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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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desmodeus
Veteran |
23-Jun-2021 08:37
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plse continue to sell/short | ||||
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Midtermer
Master |
23-Jun-2021 08:31
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we cannot dictate how people invest or trade so only buy after dyodd. TA wise RS has been following the RSI chart nicely and rebounds once it hits low 30s / high 20s. I believe will rebound really soon if still believe in gloves FA story. As always dyodd. Be responsible for your own trade and no point blaming contra traders.
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simpleguy123
Elite |
23-Jun-2021 08:04
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So I take it your earlier $1.50 HOLD Plan failed? But how does their selling help you? Didn' t you just said you buy and hold at $1.50??
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investor999
Elite |
23-Jun-2021 07:44
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My greatest fear is unravelling
May crash
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PhillipTan
Supreme |
23-Jun-2021 01:17
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If in your opinion, that the counter can' t hold at 1.50 and is continually brought down to 1.35 by contra players who took profits Then maybe the price that the market is willing to accept is not at 1.50 Since it can' t break 1.35 as per your view, maybe because 1.35 is the actual price that the market is willing to accept This is similar to how depressed counters will usually go back up to their original price range after all the shorting and shortists covering is over If contra players don' t contra, maybe it will just be stuck forever around 1.35 and will not go up to 1.50 Since it is now below 1.35, how about buying more to average down instead? So that when contra players push it up to 1.50 again, you can sell everything for a nice profit  
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investor999
Elite |
22-Jun-2021 23:13
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Riverstone holding repeatedly hit 1.50 and fall back. All the 1.50 I BOUGHT AND HOLD, only to have the counter shorted down by contra players who took profits. I became the fool to supply money to you.  Now you see why it could not break 1.35. Because I refuse to be the fool anymore. Now I want you to sell!
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investor999
Elite |
22-Jun-2021 22:33
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https://www.youtube.com/watch?v=ymTTQuA32U0 You are responsible for every trade. If you buy you must be able to hold what you buy if the market turns against you. When you lose, your loses accumulate and it becomes more and more difficult for you to recoup your losses. Everyone of us have our own strategy. For me I only average down as I don' t cut loss ( unless I bought a wrong stock). When I average down my cost becomes cheaper and I take less to cover back my losses. Contra trading involves taking profit and cutting loss. The more you do it the higher risk you lose. |
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investor999
Elite |
22-Jun-2021 22:15
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The supply and demand was in equilibrium and we only need to hold this equilibrium until fresh buyers come in.  Contra or short selling are bad as they only attempt to make a profit from this equilibrium.   |
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investor999
Elite |
22-Jun-2021 18:26
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Exactly. Range trading is bad for traders. All these short term traders only looking for short term buy low to sell high. I bet today these short term traders are buying. Which is why I am so fed up. Now we should all coperate. All don' t buy. Don' t see the counter. Just close shop. We need to get rid of these short term traders contra and shorts. Let Riverstone fall !! No one will buy
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Longtermer
Elite |
22-Jun-2021 16:00
Yells: "A disciplined investor is a wealthy investor" |
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All Glove counters are trading 3 to 4 times PE with many experts predicting big asp drop and much lower future profits, eg. UG doing 2.x times PE.. Is the current price justified for them and all? Many companies will report results in July and August.. verdict will soon be out. Dyodd and huat! |
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investor999
Elite |
22-Jun-2021 14:20
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Yes it's a bad day of force selling.
I estimate some people have to throw all at 1.30
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cucina
Master |
22-Jun-2021 08:59
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There will always be shortists n contra players, like u say, improves liquidity in the market.   Get used to it.   It' s part of the stock market eco system.   And perhaps only a few read SJ so they may not get your message. Riverstone is just range trading for now.   Stop watching it on a daily basis.  
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Abe2021
Veteran |
22-Jun-2021 08:20
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Investor999, good morning, It is a new day 🥸 |
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investor999
Elite |
22-Jun-2021 08:17
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Now market rising but you have margin calls and outstanding contra to clear, so how? Isn't this Bo Cai Kang? | ||||
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investor999
Elite |
21-Jun-2021 20:23
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If you die die must contra then go contra Top glove which I think is at bottom
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investor999
Elite |
21-Jun-2021 20:21
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Shorts in millions don't just exist because there is / are short interests in millions.
Who in the world hold this amount of short positions.
True Shorts are small in numbers. The rest are market makers providing liquidity to so many contra players.
It is OK to contra a little and you will gain if stock rises suddenly.
You need to know a limit.. You have to stop
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investor999
Elite |
21-Jun-2021 19:38
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Exactly..
The contra players buy hoping someone will buy higher from them
But who?
Everyone also wants to buy low.
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Richardlai
Master |
21-Jun-2021 15:01
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Institutions dont mind lending their shares as they are long term. After it drops enough they can later add more at a cheaper price too. alternatively Riverstone company itself too can buy back its own shares since they are cash rich. | ||||
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cucina
Master |
21-Jun-2021 13:59
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I also dun understand.   Contra players want it up n shortists want it down.   Opposing objectives.
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PhillipTan
Supreme |
21-Jun-2021 13:36
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Watched the video, understand the shorting process But how is contra players equal to shortists in causing the price to drop?  
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