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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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wavehunter
Supreme |
14-Nov-2021 22:43
Yells: "Trade what you see, not what you hope to see." |
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x 2 Alert Admin |
Ya, the King Kongs.... the likes of Goldman Sachs, JP Morgan, Morgan Stanley and others....they wont play this stock. " Dont waste my time" ....they will say. " This type of stock is like small change.... like bread crumbs.... we save them for the small chimps to play" ... they will add. And I believe the small chimps also know the King Kongs are not interested in stocks like RS and so they, the small chimps feel Pung Sim to come out to play knowing that the Gorillas and King Kongs wont be around to Jee Siaw them. In the land of the blind, the man with one eye is king. In the arena of RS, the man who is prepared to put the most amount of money on the table is king as he gets to say RS goes up or down. This man is the small chimp. . 
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Ligaya
Master |
14-Nov-2021 21:41
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x 1 Alert Admin |
could see bro wave as gracious as he could to explain the matrix of the fundamental risks tilting away from the gorilla-style pandemic demand he already mentioned big Tua Phows aka Gorillas wont play this stock the nimble chimps should be positioned for you and usually they could swing you around 999 times |
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investor999
Elite |
14-Nov-2021 20:27
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x 0 Alert Admin |
I take your word the Big Tua Phows are not here.
Thank my lucky star if by the time they come in, I have already positioned myself for the bull run
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wavehunter
Supreme |
14-Nov-2021 20:07
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Bro investor, No, the Tua Phows are not here. Tua Phows wont play this stock. The very big ones, they play the big guns like banks, SGX, CityDev, KepCorp and the likes. And the better REITs. The traders who are responsible for the price action seen last Friday, these are the smaller ones who do hit & run. If another bigger monkey suddenly appears, these small traders will throw back everything they have and run road if their direction is opposite to the bigger monkey. Anyway, its okay. Since you think you know what is happening and you can read the mind of these traders and beat them at their own game by profiting from them, then have a good time beating the shit out of them and enjoy yourself...have a great time trading this stock. 
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investor999
Elite |
14-Nov-2021 19:57
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x 0 Alert Admin |
Wavehunter Bro:
I think you are losing sense of the stock market already.
What you have posted recently seems to be beginners talk of stock market
- high frequency traders.. We all know lah
- hold stocks long long until lose money - everybody knows lah
- look for greener pasture ? Almak..what is it? Source for good company with good management?
Eh ? at this time..We are not beginners finding good stocks to buy.
- ignoring the apparently changing technical ? Seems so.
- Cannot predict and don't know will go up or not ? That is everybody's concern.
- waiting for Toa Pow? Already here !
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Traveler
Member |
14-Nov-2021 17:34
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x 0
x 0 Alert Admin |
A nice one. Thank you.
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wavehunter
Supreme |
14-Nov-2021 17:34
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
Shortsellers are also not toopid. They wont SHORT LOW BUYBACK HIGH. Lose money only. When we bargain hunt, we BUY LOW SELL HIGH. When shortsellers do opportunistic shorting, they SHORT HIGH BUYBACK LOW. Meaning the best time to short is not now. Best is to wait and hope for the stock to bounce higher. The higher the better. Higher means more meat coz more room for it to Puak Toh and Khong Kha Kheow. Whether you like it or not, shortsellers will be back when the time is right. Becoz sentiment not just for this stock but for the whole industry is heading south. Plus some more a series of downgrades with more to come. The ground is sweet for them. To hammer the stock down again when that small pool of willing buyers has dried up. So what is left is the decision you have to make if you are vested. Stay and fight and see the price being hammered down again. Or get out first when the bounce ends and wait for another interim bottoming out to buyback to sell into the next bounce. And repeat this process to recoup some of your losses bit by bit. Although for me, if I am vested, I will sell into the bounce and then go find a greener pasture to graze. . 
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wavehunter
Supreme |
14-Nov-2021 17:31
Yells: "Trade what you see, not what you hope to see." |
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x 0 Alert Admin |
Buying a stock which you believe has potential but which may take very long to materialise, and provided it really come through for you and really materialise and rise as per your expectation and which may require you to hold the stock for years or decades before it does for you what you expect, and provided it really happens, is one of many ways to make money in the stock market. But is certainly not one of the best ways. I have heard many stories from people who buy and hold a stock for decades which they had actually given up on but didnt want to say it. Then one fine day due to a miracle, that stock rose to slightly above their entry price and they happily sold it for a very small profit. And felt sibeh song.  Okay lor. Loo Hua Hee The Ho lor. To each hisown. Different strokes for different folks. Hold long long....most of the time hold sibeh long, and provided the stock eventually come thru for you, is one way to make money in the stock market. But there are far better ways. Really. Those who can, those who have the resources and the bolas, they do it by mini PUMP & DUMP. Those who dont have the resources and the bolas, which makes the vast majority of us, will have to find other ways. But holding a stock for sibeh long to see results is one of the most unexciting way and results are not guaranteed plus the rewards may be meagre if choose the wrong stock or the wrong entry price. But like I said, no right or wrong here. Just different strokes for different folks. I know of one bro who shared his method of stockpick. He would look at the management team and examine their track record. And he said the CEO is a man of vision who will take the company further. That he had faith in and believe in the leadership of this CEO. That the business of this unknown company will grow. And by then, this stock will catch the attention of fund managers and instituitons. And so he is moving in first to take a stake in that company before the stock price becomes more expensive. Waaa Piang. Unless and until Tua Phows take an interest in that unknown company, nothing is going to happen to that stock price. And your expectations that this company will grow and its stock will be chased by funds and institutions..... it may never happen. But you already invested your life savings into that company. Then how ? You should wait for Tua Phows to actually take an interest in that company first. Becoz if indeed that company becomes a target for PUMP & DUMP, there will still be time and opportunities for you to participate in it. But that' s me. That' s how I will do it. |
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sutiono
Veteran |
14-Nov-2021 16:40
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x 0 Alert Admin |
Thank you Tik Talk .
