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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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Bro Wavehunter:
If you read my other post, you know I am not pushing up the prices but supporting only. I had pushed up a counter before in 1993 to 1998, only to realise there were no other buyers. I understand. Rest assured it is not as you described. If according to your description I will be caught for share rigging in pump and dump
wavehunter ( Date: 15-Oct-2021 20:01) Posted:
Bro investor,
What you are doing - singlehandedly defending and supporting the stock price starting from 88 cts is admirable.
The question is how much more are you willing to put in to support the stock price.
To support the price requires a sizeable amount.
To push the price higher will require even more.
I believe it will require alot alot of your capital.
And surely, there is also a limit to how much capital you are prepared to set aside for this mission.
Bearing in mind the numbers you have been seeing in the SELL queues, how high can your capital push the price to?
And that is not all. When your buying stops, the price will stop advancing. And this stalling will be apparent to all who are watching
this stock like a hawk. What will happen then ? Those who have given up and waiting for the bounce to end will come out to sell.
And those who are waiting for the bounce to end to SHORT this stock will also come out to hantam her. Are you prepared to absorb
all their selling ? If you are not, and I see no reason why you should, then you will have a price avalanche at hand and unless you are
fast enough to throw back, all those lots you have bought... those higher and nearer the end of the bounce... will all be buried under
the avalanche. For someone doing what you are doing, pushing the price up is one thing. Supporting it in the face of heavy selling
and overcoming the selling by pushing the stock even higher is quite another thing. And I dunno if you are prepared to do that. |
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If most people have not bought back and today is chng Kay churning and take profit, then we have a chance.
Don't buy more then you have sold.
The moment more shares are in your hand and not chng key's you know you have been conned
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Until now we are still not sure what the Chng Kay will do.
He could have bought up to dump
OR he is truely going for long.
Fundamentals are not there, I wonder how are we going to move up
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You must know there are only fixed number of tradable shares.
You can't own most of the shares. Let other people own the shares.
More people own the shares the better because you can't force down the shares if you are only a minority holders.
The BB is EPF who sold at $1 and didn't buy back.
They are the ones who dump
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You must first know how the short sellers play.
Key is CFD shorts. Borrow shares is expensive.
They leverage their short sell down. With each fall, they have more funds gain in CFD to short more.
The share holders and margin account holders are worse hit.
The worse is margin holders. Share price adjusted down ex dividend.
Your margin took a big hit yet your dividends are not in.
This drives the share price down because you cut loss.
They sell Q behind you and you are the ones driving your price down.
In order to counter them, you need to play the opposite. Cut your margin if have to. Switch to CFD long. Then you have more leverage to counter the fall
PhillipTan ( Date: 15-Oct-2021 18:49) Posted:
I first bought at $1.51
Then recently at $0.885
Still very difficult to average out, still paper loss even if hit $1.20
How to get out? Scratching my head...
investor999 ( Date: 15-Oct-2021 18:39) Posted:
No one will help you and you have to help yourself.
If your cost price is too high, you need to average down - If you have $1.20 + $0.91 = $1.055 x 2
Only then you can get out. Otherwise you have no chance.
Don' t wait for BB to buy. It will be too late |
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If you read my postings in Investshare, you will know that I am the one who call the bottom at 0.88.
It is not without reasons.
I am the one buying from 0.88 and up to now.
If all of you are sitting to watch and worse still throw your precious stocks away listening to those analysts and reading charts and news, then all my efforts will be gone.
Because I can sell everything to plunge RS to 0.66..If this is what you like to see.
I have already made my gains with SIA, no sweat for me to cut loss here.
So this is a warning.
You either stop your selling, start buying back OR I will dump
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No one will help you and you have to help yourself.
If your cost price is too high, you need to average down - If you have $1.20 + $0.91 = $1.055 x 2
Only then you can get out. Otherwise you have no chance.
Don' t wait for BB to buy. It will be too late
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I am one of those crazy persons who buy from those who throw as rubbish
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Also I am concentrating by trades only on buying up RS. Hope this helps.
So the sellers soon have no shares to sell
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You know why it is up. Because I buy up. I buy seller's price.
I Don't Q.
I am determined to keep buying up
investor999 ( Date: 15-Oct-2021 16:34) Posted:
Yes that is the reason this stock goes down because you read the price action.
But we trade differently.
I don't Q. But buy up.
Next is we are fighting the trend. I hope it is getting some results soon
wavehunter ( Date: 15-Oct-2021 16:12) Posted:
One observation about this thread.
