| Latest Forum Topics / Riverstone Last:0.86 -- |
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RIVERSTONE HOLDINGS LIMITED
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spore1
Supreme |
19-Dec-2020 17:10
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Wah, 1 dollar good pivot point.. Can go for chicken run
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Alson18
Senior |
19-Dec-2020 16:25
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Sorry, am reffering to Bro wavehunter charts and comments! Am sure many will appreiciate your views ! |
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Alson18
Senior |
19-Dec-2020 16:22
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Bro,  you should also post your msg at medtec forums as well since you said medical stocks are weak stocks Also post as many weak sectors as there is danger that DJ  going to hv deep pullback Then u will win many supporters when it happen👍   |
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Eatall
Veteran |
19-Dec-2020 16:10
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Deer Brudder wave, chart 📊 and market
Just for reference only la... If really than zhun, everyone a millionaire liao.. And no shortist, gone bankrupt liao loh.. Lol No one, can ever know where is the lowest.. Where is the highest... Unless you are the one, who control it... Lol And, no one will ever know... When the big shark gona enter particular counter timing.. Unless you are the one, who call the shoot... Lol |
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wavehunter
Supreme |
19-Dec-2020 13:10
Yells: "Trade what you see, not what you hope to see." |
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![]() UP or DOWN, markets do not move in a straight line. Hence, many believe Dow cannot keep rising. One day, she will have to pullback. Its just a question of how deep the pullback will be, not whether there will be a pullback. When it comes, there will be a spillover effect on markets around the world. Weakness will be felt across the board. The stronger stocks will fall less becoz bargain hunting will provide some support for the price. But weak stocks which are being hammered and overwhelmed by generally weak sentiments surrounding those stocks, will come under more selling pressure as people, driven by fear, head for the door.  In my view, COVID stocks (Top Glove, Riverstone, Medtecs & UG Healthcare) fall under the category of weak stocks. And weak stocks tend to attract the attention of SHORTISTs. Cant blame them. We are all here to make money. And to make money, we go where the money is. If there is a monkey in the driver' s seat and he is going up, that is where we should go too. But if weak stocks are falling and still falling and the light at the end of the tunnel is not in sight, there is money to be made to go SHORT in such stocks and let gravity, fear, despair and giving up do much of the work. When one is trapped in such a stock and it is still falling, there are only two things left to do. One is to stay trapped. The other is to stop the bleeding and get out first. Even if one is a long term investor. Let me illustrate. Say someone who is a long term investor studied this stock and he thought that 1.90 was a good price to enter. So he bought. The price rose to 2.00 after that. This long term investor was all smiles. But the stock hit a brickwall after reaching 2.00 and started to fall. When the stock fell to 1.70 and the downward momentum was still strong, this long term investor who can hold for a decade or more if need be, decides not to fight the trend and to stop the bleeding first. So he cut at 1.70 so that he can spare himself the agony of more bleeding down the road ahead. After this long term investor cut at 1.70, the stock continued to fall and fall and today, that stock has seen a LOW at 1.06 and havent seen the real bottom yet. This long term investor intends to reinvest in this stock but now is not the time to do so. By cutting at 1.70, he has spared himself the agony of seeing his capital deplete by another 64 cts which can be hundreds of thousands if you are a bigtime investor. He is still waiting for this stock to bottom out. When it finally does and starts to recover, he will then buyback what he had cut at 1.70. Plus add more. That way, he wont need to wait for the price to recover to 1.90 before he becomes profitable. He bought at 1.90 and cut at 1.70. He lost only 20 cts. Just let' s say for illustration that this stock eventually finds it true bottom at 70 cts and U-Turn and continues to power up and this long term investor, after watching the price action for a while decides to buyback at 80 cts plus add more lots, to make back that 20 cts which he lost, this stock only need to recover to 1.00 and this long term investor would have recouped all his losses plus made 20 cts for the extra lots he bought.  Just sharing another perspective of how a long term investor can also incorporate a stop loss as part of his overall strategy to play this game better without detracting from being a long term investor.  Take care, guys. |
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wavehunter
Supreme |
19-Dec-2020 12:13
Yells: "Trade what you see, not what you hope to see." |
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Eatall
Veteran |
19-Dec-2020 11:55
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😂 ... Brudder... Why so negative...
I had been observing RS for quite some time... And I just wana tell u.... Don be surprise 😲 that those shortist will be badly 🔥 burn soon.. Make my word... 😂 Hahaha
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investor999
Elite |
19-Dec-2020 11:38
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Yes I am already staying sideline to see how the short sellers sell down. May be it will be 1.03 on Monday
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Eatall
Veteran |
19-Dec-2020 11:13
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Gd morning Brudder.. So far I see, action coming soon..
Do stay sideline and watch the show... Hv a great weekend
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investor999
Elite |
19-Dec-2020 10:05
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The closing of Friday showed how determined the short sellers are.
They placed sell Q at 1.09 and 1.10
Despite being bought up to touch 1.1, they were determined to force down the price.
As 1.1 could not cross, they became bold to sell down 1.08 at closing.
Now Riverstone is at the lowest closing and buyers are going to remain week before the long holidays, they will proceed to sell down 1.07 , 1.06
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ss2017.
Supreme |
18-Dec-2020 20:54
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Short sellers need buyers. When situations they have no buyers, if they keep sell down bid by bid, until one day one strong guy from opposite camp buy up 20 or 30 bids...
The trigger buy up can be any events. For example daily volume reduction is one of the them. Cheers all masks, gloves, ppe long holders. You will be rewarded handsomely in 2021.
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Eatall
Veteran |
18-Dec-2020 20:09
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They can continue their old monkey business... But soon, they will get 🔥 badly...
Believe me...
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TradeExpert
Veteran |
18-Dec-2020 19:46
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Agree
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TradeExpert
Veteran |
18-Dec-2020 19:45
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Agree. And there is support level at $1 to $1.08. Another few more days.... Once all the short sellers have cover their positions, it' s time for it to rocket up.  
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investor999
Elite |
18-Dec-2020 19:33
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next week shall be the same. Don' t Q to buy. Let the short sellers sell to market makers.   |
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investor999
Elite |
18-Dec-2020 19:31
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The other way is I buy the Q to sell only and not collect from those who sell down | ||||
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investor999
Elite |
18-Dec-2020 19:26
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Agree with you. The more contra people buy, the more he needs to sell. Averaging down is up to a certain extend. I see the price cheaper than what I have but I don' t want to buy because I have more than enough. 
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wavehunter
Supreme |
18-Dec-2020 15:17
Yells: "Trade what you see, not what you hope to see." |
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![]() Yes. This is her Weekly Chart. Every candle represents one week of trading. And each candle is lower than the previous week' s candle. |
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SGPhantom
Master |
18-Dec-2020 15:05
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Every week presenting " new low" .
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zandlery
Supreme |
18-Dec-2020 15:00
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It going to 1.80 soon... Take care
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