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07-Nov-2021 22:00

Trading Techniques / The Trading Floor

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Well..it will depend on its future earnings. Frankly I don't know. How many years are there to report earnings or will it start to make losses? Tell me: will this company make losses for many years?

wavehunter ( Date: 07-Nov-2021 21:34) Posted:

Bro investor,

Just out of curiosity, where do you expect RS to find a bottom?
And after that, what do you expect RS to do as in how high she can trade back to?
Just curious and would like to know your expectation of this stock' s upside potential.

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07-Nov-2021 19:07

Trading Techniques / The Trading Floor

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So glove stocks are toilet paper now? This is what I understand from you..Any up and be sold down Eventually settled as flat. That is to say glove stocks are on long bear as there are nothing to receive.. Dividends will drop to 0 and that means toilet paper

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07-Nov-2021 16:26

Trading Techniques / The Trading Floor

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Thanks Wavehunter. Let's assume RS has become a retailer stock. BB either sleeping, selling or not interested. Yet the price is falling and falling non stop. Which means there will be panic selling and I think it is happening now. In stock market history this is the best opportunity to buy the lowest and reward is huge. I am not saying I am going to average down. But I will hold and follow the fall Without Buying ie No averaging down. Cos I think this seems to be better strategy for my plan C

wavehunter ( Date: 07-Nov-2021 14:54) Posted:

Bro investor,

What I think may not be what other people think.
And what I think, some will agree with and some wont.
So what I will do is simply to say how I will do it if I am the trader.
Whether what you are doing is " right" or " not so good" ... to me, will depend on which type of market you are trading.
When I say " market" , I dont mean Spore or US or Europe or a place. I mean whatever type of market we are trading
in be it stocks, forex, commodities, indices, crypto, whatever.

When I trade stocks, my starting point is - is it a good blue chip ? Or is it a penny ?
If good blue chip, then BUY & HOLD when the stock has just gone into a deep pullback, retracement or correction and
has turned, and then if that turn is confirmed, add more to average up, is generally workable.

If penny, trade only those which has a monkey in attendance in the driver' s seat. Ignore those which has no monkey.
For me, I wont trade pennys. So I wont explore further into how I would trade a penny stock. But what I am saying is
for those who trade pennys, look for one which has a monkey in the driver' s seat becoz these are the ones which will
move. Becoz the monkey will move it. Your challenge is to figure out which direction the monkey is moving in. Once
you have that answer, you are a winner. Just put your money in the same direction as the monkey and the monkey
will move the price for you in your favour. Ignore and forget about those pennys which do not have a monkey becoz
nothing will happen there. That penny will be like a ghost town - lifeless. However, if you know of a penny which has
been PUMPed & DUMPed by a monkey and he has just left the party, that penny will make a pretty good candidate
for a SHORT trade. A good illustration of this will be all the COVID stocks when their respective monkeys completed
their PUMP & DUMP and left the party when these 4 reached their peaks - Top Gloves, Riverstone, Medtecs and UG.
Just look at their charts and you will understand why it is said that a picture says a thousand words.

.

Since our discussion now is if I am the trader, then how will I do it. How will I trade Riverstone ?
My starting point is to examine the recent history of Riverstone... what she was doing in the last 12 months.
And my investigation would have revealed that she was the victim of a PUMP & DUMP routine and that the monkey has since
run road quite some time ago after reaching the peak. After that, with no more monkey in the driver' s seat, this stock was on
AUTO PILOT mode ... meaning, driven primarily by the buying and selling of retail players only. Which from experience, I know
will mean only one thing - DOWN.

So for me, its very simple. I am not here to save a stock or to demolish it. I am here to make money. And so I will take a deep
and hard look at the stock to see what it is already doing. And my conclusion will be that this stock has been falling and falling.
And that this falling has been happening from since long before I got here. My focus is on making money, not on saving a stock.
I am a trader, not a White Knight. I go where the money is. And the money is in what the stock is already doing and what it is likely
to continue to do. Which from the price action and all other available information, tells me it will continue to fall.

Why ? Becoz this stock is like a house on fire. You know what a house on fire is like - everyone who is inside, wants to get out.
People who are outside, dont want to go in. Meaning you will see outflow, not inflow. You will see selling, not buying. The only
buying we will see is mainly shortcovering (which is not real buying) and from small pockets of bargain hunters who in time,
and very shortly in time, will come to learn that they bought the wrong stock just like the bargain hunters before them, lots of
them in fact. All those bargain hunters who bought from above $2.00 right down to 80 cts... all found out within a very short
time that they bargain hunted the wrong stock and became stuck. The savvy ones amongst them cut loss and lost a small
bit of their capital. The not-so-savvy ones held on and are still carrying their by now huge paper loss. And nothing has changed
for the better for this stock. In fact, the fundamentals have changed for the worse. Going forward, this stock wont see those
record-breaking supernormal profits of 2020 and 2021 anymore.

