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China glove maker have no reason to continue in the low margin glove business. They are selling old stocks at large discount and will not be producing new stocks. Therefore in the next 12 months, APS should increase. Since institution are investing for the long term, the price now will be their entry price. Dont read too much into the news, everyone know what will happen 3 months ago. There is no panic among the fund managers. The one who panic is the one who read the newspaper 3 month ago and newspaper yesterday. Btw tomorrow is a good time to buy Topglov.
@TN ok got it. TG still going downward so better stay aside first? dialog has rebounded compared to dip at 1.45 last few days, now still in time on board?
@TN got it. thanks a lot. shall monitor TG closing today and tomorrow. usually we start jump in after 3rd day diving? this is to prevent catch the falling knife am i right?
Basically, you are looking for support. When buying downtrending stock, never all in. Use max 5% capital to test the water. If rebound confirm only use both feet, 10%