Many investors are stuck in 7 to 8. Will so many vaccine out in the market, by any chance it will bounce back to RM7 or even 8?

Of course bro, glove stocks are the next tech counters /s

But yeah, many glove bulls believe it will go up much more and it's worth keeping for super dividend yield !

If they do share consolidation can go even higher Bro

BBB UUU
But vaccine already out.

This post has been edited by Omgf: Feb 14 2021, 01:42 PM

consolidate 2 to 1, then drop again to 6 😂

Chinese say no bottom punya pit

This post has been edited by ben3003: Feb 14 2021, 02:01 PM

If immunization proceed as planned in the u.s and e.u, gloves demand and subsequent asp will waterfall in Q3/21.

Short term price movements is random walk; share price >rm7 could happen but unlikely to sustain.

This post has been edited by icemanfx: Feb 14 2021, 03:04 PM

Do you think Investor should sell all before it's too late? Let's say the EP is Rm6.70

Whether to cut loss, how much and when to cut loss, only you could decide.

short answer - yes.

but when? in 2021 or 2040?

Hehehe... ask Messiahword.

On a more serious note, you can tell obviously IBs & short sellers have their intention to press the price down.

There's a shit ton of call warrants expiring the end of Feb, Pfizer is coming to town & idss starting next month.

It needs to come down before it can go up.

Probably have to wait until April...

It all depends on your initial intention of putting money in to the stock.

If initially you only intended to ride the uptrend and earn a quick buck then you may cut loss now, because the electronic manufacturing industry is the trend now.

If you’re an investor, you didn’t borrow money to invest and you don’t mind letting the company intrinsic value to reflect in their share price, you can do nothing or add on position as it goes lower. This is because the market is feeling pessimistic to the glove industry. The glove companies CEOs have said “demand will not meet supply in the next 3 years. Even after demand meets the supply, the ASP will SLOWLY normalise. Remember ASP normalise doesn’t mean net profit decreases, because production capacity and business expansion can offset the normalisation of ASP.

If you are in doubt, always check on the prospect outlook in the company’s annual report or watch interviews with the management team. Don’t listen to bullshit like ASP will “waterfall”, company will go bankrupt yada yada..these people normally disappear when proven wrong lol.

All the best!

Poorperly developers similarly claimed not long ago; kv run out of land for development, demand > supply, price could only rise, etc. Guess where are BBB/uuu lately?

Taking hook, line and sinker from those with vested interests will be gutted.

Few days ago, you suggested TopGlov should bail out Air Asia Group Berhad, now you compare the property industry with the glove industry.

What a dumb analogy, that only a donkey can think of.

https://drive.google.com/file/d/10_OtXWMRuk...iew?usp=sharing

When you try to sound like you know the industry better than Hartalega CEO, people will start to question your credibility.

This post has been edited by MedElite23: Feb 14 2021, 04:28 PM

Q3/21 is only a few months away and we could certainly wait.

Guess you are heavily vested in gloves shares.

This post has been edited by icemanfx: Feb 14 2021, 04:35 PM

Just like everything you type in this forum, all just based "guessing" only kan hahaha!

Not good, keep guessing!

Only death and tax is certainty in life.

As we are not buying 4d or lotto, approximate/estimate is sufficient/enough for our intent and purpose.

This post has been edited by icemanfx: Feb 14 2021, 04:44 PM

No, stupidity is for certain incurable, too.

Let's wait and see who will have the last laugh.

Nobody knows what's going to happen in the future. I'm invested in Top Glove but market conditions are the same across the glove makers. The experts are predicting glove demand to remain high through 2023 and then to stabilise at much higher levels than pre-pandemic.

I'm holding Top Glove for the dividends. I'll reevaluate the situation in 2023.

With a P/E of 7, I think the price is cheap.

a word of advice to TS

if you are in doubt, never put all eggs in a basket

diversify it out to lower your risk