If you refer to my previous post about my recommended glove maker companies, you should have notice how glove maker companies perform during these correction period. They are just too good to buy/hold.
All the glove makers share prices are rising steadily despite the index correction and most of the shares are falling. Why? It's just very simple. These companies just continue to make a lot of money, by improving the capacity, productivity and efficiency, with the extremely high global demand from the H1N1 pandemic outbreak.
Just confusing me is that, I suppose the leader like TopGlov or Harta should be rising the most. But unfortunately, the laggards are rising the most, because people just like to fry their share price, like Adventa and Latexx. Let's see how long they can last.
With TopGlov announced it's latest quarter profit of nearly 100% than previous year quarter, it prove the extremely strong demand is still there. I believe this will continue until the end of 2010, or perhaps H1N1 outbreak is completely over. May be before the end of H1N1, there is another outbreak require the supply of glove again? It is possible, folks.
In conclusion, I will continue to keep my glove maker stocks and let the profit running, while tightly monitoring their movement. I will also try to clear out some non-performing stocks at a better price, and enter additional lots in my favorite glove maker stock soon.
Happy investing.
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