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5961-5980 of 6935
yes !! 4.10 shorted at 300lots ...please do more...please !!! else my pants off liao !! :P thank-u whoever let go at 300lots!!
Still urge caution on SPC. It may not have bottomed out yet.
looks like the $4.10 support level is holding well for now.
But u never know in the afternoon, some big boy may suddenly offload huge quantities.
But u never know in the afternoon, some big boy may suddenly offload huge quantities.
ayo....come on guys!! dun keep it at 4.12 leh...do a thorough job to bring this counter further south please......ayo.....
hee...4.12 now!! not bad...could my dear shortists comrades...pls cont'd to short the counter further leh..else i got to naked short liao...
Oil Trades Near 19-Month Low on U.S. Demand Slide, OPEC Doubts 2007-01-11 By Gavin Evans
Jan. 12 (Bloomberg) -- Crude oil traded little changed near
a 19-month low after falling for a fourth day yesterday on doubts
OPEC can cut production fast enough to prevent a slump in U.S.
heating demand boosting second-quarter stockpiles.
U.S. fuel use dropped to the lowest since April 2004 last
week as mild weather curbed demand and distillate and gasoline
supplies in the world's biggest oil consumer rose for a fourth
week. Oil's fall below $53 is ``unacceptable'' and members of the
Organization of Petroleum Exporting Countries must make the cuts
agreed, group president Mohamed al-Hamli said yesterday.
``Inventories are comfortable,'' said Tobin Gorey, commodity
analyst at Commonwealth Bank of Australia Ltd. in Sydney. OPEC
will struggle to hasten their production cuts ``unless they do
something really drastic,'' he said.
Crude oil for February delivery was at $52.02 a barrel, up
14 cents in after-hours electronic trading on the New York
Mercantile Exchange at 10:15 a.m. in Sydney.
The contract fell $2.14, or 4 percent, to $51.88 a barrel
yesterday, the lowest close since May 27, 2005. Futures touched
$51.80, yesterday and are down 15 percent so far this year.
U.S. crude-oil stockpiles held 314.7 million on Jan. 5, 7.1
percent higher than the five- year average for the week, the U.S.
Energy Department said Jan. 10. Daily fuel demand, based on
deliveries from refineries, averaged 20.4 million barrels in the
four week period, 4.2 percent less than a year earlier.
OPEC Discipline
``Inventories are rising and demand is falling, a
combination that's going to keep downward pressure on prices,''
Michael Lynch, president of Strategic Energy & Economic Research
in Winchester, Massachusetts, said yesterday. OPEC's
``announcements of further cuts will be shrugged off because they
didn't show strong discipline in November.''
OPEC, which produces about 40 percent of the world's oil,
decided in the fourth quarter to cut output by 1.7 million
barrels a day by Feb. 1. Consultations among ministers about
falling prices are ``ongoing'', Al-Hamli said yesterday.
The 10 OPEC members with production quotas pumped 385,000
barrels a day more oil than their agreed target last month,
according to Bloomberg data. OPEC had 3.69 million barrels spare
capacity in December, the most since June 2003.
``OPEC is taking action to put a floor under prices,'' Paul
Crovo, a Philadelphia-based oil analyst for PNC Wealth Management,
said yesterday. ``The cuts might not have the desired effect
because spare capacity will grow.''
Saudi Arabia is the group's biggest producer. Saudi Aramco,
the world's largest state oil company, informed South Korean
refiners that supplies will be cut by between 11 percent and 14
percent next month, refinery officials, who asked not to be
identified, said yesterday. Refiners in Japan will receive
between 10 percent and 12 percent below contracted volumes,
officials said.
``The Saudi announcement is a case of too little too late,''
Nauman Barakat, senior vice president of global energy futures at
Macquarie Futures USA Inc. in New York, said yesterday. ``Unless
the Saudis are ready to make bigger cuts and become a swing
producer this market will continue to unravel.''
--With reporting by Mark Shenk in New York and Andy Critchlow in
Abu Dhabi. Editor: Russell.
Jan. 12 (Bloomberg) -- Crude oil traded little changed near
a 19-month low after falling for a fourth day yesterday on doubts
OPEC can cut production fast enough to prevent a slump in U.S.
heating demand boosting second-quarter stockpiles.
U.S. fuel use dropped to the lowest since April 2004 last
week as mild weather curbed demand and distillate and gasoline
supplies in the world's biggest oil consumer rose for a fourth
week. Oil's fall below $53 is ``unacceptable'' and members of the
Organization of Petroleum Exporting Countries must make the cuts
agreed, group president Mohamed al-Hamli said yesterday.
