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Why now suddenly up so much? Because people Sell off gloves share? Qr out, bank stocks should drop because profit drops. But I guess not many people care about that? Because they want to invest for long term. Bank stocks will rise as economy bounds back whereas glove may drop? Please enlighten me
You are right!! It’s exactly the theory! But see what’s your strategy loo, now economies still quite bad, NPL so much and can’t see the light yet, so for me my price 2.9x suddenly people push up then I TP first, nothing to support this price, so I predict will drop back again, I’ll buy back at lower price until I see market stable then only I keep for long term...just personal point of view. Cheers...
Actually no one can predict market sentiment. Is more to personal TP and or portfolio to maintain. Financial results is mere benchmark on how the company doing but in share market it stills very much on willing buyer willing seller, trend followers and institutional investors strategy. We buy ciput..... market wont move an inch. Institutional wallop by millions.... it only creates the momentum.
Anson stay positive is good but it might not turn out as you expect in near future, uncertainty seen in 1Q21 probably drag till 2Q21. Possible below 3 again