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Time to buy.
Buying from 5.45 to 5.47
TradeExpert ( Date: 20-Oct-2021 09:06) Posted:
Retracting back towards $5.
Let' s see if buyers will come in back to defend the prices too support the prices at $5.55.
DYODD |
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Exactly 1 year ago, Top glove peaked and continued to be high in October 2020 until it plunged in Nov 2020.
Why I am so confident is because the root problem lies in Top glove.
And I see Top glove reversing and making highs in Nov 2021.
You still have 2 weeks to collect glove stocks
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Tik tak bro divided the charts into two parts.
I think he had placed the line too early.
The division line should be somewhere at 0.88
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Wavehunter bro:
You have a bias too. You look at the past of the chart to see its future.
So it is self fulfilling as the highs are lower than the previous high.
I look at the bottom and see the bottom is firm.
Unless you can tell me the lows are lower than the previous lows.
So if you are not biased and be forward looking, you should see the chart is rising
wavehunter ( Date: 18-Oct-2021 22:37) Posted:
A classic example of confirmation bias and its effect on the person suffering from such a bias. 
The correct thing to do is to challenge my claim about the stock price and say its not true the High in 2021 is lower than the
High in 2020 and then show proof that the High in 2021 is higher than the High of 2020 and that the 2021 Low is higher than
the 2020 Low. But ofcoz you cant do that becoz it is true the 2021 High is lower than the 2020 High and the 2021 Low is lower
than the 2020 Low. So instead of facing this hard truth and being objective with this data, confirmation bias makes you ignore
this fact as you have no objective basis to explain it away and yet still come to the concluson based on analysis and sound
reasoning to make out a case that Riverstone is a stronger stock in 2021 than in 2020. Becoz the reality is.... that is not true. |
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Of course still supporting
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How can I one person support the fall.
Surely there are others who are buying up.
Those very " ti kee" die hard better rethink their strategy
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Wavehunter bro probably sense there is continual selling.
I will heed his advice and wait to see.
Should be obvious soon
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There is a seller who kept selling.
Hold and wait till he dump all
msksmsks ( Date: 18-Oct-2021 15:21) Posted:
Hi Folks,
Don get me wrong as if I'm challenging someone whom hv a different opinions as mine. That was not my intention.
I respect all forumers contributions be it bearish or bullish views as long as it's constructive and beneficial to all.
But keep talking down a stock relentlessly and proclaimed no vested interest really suspicious and unwarranted. .. Any matured and experienced person wl know tat.
Even I've vested interest , my contribution in postings pale comparison with bro wavetrader.
It's not about money , ego or pride. It's abt conviction that I had with RS. I put $$$ where my mouth speaks.
I see value in RS for current pricing after prolong decline as opposed destruction in value...
We wl know who's right or wrong
Only time wl tell
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If anyone is convinced of a coming reversal, will keep accumulating.
The best profits are made from accumulating at the bottom and slowly releasing as it rises.
Nowadays don't be a hero momentum trader.
I know you like to average up but you end up holding the baby as people dump to you.
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I am sure with your experience you know that in stock market, when the going is strong it can be wrong. The downstream tide had been strong but for how long?
I see the flow is trickling to a stand still.
Then we will see a reversal.
wavehunter ( Date: 18-Oct-2021 10:50) Posted:
Bro investor,
Dun pump more money into this stock.
One swallow never makes a summer.
There are not enough of you.
And you alone is simply not enough.
The tide is against you.
What you are doing is you are trying to swim upstream.
But you see, you are not a salmon.
.
investor999 ( Date: 18-Oct-2021 09:29) Posted:
| My exchanges with other players seems to indicate they don't believe glove will recover and they continue to short |
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My exchanges with other players seems to indicate they don't believe glove will recover and they continue to short
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庄 家 （ The Banker )
能 影 响 金 融 证 卷 市 场 行 的 大 户 投 资 者
ROUTE66 ( Date: 16-Oct-2021 22:16) Posted:
Who is Chng Kay ?
investor999 ( Date: 15-Oct-2021 21:00) Posted:
| This chng Kay pushed up from 5.39 to 5.60 to take profit.
Many of us also took profit. So it is not as you imply up and back to square 1.
We won't see $5.
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Don't worry
Confidence is returning.
RIVERSTONE is well liked by some people.
They are just being cautious to buy.
Investors will come back.
ksangks ( Date: 16-Oct-2021 10:16) Posted:
Bro investor999 ,
I think we have to think of a strategy to reach out to as many stake holders to hold or even to buy more , so as to kill the shortists .
I have written to the company , and requested them to do something .
investor999 ( Date: 15-Oct-2021 21:26) Posted:
| My postings revealing my positions and plan is to open to current shareholders to give confidence. And warn not to be eaten up by short sellers covering short positions. |
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My postings revealing my positions and plan is to open to current shareholders to give confidence. And warn not to be eaten up by short sellers covering short positions.
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Previously Mr Wong bought RS and I calculated his average bought price was $1.47
He did it to give confidence to his shareholders that his company is worth so much.
I don't see any insiders selling except EPF and that was only 284,900 shares
So we can conclude that shares price is artificially held low
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This chng Kay pushed up from 5.39 to 5.60 to take profit.
Many of us also took profit. So it is not as you imply up and back to square 1.
We won't see $5.
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Usually bottoms are a few bounces like the triple bottom.
Gloves seems different..It is flattening.
Yet short sellers kept shorting and calling low low prices.
Something must break right?
We are not in a forgotten sector.
Down in Malaysia people kao peh kao bu. And Big boss buy to support his top glove.
RS will respond as well.
Let say RS fall in response,.I will hold. It can go down and can go up too.
I hope I am not seeing the wrong bottom
wavehunter ( Date: 15-Oct-2021 20:40) Posted:
Bro Investor,
People will stop selling if they feel there is still hope for this stock.
And the surest way for them to feel hope is if they see people buying this stock.
And therein lies the problem - there isn' t much buying.
You said it yourself that you are supporting the price only, not pushing it up.
Hence at best is the price will stop falling. But the price wont advance.
And this presents another problem - the price not advancing at all will cause hope to fade away.
And with that, more selling will surface.
Which then leads to you - are you prepared to keep buying to support the price ?
Since you are supporting the price only, and not pushing it, you are hoping that whilst you buy enough to support the price,
others will also buy to push up the price. Then you can get out. But are others buying ? Are there enough of them to buy
to give the price a lift ? For that, we can look at the chart and what it says is that her bounces are getting smaller and smaller
and smaller. People who were conned to buy in the earlier bounces have learnt their lesson not to chase in subsequent bounces.
investor999 ( Date: 15-Oct-2021 20:25) Posted:
| Bro wavehunter:
Surely you know there must be a bottom for any share.
I hope not to be wrong..If not I will lose alot of money.
Yes to hold the bottom require patience..It can take weeks or months..I hope not top long |
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I suspect so. They are selling. So cannot buy
RTan90 ( Date: 15-Oct-2021 20:40) Posted:
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Someone just posted in Investshare he shorted RS and target 0.70
So there are short sellers and they are getting very brave.
It is time we teach these people lessons.
You think they cover shorts? No they increase their shorts.
So who do you he hope to buy from?
From people like us cutting losses.
You have to stand firm
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I had single handedly supported SIA shares through its bottoms.
It can be done
investor999 ( Date: 15-Oct-2021 20:25) Posted:
| Bro wavehunter:
Surely you know there must be a bottom for any share.
I hope not to be wrong..If not I will lose alot of money.
Yes to hold the bottom require patience..It can take weeks or months..I hope not top long |
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