SPC   

SPC

Thanks Sporeguy... you're such a kindly guy from Spore... :)

 

[15:29 US TECHS: Commodities Outlook; Gold and Oil] Boston, January 11.  On nearest futures charts, [gold] has been in a large symmetrical triangle since peaking in May, with very gradually rising uptrends at $566.50 today, not far below the downside objective of the H&S top discussed over the past few weeks. 
Measured targets on intraday data dating back to Dec 1 of last year show the $600 area as very critical, with a break below leading firmly lower.  At present levels, IFR"s proprietary Trend Intensity index remains bearish but should stay at 14 for a fourth day, requiring a new break to be reinvigorated. With new lows set again today, [oil] is closing in on major technical and psychological support in the $50 region.  Some Elliott wave counts project lows in the $52.40-90 zone, essentially hit today.  A push past $55.30-40 would neutralize bearish daily trends but come nowhere close to threatening extremely robust weekly and monthly bear trends.  Daily supports near $53 were only slightly violated at the lows today.  Long-term oscillator studies are at their most oversold level we have measured (going back to 1993) but not significantly greater than extremes reached last October and November, so contrarians can view this as at least a slightly bullish divergence setup.  Picking a bottom, of course, carries the usual caveats.  Joel.Marver@thomson.com

 

look at the trading style... only during the opening & closing have heavy volume. look like SPC baseline is still supported.... just hope it won breaj down below $4

 

Hi Ipunter the website is http://sg.finance.yahoo.com

 

Sporeguy... which section of Yahoo shows the 5-yr prices?

 

Noble has gone into Ethanol trading. Could be a good money spinner in future if it takes off!

 

Look at Nobel Group

 

With the bandwagon on alternative reasources like WTE, Bio-Diesel, Ethanol, natural gas, hydrogen,Solar energy etc, reliance on Crude should fall gradually. As oil has peaked, we probably should park our money into companies working on alternative fuels as they could gather an increasing share of the energy market. So should we be looking at MAE, Cnersave, Noble, Wilmar to name a few?  

 

the giant can't keep his eyes open much longer



so its goodbye and goodnite from the giant

 

huh, something wrong with the timeline elf.

your analysis was on 8 Jan 2007, Temasek increased stake was on 8 Dec 2006. i attach the notice here

1.

Date of change of Deemed Interest

08-12-2006

2.

The change in the percentage level

From 44.07 % To 45.02 %

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	1. Transactions by (i) DBS Group Holdings Ltd ("DBS") group of companies. Temasek directly and indirectly owns approximately 28% of DBS; (ii) Keppel Corporation Limited ("KCL") group of companies. Temasek directly and indirectly owns approximately 22% of KCL; and 2. the issuance of shares and share buybacks by SPC resulting in a change in its issued share capital from 513,441,857 shares as at 6 March 2006 to 515,093,357 shares (excluding 550,000 treasury shares) as at 8 December 2006.

 

SJ chart only displays about yr input. Looking at the chart from Yahoo (gives some counters' prices of more than 5 yrs) , the price of SPC has peaked in Aug 2005. Looks like SPC is on the 3rd wave down confirmed in the last quarter of 2006.

 

Temasek didn't buy directly. DBS and Keppel Holdings bought SPC shares in December. Temasek has substantial holding in both companies thats why its reported.



I heard reports that cold weather might be just arriving in the upper hemisphere. "Arctic air will move into the Northwest late Tuesday and bring snow to Seattle and Portland in the "the first shot of true winter weather that will spread across the nation in the upcoming week," AccuWeather reported. "

 

I think the fall of crude oil has great impact to this counter. It has been falling since the start of falling crude oil price.

 

ah, i should have specified: institution Temasek buying. i.e, that means even for that one day that i did the detailed posting on institutions bought--there was artificial noise generated 'cos temasek bought like 1% or so of the stock. i.e., count off prob 100 lots or more (what's their total no of shares) off inst bought, which means, leaving out temasek, other big boys were actually selling.

vols seem to be stabilising but it's still dropping. sigh. like i said, reasoning or unreasoning, spc tracks crude.

you have til march isn't it? since you don't seem to be willing to let go, then really, isn't the only option to hold?

eh sorry, really very sleepy, need to zzzzz.....gonna be an elf in hibernation man. act came on just to drop note to awchyeong for allgreen.

 

Yes. Has Temasek bought as mentioned by some forummers here or is it heresay ? Also not invested. I remember some of the forummers said  "dangerous to catch a fallen knife".

 

Sad to see some of you losing paper lost on SPC. Looking at the chart, SPC has been dropping from the ht of $6 at 3rd May with no sight of reversing the fall. Has Temasek bought as mentioned by some forummers here or is it heresay ? May be someone can check out from relevant sources. Not vested in this counter.

 

Hi all,

From pure TA point of view, I still can't see any sign of trend reversal yet.

 

hi elf, dun realli see the relation between Temasek buying and institutions creating noise. could u explain further.



my total losses to date is 21K. sigh...

 

any comments by Nostrademus or elf on the recent heavy mkt action?

 

hey giantlow, keep steady yea? thoughts are with you. :)

shplayer, you're right on that. rem i said two ways of inst manipulation, to depress so as to buy up, or to control selling so that they can offload all their stocks first. unfortunately it looks like the second case--i had one crucial error in calculation: hadn't known that temasek was buying; it means even institutions were creating 'noise'. erk. am very, very sorry to those who had bought hope on my words. :(  

if the TA and FA ppl here are right, then a rebound's likely; tho i wouldn't expect it to come before the results announcement.