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Contra traders cut loss causing shares to drop lah
Midtermer ( Date: 23-Jun-2021 08:31) Posted:
we cannot dictate how people invest or trade so only buy after dyodd. TA wise RS has been following the RSI chart nicely and rebounds once it hits low 30s / high 20s. I believe will rebound really soon if still believe in gloves FA story. As always dyodd. Be responsible for your own trade and no point blaming contra traders.
investor999 ( Date: 22-Jun-2021 23:13) Posted:
Riverstone holding repeatedly hit 1.50 and fall back.
All the 1.50 I BOUGHT AND HOLD, only to have the counter shorted down by contra players who took profits.
I became the fool to supply money to you.
Now you see why it could not break 1.35. Because I refuse to be the fool anymore. Now I want you to sell |
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I Don't sell and don't buy
simpleguy123 ( Date: 23-Jun-2021 08:04) Posted:
So I take it your earlier $1.50 HOLD Plan failed?
But how does their selling help you? Didn' t you just said you buy and hold at $1.50??
investor999 ( Date: 22-Jun-2021 23:13) Posted:
Riverstone holding repeatedly hit 1.50 and fall back.
All the 1.50 I BOUGHT AND HOLD, only to have the counter shorted down by contra players who took profits.
I became the fool to supply money to you.
Now you see why it could not break 1.35. Because I refuse to be the fool anymore. Now I want you to sell |
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My greatest fear is unravelling
May crash
PhillipTan ( Date: 23-Jun-2021 01:17) Posted:
If in your opinion, that the counter can' t hold at 1.50 and is continually brought down to 1.35 by contra players who took profits
Then maybe the price that the market is willing to accept is not at 1.50
Since it can' t break 1.35 as per your view, maybe because 1.35 is the actual price that the market is willing to accept
This is similar to how depressed counters will usually go back up to their original price range after all the shorting and shortists covering is over
If contra players don' t contra, maybe it will just be stuck forever around 1.35 and will not go up to 1.50
Since it is now below 1.35, how about buying more to average down instead?
So that when contra players push it up to 1.50 again, you can sell everything for a nice profit
investor999 ( Date: 22-Jun-2021 23:13) Posted:
Riverstone holding repeatedly hit 1.50 and fall back.
All the 1.50 I BOUGHT AND HOLD, only to have the counter shorted down by contra players who took profits.
I became the fool to supply money to you.
Now you see why it could not break 1.35. Because I refuse to be the fool anymore. Now I want you to sell |
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Riverstone holding repeatedly hit 1.50 and fall back.
All the 1.50 I BOUGHT AND HOLD, only to have the counter shorted down by contra players who took profits.
I became the fool to supply money to you.
Now you see why it could not break 1.35. Because I refuse to be the fool anymore. Now I want you to sell!
investor999 ( Date: 20-Jun-2021 09:03) Posted:
| So far I have urged everyone to cooperate. Not to contra.
Contra only drive the share price down.
If the market "needs" more shares because you and others want to play contra , there is an artificial demand which are satisfied by the shorts which comes from SBL account.
If you DON'T PICK UP YOUR SHARES, you contra shares are being thrown to the market to drive the share price down.
I AM REPEATING this. I SENT HALF A MILLION to pick up all your shares.
I have no more funds to pick up your contra.
Please stop contra !!! |
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https://www.youtube.com/watch?v=ymTTQuA32U0
You are responsible for every trade. If you buy you must be able to hold what you buy if the market turns against you.
When you lose, your loses accumulate and it becomes more and more difficult for you to recoup your losses.
Everyone of us have our own strategy. For me I only average down as I don' t cut loss ( unless I bought a wrong stock). When I average down my cost becomes cheaper and I take less to cover back my losses.
Contra trading involves taking profit and cutting loss. The more you do it the higher risk you lose.
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The supply and demand was in equilibrium and we only need to hold this equilibrium until fresh buyers come in.
Contra or short selling are bad as they only attempt to make a profit from this equilibrium.
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Exactly. Range trading is bad for traders. All these short term traders only looking for short term buy low to sell high.
I bet today these short term traders are buying.
Which is why I am so fed up.
Now we should all coperate. All don' t buy. Don' t see the counter. Just close shop. We need to get rid of these short term traders contra and shorts. Let Riverstone fall !! No one will buy
cucina ( Date: 22-Jun-2021 08:59) Posted:
There will always be shortists n contra players, like u say, improves liquidity in the market. Get used to it. It' s part of the stock market eco system. And perhaps only a few read SJ so they may not get your message.
Riverstone is just range trading for now. Stop watching it on a daily basis.
investor999 ( Date: 22-Jun-2021 08:17) Posted:
| Now market rising but you have margin calls and outstanding contra to clear, so how?
Isn't this Bo Cai Kang? |
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Yes it's a bad day of force selling.
I estimate some people have to throw all at 1.30
Abe2021 ( Date: 22-Jun-2021 08:20) Posted:
Investor999, good morning,
It is a new day 🥸 |
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Now market rising but you have margin calls and outstanding contra to clear, so how?
Isn't this Bo Cai Kang?
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If you die die must contra then go contra Top glove which I think is at bottom
investor999 ( Date: 21-Jun-2021 20:21) Posted:
Shorts in millions don't just exist because there is / are short interests in millions.
Who in the world hold this amount of short positions.
True Shorts are small in numbers. The rest are market makers providing liquidity to so many contra players.
It is OK to contra a little and you will gain if stock rises suddenly.