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TikTalk
Supreme |
14-Nov-2021 16:36
Yells: "Anyone miss me?" |
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Riverstone - Daily Technical Tools suggesting short covering. The two vertical lines mark the period where share prices made lower low while daily technical indicator such as Macd and Rsi had a higher low, technicians call them " bullish divergence" . Also the green indicator(Adx) shaded seem to be rolling over also indicating shorts are taking profits by buying back, see shaded area on the price chart has a few days of uptick. The last time I mentioned a possible rebound to 0.87, if lucky enough we may see 0.92/0.95 and anything above gotta thanks your lucky star. At the moment no one knows how high the bounce can be, just have to monitor its movement in the coming days, i.e. if one see very strong rebound then wait a little longer etc....good luck. Just sharing what those tools are suggesting to the best of my understanding in charting.  |
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beng1102
Elite |
14-Nov-2021 16:05
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Short selling volume is declining drastically since the peak on 3 Nov from 57.75% to just 1.56%. At the current price range, it is not worth short selling.
11/03/21 57.75 7719500 13366900
11/05/21 20.64 1185000 5742400
11/08/21 17.99 621900 3456800
11/09/21 12.74 476100 3736500
11/10/21 7.42 398800 5371600
11/11/21 8.39 423100 5041400
11/12/21 1.56 183900 11754100
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beng1102
Elite |
14-Nov-2021 12:35
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By any measure, this company has very strong balance sheet and very strong profit. There is no reason for this depressed valuation. Shareholder' s strength is in the long investment time horizon while shortist has limited time horizon due to the need to pay high borrowing cost. So it is a matter of time shareholders will be rewarded.
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investor999
Elite |
14-Nov-2021 09:34
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x 0 Alert Admin |
I really mean what I post. I practice what I post | ||||
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JessTrang
Veteran |
13-Nov-2021 23:39
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I' m wary of these glove/ppe counters especially if theirs' shares prices during pre-covid is very low because i' ll ask what' s next after this pandemic. They have been taking the leading roles last year and currently is the show going to end? after last stellar performance/results which exceeded analysts' expectations, the price couldn' t even cross $1.3 but worse, begin dragged down by top glove.. so meaning to say, if RS can produce same results, maybe 0.7x will be the bottom(which i find reasonable and logical). But if the next result is 30~40% worse off, then you will see another wave towards new 52weeks low.
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wavehunter
Supreme |
13-Nov-2021 23:18
Yells: "Trade what you see, not what you hope to see." |
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x 2 Alert Admin |
When we do a SELL trade, the cash trading platform requires us to declare if we are doing a SELL or a SHORTSELL. Perhaps this is how SGX tracks the total Daily SHORTSELL volume. But there is no follow-up on how many of these SHORTs are covered. When we BUY, there is no similar requirement to declare if we are doing a BUY or a COVER-SHORT-BUY. Hence, just knowing what the Daily SHORTSELL volume is without also knowing how many positions have been covered doesnt give a complete picture. For all you know, the reality is that most of the daily SHORTSELL positions are covered intraday. People who do this... their modus operandi is QUICK IN & QUICK OUT and best to square off all positions intraday. Not holding SHORT positions overnite will totally eliminate nasty surprises from matters which are beyond their control. For these people, their biggest nightmare is something happened after market close and in the next trading session, there is a gap up. This can literally turn paper profits (which should have been taken the day before) into paper loss the next day if a gap up occurs. Another of their worry is the stock is HALTED from trading the next day right from the opening bell pending an announcement. And mind you, sometimes a Trading Halt can be for more than 1 day. They will worry like shit if they have outstanding SHORT positions. People who do this - they could be proprietary traders or high frequency traders who becoz of their very high trading volume enjoy very very low commission rate. Some proprietary traders hook up with a broking house to have a joint venture type of business relationship. How it works is that the trader pays zero commission to the house. The house provides the trader with a terminal and a very high credit limit which this type of trading activity requires. What' s in it for the house then ? In return for providing a terminal and liquidity to the trader, the house gets 40% to 50% of all profits. But if a loss is incurred, the trader will bear all of it. Becoz a trader wins all the time or almost all the time, it doesnt bother him or her to agree to such an arrangement where the trader bears all losses. Since it doesnt happen or rarely happen, having to bear all losses is academic. Trading with zero commission gives such a trader an overwhelming advantage over every other retail trader. For every trade done, the trader pays only all the other charges such as SGX Trading Fee, SGX Settlement Fee, CDP Clearing Fee and GST. This means a proprietary trader' s transaction cost is less than 80 cts per 1000 shares traded. When he makes just 1 bid which is half a cent x 1000 shares, his