Glove stocks are no hype
Glove stocks are unlikely to reach 2020 highs as the prices will have to increase 10x. For that to happen, Covid-19 will have to happen all over again. While it's true that demand for gloves and PPE stocks are not very high and glove companies will only be profitable in 2H2024 or 1H2025, the play is on recovery.
It's no hype that earnings have bottomed and net profits and losses have improved every quarter. Glove stocks have been rallying the past 2 or so weeks. It's not just the past few days. Medtecs and UG Healthcare have gained 107.3% from swing bottom to swing top. It would be a disaster if you missed profiting from these stocks.
If you enter now after such a huge rally, it will be a very big risk as they may start to correct.
If you 见好就收 and just made 5%, you will have to to make 21x more transactions to earn the same profits I've earned. You need to work 21x harder. This is highly inefficient. I trade smart, not trade hard and maximise profit 利润最大化. Follow me if you want to learn the correct style of trading.
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Biff : Sorry, But, I'm not supporting Covid-19 returns so I can make money.
bullrider_21 OP Biff : If Covid-19 doesn't happen again from the start, you'll have doubled your profit. If it does, your profit can be 10x on top of that.