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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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SGPhantom
Master |
12-Nov-2020 10:39
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Looking at how it gets forced down everytime it climbs 1-2c, it looks ugly again today. For any remote chance of revival today, it has to fill the gap at 1.50-1.52. Best of luck guys!   |
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Sgvale
Supreme |
12-Nov-2020 10:30
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Be careful another round of quick sand. Just monitor market signal. These few days are enough to scare most.
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SGPhantom
Master |
12-Nov-2020 10:26
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It has crashed through all recent MAs.  Wait for the rebound, if any.  Just beware of a fake uptick.
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SGPhantom
Master |
12-Nov-2020 10:23
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The last time they crashed, it was about 50%. This time can be more, can be less, who knows. Just be patient and look for upturn.  Beware of the fake uptick.
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stanip
Veteran |
12-Nov-2020 10:19
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Just puzzled why RS drops so much more than other glove counters... may be BB is playing this down to accumulate.  Looked at yesterday short selling report, short selling volume seems slowing down.  Doing some small bottom fishing along the way... keeping my fingers crossed. A scary ride.
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humblestudent666
Senior |
12-Nov-2020 10:13
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any TA geniuses here? I do not see any strong support, considering every day it breaks. what is the next support level? |
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Sgvale
Supreme |
12-Nov-2020 10:12
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I vested TG a few rounds.
May look at RS again. PPE looks even more attractive now |
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justin79
Senior |
12-Nov-2020 10:10
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Looks like we are at the bottom of the W. If it can close in the 1.5x region, it will begin its ascend
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Sgvale
Supreme |
12-Nov-2020 10:03
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BBs may wait on sideline leh
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Sgvale
Supreme |
12-Nov-2020 10:01
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Looking at Riverstone & Top Glove stabilising. Dumping may be bottom..These few days PPE had already plunged btw at least 30%-40% | ||||
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Flyingtask
Supreme |
12-Nov-2020 09:53
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Glove demand creates path for rubber farmers A venture cashing in on medical products may help rural economies PUBLISHED : 12 NOV 2020 AT 05:11 NEWSPAPER SECTION: BUSINESS WRITER: LAMONPHET APISITNIRAN https://www.bangkokpost.com/business/2018339/glove-demand-creates-path-for-rubber-farmers (( Thai market??)) |
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Bongbong
Master |
12-Nov-2020 09:52
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Yes agree with the point fundamentally nothing changed.  now is waiting for the time to buy in again at discounted prices
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SGPhantom
Master |
12-Nov-2020 09:51
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This exact scenario happened 4 months ago in July, where all med-related counters crashed due to vaccine news. But this time the rebound will not be that strong as the reality of vaccine roll out is getting closer. I'm vested by the way, but I've sold half a while ago to lock in some profit. And now looking for opportunity to go back in to abe the other half. But have to wait for sentiment to turn. Fundamentally, nothing much has changed. | ||||
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humblestudent666
Senior |
12-Nov-2020 09:50
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have to wait for 19th. i mentally prepared for massive dumping on that day. people lost confidence in this counter, cos originally they believe covid to last to 2022, 2023. so many ppl buy this wanting to get out just before vaccine hit. now got some small vaccine news, all run already, protect profit or take small loss.  together with the shortists who short this, who still dare to buy? typical no buyer, heavy selling pressure. price sure go down.  look at some stocks on SGX, like SIA, or on Nasdaq, like NIO. Overwhelming confidence and trust into the companies, rain or shine people buy and hold. This RS, very sad to say, people have no confidence. Myself losing all confidence despite being vested.  can only say, lucky I made some profit off the other glove counters bought in first half of the year, net still positive, nevertheless painful.
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SGPhantom
Master |
12-Nov-2020 09:47
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I beg to disagree. Every price fluctuations provide opportunities. We cannot hold just for fundamentals, knowing that we can always buy back cheaper. No one long and short forever.
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tohchinhwee
Senior |
12-Nov-2020 09:43
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Why bonus not credited into cdp account. Want to sell also cannot. | ||||
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Bongbong
Master |
12-Nov-2020 09:41
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Today seems like medtecs n UG kena heavier, RS still see some buying action. so I guess it' s fundamentals will help cushion the fall abit, just let it fall and buy more at better prices. as long as u can hold n buy at discounted prices. Things will work out |
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humblestudent666
Senior |
12-Nov-2020 09:40
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the only way for holders to make money off this stock is to short it now. from 1.95-2.0 on Monday, to 1.4x now. making 60 cents per share. 1000 shares also make $600. Cash outlay of $2000 can make $600. more dumping will continue until after the bonus is given. No news can bring this up already, if the past months are an indicator. Increasing number of deaths, second lock down, 3rd lock down, EU and USA lock down, President say glove and mask still needed, Vaccine is not here yet and battle is not over. Yet, no one is scared anymore. Production has caught up and overtaken demand. This one can only go lower now. Unless suddenly the whole world say Vaccine not usable, covid to last till 2025, maybe then this stock can move upwards. I am a holder, never short this before. Now I regret, should have kept shorting since the big drop from $4. |
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Hector
Veteran |
12-Nov-2020 09:39
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RS has good fundamental with profit every year and especially good profit during this pandemic Selldown seems no reason...sad  |
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Flyingtask
Supreme |
12-Nov-2020 09:39
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If looking long term, should not care too much
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