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DBS
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fatpanda
Supreme |
13-Dec-2021 14:44
Yells: "Another wonderful day!" |
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x 0
x 1 Alert Admin |
Glove stocks generally not moving till now except RS. Ya.... Do not get excited even though share buyback.  | ||||
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Kazerin
Elite |
13-Dec-2021 14:38
Yells: "Your Stop Loss Is My Profit Target" |
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x 0 Alert Admin |
Since the talk has been about RS, then let me give my point of view with regards to todays bullish price action. Market structure, how do we read market structure ? If price is in uptrend, we have higher highs and higher lows. Vice versa for downtrend.  Until the lower high form on 29 november (0.825) is broken, this is still a downtrend so dont get too excited with a bullish day like this.  we might consolidate for a while to do a accumulation, or redistribution we dont know. just have to wait for the schematics to play out.  |
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fatpanda
Supreme |
13-Dec-2021 14:28
Yells: "Another wonderful day!" |
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x 0
x 1 Alert Admin |
Bro, From technical point of view, it shows that this system is unstable. Working wit a unstable system can pose security risk, like leak of personal info and etc.  |
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wavehunter
Supreme |
13-Dec-2021 14:23
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
System glitch ? Aiyah, posting missing.... not too many times..... its okay lah. We have the use of this forum for free. So small issues here and there...we dont complain. Postings missing neber mind. Money in our account not missing chew okay leow.  ![]()
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wavehunter
Supreme |
13-Dec-2021 14:20
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 1 Alert Admin |
Bro investor, Just have to look at the way you and us discuss the fate of RS here. We have different views. We are in opposite camps. But did we fight ? Did we call each other names ? Did we launch personal attacks or make negative suggestions at each other' s intentions ? Was anyone nasty to any one ? Did anyone behave in a most despicable and dishonourable way ? Was anyone lacking in manners, forum etiquette, decorum, integrity and respect for one another ? The answer is a resounding NO to all of the above. And that' s the way it should be, isn' t it ? That we discuss calmly and diplomatically and behave and be courteous and polite at all times. That' s what civilised people do. Not behave like ruffians or ill-mannered spoilt brats and look for fights or if there isn' t, then start one. A thread is as good or as horrible as the people who make up that thread. And people who choose to make this thread their home do so becoz this is like home in cyberspace. People who behave and follow and observe rules of basic manners and decency and extend respect to others and receive the respect of others in return, can come whenever they like and participate and be part of the family of retail traders here. People who dont observe these basic rules of courtesy and who falls short of what is acceptable behaviour can only hide in the shadows and do the childish and immature thumbs-up thingy.  |
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fatpanda
Supreme |
13-Dec-2021 14:19
Yells: "Another wonderful day!" |
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x 0
x 1 Alert Admin |
Panda just came back from outside.  This is not happened first time. Bro Wave, remembered Panda said before, your postings also missing..... Hmmmm..... SJ.... Really fishy.....  |
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wavehunter
Supreme |
13-Dec-2021 12:31
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
This morn still have. I saw it. And I wanted to reply you but my reply would be based on chart only and not based on my observation of price action. I always look to price action to confirm or deny what chart says. Since I dont look at Genting, I cant say anything about price action. That' s why decided not to reply you. Dont want to say something based on only chart and skarly Tnua Lee Khee Hor-lan then how?    ![]() Did you accidentally remove your own post ? |
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kiseki_2818
Master |
13-Dec-2021 11:44
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x 0 Alert Admin |
congrat. u li hai. good good. stone stone all the way.
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wavehunter
Supreme |
13-Dec-2021 11:33
Yells: "Trade what you see, not what you hope to see." |
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x 1 Alert Admin |
" so tight and she could not move away from me. Kuai Kaui gave in to me and I caressed her till so satisfied even through she rejected." Waaaaa.....Bro investor....you and I speak the same language lare - the language of LOVE.    ![]() ![]() . ![]()
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investor999
Elite |
13-Dec-2021 11:25
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x 0 Alert Admin |
I also suspect so.
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investor999
Elite |
13-Dec-2021 11:23
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I worked out Mr Wong's average price of his much earlier purchases was $1.47.
The 300000 shares he bought brought his average cost to $1.28.
I suspect he is buying again today to average down his costs.
