SteveTan

Topglove broke 1.65! Do traders contribute to society? 6/May/22

MYX:TOPGLOV   TOP GLOVE CORPORATION BHD
Market Irrationality?! Topglove a cash rich / YOY earning profit stocks Price have broken Rm1.65 previous low! From Rm8.48.. that more than -80%!!! What next?! Look like the next level to build “a base” would be around Rm1.38...So.. what a role could be played be a traders now to based on “supply and demand” “helping” Topglove to have a “fair price”??? People make living in all kinds.. Some are good in talking, some are slow in talking but go deep into detail / analysis..But Society normally praise high those good talker..I have met an uncle who is able to sell a sea dog’s penis ( a myth as a sex boosters) for $1000, with the cost of only $5..Society especially eastern Society Regard Traders as “speculators” dealing with not “touching ground” “tangible assets”..Unlike western society most respect traders as highly sought professional.. ...Conclusion ( from net)..
Stock traders improve liquidity in the market by ensuring a fair price for buyers and sellers. This leads to fairer markets where the company shares rise according to the principles of demand and supply.

Liquidity in the market invests investment that adds value to the economic growth in society. The stock traders play an indirect role in the circulation of wealth in the social hierarchies essential for efficiency.
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