SPC   

SPC

i m tempted to short at $4.42 today...let me monitor till 10am or so..hee..well...i contra/short 3-4lots at most...wont loss big or gain alot...juz for the thrills :P

 

SPC realli enjoys playing yoyo with its share price eh?

 

16:02 US TECHS: Commodities, Gold Remains Bullish, Oil in Correction]

Boston, 
January 29. The dip on Friday in Gold found further weakness today, but failed to build on that selling, leaving the market about unchanged on the day. The return to neutral prices will allow the bullish signals on daily charts to continue, including Trend Intensity, See 8033 , and 14-day slow stochastics.   
However, a break above the key range high at $655.5 is needed to confirm that further upside is possible. A failure to rise above that level would make more 
range trading most likely.                                                      
Oil signals are leaning bullishly with daily oscillators topping the list of buy signals from oversold readings. However, the market is holding below the 38% retracement of the decline from the early December high to the January low, which lies at $56.89. Further stalls below that level will indicate that the current bounce is a correction within a continuing bearish move, which would be expected to restart bearish trend signals that are currently neutral.
Chris.L.Moore@Thomson.com

 

hi profit, the TA si fu is singaporegal... you have to wait for her occasional visits to this thread to give her advice..  most of us here are FA ..

but re your TA my FA approach tells me we are on a uptrend.. the contrarians like Nickyng is just have a ball of a time with the yo yo of the climb at the moment...

 

ok kilroy, i think I understand what you are trying to say but I am not sure... but it is not important..  the fact is I agree that the price trend for SPC is up...  I am just hoping that the slope is higher than what it is doing now.. in this case not really instinct but kan chiong..

anway, lets see what happens 2molo..

thanks Livermore for the encouragement...  

Giantlow.. I think we should be alright.. but keeping fingers crossed.. :-)  meanwhile the cold in US NE is getting colder.. they are getting another wave of the artic air.. 

 

Hi Giantlow,

You should break even real soon. No worries man...........

 

You know when you play a game of baccarat, the win is either the banker, or the player or a tie.  The history of the previous outcome has no bearing on what is going to be the winner for the next hand.  A lot of time, its based on intuition and like what you and giantlow mentioned.  Thur & Fri, SPC to me wasnt going anywhere but i did hope the price will continue it mini uptrend. So when you say it will go up, I felt what you said was based on your intuition and the confident you had on the price action.  To me, its like someone confirms my inituition (in agreement) as well.  Holding on to the lots I collected during the recent low, I am glad I decided to hold on. Today's high is higher then friday's high and today's low, higher then friday's low.  Price needs to break past 4.48 to continue its uptrend and anything below 4.38 wont be good. 

 

hi kilroy, no problems mate.. no I was not offended the least.. I guess the manner in which I wrote may have given you the impression but, I no, I understood that that you are just making a sweeping statement and not aim at me. 

But I am curious at your wanting to hear my intuition.. how can one properly explain an intuition?  I guess there is always the element of a lot of personal experience in it, but it is really extremely difficult to write in a post.. better if I have a few pints of beer, etc  and it would be anyway very convuluted and chian hei... ;-)

 

HI All, I am new on TA and just learn about MACD recently. Base on TA, SPC has breakout at 4.38 and is showing a reversal of downtrend at 4.40.The MACD moves across the zero line today. It shows the bullish strength on MACD H. My predition, the resistant price = 4.50, and 4.70. Even it drop, the support line will be the at around 4.30.

It's just for sharing information and hope that i might be right. Is there any similar comment.

 

Heya Chinkiasu, I am not saying you are producing noise. :)   I am sorry if I have made you misunderstood me. I wanted to hear your intuition thats all.  If its all the research that you have done, makes you think the stock will raise, I am also fine with that reply. Thanks for sharing

 

woa, mr Ng, lu aeh sai.. u very chun... u hit the high 3.48 and low trade at 4.38 and you got it at 10cts dif..  peh fu..

actually how much money did you make?

 

nickyng, i don't understand .. what does it mean by cover your short at 4.38? u can select the price ? thought it depends on the closing price?

 

ok...cover my short at $4.38 liao :D gd luck to those who also shorted...hee

 

the risk/reward ratio isn't good. if u buy 3 lots and the price drops 4 cents. you only get a net gain of less than $100. the only person happy would be your broker, who gets commission from your frequent trades

 

dear nicky, u have 4cts to sweat over.

 

wonder if this new mean SPC up or down? hee...



SINGAPORE, Jan 29 (Reuters) - Exxon Mobil Corp. (XOM.N: Quote, Profile , Research) has restored runs at its Singapore refinery to normal rates after cutting production by 8-10 percent last August, as primary margins turned positive, refining sources said on Monday.

The U.S. oil major has resumed production at its 605,000 barrels per day (bpd) facility, the biggest refining complex in Asia's oil hub Singapore, to typical levels of 93-94 percent of capacity around second-half December, one source said.



Simple margins had been in the red for more than six months, Reuters data show, dampened by poor demand for heating oil due to a mild North Asian winter.

When contacted, an Exxon Mobil spokesman declined comment.

"It's no surprise that they have brought the refinery runs back to normal levels. The margins have been positive since last month and crude prices have dropped quite a lot," a Singapore-based refiner said.

Rising oil product prices versus falling global crude benchmarks led to the decision to restore runs, other traders said.

Asian primary refining margins were at $1.38 a barrel on Monday, having turned positive on Jan. 5, and has remained in the black since, Reuters data show <REF/MARGIN1>. Margins hit an eight-month high of $3.30 a barrel on Jan. 12.

Front-month gas oil crack spreads rose to a three-month high of $15.51 a barrel last Friday, staying at stable levels of $14-$15 all week and rising from a low of $10.95 at the beginning of the month.

Crack spreads for fuel oil, which had fallen to all-time lows around minus $20 a barrel in August and contributed to the run cuts, have also rebounded, hitting a 10-month high of minus $9.15 last Wednesday. The spreads have been stable around $9-$10.

 

Hi lewsh88: after read ur postings. i found that u and me are under the same strategy of investment. This strategy is almost "sure win" for the past years. be share information and alert me when time to add load on certain blue chip when u thinks so. btw i also spare some $ for short term play to excite my heart beat and keep the brain work constantly.

 

i just did ! shorted 3x$4.48 !! hee....watch it ! :D

 

a la.. don't talk crabs, just short it then...

 

ok..enough talk..let's short tis further ! :P hee...any1 shorter? hee...looks like Europe CRUDE opening isn't supportive :P