profit is $5. Less his cost of 80 cts, his net profit is $4.20 per 1000 shares. And he will make not just 1 bid per trade but more. And he will be trading millions of shares per day. The profit per 1000 shares in absolute terms is small. But with the kind of volume they generate, their profits per day can be jaw-dropping. High frequency traders, though they pay commission, enjoy very, very low rates which makes their transaction cost so low that it also gives them a huge advantage over ordinary retail traders. For these people, they dont have to make alot of bids per trade, They can make just a few bids and use insanely high trading volumes to make their small profit add up to a big sum. And they dont trade only one round per day and stop. They can do as many rounds as sentiments and momentum allow. And they can do it in both directions and make from doing the mini PUMP & DUMP from 77.5 cts to 83 cts and then backwards by shorting from 83 cts to 79 cts. Becoz their profit is so huge, why keep positions overnite and take the risk ? Why be so greedy ? As far as possible, square off all positions intraday and after market has closed, can count money and enjoy a good meal with premium wine or beer or hard liquour in a nice fine dining restaurant. Why be greedy and why take the risk to keep positions overnite when afterall, the market is always there and there is so much more money to be made. How ar ? Just repeat the whole process again the following day. For as long as sentiments and market conditions allow. Make hay while the sun shines. If the sun stops shining, then go find another place where the sun is shining to make hay there. You will recall on some days, you see the price gapping up during Pre-Closing to close 1 to 3 bids above the Last Done price. Why this happen lare ? Becoz it could be becoz the trader decided to square off all his or her outstanding SHORT positions on that day and in order to triple confirm that all his or her BUY (to cover shorts) orders are filled, the price bidded must be higher than every other retail trader out there. Makes sense ? Now you know. |
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tritonyeah6666
Senior |
13-Nov-2021 20:20
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Only when there are sellers to be the victim of the plan else, ownself play ownself, square off intraday | ||||
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investor999
Elite |
13-Nov-2021 17:24
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Conventional thinking is that lot of outstanding shorts, there are alot of negative sentiments.
It meant the counter party do not think the shares will go up and people who buy will eventually sell at loss and short sellers make money.
This seems to be pending out correct.
Many glove counters are on downtrend and people who bought and hold sold at loss.
What if we think another way:
1) High outstanding shorts means alot of buying activities. Market forces are supplying the shares and reflect as outstanding shorts. Since there are few actual selling, the outstanding shorts balloon.
2) Market is seeking actual sellers. People who cut loss, who sell for whatever reasons such as switching portfolio etc.
3) when shorts are covered, Market stabilise. If not the market makers have to seek sellers. This represents the buying up activities in the morning market when market makers buy up to seek true sellers. Come afternoon many contra players, margin call people are trying to sell..There will be more and more sellers and shorts are covered. So many players take advantage of these differences by selling in the morning and buy back in afternoon..some could not buy back will hold as outstanding shorts. The actual short sellers are not that high.
4) When we contra and sold like what we did last Friday,.our outstanding positions are closed. On Monday there will be huge buying activities in the morning when MM finds sellers. The cycle repeats.
Here I wish all RS holders happy trading next week. 💪 💪 💪
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beng1102
Elite |
13-Nov-2021 11:33
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Massive short volume on 3 Nov but only close half a cent down. Huge struggle between buyers and sellers in the last week likely indicate a bottom is near.
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ksangks
Senior |
13-Nov-2021 10:27
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Total open short as at 05/11 was 13,141,682 shares vs 11,914,782 shares one week ago . Short selling increased ! | ||||
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beng1102
Elite |
12-Nov-2021 20:38
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DBS said target price $1.2
Our ViewsASP for HC near bottom CR stable. Demand for high-end cleanroom (CR) gloves and healthcare (HC) gloves remains strong. Although the average selling price (ASP) for HC plunged by > 50% in 3Q21, it is now close to the bottom while CR prices remain firm. We expect the HC ASP to hover around the US$30 range per 1,000 pieces in 2022, slightly lower than the US$35-40 level for the October to December period. For the CR segment, the ASP is expected to remain firm at around the US$100 level. Going forward, the CR segment is expected to provide earnings resiliency and sustainable growth for the group. Expect bumper final dividend of 39 sen. Similar to last year, the group expects to pay a special dividend on the back of the super normal profits. Based on our projections and dividend payout ratio of 50% (same as FY20), DPS for FY21 works out to 49 sen (including interim DPS of 10 sen), implying an attractive final dividend of 39 sen or > 16% yield. Risks A steeper-than-expected reduction in the ASP and/or oversupply of gloves.
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