SPC   

SPC

hee..covered at $4.16....almost break even... phew!

 

wah nickyng, even if close at 4.14 today still cannot cover le!

Whole day BBC news deep freeze in US & Europe, may over-ride surplus stockpile in US.

Vested at 4.44

 

Wa.. nickyng... I salute you... you are so brave... :)

 

steady....ai zai!! hee....

 

uh oh. nickyng, your pants is coming down man!

 

Wow Nickyng, you really CHONG! Think you should do at 4.2, i may do that if i have the fund. Just invest in SembCorp Marine this morning. Good luck to you! Everyone HUAT ah...

 

hee...hanging on to my undies tightly liao !! aya...juz stay tuned and watch the drama unfold...tried few times liao...unlikely will be wrong this time ;P

 

hope u still have your pants on later in the day. hahaha

 

hee...ok shorted this morning at 3x $4.18 :P ...any takers?? hee hope can cover later :D

 

Yesterday, Price increase was probably due to anticipation of result.

 

chipchip66, 19 months back is about June 2005, the price in June 2005 is about 4.6 - 5.0, which means, it's a good buy, if u calculate in linear form.. well, since the dividend paid out is in May (every year), so, I am planning to wait for few weeks, probably after chinese new year.. see how it goes..

 

oil price is still an impact to this counter.

 

sooo nickyng,

looks like there is opportunity to short this counter again eh?

 

oil fell to below $50 to 19 month lows. winter storms or not will not help the spiral downwards to sub$50 levels.I wonder what is the SPC pump price 19 months back?

 

Folks, take it with a pinch of salt on the news I have posted.  You will need to filter out the rumours in which I consider it as 'market noise' and listen to what is factual. :) Goodnight~

 

[15:45 US ECON: Crude Oil Inventories Rise 6.8 Mln Barrels] Boston, January 18

[15:41 USD/CAD: Few Surprises in MPR; Oil Slides Again] Boston, January 18. The update to the BOC"s monetary policy report offers few surprises and it gives the Bank ample ammunition to remain on the monetary sidelines, as expected. A cut appears to be quite a ways away as the economy operates near capacity, the report says.
USD/CAD has zoomed back up as oil turned sharply lower after the US inventory data. Prices are back on the $50 handle after a rise above $52 yesterday. Asian selling is rumored in the 1.1770s on strength, dealers report.
Jamie.Coleman@Thomson.com

 

hullo giantlow, long time no see/hear. :)

haven't been posting here 'cos simply can't keep up.. work busy, and forum threads move too fast. am holding btwn 4-7 counters that are changing quite rapidly so really can't keep up with everything. i tend to read only what i'm vested in (TA, not FA) or if title interesting. CMI (cannot make it) liao. zzzz.

you seem to be holding up pretty well tho. :)

and em. i think SPC is not tracking oil price now. i think it's tracking US weather.  

 

Giantlow...
Maybe double or even triple bottom in view of the long downtrend from 6.05.  But  triangles, wedges and trapezoids are also possible, not likely to be a simple V bottom.

 

KiLrOy, elf is a female.

iPunter, at least we might see a chance of a double bottom forming?

 

[15:25 US TECHS: Commodities Outlook; Gold and Oil] Boston, January 18. 

[Gold] is now at 12 on our Trend Intensity indicator, a very low and trend-ready level. Recent gains have not been enough to trigger a new bullish signal, but further advances will set one in motion.  The market closed above converging 40- and 50- day moving averages yesterday (631.00-40) and has used them as a springboard today.  On nearest futures charts, a break outside the triangle defined on the top side by mid-July and early January downtrends would require an advance of about $10 from current levels, $645.  Intraday supports are a shade below $634.
Daily stochastics studies hold a bullish divergence, and 14-day RSI has broken above a downtrend from late Nov/early Dec, making a test of $645 more likely.   
Despite weakness, [oil] can shift long-bearish daily trends to neutral with a $52 (Feb) or better close today.  The general holding of key weekly and monthly supports increases the chance for a counter-trend bounce, in our view, though this market is far from setting its ultimate lows.  Long-term oscillator
studies may have bottomed out at the start of the week, and MACD, another proxy for momentum, shows a probable bullish divergence setup on daily studies.  It is unlikely that the precious metals and energy complex are going to carve out sharply different paths, so remain alert for a short-term lift.  Minimum Fibonacci retracements are at least $4 higher from yesterday"s $50.28 floor.   
Joel.Marver@thomson.com