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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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ahlim88
Member |
11-Dec-2020 12:19
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Why keep talking to ownself ? Ownself Q & A  again ?
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wavehunter
Supreme |
11-Dec-2020 12:16
Yells: "Trade what you see, not what you hope to see." |
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Yo, Bro SGPhantom.    ![]() Cheers and Happy Trading..... ![]()
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Peter88
Senior |
11-Dec-2020 12:16
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No need to watch the price every day . There are many other better things to watch besides prices of stocks. I will hold this for at least one year  , may lose some , may win some  , no such thing as sure win . 
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SGPhantom
Master |
11-Dec-2020 12:11
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Don' t bother entertaining the hostile, ignorant, bitter, delusional bunch. In their eyes, the only correct / good advices are those that are in line with theirs.  
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ADS2200
Veteran |
11-Dec-2020 12:06
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just accumulate. all the theory also like that. just relax and enjoy the christmas season. when everyone is having a jolly mood, then .... the party will start lah  
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Peter88
Senior |
11-Dec-2020 11:53
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Will  buy again if it goes down to 1.10 level .
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Eatall
Veteran |
11-Dec-2020 11:51
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Congratulations
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ahlim88
Member |
11-Dec-2020 11:48
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Why come here to disgrace yourself ? Stock market isn' t for people like you who cannot afford to lose !
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wavehunter
Supreme |
11-Dec-2020 11:40
Yells: "Trade what you see, not what you hope to see." |
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ahlim88
Member |
11-Dec-2020 11:34
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Scare don' t buy , who ask you to buy ? Cannot afford to lose don' t buy !
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wavehunter
Supreme |
11-Dec-2020 11:29
Yells: "Trade what you see, not what you hope to see." |
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Christmas is approaching and we should be " dashing thru the snow" .  But instead, this stock is dashing the hopes of many investors.  Like I said yesterday, when people are numb and fed up and they refuse to sell out of beh kam guan and beh song more than anything else, the price will stop falling and stabilise. Just like when water falls from higher ground into lower ground and forms a lake there, it will just remain there. It cant and wont flow back to higher ground. To flow back to higher ground, it will need a pump. If the monkey doesnt come back, the price cant be pumped back up. Buying by retail players just wouldnt be enough to do the job. We have already seen what one whole month of buying by only retail players has done for the price. It did nothing. The stock fell from $2.00 to $1.19. That' s 81 cts. So going forward, what are we looking at from here ?  If the monkey comes back, then well and good. Relief for those who are vested. However, how big that relief will be will depend on how high the monkey wants to pump her back to.  The answer to this question cannot be found in FA or TA. Only the monkey knows. How high the price can climb is solely and entirely up to the monkey. He song he will keep going. He kao song leow he will stop. By and large, monkeys come into the market to make money for themselves. Never to help us retail investors. Never. In fact, monkeys make money out of us. At our expense. And the monkey knows there are many retail investors trapped at the high of this stock. Hence, he also knows that there are many layers of resistance up the line formed by stuck retail investors. As such, he is going to have a hard time to push thru all those resistance levels. Why make things so difficult for himself ? He might as well pick another stock which has not been played before to do the Pump & Dump routine where the absence of stuck retail investors will mean no multiple levels of resistance to break thru and as such, the stock will be easier to push higher. So if a monkey do come back, I think it will be just a short round of musical chairs where those stuck nearer to the current price may get  a window to get out.    Then what if the monkey doesnt come back ?  