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present price levels are relatively low I think. But it can move both ways pretty fast. I still have some glove stocks though I cleared out some.
Riverstone is expected to declare some good dividend I understand, that could be an attraction. Not sure how the results will turn out this time round, but since the Boss started buying things should be good.
Riverstone is expected to declare some good dividend I understand, that could be an attraction. Not sure how the results will turn out this time round, but since the Boss started buying things should be good.
I beg a difference. I anticipate a bounce up little than down again....
To see 58c again u need a major bad sentiment. Previously sentiment alrd at the bottom. Now sentiment wither will be flat or goes positive due to news update.
For short term investor, when near feb, I anticipate they will try to accumulate for a push up for riding along the result n dividend annouce.
To see 58c again u need a major bad sentiment. Previously sentiment alrd at the bottom. Now sentiment wither will be flat or goes positive due to news update.
For short term investor, when near feb, I anticipate they will try to accumulate for a push up for riding along the result n dividend annouce.
RichardTeo ( Date: 20-Jan-2022 14:09) Posted:
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TA wise it did touch the support n bounce up a little. Might try to go up slowly to test the resistance again.
Nothing 100%. Make your own decision.
Nothing 100%. Make your own decision.
Yes you are right.
People cannot just keep buying and buying.
I hope this last correction has taught us a lesson of not blindly following the buy signals without taking care what if the reverse happens.
People cannot just keep buying and buying.
I hope this last correction has taught us a lesson of not blindly following the buy signals without taking care what if the reverse happens.
Perhaps one of the reasons why glove stocks are dropping could be due to a weaker general market. People need to sell something to raise money. The pandemic is not over and numbers are rising again , but they claim the vaccines will protect and cases will be mild. The fear factor has been arrested to a large extent now.
When general market recovers, we should see glove stocks move up too.
When general market recovers, we should see glove stocks move up too.
Riverstone is easier to see than Top Glove as there are fewer major players.
Mr Wong' s recent purchases have an average price of 0.67
Today RS fell to 0.69, quite close to Mr Wong' s average price of 0.67
This means if the people who had been buying on the cue from Mr Wong, they would have sold most of the recently bought shares, since there will be some who are holding, not selling.
I dare say today was a good buying opportunity. Tomorrow also another good opportunity.
Even if RS end this week on the low, there is a high chance it will bounce up next week.
Mr Wong' s recent purchases have an average price of 0.67
Today RS fell to 0.69, quite close to Mr Wong' s average price of 0.67
This means if the people who had been buying on the cue from Mr Wong, they would have sold most of the recently bought shares, since there will be some who are holding, not selling.
I dare say today was a good buying opportunity. Tomorrow also another good opportunity.
Even if RS end this week on the low, there is a high chance it will bounce up next week.
I think you have been fooled.
Short sellers don' t plunge the shares like that. They sell small lots.
Whereas the trading this afternoon seems like true selling . Some people got tiggered and cut loss. I hope you are not the one
Short sellers don' t plunge the shares like that. They sell small lots.
Whereas the trading this afternoon seems like true selling . Some people got tiggered and cut loss. I hope you are not the one
RichardTeo ( Date: 19-Jan-2022 15:37) Posted:
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Bro, you are trying too hard like some ppl said.
Do not contra.. this profit making company is good for accumulation.
Do not contra.. this profit making company is good for accumulation.
RichardTeo ( Date: 19-Jan-2022 16:27) Posted:
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Relax... U try so hard we might think u r shorting... 😂
RichardTeo ( Date: 19-Jan-2022 15:37) Posted:
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Agree. My prospective is looks like US market ready to go into a correction due to last 2 year ridiculous rising movement.
Money most likely will be out of those stocks that link to overall market n into something against..
Healthcare is one of the industry especially ppe which accumulate tons of cash. Nothing 100%....
Pandemic situation wise, whats the chance of it get shittier than improving... This is up to individual analyse.
