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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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wavehunter
Supreme |
14-Dec-2020 12:34
Yells: "Trade what you see, not what you hope to see." |
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We have probably seen the peak for COVID stocks. And from here, it will be downhill. Yes, there may still be attempts to bounce here and there but these will not be able to go back to their peaks. The EXCEPTION is IF... and that' s a big IF....if a monkey wants to come back to start another round of speculative fever to go all the way back to the peak or even beyond, if that monkey wants to do it and he has the money to do it, nobody can say no to him. Only an even bigger and stronger monkey can. I know that my monkey theory is not accepted by some of you. But at the same time, there are others who know PRECISELY what I am talking about. Though it cannot be proven short of an actual monkey coming here to confess to us that it is true monkeys exist and they do manipulate stocks to make money out of retail players mainly feeding on the fear and greed of us retail players and using these driving forces to extract money from us, those of you who are in the market long enough know that stock prices never move randomly but are controlled by market makers, stock operators, BBs...whatever names they are known by to you here and elsewhere which I simply call " Monkeys" . Why monkeys? Becoz a monkey is by nature sibeh jee siaw one. Likewise, BBs are also sibeh jee siaw. Even more jee siaw in fact. They always confuse us. Then take our money from us. To make money in the stock market, go where the money is. And the money is in stocks which have a monkey or Tua Phows. Becoz only when you have a monkey or Tua Phows (or both at times) that the stock will move. Find a stock which already have a monkey, try to figure out which way he is going, and join him. Not find a stock to park money in first and then sit around and wait and hope that a monkey will come to your stock to play it in the direction you are vested in. Becoz a monkey may never come. Then what happens to your position ? It will become stuck. Then only 2 things left to do. Stay stuck. Or cut.   
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ss2017.
Supreme |
14-Dec-2020 12:29
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Can anyone provide latest concrete data on this counter, consider add on. | ||||
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Alson18
Senior |
14-Dec-2020 12:26
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Ok,tks for yr valuable advise. 👍 👏
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ss2017.
Supreme |
14-Dec-2020 12:18
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Are you vested ?
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wavehunter
Supreme |
14-Dec-2020 12:16
Yells: "Trade what you see, not what you hope to see." |
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To cut loss or not is a very personal and emotional decision that every trader or investor will have to make himself/herself.  It is like a girl asking her good friend whether she should marry Tom or Dick. The good friend will say " That' s a very hairy question which you should answer for yourself" . 
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ss2017.
Supreme |
14-Dec-2020 12:15
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Write so long, may I know what is your message !?
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wavehunter
Supreme |
14-Dec-2020 12:09
Yells: "Trade what you see, not what you hope to see." |
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COVID stocks.... Top Glove, Riverstone, Medtecs and UG Healthcare. Put them together in your Watchlist and you can see them move together in tandem. Pull out their charts and you will see the same story - a super-charged rally fueled by speculative fever (that' s when a monkey was in the driver' s seat piloting the rocket) and then one fine day, the monkey parachuted out of the rocket leaving tons of unsuspecting passengers behind. Some of these passengers realised what had happened and they too parachuted out of the rocket either with what' s left of their profits or with a smaller loss. Those still on board and strapped down by their safety belts are the ones who need to adopt emergency procedures to brace for impact.  When Top Glove reported record stunning profits, how did the market celebrate the good showing ? By selling down the stock. For me, if I am vested in Riverstone, I would be thankful that Top Glove reported 1st (not Riverstone) and gave me the opportunity of an advance warning what is going to happen when Riverstone and the other two next report their profits which the whole market already know will be stunning, record-breaking or at the very least, very good.  What were glove stocks before the pandemic? Virtually unheard of. It is only becoz of the pandemic that monkeys saw a golden money-making opportunity to target COVID stocks for speculative fever type of Pump & Dump. And as always, they have succeeded in all 4 COVID stocks. Monkeys always win. Always. Becoz the Golden Rule of this game is that whoever is willing to risk the most amount of money on the table gets to say the stock goes up or down and if up, how high and if down, how low. And no one can stop the monkey. Not you, not I and not all of us...all the retail players in the market here and elsewhere around the world who are eyeing this stock can stop the monkey. Only another even bigger and stronger monkey can. But monkeys do show professional respect and courtesy to each other. Rarely will a monkey wants to Jee Siaw another monkey just to harm that monkey. Most of the time when a monkey is looking for a stock to start a game of musical chairs, when he looks at the price action, he will immediately know that another monkey is in the driver' s seat. And he will pass on that stock and look for something else to play. Why ? Very much like drivers who are caught in a tight situation and you need help from another driver to give way to you to help you out from that tight situation. Today you offer help to another driver. Tomorrow, it may be your turn to receive help from another driver. Those of you who drives know what I mean. Its about give and take. Monkeys do that too for one another.  Is this pandemic going to be with us forever? Nobody knows. But what we do know is this world will not allow this pandemic to cripple it and paralyse all economic activities. The world will learn to live with the pandemic and manage it. And life will go on. And probably without the need for so many gloves as what was required during the peak demand period. And hence in time and not that far from now, COVID stocks will once again fall out of the limelight and retreat back into the shadows where they were before the pandemic. COVID stocks are not like bank stocks or property stocks or REITs. These other stocks have always been there all along. They do well when the economy is booming. They retreat when there is a recession. But COVID stocks... they became famous and popular only becoz of speculative fever. When the fever subsides, COVID stocks will be discharged from the limelight and return to where they were pre-COVID. 