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fatpanda
Supreme |
13-Dec-2021 11:22
Yells: "Another wonderful day!" |
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x 0
x 1 Alert Admin |
RS looked like share buyback. Anyway, let wait to see any announcement. | ||||
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wavehunter
Supreme |
13-Dec-2021 11:19
Yells: "Trade what you see, not what you hope to see." |
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x 2 Alert Admin |
Better still. Dont buy at all. Wait until she has bottomed out. Then buy to catch the shortcovering cum bargain hunting bounce.  Becoz the bottom may not be at 50 cts. It could very well be lower. Dont read so much into the CEO buying 300,000 shares. What is 300,000 shares to him? Small change. Bread crumbs. Why did he buy ? I think it was nothing more than a token gesture for PR purpose to show he did try to do something to support the stock price. This will somewhat appease the anger and frustration of small shareholders who have been cow bear cow bull-ing the management why they didnt do anything to support the stock price.  And now that he has " done his part" by buying 300,000 shares, he can now pung sim and go back to his work to run the business. His primary concern is profitability of the business of the company, not how well or how badly the company' s stock is doing. And I have sufficiently proven to all of you at the RS thread that profitability of the business and stock price are two separate things and do not necessarily go hand in hand or move together in tandem. Do you know what will make RS price shoot up suddenly ? Not the CEO buying another 300,000 shares. But if the management informing the press that at their next AGM, they will pay a special dividend of say 50 cts to 70 cts subject to approval of shareholders. Then all kateks with outstanding shorts will die pain pain.  ![]()
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wavehunter
Supreme |
13-Dec-2021 11:04
Yells: "Trade what you see, not what you hope to see." |
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investor999
Elite |
13-Dec-2021 11:03
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x 0 Alert Admin |
Don't buy unless you can tarhan RS falling to 50 cents | ||||
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wavehunter
Supreme |
13-Dec-2021 11:01
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
All the best then. Today' s bounce is nice leh......0.645 : 0.65 now. But dont celebrate too early. This level is still way way way below the average price of many stuckists. I believe most stuckists are in the $1.10 to $1.25 region.... their average price. Some even higher. Will this bounce reach $1.10 to $1.25 ? Only if a big monkey comes back. Otherwise no. So when this bounce fizzles out, it is back to decision making time for those who are stuck - to cut or to continue to cling on to hope ? This one, each weary heart must decide for oneself. 
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investor999
Elite |
13-Dec-2021 10:59
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I pay all the fees due..By that I mean hundreds of thousands.
My only aim is to catch the bottom.
Remember what I told you on SIA?
I caught her bottom so tight and she could not move away from me.
Kuai Kaui gave in to me and I caressed her till so satisfied even through she rejected.
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kiseki_2818
Master |
13-Dec-2021 10:56
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x 0
x 0 Alert Admin |
hm...bbs like uncle wave, way of trading. hiak x 3.
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wavehunter
Supreme |
13-Dec-2021 10:53
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
All the best to your trading plan then, Bro investor. For a falling knife counter like RS, there are only 2 ways to make money for as long as she remains a falling knife. The first way is to SHORT her. The second way is to catch her bounce each time there is a bounce. This second method - so easy mare? It means you must be able to correctly pick her bottom or be decisive enough to buy at 1 or 2 bids above her bottom and after that hope that her bounce will be high enough to give you a profit margin. And you must repeat this feat again and again each time there is a bounce. If you pick a bottom but you get it wrong and she continues to dip, then you will have to cut to minimize your loss. Becoz if you dont cut and she keeps falling, your paper loss will pile up and become a mountain. So if you get it right, you dont make much. Becoz her bounces are not alot. If you get it wrong and you cant bring yourself to cut, you will be sitting on a mountain of paper loss. This type of game - your risk : reward ratio is good enough for you to risk your capital mare? For many of us, this type of situation hor - a trader is better off not trading. If dont trade, you wont lose and still have your capital to seize other better opportunities. If you trade, make, you make peanuts. Lose, you lose coconuts. We have all been there before. That' s why we know. And we are sharing with you our own trading experiences learnt by paying tuition fees to the market. To heed or not to heed is up to you. You can either learn this lesson for free from our sharing or learn it yourself by paying tuition fees. 
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investor999
Elite |
13-Dec-2021 10:49
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x 0
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Chart buoy zhun.
What I see is RSI all down on all patterns and monthly lagi down. It means we are poised for a very big jump..when ? No body knows. |
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