going down. The reverse is also true. So, patience is the key in making profit once you have bought an undervalued stock. But not many can stomach a dip/pullback. People get panic and sell at a loss.
The price drop in the last two days also caught me by surprise, but instead of panicking, I didn't sell my shares, I even bought more at dips 0.07-0.075. Think longer term. Short term is unpredictable.
Yes, patience is the key investing in stock market, not only at XDL, many counters also sleep quietly for long times before the price soar, just you need to wait until the right timing to come....
Chief traders will determine its price but not the fundamentals (looks good) or the China Chinese syndrome (feel scary). Parkson is run by Malaysia Chinese, its price also dropped from above $5 to below 0.10 despite high NTA. Trading opportunities. Good luck.
Posted by Jeffreyteck > Aug 13, 2020 7:00 AM | Report Abuse "Parkson is run by Malaysia Chinese"
Yes Malaysia Chinese conmen collaborate with pirate mentality local politicians. It's joint ventured con job. Not only in this counter but almost all companies.
Again Seacera sole distributor for xdl masks & ppe trendup, every qeues left or right are left than 10k!?,xdl ironically despite high volumes still stagnant.
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....
theidiotone
477 posts
Posted by theidiotone > 2020-08-12 15:42 | Report Abuse
i taken another 50lots at 0.08.. 0.075 seems very hard to get anymore.