Some investors here will get fed up and give up and throw in the towel. Why ? Becoz its no fun being stuck in a stock which doesnt move. And this suckist feeling is made worse when you see other stocks running up. You will question yourself - why am I wasting time and my limited resources by leaving my capital in a stock which is not moving and doesnt look like it can recover ? I am better off pulling out what' s left of my capital to redeploy in another stock which is moving. Of course not all retail investors in this stock will think this way. But some will. And if still no sign of recovery in this stock, they will pull out and bring their capital elsewhere. That' s when you will see the price edging lower. In fact, when the price was doing the  " slowly bleed to death" routine from $2.00 to $1.19, some of the stuck investors in this stock already did what I described above. As the stock falls, more and more investors will fall into a state of despair and this feeling of hopelessness will get the better of them. In fact, many will say " I should have cut when it was $2.00" for those who bought at way above $2.00 and " I should have cut when it was $1.70" for those who bought at $2.00. And so on.  For this stock to recover, a monkey must come back. Or funds, institutions and high net worth retail investors whom I refer to collectively as " Tua Phows" , must take a liking for this stock and start pouring money into it. Otherwise, if only retail players are doing the buying, it wont be enough. Just sharing my views based on what I have seen in many other counters. Stocks move becoz of 2 things - A monkey OR Tua Phows. You need them for your stock to move. In the case of monkeys, be mindful that it is a game of musical chairs. The game ends when the monkey has left the party. And you should too. Just like for this stock, the monkey left some time back at the peak. After he left, with no monkey in the driver' s seat to pilot this rocket, this rocket cannot fly any more. It came crashing back to mother Earth. In the case of Tua Phows, the way they move IN and OUT of stocks is cyclical. The trick is to move in the same direction alongside with them. Never trade in the opposite direction of a monkey or Tua Phows. When these 2 BUY or SELL, it produces a stampede. And it is always easier to run in the same direction as the stampede than against it. Just sharing my views. No agenda to talk up or talk down the stock. Just airing my take based on what I have seen in the chart of this stock and its price action over the last month. And applying what I have seen about monkeys and Tua Phows and what they do to stocks, I wrote the above. Agree or disagree is entirely up to you. If what I said above is of assistance to you, glad to know that. But if what I said above does not help your vested interest, my apologies. I have no hidden agenda. I am not vested. But I do have friends who are stuck and for their sake, I hope this stock can recover so that they can get out. And what I said above, I have said to my friends also. What they want to do to manage their downside risk is entirely up to them. And with that, I wish those of you who are vested all the best. |
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Peter88
Senior |
11-Dec-2020 11:14
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My order at 1.20 all fulfil ! | ||||
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SGPhantom
Master |
11-Dec-2020 10:51
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ya, so far in the morning selling is strong.
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investor999
Elite |
11-Dec-2020 10:20
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Well the war starts early today.
My 1.21 were smashed.
This Bear is fierce
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SGPhantom
Master |
11-Dec-2020 10:15
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True.  Need the big guns. Any spike is quickly brought down, not enough fire power.
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investor999
Elite |
11-Dec-2020 10:11
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Buyers will only nimble.
Now I am fighting at 1.21
Don't expect too much
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investor999
Elite |
11-Dec-2020 10:07
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There was a concern how long Riverstone can continue to provide profits.
Will there be over capacity.
Frankly I don't know.
When Internet came around we did not know it is getting so big.
When infections become more serious we did not know they can be so serious.
One day all of us have to get use to preventive measures.
Vaccines will keep developing. Diseases will mutate.
Countries have to stock pile for another pandemic in future.
We are too short sighted by looking at only Covid-19
There will be more but we will learn to don protective gears.
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SGPhantom
Master |
11-Dec-2020 10:06
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As can be seen from the huge drop in trading volume (despite the split), there is not much more interest in selling. Hopefully Buyers will return strong and push pass a few resistance levels to keep the Bear in check.
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ADS2200
Veteran |
11-Dec-2020 10:02
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only have limited resources. bought a little will sit on it. |
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TradeExpert
Veteran |
11-Dec-2020 09:33
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The bull is coming.... It' s been trading sideways for days and a good sign of gradual accumulations and many are still holding tight to it. The fact that this counter is oversold shows confidence in the counter and RS has lots of liquidity. Hold tight and wait for the rocket up. lol. 
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