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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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investor999
Elite |
08-Feb-2021 10:20
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In this case why not buy at 1.45 and sell above 1.50?
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Traveler
Member |
06-Feb-2021 16:38
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Not surprising as the result will be announced soon ... and expected to be very strong !!
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lhc1964
Senior |
06-Feb-2021 15:50
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Maybe the accumulators are trying to shake the weak holders to part their shares ? Just making a wild guess  |
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TradeExpert
Veteran |
06-Feb-2021 11:23
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Agree Likely to hover between $1.45 to $1.58 for the next few weeks unless there is a push for a break out upwards. Unlikely for shortist to short the counter for the near term as the risk are high and odds will be heavily stacked against shortist if the reverse go against the shortist wish. Some shortist have been heavily burnt for past weeks when they went against the markets and now they are likely to be very cautious to short this counter given that some hoping that it will go as low as $1 and below, but they got burnt badly when this counter climbed to around $1.5 with strong buy in and many still have strong confidence in this counter. Lolxx The only possibility that shortist will attack this counter again is when strong financial backers call it a day. Lolxx Investing requires Patience which is the key to the bank vault.  DYODD.
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SGPhantom
Master |
05-Feb-2021 13:13
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Likewise Bro!
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zandlery
Supreme |
05-Feb-2021 13:12
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Enjoy your money making at other counters
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SGPhantom
Master |
05-Feb-2021 11:26
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I' m out. Opportunity costs called. May be back when there' s life again. Good luck fellas! |
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zandlery
Supreme |
03-Feb-2021 15:39
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Volume on the low side, venerable to shortist. Now most volume at UGhealth which result releasing soon.
The play is over there. Once get to result season will see movement.
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SGPhantom
Master |
03-Feb-2021 14:05
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It is stucked in a time warp for weeks now. Cannot decide which side of 150 it wanna be at.
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lhc1964
Senior |
03-Feb-2021 13:39
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There seems to be buying supports whenever price is weaken. The undertone is still very strong. | ||||
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zandlery
Supreme |
03-Feb-2021 12:27
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So far no major negative news against glove stocks to justify the drop.
So it looks to me just the usual pattern of drop before result season. Shaking the weak holder to buy low maybe. This pattern never gets old. It always happen. Stellar result for glove stocks is a no-brainer. |
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lhc1964
Senior |
03-Feb-2021 12:02
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Most glove stocks fall this morning . | ||||
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SGPhantom
Master |
01-Feb-2021 17:44
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Of course they need to buy back : ) The question is at what price. We shall revisit this when it happens, it may not happen, and end of week could be 160s.
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SGPhantom
Master |
01-Feb-2021 17:28
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This is the psychological level. It has been a tug of war at this price for the past 2 weeks, now into the 3rd week. How it plays out remain to be seen. While I believe the upside is more than the downside, I would wait for 160 / 170 before adding again, if it gets there. My observation is volume has dipped a lot, maybe Shortists are sidelined worrying about a short squeeze, buyers are also not buying up. But if this is true, and the shortists come back to play, it may go south. Just my opinion.
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lhc1964
Senior |
01-Feb-2021 16:30
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Top Glove up 4.5% in SGX today . The Malaysians will be back to trade tomorrow . | ||||
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zandlery
Supreme |
01-Feb-2021 15:38
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Currently the trend not on the glove stocks I can see.
Now consider accumulating stage where investor perceive the upside higher than the lowside. Think many don't dare to short too much as result releasing soon and as anticipate will be stellar like last year. Sure going to have some positive effect on the price. |
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lhc1964
Senior |
01-Feb-2021 15:14
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Hope can break away from the 1.50 ? | ||||
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look@bright
Elite |
31-Jan-2021 19:47
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Democrat Congressman Stephen Lynch, 65, tests positive to COVID-19 after receiving both doses of Pfizer' s vaccinewww.dailymail.co.uk/news/article-9205321/Rep-Stephen-Lynch-65-tests-positive-COVID-19-receiving-doses-Pfizer-vaccine.html |
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Hello08
Member |
31-Jan-2021 19:18
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Tough road ahead... | ||||
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SGPhantom
Master |
31-Jan-2021 16:30
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To be realistic, Wong cannot be selling without any reason, even if he "wants to". His selling will trigger a Sell signal to the market, as he knows first hand what is going on in his company. But to stay put / accumulate is expected of him. Hence, I believe his near-daily small accumulation is a non-factor. Just my opinion : )
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