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SGPhantom
Master |
14-Dec-2020 12:08
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Although I agree with Bro wavehunter' s view, BUT we should make our own deductions and decisions. Can you leave your RS investment alone for next few months till next result is out - maybe it helps, maybe it doesn' t.  Recent results from other companies don' t seem to make any difference.  Moreover, we don' t know what is RS price by result date too. Will more downgrading news come? Is there catalyst in the horizon? And actually for me personally, it is the Opportunity Costs - is there another counter(s) that can give me better return(s)? If you can answer the above, I think you should be able to make decision on whether to exit / sell some / hold / buy more.  
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fatpanda
Supreme |
14-Dec-2020 12:04
Yells: "Another wonderful day!" |
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Bro, Don' t worry. Panda can just put this 20 lots for another 10 years, and wait for another virus to hit. Then, huat liao. Hahaha.... 
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TradeExpert
Veteran |
14-Dec-2020 12:00
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Its their strategy and taking advantage of the opportunties amid a crisis. Let the shortists do what they want and just follow the market flow. if they short, just wait for a lower tier support level Buy Call to scoop up. Once the shortists are done with their stuffs, they will buy in double to cover position and wait for the counter to bounce up again.  Already vested, have confidence in the counter and just need to do averaging do. Patience will prevail and show the power of this rocket. lolxx
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danger
Supreme |
14-Dec-2020 11:52
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fatpanda don' t be last one cutting loss and holding the baby for the BB | ||||
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Alson18
Senior |
14-Dec-2020 11:47
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Are you suggesting to sell..?? cutting loss now.?
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Eatall
Veteran |
14-Dec-2020 17:00
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Inflow 1.25m
Outflow 1.86m What does that tell u? Yao xiu o
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fatpanda
Supreme |
14-Dec-2020 11:42
Yells: "Another wonderful day!" |
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Bro, Dopn' t worry. 20 lots RS is not much to Panda. Panda is looking at other stocks and let the shortists and JPM played what they wanted to. It is a test to the market confidence.   
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Eatall
Veteran |
14-Dec-2020 11:37
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U sure or not, inflow currently 1.25 mil
Aiyoo... Yaw xiu o
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wavehunter
Supreme |
14-Dec-2020 11:35
Yells: "Trade what you see, not what you hope to see." |
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Bro Panda, Using purely TA and price action psychology (not FA) to trade this fellow hor, me think that if she does a slowly bleed to death kind of price action, then any bounce from such slow bleeding will just be a whimper. Not worth risking capital for a 1 to 2 bid trade. But if there is panic selling and she falls off the cliff fast & furious mode, then yes. A bounce from such a price action  will usually offer more meat for short term traders. Given that this fellow is now like a house on fire where people are getting OUT and nobody wants to go IN, she is easier to trade from the SHORT side. And the best time to open a SHORT position is when a bounce fizzles out. Today' s price action is a reaction to JPM' s overvalued call. So better to wait for another day to see if today' s weakness is a one-off knee jerk reaction. If the effect of JPM' s analysis wears off by later today or tomorrow, the price will stabilise until the next catalyst is here. But if the price continues to fall tomorrow, then its not a one-off knee jerk reaction anymore. Its something more organic and it wont be good for those vested LONG. But as of now, this stock, to me, is like this house. . ![]()
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SGPhantom
Master |
14-Dec-2020 11:33
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The revenues & profits will still be there. But so far, all the latest rounds of results from different companies didn' t do anything to their stock prices. Maybe market feels that everything is priced in. Current poor sentiments also do not help.
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Longtermer
Elite |
14-Dec-2020 11:22
Yells: "A disciplined investor is a wealthy investor" |
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Funny.. Glove companies presented glove orders backlog till 2021. Profits continue to improve for a few qtrs from these orders. Seems like this latest report will cause them to vanish.. is it? | ||||
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Alson18
Senior |
14-Dec-2020 11:22
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When things are bad... They will make it worse, Timing of JPM is bloody smart. Must hv been shorting... |
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SGPhantom
Master |
14-Dec-2020 11:00
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I also do not have much invested anymore, but seeing the freefall weekly is quite shocking and painful. Another concern, of course, is the dowgrade report by JPM the first of many to come? Will other houses follow suit? Is there really something that retailers like us do not know yet?  
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