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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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investor999
Elite |
15-Oct-2021 16:45
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You know why it is up. Because I buy up. I buy seller's price.
I Don't Q.
I am determined to keep buying up
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investor999
Elite |
15-Oct-2021 16:34
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Yes that is the reason this stock goes down because you read the price action.
But we trade differently.
I don't Q. But buy up.
Next is we are fighting the trend. I hope it is getting some results soon
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wavehunter
Supreme |
15-Oct-2021 16:12
Yells: "Trade what you see, not what you hope to see." |
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One observation about this thread. My postings here speak of the bearishness of this stock and my views are supported by charts and actual price action. And the people here repeatedly " said" my postings are not useful to them. Yet the weakness of this stock persists and the price is unable to recover and is heading south. My views about this stock and actual price movement of this stock are in sync. Yet my postings are not useful. Funny.  ![]()   |
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wavehunter
Supreme |
15-Oct-2021 15:48
Yells: "Trade what you see, not what you hope to see." |
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Just becoz for every seller there is a buyer in itself doesnt help a stock at all if most of the trades are done at the buyer' s price. Of the people here who recently bought or who intend to buy....how did they buy? Did they queue and wait to be thrown to ? Or did they grab from the sellers in the SELL queue? I doubt they grabbed. This counter is so bearish and there is no strength in the price at all, why chase the stock ?  Just queue at the BUY price and wait for people to throw to you. That' s most likely  what happened to those who bought recently and those planning to buy. Meaning for every seller, there is a buyer, but at the buyer' s price. Meaning the price is falling. How can the price rise if people are not chasing the price by grabbing from sellers but queueing at the BUY price and waiting to be filled. To illustrate, if there are buyers at every level from 80 cts to 90 cts and all the buyers say their orders were filled, what does that mean? It means the price was at 90 cts and it fell to 80 cts. So you see, the fact that for every seller there is a buyer in itself is no help to a stock if trades were mostly done at the buyer' s price.   |
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JessTrang
Veteran |
15-Oct-2021 15:06
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When it is bearish, at buyers prices and sellers prices when it is bullish.
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wavehunter
Supreme |
15-Oct-2021 14:57
Yells: "Trade what you see, not what you hope to see." |
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" For every seller, there is a buyer" . Yes. Then the question turns on at who' s price. If all the trades are done at the buyer' s price or most of the trades are done at the buyer' s price, it means the price is falling.  
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investor999
Elite |
15-Oct-2021 13:39
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Bro wavehunter:
No matter how it is put, you can't deny glove sector is down.
Very very down. Correct?
The rest is market to decide.
For every seller there is a buyer
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Godwinlow
Elite |
15-Oct-2021 12:47
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As for me I know Riverstone will go up from here. Endemic phase glove is still much needed including clean room gloves
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msksmsks
Supreme |
15-Oct-2021 12:44
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When a person overly bearish or pessimistic, only signalled bottom ard the corner and waiting for trend reversal...... Likewise for too optimistic and exuberance .... Whether a monkey or gorilla wl be in the driver seat or not,  it really doesnt matter at the moment.  As the price goes higher and higher, their presence wl be felt. A person can be right most of the time, but wl not be ALL the time  Cheers 
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wavehunter
Supreme |
15-Oct-2021 12:20
Yells: "Trade what you see, not what you hope to see." |
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Bro investor, My take is different. It is not about pandemic getting worse or flattening out to become an endemic or whatever. And it is not about whether demand for gloves will rise or fall or go back to pre-pandemic days. And contrary to common misconception, it is not about the company' s earnings too. If there is indeed a direct and immediate co-relation between earnings and stockprice, then given her supernormal record-breaking earnings in 2020 and 2021, this stock should be trading at $3.00 already. But is it ? Like I said, it is not about fundamentals. It is all about whether a monkey wants to come back to play this stock up.....OR..... whether funds, institutions and high net worth retail investors (together called Tua Phows) park their hot money in this stock the same way they are doing it for banks, REITs and the better STI-component stocks. For a stock to move and rise, you need lots and lots of hot money to flow into it. Only a monkey or Tua Phows can provide that kind of hot money. Retail buyers from here and elsewhere all put together, their buying power is like one pail of water when poured into an ocean cannot raise sea levels. So in the final analysis, when retail players buy, you can see a small bounce here and there. But that' s all. You wont be able to see a good run. Unless the monkey comes back or Tua Phows buy. Riverstone is not a great stock to park money in. There are so many other much better BUYs. So Tua Phows wont be coming. Dont count on it. Imagine you have $5m to invest in stocks. Will you park alot of your $5m in Riverstone? Or you feel more at ease to park your money somewhere else ? Your answer to this will tell you how other Tua Phows are thinking too if they are looking for a stock to park their millions in. 
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yumsang
Member |
15-Oct-2021 12:19
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situation is like oil price.  | ||||
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Traveler
Member |
15-Oct-2021 11:52
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Bro investor999, that guy is using chart to scare off retail investors again. The industry info I gathered is that glove ASP is stabilising. The recent global energy crunch is causing production disuptions for glove manufacturers in China. 
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investor999
Elite |
15-Oct-2021 10:39
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Wavehunter bro. I see it differently. With each lower smaller bounce less people buy more people sell but we also see the graph flattening. The last fall from 1.13 was the final straw for some who sold and not buying back. This is called bottoming. How long it will last. I don't know. But it seems to say pandemic is over. Back to normal life. No gloves are needed. Throw all your gloves away | ||||
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wavehunter
Supreme |
15-Oct-2021 10:21
Yells: "Trade what you see, not what you hope to see." |
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investor999
Elite |
15-Oct-2021 07:41
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Reversal starts today. Too negative on gloves already as glove companies going bankrupt. If glove demand so poor like prepandemic, might as well say gloves not needed anymore | ||||
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Longtermer
Elite |
14-Oct-2021 16:47
Yells: "A disciplined investor is a wealthy investor" |
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Bursa gloves all in the green. Oversold   |
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yumsang
Member |
14-Oct-2021 16:38
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oversupply plus lowering price? 
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sutiono
Veteran |
14-Oct-2021 16:35
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Maybe must wait till next biz update in Nov. | ||||
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brchkho1
Master |
14-Oct-2021 10:05
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Looks like this one will range bound till any new factor to move out the range. may habe to trade within the range for the time being.
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easywin
Supreme |
14-Oct-2021 10:03
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Gloves counters mostly down because no more in demand? | ||||
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