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You should look at $6.50 which was the closed when rights was announced.
$6.50 = $4.40
WhereI ( Date: 24-Nov-2020 21:05) Posted:
Market is retracing the drop from 10 dollars! Not even hit the Fibonacci retracement levels yet...
investor999 ( Date: 24-Nov-2020 21:01) Posted:
| The Market is just retracing the trades done since the melt down from 4.38
I was involved as I bought from 4.35 down and all the way.
While I have many shares bought at much lower prices, there were some bought in the 4.35 ranges.
I suspect we are entering into a trade range between $4.40 and $ 4.00
Any price above or around $4.40 is a sell
Any price around $4.00 is buy.
This is a big range for huge profits.
Funds don't just buy and buy and hold..They trade.
Today's volume is huge..Tells me that all shorts are already covered.
No more power to move up.
I suspect the fall can be rapid to catch many by surprise
AVOID !!! |
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Didn't I warn traders to buy yesterday 4.07 and below?
Didn't I push them to buy this morning even when the price was rising quickly?
And I told everyone to sell at 4.38 and above now.
Next thing - wait for opportunity
investor999 ( Date: 24-Nov-2020 21:01) Posted:
The Market is just retracing the trades done since the melt down from 4.38
I was involved as I bought from 4.35 down and all the way.
While I have many shares bought at much lower prices, there were some bought in the 4.35 ranges.
I suspect we are entering into a trade range between $4.40 and $ 4.00
Any price above or around $4.40 is a sell
Any price around $4.00 is buy.
This is a big range for huge profits.
Funds don't just buy and buy and hold..They trade.
Today's volume is huge..Tells me that all shorts are already covered.
No more power to move up.
I suspect the fall can be rapid to catch many by surprise
AVOID !!!!
Trader130 ( Date: 24-Nov-2020 20:08) Posted:
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The Market is just retracing the trades done since the melt down from 4.38
I was involved as I bought from 4.35 down and all the way.
While I have many shares bought at much lower prices, there were some bought in the 4.35 ranges.
I suspect we are entering into a trade range between $4.40 and $ 4.00
Any price above or around $4.40 is a sell
Any price around $4.00 is buy.
This is a big range for huge profits.
Funds don't just buy and buy and hold..They trade.
Today's volume is huge..Tells me that all shorts are already covered.
No more power to move up.
I suspect the fall can be rapid to catch many by surprise
AVOID !!!!
Trader130 ( Date: 24-Nov-2020 20:08) Posted:
How u know ?
investor999 ( Date: 24-Nov-2020 18:41) Posted:
| Tomorrow SIA may be sold down |
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Yes because there is a strong buying support not just from Mr Wong
zandlery ( Date: 24-Nov-2020 19:42) Posted:
Only glove stock rise instead follow trend....
Reverse? |
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Tomorrow SIA may be sold down
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how to get money if don' t sell?
Paper profit is useless
Starship ( Date: 24-Nov-2020 17:58) Posted:
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I bought SIA from 4.35 in June 2020 to 3.30 in Aug 2020.
I will keep selling above 4.38 to clear all my early purchases.
So even if SIA goes to $4, 4.5 or $5, I will sell
Until I have left with my $3.50
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Company split the shares gives opportunity for players to take profit. If I were holding millions of Riverstone shares, and I am not the owner, why won't I take some profit to rotate to other counters?
It will be very difficult to sell the shares if I have so much.
Unless Company has plans to sell some of these shares from their treasury to raise funds for expansion.
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I am calling others over
SGPhantom ( Date: 24-Nov-2020 15:40) Posted:
Wish more investors have bullets like you, then we have no such dilemma.
investor999 ( Date: 24-Nov-2020 15:33) Posted:
| I also buy every day 50000 and 70000 shares for past two weeks |
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I have managed to push up Riverstone to 1.37
Come on follow me
Trader130 ( Date: 24-Nov-2020 15:30) Posted:
| Everybody hold on to vaccine approval ...and sentiment really good ... I am not referring to the funds btw |
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Up now and we will clear 1.40
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I also buy every day 50000 and 70000 shares for past two weeks
investor999 ( Date: 24-Nov-2020 15:31) Posted:
No reason this counter keep falling if the company CEO buying and some retailers buying.
There is a limit to such selling.
SGPhantom ( Date: 24-Nov-2020 15:29) Posted:
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No reason this counter keep falling if the company CEO buying and some retailers buying.
There is a limit to such selling.
SGPhantom ( Date: 24-Nov-2020 15:29) Posted:
Roger that!
investor999 ( Date: 24-Nov-2020 15:23) Posted:
| Must be patient.
We are reversing
Funds move out and we come in to push u |
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Rotate out and pick up the gloves.
Gloves are more urgent need.
Not travel.
Yes long term I see above $5 but not so fast
investor999 ( Date: 24-Nov-2020 15:25) Posted:
Becareful.
Funds are rotating out now |
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Becareful.
Funds are rotating out now
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Must be patient.
We are reversing
Funds move out and we come in to push up
SGPhantom ( Date: 24-Nov-2020 15:19) Posted:
Almost 1M shares done at 135 (Bid) and still 1/2M shares on Q on top up.
Amazing....
SGPhantom ( Date: 24-Nov-2020 15:06) Posted:
Auto Sell now at 135.
A tough nut to crack indeed. |
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Of course still long.
The line up is not continously straight up.
Funds also needs to take profits..Otherwise only paper gain.
Isolator ( Date: 24-Nov-2020 15:05) Posted:
| Follow the force of direction... long and enjoy the rally... |
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I bought more today at 1.32 and 1.34
SGPhantom ( Date: 24-Nov-2020 14:20) Posted:
Even TG that bore the worst news is now at its intraday high.
So a few ticks up for RS means nothing.
It needs to cross and hold 135, or else it gets shot down again, which usually is the case lately.
I hope I am wrong. And trust me, how I love to be wrong.
SGPhantom ( Date: 24-Nov-2020 14:15) Posted:
Its not just RS.
If you look around, during this same time interval, almost everything in every sector is creeping up |
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It badly needs a correction.
I have bought more of Riverstone to rotate there before I come back again
WhereI ( Date: 24-Nov-2020 14:10) Posted:
Not at all. Who dare short now in non medical stocks? Not even uiop. Many institutional funds pouring in money into this from medical industry. Come end of year, when people get bonuses and got surplus cash from not travelling, they will put money with fund managers. Where do u think the fund managers are then going to invest these huge amounts received from investors? In pennies? No, that was in the early days of the Covid pandemic with medtec, etc...
investor999 ( Date: 24-Nov-2020 14:04) Posted:
| It only goes up because short covering |
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It only goes up because short covering
investor999 ( Date: 24-Nov-2020 14:03) Posted:
Sell at 4.38
Isolator ( Date: 24-Nov-2020 14:02) Posted:
| Just start of accelerating up.... long to enjoy... |
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