No more limit up songs Kids ....London br8dge is falling down . Glloves market will not high demand anymore.... ...big players are out of gl9ves counters .....good luck and take care Kids ......
Will buy below..2.20 And buy again when ong gong gong sell at 1.98... Not to worry..... Most inportant thing... Holding power...... See u at 1.98 mr ong gong gong
Tomorrow downward waves will continue... watch my words..... for those who hold higher, don't panic, don't sell your ticket... or else it will trigger the price to become more lower and let people like me buy at the lowest and discounted price.... Huat!!
Where is our NNO bossku? Hahaha .... Even thought he is always London bridge is falling down but his advise quite good.....guys .....no matter how its profit or loss never give up and learn from mistake .....Said : Past mistake is a great teacher ......Good Luck Guys !
Actually why this ong so like to comment here , since you think it will go down , thn jz ignore this counter lo , and invest in others , why bother so much , the only reason is he want create panic and collect cheap tickets
Tradeview Commentaries On Pfizer’s Covid-19 Vaccine - “Great News For Mankind.”
Dear all, with this news, there would be many concerned investors especially those holding glove stocks. Though this news is not entirely unexpected given Pfizer has highlighted that by end November they will seek FDA approval but the sudden headline news today coupled with the European and US market price reactions, it must have sent chills and cheers down the spine for investors depending which side you are on.
As how I have advised my private subscribers, I will share with all my humble perspective to all as this is a matter of public interests for the investment community. I will get right to it.
In this year we have gone through the cycle many times. The earnings of glove stocks will not be impacted at least in the next 1 year with the introduction of vaccine because the orders are locked in and deposits are paid. The opposite is true, meaning, those who are reacting to this “great news for mankind” are getting ahead of themselves. Recovery stocks and tourism plays are still too soon. Their earnings will not recover in the next 1 year. But the foreclosure risk / default risk for these companies have reduced significantly with Pfizer’s drug success.
We must not forget though, all of Pfizer’s drug has all been bought up by rich developed nations. Developing and emerging countries are left with the Covax programme or possibly Chinese vaccine. Though this news is good if proven effective, the eradication of Covid-19 is not overnight.
The market is not rational and tend to overreact both ways. So I believe tomorrow glove stocks will sell off initially then recover lose ground just like what is happening to Mercator Medical now. Those Covid related healthcare penny stocks with no fundamentals will be the worst hit. Tech stocks may selloff too.
Vaccine plays will lead the way. Banks and index linked stocks will rebound strongly too.
My advice on the move you should adopt for tomorrow and the coming weeks ;
Market is never rational and herd mentality is very dangerous. But don’t be caught up in it. Panic selling get you no where. Do not rush to average down and do not chase recovery plays indiscriminately. Though it is hard to see it, Stocks backed by earnings are still the best to stocks to invest it be it good times or bad. That includes glove, tech, banks, select blue chips.
Currently Rubberex is producing 1 billion gloves annually. Its new production plants which is scheduled to start operation in June has a production capacity of 2 billion gloves annually. The total production will be 3 billion gloves annually.
Excited revenue and profit from Ruberrex this coming quarter and next quarter.
What US trying to say is To lift Joe Biden up need to make their citizen feel happy. So they make story the same story as Ol Putin vaccine. Everyone in vaccine industry know to make vaccine and distribute need such a long time test trial. Make politician good story but with complicated to execute.
Before Putin vaccine announcement russia case was only 300 cases per day and today after Putin vaccine announcement 21k case per day. Suppose with vaccine case should drop to below ten case per day in Russia.
@Chua Joe Beng: Isn't that news before the vaccine announcement? While profits are expect to be good, the market currently does not work on fundamentals, but rather sentiment. So, how's the price expected to go up?
PS: Not dousing salt here. Just a newbie trying to understand.
Careful with AT, it will drop anytime sooon, rubberex is the better choice now. Quarter result will be announce soon, excellent report is expected for rubberex. just calm and hop on for the rocket !
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....
A Choo Pin
302 posts
Posted by A Choo Pin > 2020-11-10 14:56 | Report Abuse
buy 2.27...
welcome .. :)