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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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Richardlai
Master |
18-Nov-2021 14:21
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As you run downhill , careful that an alligator is not waiting to eat you ....haha But I understand EPF has been selling generally but it is getting ridiculous |
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wavehunter
Supreme |
18-Nov-2021 14:13
Yells: "Trade what you see, not what you hope to see." |
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As long as there is still money to be made, they will keep at it. The shortseller has everything going for him. This stock does not have the support of funds, institutions and high net worth retail investors. So no worries for the shortseller that whilst he is shorting, these Tua Phows may suddenly come in to buy. With no big player playing against him from the LONG side, he is king and this stock is his playground. The days of mega supernormal profits are over for glove stocks. So from this point onwards, earnings can only get worse, not better. The whole industry is being downgraded. ASP is falling and supply is increasing. Why should she be more appealing now  than when her earnings were record-breaking ?  More and more people are giving up on this stock and heading for the door. When you take a step back and look at the big picture, it doesnt take much for one to immediately see that this stock has more downside and little upside. That being the case, the ground is very sweet for a shortseller to target this stock for whacking to profit from the SHORT side. It is like running downhill with a strong wind blowing on your back. As opposed to running uphill with a strong wind blowing in your face.  Becoz the ground is sweet, this shortseller will continue to milk this cow until all her milk has dried up. Only just yesterday, many people here firmly believed that 76 cts is the bottom. Well, the market has spoken. The bottom is reached only when there is not a single seller left. And I think that day is not anywhere nearby.   
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TradeExpert
Veteran |
18-Nov-2021 13:45
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Seems to be heading down towards the previous level of $0.375 to $0.423.....  Short Sellers has been shorting the gloves counters. People who can still short at around $0.75 with at least 300L are no ordinary players....  Hope it is able to fend of short selling at $0.6 at the next support level DYODD |
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wavehunter
Supreme |
18-Nov-2021 13:38
Yells: "Trade what you see, not what you hope to see." |
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That small chimp is enjoying himself for now. . ![]() The slide and decay in stock price will stop only when he is tired and he stops. .
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wavehunter
Supreme |
18-Nov-2021 13:34
Yells: "Trade what you see, not what you hope to see." |
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I feel you, Bro investor. I feel you. Good that you take a break and give your entire strategy a re-think. And if you still want to invest or trade this stock, come up with a strategy and do a dry run to backtest it first. I backtested my strategy on trading Dow Futures using a DEMO account for 1 month. Satisfied with the result, I then loaded live ammo into my rifle, cocked it and put to safe and then waited for the bear to appear. You invested alot alot of resources into fighting the Battle of Riverstone. I feel you, Bro. I feel you. . ![]()
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investor999
Elite |
18-Nov-2021 13:28
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Let him short until cow come home
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wavehunter
Supreme |
18-Nov-2021 13:28
Yells: "Trade what you see, not what you hope to see." |
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But there is a small chimp there and he is having a jolly good time making money from the SHORT side. . ![]() Not a good sign. He still dont want to Suak.  ![]()
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investor999
Elite |
18-Nov-2021 13:26
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Wavehunter Bro:
The chimp may want to play up again. I don't want to play now. No fun(d)
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investor999
Elite |
18-Nov-2021 13:18
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Now we know the reason why RS fell so much despite strong support at TG.
Finally one BB has sold its 4 million shares and ceased to be a major holder.
Is this bad?
I look at it another way.
The sell down had largely been from EPF.
I don't think there are any BB left.
As wavehunter had rightly pointed out. BB are out.
So the major shareholders are retail players.
This may be good as retail players tend to buy and hold.
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Stocky901
Supreme |
18-Nov-2021 10:53
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If support 75c broken will dive below 70c. Must set cut loss point from here. dyodd. | ||||
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TA_Expert
Supreme |
18-Nov-2021 10:50
Yells: "The World has changed" |
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wavehunter' s analogy is quite accurate. The BBs are in full control now. WIll the 7-series hold?  |
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beng1102
Elite |
18-Nov-2021 10:37
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Sell so few shares u  大 惊 小 怪 .
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wavehunter
Supreme |
18-Nov-2021 10:11
Yells: "Trade what you see, not what you hope to see." |
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This morning from the opening bell to now, the small chimp was shorting very aggressively. You can see his footprints all over the place. This is from Intraday Time & Sales of RS today. Every trade be it a BUY-UP or SELL-DOWN trade...time of trade, number of shares traded and price...are all captured by the system managed by SGX. These are all SELL-DOWN trades done in big lots. Meaning somebody who didnt care and didnt give a shit about destroying the value of a stock simply mercilessly threw down shares in big lots to the buyers in the queue and in the process crashed the price to make New Lows repeatedly. These are his footprints. . ![]()
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beng1102
Elite |
18-Nov-2021 10:00
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Not true leh!  Now is 76c.  Those who bought below 75.5c are making money.
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wavehunter
Supreme |
18-Nov-2021 09:47
Yells: "Trade what you see, not what you hope to see." |
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He just threw down another 150,900 shares to the buyers in the BUY queue at 0.755.  Since he is still throwing, then logically and quite obviously, it means the price must go lower for him to cover these lots at a profit.  ![]()   |
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wavehunter
Supreme |
18-Nov-2021 09:38
Yells: "Trade what you see, not what you hope to see." |
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Bro investor, Like I said, when the small chimp is done playing the range at 0.79 to 0.83, he will without prior notice shift his goalpost and his playground down to a lower playing field where he will repeat the PUMP & DUMP routine all over again. I hope you managed to sell those lots which you wanted to sell before the shifting of his playground. New Low at 0.74. For now. We see whether the small chimp has set up camp here. If so, he will now play at this lower playing field. Maybe from 0.74 to 0.79 ? I dunno. We wait for him to tell us. If 0.74 is not his new base camp, then brace for more downside below 0.74. The bounce from 0.74 to 0.755 could also be the small chimp taking interim profits before he hit the road again to resume the shift to lower. Only he knows. Whatever we think is only our guess. Nothing more. Take care.
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tritonyeah6666
Senior |
17-Nov-2021 19:55
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The key msg a month ago was - "Bro wave if your intentions are good, then let it rest already"
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ringo88
Senior |
17-Nov-2021 19:47
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A little context here.
Nobody really knows anybody in this virtual space. But one thing I know.. Bro Wave has been offering his opinions on the Covid stocks for more than a year now. Unchanging now as it was then. Never sang a different tune. So from then till now I gathered that his intents are not at all malicious. In fact, he was right, as the price itself will attest. Not only on RS but on the other med stocks as well. How do I know? I was amongst the first to chrome him really hard when he appeared on the threads a year ago. Saying the same thing. What has changed? The price.
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sutiono
Veteran |
17-Nov-2021 18:31
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economic news Brokerage: No fear of product average price callback, top gloves AA + solid credit rating November 17, 2021 (Kuala Lumpur, 17th) Although the demand for gloves and the average selling price have gradually recovered, the brokerage believes that top gloves (TOPGLOV, 7113, main board health stocks) can still maintain a ?AA+? credit rating with a strong balance sheet. . Maybank Jinying analysts said that the credit status of Top Gloves is supported by a stable balance sheet and cash flow. "Considering sufficient cash and low debt, we believe that the company has the ability to maintain a stable outlook." ADVERTISEMENT | ||||
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investor999
Elite |
17-Nov-2021 18:19
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Quite weird in fact Normally when other gloves moves up, Riverstone is one will move up  But it went down instead. I don' t think there is no interest in RS. The only reason I can think of is the price is being held down by short sellers |
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