Koon Yew Yin 26 July 2020
As I always say a picture is worth a thousand words. The 2 pictures show that the price of 100 Nitrile gloves shot up from 14.99 pounds to 18.99 pounds, 13% increase in 17 days in UK.
The price increase is pure profit because it does not involve production cost. Based on this rapid price increase, all the glove makers should be making more and more profit continuously until Covid 19 pandemic is under control. That is why all the glove makers share prices are going up higher and higher.
It is still not too late to buy glove stocks.
When can a vaccine be used?
Currently Vaccine is being tested on a few volunteers. Later it must be tested on several hundred of coronavirus sick patients. Then it must be tested on ordinary people who are not sick. Many scientists predicted that it will take at least another year before a vaccine is finally approved by FDA.
Currently there are 16.236 million Covid 19 cases and 649,156 deaths. These 2 figures are still rising as shown by the above charts. As a result, the demand for gloves will continue to exceed supply and glove prices will continue to go up higher and higher.
Based on this new information, all glove shares should go up higher and higher. I hope this article will help investors to make good decision to make more money. The best strategy is to buy and wait patiently until Covid 19 pandemic is under control.