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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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fatpanda
Supreme |
29-Dec-2020 10:17
Yells: "Another wonderful day!" |
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Hmmm... " Noise" is back like before, when RS sank into the river to take a bath. Hahaha.... | ||||
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wavehunter
Supreme |
29-Dec-2020 09:37
Yells: "Trade what you see, not what you hope to see." |
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Bro vicloo, wait this is RS forum or Ascendas reit? haha... My apologies for that. Needed to post Ascendas chart as a follow up for those who were reading my discussion with Bro longtermer why I recommended investing in Ascendas. And also to show the folks here that though both Ascendas and Riverstone are in a downtrend now, when the selling ends, Ascendas will rebound and recover. Ascendas should slowly climb back to 3.2 in 1-2 mths time... THANK YOU for the endorsement !!!    ![]() There you are !!! Someone else has said the same thing about Ascendas. That she will recover. 
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vicloo
Supreme |
29-Dec-2020 09:31
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wait this is RS forum or Ascendas reit? haha... Ascendas should slowly climb back to 3.2 in 1-2 mths time...
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vicloo
Supreme |
29-Dec-2020 09:29
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All pendemic stock Top Gloves, RS will be back to pre covid prices... conventional (which drop a lot) will recover more too. No more magic gloves or masks effect.
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danger
Supreme |
29-Dec-2020 09:20
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ALL STUCKED BIG TIME AND SUFFERING MASSIVE LOSS IN RS ALL INSIDERS RUN ROAD AT HIGH ALREADY |
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wavehunter
Supreme |
29-Dec-2020 09:06
Yells: "Trade what you see, not what you hope to see." |
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  Bro NT1825, Both Ascendas and Riverstone are on a downtrend. Bro Longtermer has previously asked me what other stocks I would invest in instead of in Riverstone. In reply to his question, I named Ascendas as one of the candidates to park money in. I have been saying here that stocks which have Tua Phows (funds, institutions and high net worth retail investors) will recover  whenever they fall during a crisis or market correction becoz when the selling is done by one group of Tua Phows, another group of Tua Phows will seize the buying opportunity and load up. I posted the chart to show this recurring feature of Ascendas. Ascendas is a market leader in the REIT sector and an STI component stock. This stock is chased by Tua Phows. She is currently going thru a correction. When the selling ends, she will recover strongly. But a stock which does not have Tua Phows as fans, when the selling is done, can it recover in a similar way? If a monkey comes back, then yes. If it has Tua Phows as fans, then yes. But if her fans are only retail players, then I am doubtful. Hope this answers your question. |
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investor999
Elite |
29-Dec-2020 08:41
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Stupid RS
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Checkerman
Master |
29-Dec-2020 07:53
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Yes he has given up
The market force is too strong for him to handle single handedly
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TA_Expert
Supreme |
29-Dec-2020 00:29
Yells: "The World has changed" |
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11 more cents to reach $1. This will attract a lot of new investors. | ||||
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wavehunter
Supreme |
28-Dec-2020 16:57
Yells: "Trade what you see, not what you hope to see." |
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![]()
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ffff152100ffff
Master |
28-Dec-2020 15:25
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Soon
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Sgvale
Supreme |
28-Dec-2020 15:23
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Boss Wong Not supporting already until $1 comes | ||||
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wavehunter
Supreme |
28-Dec-2020 15:11
Yells: "Trade what you see, not what you hope to see." |
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Trump filed lawsuits at various courts in the US after his election defeat claiming that the election was unfair but without offering proof. A Federal Appeals court dismissed Trump' s case and remarked " Calling an election unfair does not make it so" . On the same token, just saying this stock " will go up" ..." should go up" ... " fundamentals are strong so should go up" ....alone by itself will not make it go up. People must buy. People must chase prices when they buy. And buy from the sellers. And enough of such buyers must appear. Only then can the price rise. If people are buying but at their own prices becoz sellers are throwing to them in the BUY  queues. And this selling is repeated by waves after waves of sellers throwing to the buyers in the buy queues, this type of buying will not help the stock to rise. Best is if a monkey comes back to take the driver' s seat. And he wants to go UP, not DOWN. Then happy days are here again. How happy will depend on how high the monkey wants to play. If monkey comes back, you all happy, I also happy. But if monkey no come back, then the price action dont look so good. The Last Low at $1.06 must hold. Becoz if it breaks, it will trigger the stop loss or " last stand" or " final straw" of some investors who may have placed an axe there.  |
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ffff152100ffff
Master |
28-Dec-2020 15:08
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Big drop, will continue drop.. | ||||
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Longtermer
Elite |
28-Dec-2020 14:11
Yells: "A disciplined investor is a wealthy investor" |
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Very strange indeed.. Over sold or extremely oversold stocks with strong fundamentals present MEGA HUGE opportunity for investors.  Not for contra.  Dyodd.  
