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Guys, if you see the historical price it has been going up almost daily, reds on some days are expected and healthy. Take a look at others. If we're talking about valuation, almost all the glove related equities are (historically) overvalued (i.e. based on historical numbers).
guys. You have to remember one thing. Those experts. How do then justify the price ? Based on QR right ? Careplus QR already released. So no need to worry. You guys just have to pray for supermax result crazy boom. Then all glove counter will be pull all the way up.
For those buy in high. You can cut loss if you want. But for me. I quite confidence with supermax QR. And I bought 50lot in hand. Even though QR did not meet the expectations. Covid 19 still increasing right? What if another country in Europe lock down again ? Glove counter will up again right ?
Everyone is gambling on Monday supermax QR. For those who dare to hold. If QR is good. Your glove stock may limit up. If QR not good. Or even worse. Your glove stock sure drop -10% plus. High risk high return. While you have 70% certainly on this. Trust what you choose !!!
In conclusion, if big players continue goreng and small fishes follow.. sure will keep rising.. if not it will stay and drop also drop not much unless big players cash out a lot n small fishes will panic n follow along.. it’s just matter of time.. if can wait then wait lor.. if can’t then earn lesser... but if hard earned money don’t all in, anything could happen in share market!