For RS at least we know it have a better defend. It diversify to semicon related product which that industry still booming.....
Stock market not so simple indeed but betting on a fundamental strong conpany rather than a lost making company which worst cash scenario ur money all gone due to bankruptcy....
Money most likely will be out of those stocks that link to overall market n into something against..
Healthcare is one of the industry especially ppe which accumulate tons of cash. Nothing 100%....
Pandemic situation wise, whats the chance of it get shittier than improving... This is up to individual analyse.
For RS at least we know it have a better defend. It diversify to semicon related product which that industry still booming.....
Stock market not so simple indeed but betting on a fundamental strong conpany rather than a lost making company which worst cash scenario ur money all gone due to bankruptcy....
RichardTeo ( Date: 19-Jan-2022 15:18) Posted:
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RS selling both cleanroom and healthcare gloves.
Mgtm mentioned cleanroom gloves ASP are still very good due to strong demand from the electronic or related industry.
The covid pandemic is still ongoing and variants are keeping hospitalisation are at record high for many countries. Filled beds and busy hospitals are driving demands and stabilising ASP for healthcare gloves and PPE. Check out the factories and they should be busy churning gloves to meet extended demands.
CEO is not stupid to buy up more shares on consecutive days few weeks back.
Insiders buying really mean stock price is undervalue and cheap!
Best is do not contra, buy for mid to longer term..
Don't try to anticipate traders movement. Unless your capital can match those funds, try to catch their action will only spell doom. Especially when u try to fight them.
Don't fight the trend they always said. To me trend is what the BB want. Up or down.....
Don't fight the trend they always said. To me trend is what the BB want. Up or down.....
investor999 ( Date: 19-Jan-2022 13:35) Posted:
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someone just got triggered to sell.
I think this might be the last straw for sellers
I think this might be the last straw for sellers
Riverstone sells directly to customers , not through middleman or distributors
The website selling 1000/326sgd which convert to around 240usd. Unless retail price been mark up to 200%, most likely mean asp alrd increase from last report
ksangks ( Date: 18-Jan-2022 18:58) Posted:
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Last Q analysts reported RS CR glove at USD120 per 1000 pieces
marco69 ( Date: 18-Jan-2022 18:54) Posted:
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Sure. Below link is a singapore website. That's retail price. I believe wholesale price lower but will be around there. I did found a UK website which this kind of product difference in 10-20 gbp.
Take that as referencea, cleanroom glove asp could be higher now than previous quarter report.
https://sg.vwr.com/store/product/18887623/cleanroom-gloves-nitrile-for-class-100-iso-5
Take that as referencea, cleanroom glove asp could be higher now than previous quarter report.
https://sg.vwr.com/store/product/18887623/cleanroom-gloves-nitrile-for-class-100-iso-5
ksangks ( Date: 18-Jan-2022 18:37) Posted:
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Can share the clean room glove prices from online you checked here, thank you.
marco69 ( Date: 18-Jan-2022 16:51) Posted:
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RS Result should be in Mar. the result of Feb 22 are all out, RS' name is not in. so shd be in Mar
marco69 ( Date: 18-Jan-2022 16:51) Posted:
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Seen info that many small glove player cease their expansion due to lower asp.
Good thing according to report, RS focus on cleanroom glove expansion.
I briefly search the price of cleanroom glove online n it seen the asp still on the high side.
Most likely earning og RS will maintain healthy. If that's the case, the dividend for full year will be good as RS management have the tendency to reward shareholders(incl themselves)....
Good thing according to report, RS focus on cleanroom glove expansion.
I briefly search the price of cleanroom glove online n it seen the asp still on the high side.
Most likely earning og RS will maintain healthy. If that's the case, the dividend for full year will be good as RS management have the tendency to reward shareholders(incl themselves)....
Longtermer ( Date: 18-Jan-2022 16:05) Posted:
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