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wavehunter
Supreme |
28-Dec-2020 13:42
Yells: "Trade what you see, not what you hope to see." |
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I didnt know becoz it is not my practice to look at shortselling data. I dont look at shortselling data becoz it doesnt help me to predict if a stock is going to fall tomorrow or rebound. Shortselling data compiled by SGX...they are available at the earliest on the following day. So whether there is shortselling now and how intense it is, the info is not available realtime but delayed. For short term trading, traders look at realtime info. Realtime info tells us what may happen in the next minute or hour. Delayed info tells us tomorrow what happened today. Also, absolute numbers of how many shorts were done on a given day tells you nothing more than those numbers. How many of those shorts have been covered and at what price ? How many of those shorts are still outstanding and at what prices were they done ? This info is not available. On top of that, shortselling data compiled by SGX is for shorts done with a cash trading account. It does not include all the short positions opened with a CFD account. So you dont have the actual number of shorts done in a counter just by looking at the data compiled by SGX. To see realtime price info, traders look at the intraday realtime price action. If there is selling, it doesnt matter if it is shortselling or real selling by people who are throwing back their scrips. The price will fall. |
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alpine
Senior |
28-Dec-2020 12:47
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Strange that wavehunter is so engrossed with his continuous penning for RS chart downside that he is not aware of the recent aggressive short selling by shortists!! | ||||
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NT1825
Master |
28-Dec-2020 12:06
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Thanks, bro. Agree that RS is oversold since mid Nov which mean include last 2 weeks. It is a fact and have technical justification to back up. Thanks for sharing the RS index Oversold may lead to buying but may or may not rebound - probable reactios to the situation, cannot be seen as a fact. |
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wavehunter
Supreme |
28-Dec-2020 11:53
Yells: "Trade what you see, not what you hope to see." |
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Oversold last 2 weeks? She has been oversold since mid-November. It has been 6 weeks and we are entering the 7th week. Just becoz a stock is oversold does not mean it will surely bounce. Becoz oversold can become very oversold. Very oversold can become extremely oversold. Extremely oversold can become beh jin chu oversold. . ![]() ![]()
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wavehunter
Supreme |
28-Dec-2020 11:23
Yells: "Trade what you see, not what you hope to see." |
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I was not aware of the shortselling data all this while. But I am not at all surprised that opportunistic traders were shorting this stock especially from 1.90 to 1.42 region which then saw a pause becoz 1.42 back then appeared to have found support. But when it caved in and broke, I believe another round of shorting was ignited and that' s when it fell to 1.27 region and then found some traction there and it held up for quite some time. Then when 1.27 broke which was when vaccine news hit the market, that triggered another round of shorting which saw her fall to 1.06 and she found her brakes there. I wasnt looking at this stock all along. I started looking at it only when it was at the 1.27 to 1.42 range. And only becoz my friends at my home thread were talking about this stock and trading it. During this period, I did 6 trades...3 from the LONG side and 3 from the SHORT side. Those were all short term trades lasting from intraday to a week. The funny thing is I didnt look at her chart back then. I looked at only her price action, ie. her daily price spread, her Intraday Time & Sales, market depth and I noticed that her support was at 1.27 to 1.31 region and her resistance was at 1.38 to 1.42. So I did the BUY AT SUPPORT, SELL or SHORTSELL AT RESISTANCE and did those 6 trades. After I closed my last trade but before the vaccine news came out, I noticed that she was struggling at 1.27 to 1.31 region as if gasping for air. This was unusual. Becoz all this while when I was watching her price action, whenever she dipped to 1.27 to 1.31 region, she didnt stay there for long. She was snapped up very quickly. But not this time. So I pulled out her chart for the first time and what I saw made me....  ![]() And my immediate reaction was ....PHEW !!! And I went LONG in her some more !!!    Good thing she did bounce up and opened up a window for me to unLONG and that happened 3 times some more !!! PHEW !!!  ![]() Just reading only her price action at that time, my view was " she is easier to trade from the LONG side than from the SHORT side" . That was what I said to myself and to my friends at my home thread. But after I looked at her chart, a shiver ran down my spine. And I decided to stand aside and not touch her anymore as her price action, ie. unable to quickly bounce from the 1.27 to 1.31  region told me something was amiss. The next thing was vaccine news hit the market and she crashed below 1.27 to reach 1.06. A falling stock will attract opportunistic kateks. But each time the stock hits a support level, some of these kateks will cover to book their profits. This explains why we always see a bounce whenever this stock finds a support level. When she fell from above and found support at 1.27, a shortcovering bounce (and with help from some bargain hunting by LONGists) helped to give her a lift to 1.42. That' s 15 cts. Likewise when she crashed below 1.27 to find her next staircase landing at 1.06, that triggered another round of shortcovering which saw a bounce to 1.21. That' s 15 cts too. Coincidence, I suppose.  So the current trading range is at 1.06 to 1.21. Traders will trade this range to BUY AT SUPPORT, ie. 1.06 to 1.08 and SELL AT RESISTANCE, ie. 1.18 to 1.21. Until we get another shift of this trading range. Shift UP or DOWN, will depend on which team is stronger and keep scoring goals. The way traders think and react is different from the way you people react. Let' s say a trader do a BUY AT SUPPORT and he buys at say 1.06 to 1.08. But after that something negative happens and the price crash below 1.06 to quickly reach 1.03. Now from a trading perspective, this is an event not contemplated and which renders the prior trade invalid. An important assumption, ie. that 1.06 is a support, has been negated. That being the case, traders will cut their positions. Depending on how many traders are caught on the wrong side of the goalpost and also depending on how many traders are disciplined enough to cut their positions, their selling will send the price down. Hearing continues. |
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