Top Glove - Glove Mania - RM 20 in sight and then we will see
Anyone who thinks that they for 100% certainty knows what is going to happen to market is foolish.
Market is about probability and putting things in favour of yourself.
Thanksfully Malaysia is one of the top glove makers in the world, so, we have the chance to make some big money here while foreigners only recourse is to buy Top Glove in Singapore Exchange.
Lessons that I learnt from parabolic moves and advances, you need to ride the thing up and exit only when it is telling us to do so. Yeah, it was a gamble but that's how you can and become rich.
You don't make money from short term moves, you make money from LARGE and BIG moves. There will be corrections here and there. Corrections are just corrections.
Top will be in when it is going parabolic or when it made a major top or double top or triple top.
At the moment, we don't know yet how high this stock or glove makers can go. With some estimates are saying that Top Glove will net in RM 3 Billion in Profit for 2021, putting a conservative P/E of 30, that will give market cap of RM 100 Billion, the biggest company in Malaysia with price of about RM 38-40.
That should be the major top, anything above that is clearly a bubble and then we will see a catastrophic 50-80% corrections. That's how market works.
Regards.
Market is about probability and putting things in favour of yourself.
Thanksfully Malaysia is one of the top glove makers in the world, so, we have the chance to make some big money here while foreigners only recourse is to buy Top Glove in Singapore Exchange.
Lessons that I learnt from parabolic moves and advances, you need to ride the thing up and exit only when it is telling us to do so. Yeah, it was a gamble but that's how you can and become rich.
You don't make money from short term moves, you make money from LARGE and BIG moves. There will be corrections here and there. Corrections are just corrections.
Top will be in when it is going parabolic or when it made a major top or double top or triple top.
At the moment, we don't know yet how high this stock or glove makers can go. With some estimates are saying that Top Glove will net in RM 3 Billion in Profit for 2021, putting a conservative P/E of 30, that will give market cap of RM 100 Billion, the biggest company in Malaysia with price of about RM 38-40.
That should be the major top, anything above that is clearly a bubble and then we will see a catastrophic 50-80% corrections. That's how market works.
Regards.