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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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investor999
Elite |
24-Nov-2021 14:28
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One thing for sure. Glove counters have absolutely lost investors confidence. So much so that people just come in for quick short gain. The worse is people selling down on each other ownself kill ownself see who kill themselves last | ||||
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Longtermer
Elite |
24-Nov-2021 13:38
Yells: "A disciplined investor is a wealthy investor" |
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The point is nobody know.. Company has lot of cash and still making so much going forward.. Check the balance sheet and last qtr profits. Patience is key.  
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JessTrang
Veteran |
24-Nov-2021 13:20
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Drop 13c up 3c is a uptrend to some... 🙄 🙄
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vix787
Member |
24-Nov-2021 13:02
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Just have a look on the Q volume at 72c, almost 1.4m.
What the.......... Either shortist put a short position at that price or whoever/whatever put a block there.
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sutiono
Veteran |
24-Nov-2021 12:58
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Another 20 trading days , EPF has no more RS shares to sell , even of they wish to sell .
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vix787
Member |
24-Nov-2021 12:20
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But the bad point is their constant selling create a good environment for shortist. I'm sure when they sell, people get wind of it and short along with them.
Everything start to collapse when EPF start selling says my theory is correct. So to see any real meaning reverse, EPF have to stop selling.
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beng1102
Elite |
24-Nov-2021 12:10
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EPF is risking member' s money when investing.  The rest of 70m shares is now so cheap.  This asset pays > 10% so EPF should have raised secured debt @2% and still make more than 8%.
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wavehunter
Supreme |
24-Nov-2021 12:09
Yells: "Trade what you see, not what you hope to see." |
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" .....short sellers are aware that they just cannot fight the uptrend,....."   What uptrend ???    . ![]()
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sutiono
Veteran |
24-Nov-2021 12:02
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EPF has been selling many other counters to raise cash . They still has about 70m shares in RS . IF they sell another 30m , mkt should be able to absort sll without any problem.
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vix787
Member |
24-Nov-2021 11:53
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But the rising pattern today look like the past few bounce indeed. Always big amount blocking at certain price.
Looking at TG EPF daily selling, suspect the big amount are EPF.... They also keep selling RS. My best guess if want to start a good reverse, have to wait till EPF stop selling. When I don't know becos they don't need to report
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sutiono
Veteran |
24-Nov-2021 11:41
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Yes , the short sellers are aware that they just cannot fight the uptrend, they will get burned badly by shorting a solid company .
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wavehunter
Supreme |
24-Nov-2021 11:09
Yells: "Trade what you see, not what you hope to see." |
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wavehunter
Supreme |
24-Nov-2021 10:43
Yells: "Trade what you see, not what you hope to see." |
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Bro investor, This current bounce will be no different from all the previous bounces we have seen. You were here when I first suggested to those stuck and who want out to sell into a bounce. After that came a bounce to 1.59. Those who did sell into that bounce, any regrets ? And that was not the only bounce. There were others after that 1st bounce to 1.59. Those bounces reached 1.53....1.34.....1.30...1.28. The last 2 bounces reached 95 cts and 83 cts. Those who are still hopeful that this stock will do what you expect her to do, I wish your dream will come true. But those who have lost faith in this stock and wants out before you lose more of your capital, this bounce is your ticket to cut higher. If that is you, follow this bounce up. When it fizzles out and reverse, that is your cue to do the needful. Keep a lookout for selling in big lots. After this bounce has run its full course, she will go down yet again to say " Hi" to 0.685. And then continue to head south to show us her New Low again and again. Where will she find her bottom ? My guess is - where she came from before the pandemic hit us. And what next when she has found her bottom ? Rebound strongly and high enough to reach the average price of those who has been averaging down for the last 1 year ? That would be wholly unrealistic. If she is that strong, she wouldnt have fallen in the first place. Mind you, from the time of her 1st bounce to 1.59 after I came here till now.....at a New Low of 68.5 cts, she has lost 90.5 cts or almost 57% of her value. After she has found her bottom, she may bounce but it wont be the spectacular type of bounce which retail investors are hoping to see and counting on with their life savings. My take is just like the many stocks before her, stocks which were hand-picked by a strong monkey for PUMP & DUMP, after the monkey ran road, those stocks never saw the light of day again. They returned to where they came from before the hype started and settled down to rest there and became a sleeping beauty.     
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investor999
Elite |
24-Nov-2021 10:19
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Yes you are right. Have to wait till end of day.
Only when it closes up can we say possible bottom has reached.
Even then whether it plunge down again next few days is another possibility.
We have people selling and cut loss and giving up and people hold on with much difficulties.
This is the stock market where it responds to composite of all the emotions.
The worse thing is some players are capitaling on other players by cutting loss and short down.
This is very bad if the big players are doing.
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Midtermer
Master |
24-Nov-2021 09:45
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I feel u bro, hopefully today is a meaningful reversal and not just another short covering. We will know in the afternoon. Cheers.
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beng1102
Elite |
24-Nov-2021 09:44
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A shareholder has many shares and is generous enough to sell below the valuation supported by the the balance sheet.  So from investment and valuation perspective it is could be a good investment to buy some and hold.  U r right from trading/speculation perspective, so cut if off if u wish and don' t buy until the selling is over and down with.
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investor999
Elite |
24-Nov-2021 09:31
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I have learned from glove stocks not to fight with the market. When I learned to let go ( painful lessons indeed ) instead of averaging down, is when the market stop falling. Whether go up or not depends on the market. Let go | ||||
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easywin
Supreme |
24-Nov-2021 09:21
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Riverstone turning point beginning from here! | ||||
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Richardlai
Master |
24-Nov-2021 09:16
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I am looking at a dollar ! Good Luck to those still holding !
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Checkerman
Master |
24-Nov-2021 08:48
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60 cents soon | ||||
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