All things taken into consideration meaning...

- the deteriorating FA of this company
- the bearish price action
- the bearish TA - this stock has been on a steady and unbreakable downtrend for the last 14 months.
- the deteoriorating sentiments surrounding this stock - more and more of those vested are falling into despair and giving up.

Given the above, what sensible conclusion can I come to regarding the direction of this stock other than the inescapable and
undeniable conclusion that more likely than not, this stock will conitnue to go down.

Once I come to this conclusion, if I want to trade this stock, then prudence and good sense tells me the place where I should
put my money is the place where she is already heading - DOWN. And with that, if I want to trade this stock, I wont be using
a BUY & HOLD coupled with add more to average down strategy. I will see if there is a bounce and if so, I will follow it up and
wait for it to fizzle out. Then SHORT it. From the time I posted my views at RS thread and suggested this method to trade her,
there were multiple bounces. The highest was 1.59. And then each subsequent bounce ended lower and lower and lower.
Just look at the chart below which shows her recent bounces. Isn' t it true that a trader who SHORT into all those bounces would
by now have HUAT Ka Tua Khee Seow leow.

.

This is how I look at it.
And after studying the chart and observing the price action, this is my take.
To agree or to disagree is completely your prerogative.

investor999 ( Date: 07-Nov-2021 13:05) Posted:

Let's described what happened and see if cut loss and average up works.

1) RS fell and I sold half at 0.89 which realised 400k losses
2) I held on the other half and when support seems firmed I averaged up to 0.905..I posted my buy and telling everyone I am supporting. ( stupid right and people just shorted me 0.89 )
3) Now RS crashed to 0.80 and I should cut loss.
4) Then wait for support to be firm then buy up..According to people RS should fall to 70 cents.
5) So I now only have 1 / 4 of shares and suppose to wait until 70 cents.

Bro's correct or not ???

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07-Nov-2021 13:05

Trading Techniques / The Trading Floor

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07-Nov-2021 12:38

Trading Techniques / The Trading Floor

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I see. You are trained cut loss every time stocks go down and buy average up when go up.

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07-Nov-2021 10:44

Riverstone / RIVERSTONE HOLDINGS LIMITED

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If you read my post you will know I still have RS shares..So the question whether I still have shares after margin call seems to ask me how many shares.

I might have sold cut loss or bought more. It is my cards.

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07-Nov-2021 10:30

Trading Techniques / The Trading Floor

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I have more eggs and gun powder

fatpanda ( Date: 07-Nov-2021 09:58) Posted:

Wow! Losing 400K is quite a big amount of money. Hmmmm.... on one stock RS only? If yes, then, your investment stle might need to be reviewed because the golden rule on investing.....

Do not put most or all your eggs in one basket.

Panda also incurred such amount of losses before, and, it need long time to recover your loss.

wavehunter ( Date: 07-Nov-2021 01:45) Posted:

Bro investor,

I am sorry to hear of your 400k loss.
Just curious. Do you use a stop loss when you trade/invest?
And I was thinking...
If all your positions in RS.... same quantity....same price....same date and time of opening....
all those hundreds of lots you had........................ were SHORTs.
Then how nice.
Then you really Ho Say leow.
Looking at the way she is falling...
Looking at the way more and more people are giving up on her...
I do see 70 cts is on its way.
But it wont stop at 70 cts.

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07-Nov-2021 10:20

Riverstone / RIVERSTONE HOLDINGS LIMITED

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You shouldn't be asking me how many shares I have. Use your own judgement.

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07-Nov-2021 10:00

Riverstone / RIVERSTONE HOLDINGS LIMITED

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Follow it down

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07-Nov-2021 07:52

Trading Techniques / The Trading Floor

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Unfortunately no sir.
Otherwise I would have not lost so much.
But as you said before, things do not happened the same way again as people have already learned.
So now my plan B is in place.
Ie to buy back at 0.80 to 0.81 those I sold at 0.89

wavehunter ( Date: 07-Nov-2021 01:45) Posted:

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07-Nov-2021 01:33

Riverstone / RIVERSTONE HOLDINGS LIMITED

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I am not 庄家 .

My aim is only to find the bottom

ksangks ( Date: 06-Nov-2021 22:18) Posted:

Agree , unless people who just want to buy little . Buy big need financing for sure . Are you still holding any RS after margin calls ? Thanks .

investor999 ( Date: 06-Nov-2021 15:01) Posted:

Yes be prepared..Tell me who doesn't borrow?
Rich man doesn't need to be here

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07-Nov-2021 00:52

Trading Techniques / The Trading Floor

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Cannot trust the Chng Kay.

Find the Top or Bottom

fatpanda ( Date: 06-Nov-2021 23:40) Posted:

看懂了这个，你再去炒股；股市暴跌，为啥散户炒股票总赔钱 ?

https://youtu.be/g-wCpEZBEdw

Interesting...