``Inventories are comfortable,'' said Tobin Gorey, commodity
analyst at Commonwealth Bank of Australia Ltd. in Sydney. OPEC
will struggle to hasten their production cuts ``unless they do
something really drastic,'' he said.
Crude oil for February delivery was at $52.02 a barrel, up
14 cents in after-hours electronic trading on the New York
Mercantile Exchange at 10:15 a.m. in Sydney.
The contract fell $2.14, or 4 percent, to $51.88 a barrel
yesterday, the lowest close since May 27, 2005. Futures touched
$51.80, yesterday and are down 15 percent so far this year.
U.S. crude-oil stockpiles held 314.7 million on Jan. 5, 7.1
percent higher than the five- year average for the week, the U.S.
Energy Department said Jan. 10. Daily fuel demand, based on
deliveries from refineries, averaged 20.4 million barrels in the
four week period, 4.2 percent less than a year earlier.
OPEC Discipline
``Inventories are rising and demand is falling, a
combination that's going to keep downward pressure on prices,''
Michael Lynch, president of Strategic Energy & Economic Research
in Winchester, Massachusetts, said yesterday. OPEC's
``announcements of further cuts will be shrugged off because they
didn't show strong discipline in November.''
OPEC, which produces about 40 percent of the world's oil,
decided in the fourth quarter to cut output by 1.7 million
barrels a day by Feb. 1. Consultations among ministers about
falling prices are ``ongoing'', Al-Hamli said yesterday.
The 10 OPEC members with production quotas pumped 385,000
barrels a day more oil than their agreed target last month,
according to Bloomberg data. OPEC had 3.69 million barrels spare
capacity in December, the most since June 2003.
``OPEC is taking action to put a floor under prices,'' Paul
Crovo, a Philadelphia-based oil analyst for PNC Wealth Management,
said yesterday. ``The cuts might not have the desired effect
because spare capacity will grow.''
Saudi Arabia is the group's biggest producer. Saudi Aramco,
the world's largest state oil company, informed South Korean
refiners that supplies will be cut by between 11 percent and 14
percent next month, refinery officials, who asked not to be
identified, said yesterday. Refiners in Japan will receive
between 10 percent and 12 percent below contracted volumes,
officials said.
``The Saudi announcement is a case of too little too late,''
Nauman Barakat, senior vice president of global energy futures at
Macquarie Futures USA Inc. in New York, said yesterday. ``Unless
the Saudis are ready to make bigger cuts and become a swing
producer this market will continue to unravel.''
--With reporting by Mark Shenk in New York and Andy Critchlow in
Abu Dhabi. Editor: Russell.
that why never try to predict Mr.Mkt mood...
up & down any time...
up & down any time...
the question is who bought it??
oh shacks!! who is the joker that jackup the price when i shorted?! basket..out to catch the shortists is it?!??!?!
ohh no !! :(
hey!! no offend hor...since u see the trend and u CANT beat them...JOIN them !!!! hee....wat are u waiting for..$$ is there !
hee...gd luck!! i hv taken my steps..the rest is up to u :D
ha ha.. bastard nickyng, hah a.. kidding la..
anyway, you will see the trend of this counter at 4.40 pm, always like that this week..
hee...i hv shorted 3x lots..hee...try my luck...come on baby !! shortists do your job leh!!! :P
oops!! hee...my mistake typo...no leh..SIA and comfortDelgo din raise much leh....
Really! ..... transportation related stocks like SIA will rise!
BTW, its CRUDE oil... not CRUEL oil.
BTW, its CRUDE oil... not CRUEL oil.
oh...shack! CRUEL OIL US$51 !!! oh no...SPC sure lao sai today !!
no1 can save it now!! come on shorties!! wat are u waiting for ? hee...
Hi guys,
Any ideal when is SPC report is coming out? Don't know if the perforance will be good.
If the result not good then it will dampen further.....
Maybe it will hit $3.8?
M waiting 4 price cut! Another 5c maybe??
Yes, it will.
U.S. light crude settled down $2.14 to $51.88 per barrel after touching $51.80, the lowest price since May 31, 2005. London Brent crude was down $1.99 at $51.70.
If this counter needs to fall hard before it can rebound high, then let this baby fall so hard that it will rebound to the sky.
Crude futures fell to below $52 a barrel. Could see sub $4 today. Just my 2c.