You need to know a limit.. You have to stop
cucina ( Date: 21-Jun-2021 13:59) Posted:
| I also dun understand. Contra players want it up n shortists want it down. Opposing objectives |
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Shorts in millions don't just exist because there is / are short interests in millions.
Who in the world hold this amount of short positions.
True Shorts are small in numbers. The rest are market makers providing liquidity to so many contra players.
It is OK to contra a little and you will gain if stock rises suddenly.
You need to know a limit.. You have to stop
cucina ( Date: 21-Jun-2021 13:59) Posted:
I also dun understand. Contra players want it up n shortists want it down. Opposing objectives.
PhillipTan ( Date: 21-Jun-2021 13:36) Posted:
Watched the video, understand the shorting process
But how is contra players equal to shortists in causing the price to drop?
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Exactly..
The contra players buy hoping someone will buy higher from them
But who?
Everyone also wants to buy low.
Richardlai ( Date: 21-Jun-2021 15:01) Posted:
| Institutions dont mind lending their shares as they are long term. After it drops enough they can later add more at a cheaper price too. alternatively Riverstone company itself too can buy back its own shares since they are cash rich. |
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Contr players = short sellers.
I see so many people play contra..All wants to win a bit..1 to 2 cents.
FED UP !
Sgvale ( Date: 20-Jun-2021 10:01) Posted:
| SpENT HALF A MILLION to pick up all your shares. Still like that. Means no good. Imagine you didn't pick up. Below $1 already |
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https://m.youtube.com/watch?v=zXyl_r_2yZQ
Top glove YouTube have very good discussions on shares borrowing.
Sgvale ( Date: 20-Jun-2021 10:01) Posted:
| SpENT HALF A MILLION to pick up all your shares. Still like that. Means no good. Imagine you didn't pick up. Below $1 already |
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Correct. There is a limit
Sgvale ( Date: 20-Jun-2021 10:01) Posted:
| SpENT HALF A MILLION to pick up all your shares. Still like that. Means no good. Imagine you didn't pick up. Below $1 already |
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So far I have urged everyone to cooperate. Not to contra.
Contra only drive the share price down.
If the market "needs" more shares because you and others want to play contra , there is an artificial demand which are satisfied by the shorts which comes from SBL account.
If you DON'T PICK UP YOUR SHARES, you contra shares are being thrown to the market to drive the share price down.
I AM REPEATING this. I SENT HALF A MILLION to pick up all your shares.
I have no more funds to pick up your contra.
Please stop contra !!!
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You cannot suka suka lend shares. Your shares are either with CDP or margin accounts OR you don't have shares but buy contracts ( CFD ) from a broker.
In the Top glove forum, they have urged others not to lend out shares like placing their shares on sell Q very high up.
Those who found their shares being loaned out from CDP had long ago applied to CDP for SBL.
If you have your shares under your brokers in margin account you give up your rights to let your brokers borrow them. Only now some brokers are being transparent and let you know they place your margin shares in SBL account.
The number of shares you have is too little to make an impact of overall trading.
SBL provides a means to provide liquidity to the market.
It is good that glove stocks are being loaned out. That is bullish
If there are millions of shares and Nobody wants to borrow that means the counter is dead.
So Pllease LEND YOUR shares out AS MUCH AS POSSIBLE provided there are people borrowing from you.
SO WHEN YOU SEE THE NUMBER OF SHORTS INCREASE it is good news NOT bad news
cucina ( Date: 20-Jun-2021 08:41) Posted:
You hv urge others not to lend out shares so what is your premise for doing he opposite? So that u can buy cheaper when they short it? Then, you may end up with more shares in Riverstone than you originally intended.
If you think you hv enough of a certain counter just let it do it' s work. A well run company like Riverstone will eventually shine when everything else settles.... this I' m referring to the market perception that Riverstone will go bankrupt when covid is over.
Riverstone is still around long after SARS is gone and even been adding capacity year after year since then. It is really a long play. Hv patience.
investor999 ( Date: 18-Jun-2021 20:55) Posted:
Before you say why I allowed the loan, I bought more as the shares went lower. So in some ways..loaned the shares to shortists for them to sell down for me to average down..So they are stuck. NOT me
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Before you say why I allowed the loan, I bought more as the shares went lower. So in some ways..loaned the shares to shortists for them to sell down for me to average down..So they are stuck. NOT me
investor999 ( Date: 18-Jun-2021 20:52) Posted:
All my margined Riverstone shares were loaned out 3 months ago.
sutiono ( Date: 18-Jun-2021 20:11) Posted:
| You meant they sell short the number of shares we pledge to them for margin |
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All my margined Riverstone shares were loaned out 3 months ago.
sutiono ( Date: 18-Jun-2021 20:11) Posted:
You meant they sell short the number of shares we pledge to them for margin ?
investor999 ( Date: 18-Jun-2021 12:03) Posted:
| You have to understand what brokers will do if they lend you money by taking your shares for margin..They are not going to keep the shares..What if the market plunge and you cannot pay. They are not going to take the risk of holding your shares |
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You have to understand what brokers will do if they lend you money by taking your shares for margin..They are not going to keep the shares..What if the market plunge and you cannot pay. They are not going to take the risk of holding your shares.
sutiono ( Date: 18-Jun-2021 09:45) Posted:
Do not understand this , more people margin shares but did not need to short sell and short sell quantity increased ? Pls explain in simple terms , thanks
investor999 ( Date: 18-Jun-2021 08:05) Posted:
| The number of shorts increased due to more people margin their shares.
They can only margin your shares if they can lend out the shares |
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