Topglove - Glove - Its the same thing over and over again
It seems like people will learn their lessons very hard and very hard indeed.
As someone who has spent their time in the market for the past 5-6 years and outsourcing most of my trading/investing to algorithm, I know with high certainty that gloves are near peak when everyone I know started asking about Topglove and glove stocks.
And then the justifications game begins, "But its a good company", "But the earnings will be good", bla3.
You guys don't understand the game yeah? Stock price moves in ANTICIPATION of good news ahead. Not AFTER good news. Usually stocks price will LEAD, not LAG behind fundamentals.
Is Top Glove good company? Yes. But Market timing is EVERYTHING.
You had the chance to buy early this year when Top Glove break out of its all time high. That was the BEST ENTRY. After that, things get MORE and MORE RISKY and the RISK REWARD ratio NO LONGER payoff.
At this point in time, get ready for some volatility and for more downside. The stock will rebound, most probably making a lower high. The bull market and parabolic will ONLY RESUME upon breaking of ALL TIME HIGH. Until then, treat every rallies with CAUTION and use that opportunities to SELL or GET OUT.
There are plenty of other opportunities in the market. Unfortunately, the risk reward payoff for gloves are no longer attractive versus some other stocks and sectors.
Learn this. Understand this. If not, STAY AWAY from FINANCIAL MARKETS.
Regards.
P/S: Don't message me or don't comment. I don't read and not bother to read.
As someone who has spent their time in the market for the past 5-6 years and outsourcing most of my trading/investing to algorithm, I know with high certainty that gloves are near peak when everyone I know started asking about Topglove and glove stocks.
And then the justifications game begins, "But its a good company", "But the earnings will be good", bla3.
You guys don't understand the game yeah? Stock price moves in ANTICIPATION of good news ahead. Not AFTER good news. Usually stocks price will LEAD, not LAG behind fundamentals.
Is Top Glove good company? Yes. But Market timing is EVERYTHING.
You had the chance to buy early this year when Top Glove break out of its all time high. That was the BEST ENTRY. After that, things get MORE and MORE RISKY and the RISK REWARD ratio NO LONGER payoff.
At this point in time, get ready for some volatility and for more downside. The stock will rebound, most probably making a lower high. The bull market and parabolic will ONLY RESUME upon breaking of ALL TIME HIGH. Until then, treat every rallies with CAUTION and use that opportunities to SELL or GET OUT.
There are plenty of other opportunities in the market. Unfortunately, the risk reward payoff for gloves are no longer attractive versus some other stocks and sectors.
Learn this. Understand this. If not, STAY AWAY from FINANCIAL MARKETS.
Regards.
P/S: Don't message me or don't comment. I don't read and not bother to read.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.