My postings here speak of the bearishness of this stock and my views are supported by charts and actual price action.
And the people here repeatedly " said" my postings are not useful to them.
Yet the weakness of this stock persists and the price is unable to recover and is heading south.
My views about this stock and actual price movement of this stock are in sync.
Yet my postings are not useful. Funny. 
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Yes that is the reason this stock goes down because you read the price action.
But we trade differently.
I don't Q. But buy up.
Next is we are fighting the trend. I hope it is getting some results soon
wavehunter ( Date: 15-Oct-2021 16:12) Posted:
One observation about this thread.
My postings here speak of the bearishness of this stock and my views are supported by charts and actual price action.
And the people here repeatedly " said" my postings are not useful to them.
Yet the weakness of this stock persists and the price is unable to recover and is heading south.
My views about this stock and actual price movement of this stock are in sync.
Yet my postings are not useful. Funny.
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Bro wavehunter:
No matter how it is put, you can't deny glove sector is down.
Very very down. Correct?
The rest is market to decide.
For every seller there is a buyer
wavehunter ( Date: 15-Oct-2021 12:20) Posted:
Bro investor,
My take is different.
It is not about pandemic getting worse or flattening out to become an endemic or whatever.
And it is not about whether demand for gloves will rise or fall or go back to pre-pandemic days.
And contrary to common misconception, it is not about the company' s earnings too.
If there is indeed a direct and immediate co-relation between earnings and stockprice, then given her supernormal record-breaking
earnings in 2020 and 2021, this stock should be trading at $3.00 already. But is it ?
Like I said, it is not about fundamentals.
It is all about whether a monkey wants to come back to play this stock up.....OR..... whether funds, institutions and high net worth
retail investors (together called Tua Phows) park their hot money in this stock the same way they are doing it for banks, REITs and
the better STI-component stocks. For a stock to move and rise, you need lots and lots of hot money to flow into it. Only a monkey
or Tua Phows can provide that kind of hot money. Retail buyers from here and elsewhere all put together, their buying power is like
one pail of water when poured into an ocean cannot raise sea levels. So in the final analysis, when retail players buy, you can see
a small bounce here and there. But that' s all. You wont be able to see a good run. Unless the monkey comes back or Tua Phows buy.
Riverstone is not a great stock to park money in. There are so many other much better BUYs. So Tua Phows wont be coming. Dont
count on it. Imagine you have $5m to invest in stocks. Will you park alot of your $5m in Riverstone? Or you feel more at ease to park
your money somewhere else ? Your answer to this will tell you how other Tua Phows are thinking too if they are looking for a stock to
park their millions in.
investor999 ( Date: 15-Oct-2021 10:39) Posted:
| Wavehunter bro.
I see it differently.
With each lower smaller bounce less people buy more people sell but we also see the graph flattening.
The last fall from 1.13 was the final straw for some who sold and not buying back.
This is called bottoming.
How long it will last. I don't know.
But it seems to say pandemic is over. Back to normal life. No gloves are needed.
Throw all your gloves away |
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Wavehunter bro.
I see it differently.
With each lower smaller bounce less people buy more people sell but we also see the graph flattening.
The last fall from 1.13 was the final straw for some who sold and not buying back.
This is called bottoming.
How long it will last. I don't know.
But it seems to say pandemic is over. Back to normal life. No gloves are needed.
Throw all your gloves away
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We may break $6 soon
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Borrowing a phrase from wavehunter bro
Trade what you see and not what you hope to see
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Reversal starts today.
Too negative on gloves already as glove companies going bankrupt.
If glove demand so poor like prepandemic, might as well say gloves not needed anymore
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Even though we think SIA may fall today, it may do the unimaginable by surging beyond your wildest dream.
Do not, repeat, do not place any see Q today.
SIA may surge extremely high today
RL16EGG ( Date: 14-Oct-2021 16:56) Posted:
ok, on stand by hopefully get at 5$.
investor999 ( Date: 14-Oct-2021 16:50) Posted:
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Tomorrow SIA will plunge
RL16EGG ( Date: 14-Oct-2021 16:47) Posted:
i expect correction.
in your view , the panic fall will lead to what price , 5$?
investor999 ( Date: 14-Oct-2021 16:20) Posted:
SIA share price will spring a surprise.
While I bought in at 5.48, I do not think this is a spring board for the next momentum.
We need a panick fall before a up up. Like a spring |
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SIA share price will spring a surprise.
While I bought in at 5.48, I do not think this is a spring board for the next momentum.
We need a panick fall before a up up. Like a spring
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