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Although I cut lose Kossan at RM5.80 and shift all my fund to other recovery stock, I plan to invest in Kossan and other 3 major glove stock (Supermax, TG,HT) as long term investor when glove production normalised at the day WHO declare covid 19 no longer a threat to human being. Happy investing. Cheers.
Just forcefully cut loss only. Since everyone is saying downtrend and no hope, so it must be really hopeless. Tp2.50 within 2months and Tp1.00 within 6months.
TP RM1 is not possible. Advisable for those who wish to become Kossan long term investor, let's observe Kossan when the glove production become normal. Estimated 5% growth for glove manufacturing yearly without considering global competitor, Kossan is still a good stock to invest. In 2023, the stock price will return to normal range. That time is a good enter point for long term investor. Cheers.
To all my friends, short term trade glove stock carefully, don't be too greedy like me few months ago until need to cutloss for Kossan at RM5.80 when I have chance to take profit at RM8. Plan your profit taking stage and be discipline. At current price, glove stock not recommended for long term investment as the ASP and glove production will return to normal in future. All the best all short term traders. Cheers.