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07-Nov-2021 00:29

Trading Techniques / The Trading Floor

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Bro Wavehunter:

Thank you for your insight.

Yes I understand I alone could not hold the falling stock.

Luckily I have a plan B and working on it.

If RS really drops to 70 cents if might be better for me

wavehunter ( Date: 05-Nov-2021 17:04) Posted:

Bro investor,

You did what you could.
But there just isn' t enough of you.
And you alone..... try to hold back the tide and reverse it ? Cannot one lah.
To do that, you will have to be a monkey yourself.
Just like the monkey who did the PUMP & DUMP in 2020.
How can you do that ?
It will require alot alot of your resources.
And if your action cannot generate enough buying interest from traders in this part of the world to chase this stock and help you
to push it up, then your mission will fail as well. And at great cost to your finances. It will be a purely self-sacrificial act.
You need to seriously think of your Plan B now.
And save yourself.
All the best, bro.

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06-Nov-2021 15:01

Riverstone / RIVERSTONE HOLDINGS LIMITED

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Yes be prepared..Tell me who doesn't borrow?
Rich man doesn't need to be here.

beng1102 ( Date: 06-Nov-2021 15:00) Posted:

Sorry! If I was mistaken. I did not say don' t borrow at all. What I said is one can borrow to buy some shares but not a huge quantity of shares. Always be ready enough cash to top up the margin.

investor999 ( Date: 06-Nov-2021 14:35) Posted:

Sure of course. I want to share my tale of losses to warn people I actually lost 400k in 1 week when RS fell from 1.16 to 89 cent. Not paper losses. Actual losses that I had to pay. Don't know how I survived that. Oh my God! And now the short sellers are doing again. I see this fall another move by short sellers to force sell margin holders Terrible and unfair. Margin holders actually used money and paid for margin loans..Mind you they pay interests..They don't borrow free. Think about it..Short sellers also borrow and they also pay interest. So why should the short sellers be more Saint then margin holders

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06-Nov-2021 14:35

Riverstone / RIVERSTONE HOLDINGS LIMITED

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beng1102 ( Date: 06-Nov-2021 14:25) Posted:

This had shown why people should not use share financing scheme to buy a lot of shares. I think they have over committed and bought too many shares. Those who have real hard cash will be the ultimately winners.

investor999 ( Date: 06-Nov-2021 14:03) Posted:

Ever tried to sell because of margin calls in Riverstone.
When I place my sell, there is always someone who try to sell before you. And it went on.
The more hesitant you are the lower the prices went down. Until you are forced to sell lower and unwillingly.
And the value of shares you have to sell is like 3.5 times and then next day the value of your shares went down and you get another margin call again.

Somehow the margin calls never end

So last Friday probably the same happened. Some people found themselves trapped in never ending margin calls. This drove away many investors and some investors even have no choice but to short sell themselves to survive. That means they threw away their shares down and waited to collect lower. In the process they still have to pay for their losses and they sell again to pay the losses

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06-Nov-2021 14:03

Riverstone / RIVERSTONE HOLDINGS LIMITED

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beng1102 ( Date: 06-Nov-2021 09:34) Posted:

The married deal at 5.7m @0.83 simply indicates that big buyer is willing to buy around $0.83. Why would anyone short change oneself by selling far below? Unless very stupid. Surely anyone who wants to sell and have a little patient can sell above 0.80. So look at the data and don' t panic sell and regret later.

ksangks ( Date: 06-Nov-2021 08:16) Posted:

Short to press down the price so that they can cover back all outstanding open short positions ?

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05-Nov-2021 18:48

Riverstone / RIVERSTONE HOLDINGS LIMITED

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Don't worry.

Scarycat ( Date: 05-Nov-2021 17:46) Posted:

I bought at very high and held till now. But please don' t brand investors like me as stuckists. It hurts.
I read the comments from bro wavehunter and bro Luzern.
I honestly don' t think they have ill intentions. Just different views about the counter.
Existing holders are concerned they drive away RS supporters. The 2 are worried newcomers get stuck.
So nice gentlemen from both sides have more debates, and sometimes become not so nice.
Lighter touch to deliver the messages will be nice. No stockists, no liars, or other hurtful words. Can or not, gentlemen?

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05-Nov-2021 17:07

Riverstone / RIVERSTONE HOLDINGS LIMITED

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It CFD for long shorts. So outstanding shorts no meaning

Luzern ( Date: 05-Nov-2021 17:01) Posted:

I do not think that will work. the net shorts positions are very very small. Can check with MAS and SGX data.

investor999 ( Date: 05-Nov-2021 16:53) Posted:

All because of short selling lah.

Buy. Very simple.

Make them pa

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05-Nov-2021 17:05

Riverstone / RIVERSTONE HOLDINGS LIMITED

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Probably left hand and right hand again

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05-Nov-2021 16:59

Riverstone / RIVERSTONE HOLDINGS LIMITED

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We are fighting 💪

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