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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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Sunbrighten
Senior |
24-Sep-2021 14:35
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ksangks, where do check short position up to date bro? please send me the link. thks 
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tritonyeah6666
Senior |
24-Sep-2021 14:27
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The message I gathered from Wave & Luzern are 1) the bottom is back to prepandemic level 2) company makes a lot of money 3) doesn't matter. It is all Abt monkey. the monkey will only pump & dump this counter once. Will never comeback again. No reason. Despite monkey pump some other pandemic hype counters several rounds
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ksangks
Senior |
24-Sep-2021 14:19
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Many key board warriors can't afford to invest , can only imagine they are better than Wong , just for his or her information , Wong delivered more than RM 1b in first half to RS . Paid good dividend consistently since day one . What can you contribute to RS ? Work hard and stop your jealousy , jealousy will end you up a good for nothing , good at telling money stories only . | ||||
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ksangks
Senior |
24-Sep-2021 13:51
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Some Keyboard warriors talked as if they are the glove veterans . Do you believe in fake veterans or Mr. Wong Tee Son whom we know him as a glove veteran for years ?
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Hector
Veteran |
24-Sep-2021 13:47
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IMHO, I think it is not possible for RS to go back to pre-covid level First, there is increasing demand for clean gloves and RS is holding big market share in this sector with higher ASP Second, gloves demand will not ease anytime soon, as long as covid is still around it seems that it is not possible for any country to have 100% of vaccination rate. Therefore, covid will survive much longer than we think  Who knows it will be forever and gloves demand will always remain higher than pre covid although ASP will normalise.  Anyway, at current price level, I do think that RS is also very under value and such good profit every quarter DYODD |
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beng1102
Elite |
24-Sep-2021 13:38
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At the rate of 8.5% borrowing cost, long term short position is unlikely to be sustainable and need to buy back to take profit.
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ksangks
Senior |
24-Sep-2021 13:32
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Can buy more if share price head south .
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wavehunter
Supreme |
24-Sep-2021 13:30
Yells: "Trade what you see, not what you hope to see." |
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Bro Longtermer, Riverstone was a nobody before COVID-19.  This stock came to life only becoz it was targeted for PUMP & DUMP. Going forward, demand for gloves will go downhill and Average Selling Prices will dip very quickly too. Just look at the price of a box of masks at the peak and the price of a box of masks today. I saw at a shop... a box of 50 masks selling at $2.95 only and if you think that is already a damn low price, here' s another surprise for you - BUY 1 GET 1 FREE some more !!! The days of supernormal profits for glove makers are over. Going forward, they will have to deal with excess capacity. And write-offs. My own take is Riverstone is heading back to where she came from - her pre-COVID-19 days.  |
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Midtermer
Master |
24-Sep-2021 13:08
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If we look at the chart closely, every bounce crossed the 20ma albeit for a short while. That may be a good point to take profit for traders. Cheers. | ||||
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beng1102
Elite |
24-Sep-2021 13:00
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I can agree with these boxes but most importantly the boxes are getting smaller.    The boxes need to get big again, that mean bounce back even strongly at the tail end.
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Longtermer
Elite |
24-Sep-2021 12:54
Yells: "A disciplined investor is a wealthy investor" |
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Your chart is so well presented.. So what will be the bottom of this counter? This company make  or lose lot of money? Or does it matter?  
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wavehunter
Supreme |
24-Sep-2021 12:52
Yells: "Trade what you see, not what you hope to see." |
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This 1-Yr Daily chart of RS is from another site. It looks similar to the earlier chart which is from YahooFinance. .. ![]()
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Luzern
Supreme |
24-Sep-2021 12:51
Yells: "9" |
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I kaypo ah..........the chart is correct.  Already adjusted for bonus issue.
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beng1102
Elite |
24-Sep-2021 12:46
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Your chart is nor corrected with 1:1 bonus issue.    Connecting the peak prior to bonus issue is misleading to say the least.
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ksangks
Senior |
24-Sep-2021 12:44
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I always write to Jonathan Wee , and he update me rather speedy .
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wavehunter
Supreme |
24-Sep-2021 12:41
Yells: "Trade what you see, not what you hope to see." |
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Whether it will be strong enough to cover the gap on XD... that I wont know. But when I zoom in on the chart, I can see that when this stock goes into a bounce, although it will eventually turn out to be nothing more than a dead cat bounce, nevertheless, a bounce can last many sessions and may even have a few legs. See for yourself. ![]()
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Midtermer
Master |
24-Sep-2021 12:26
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Thanks bro wave. Quick question - based on your chart, do you think this bounce will cover the gap during XD? | ||||
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Midtermer
Master |
24-Sep-2021 12:19
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maybe it's happening today? Hope can sustain for the day. Cheers.
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wavehunter
Supreme |
24-Sep-2021 12:18
Yells: "Trade what you see, not what you hope to see." |
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There are 2 camps of people here......the bulls who still have faith in this stock and want to fight on and still clinging on to hope...AND those who are languishing and who have given up on this stock and looking for an Exit Plan. To the bull camp, please ignore this post and continue with your discussions on how to capitalize from the bounce. To those who have given up and want OUT and need suggestions on what to do, my recommendation is to follow this bounce up very closely and watch it like a hawk. When the upward momentum slows down and the selling starts, that is your cue to get out. All the best and take care. .
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yumsang
Member |
24-Sep-2021 12:06
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hope it can turn out to be what you gurus have mentioned from now on.    |
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