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I believed management and fund manager are not noob or dump. If they(insider) think result are bad, they won’t sapu all the way from 2.60 to 3.04 and managed to closed at price 2.93.
And won’t release the report one week early, before the report release already dropping few days from 3.940 drop to 2.60.
If operator really wanna trap you, they will release the report when share price at high not at 2.60.
And Friday news for virus second waves is coming, so do you think the operator will miss this opportunity to participate the hike if entire glove counter is rally next week?
And the result is fulfill uncle Koon golden rules. So most importantly is next QR result would be very impressive as the new production line and asp is credited on the next QR.
Think yourself before you want to talk bullshit about how bad of the company. Haha
I think it is quite reasonable cashing out. Imagine it took decades for you to form a listed company, and suddenly your share price is doing fantastic which is unprecedented, of course you would dispose shares to improve your quality of life. Although shares being disposed, the insiders still holding a meaning amount of it, not like totally sold it off. The company's outlook is still quite positive with it's steady track record.
kah kah kah.. my advice take profit first for short term mindset.. ignore the bullshit talked from bottom army.. play safe.. and look for another entry. the glove sector need to do correction first
I did noticed at price 3.0 have a very huge buying volume at that selected price
Most probably they disposed purpose is to standby buy in when hit the lower TP, huge amount buy in could rebounce back their share. Their last QR is better than previous QR, 2nd wave will double increase glove orders. Their company performance is better than last yr.
recently drop is normal since all glove counter / other sector share drop as well due to US economy down recently
that different between long and short term trader.. so my advice to short term.. just take ur profit first.. wait for its lowest price and re enter again. because this glove sentiment is still in good uptrend.. but top glove and carepl have shown to us.. a good qr is a good news for take profit first(short term)... u can see their chart.. same pattern..
Based on their QR if compared with harta
harta Latest Jan-Mar QoQincrement 122% & latest QR of comfort Feb-Apr QoQincrement 230%, which means comfort permance consider better than harta but if compare with topglove, comfort still under value & hv room to grow. Dispose share do hv lot of reason, it just very small portion of share to be dispose, it might be from investor analysis could foresee comfort future perform is good therefore part of shares may disposed for investors. Thats a good sign..
if 2nd wave covid-19 outbreak in US is benefit to glove counter. As an investor, surely will choose a good performance company with undervalue share price to invest.
Uncle Koon: As I said before investors will look so *stupid* if they did not buy Glove shares. Investors should hold onto their holdings and do not sell prematurely. The game has a long way to go.
maybe call buy, then end result not as expected, then now trying to hide proof for call buy, in other words gg to those who listen to him. if this is true
Why blame him? U should thank him, when he posted about comfort is about 90c. Then it did go to RM 4 not long ago. 90c to RM 4, if u didn’t make from this counter it’s truly your own problem d.
So the concept is worked. Operator will press down for collect more from retailers to participate the second waves of virus trend. And now operator is fully accumulate plenty shares from those who panic cutloss yesterday. And form a strong bottom based. Congrats to those who still holding.
So when stock price drop... everyone so bearish and many loser come out to laugh. You Shld no panic and buy at 2.65-2.80 or even below 3.00. Because fundamental no changes. The only changes is ppls mindset. Fear vs greed. And risk vs rewards.