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hi victorlee, as you said you attended Phillips Securities Seminar last weekend and they projected that Oil to fall to 24 USD/bbl this year!!!
May I know which idiot saying that? you can just stand up and tell him, you are siao, USD 24? you can ask him to wait long long.
victor_lee...
3.98 should be the trampoline point for the funds... if it goes that far... but it's not unlikely... even lower than that is likely for a stubborn trend like this one.
3.98 should be the trampoline point for the funds... if it goes that far... but it's not unlikely... even lower than that is likely for a stubborn trend like this one.
yep giantlow, hold steady. :) if it helps, keep off watching it everyday. elf wishes you the bestest best. :)))
btw, SPC is one of the last 'little' cos in singapore left. KepCorp has nominal stake in it; inside talk is that once kepcorp sells, SPC is good for a takeover.
billec, not bad info you got. :)
giantlow..be stready, the purchase by Temasek just recently, It may signal that something good is coming for SPC. Maybe some joint ventures or acquisitions of oil exploration and production companies.still have 2 more month to go.
ok. little voice in my head, pls speak up loudly now.
"wait for the results to be out on Jan 24, dun bother about the mkt noise now. and relax, prices wouldn't go below zero."
Yeah so acting on my own mind, today I sold @ 4.18 (bought last year at 4.98) two lots only ... seeing many other opportunities elsewhere.
yep kilroy, i second that entirely. always your own mind and no one else's. :)
Victor, I think by that time, the market will think of other reasons to prop up SPC price. ;)
Look at USD/JPY. Everyone says that late last year it will fall to 110.00 due to the countries diversifying its base currencies to EURO. Its now 119.34 as I speak. Whats the reason? Oh Oil Price drop so not many oil countries making money and to diversify to EURO. My point is if we hear too much, we can go bonkers and skewed our trading strategy. Just listen to one voice - your voice inside you. Jus my two cts.
...btw my Fellow giantlow, you're talking abt 4.30 and trend reversal upsign on hope. you need to focus on the reality.
argh, giantlow, other stocks! look at other stocks!
never put all your eggs into one basket.
i meant that theoretically lah. 'cos in a one-one relationship, you need crude to produce refined oil, right? so in an ideal world, when crude drops, your refining margins actually go up, since your supply of crude is cheaper.
but of course, in reality it isn't so easy.
I always believe in getting genuine mercedes parts for the mercedes car. if you are using Microsoft product like XP, why not just use Windows Defender from Microsoft itself?
http://www.microsoft.com/athome/security/spyware/software/default.mspx
If you are using 'chiong' XP, you may have a problem with the genuine advantage validation prior to downloading the tool.
Elf
dun realli understand what u mean by "the laughable thing for FA ppl is that, if crude drops, SPC should actually go UP."
any possibility to buy contra if the price manages to recover say to about $4.30 with signs of uptrend?
Singaporegal thanks for sharing.
Attended Phillips Securities Seminar last weekend and they projected that Oil to fall to 24 USD/bbl this year!!!
If oil price slide to this level, can't imagine what the refining margins would be and how SPC's oil exploration business would be affected ....
Attended Phillips Securities Seminar last weekend and they projected that Oil to fall to 24 USD/bbl this year!!!
If oil price slide to this level, can't imagine what the refining margins would be and how SPC's oil exploration business would be affected ....
Hi singaporegal
If you need extra protection to stop 'visitors' spyware, you can also install spyblaster (free) as it blocks the unwanted 'visitors' from coming in. :-))
Two days of 4.16 closed. I was hoping today close would form a morning doji star - indecisive & possible trend reversal. With this news, it MAY be unlikely to happen.
yep, noted. thanks singaporegal. :)
oic... thanks nextdoor.... I thought Ad-aware kills spyware! I guess I only killed Adware.... and not spyware...
Looks like I gotta do it again!
Looks like I gotta do it again!
Hi elf,
From what I see in the charts, today's drop in A/D isn't as bad as yesterday's. Yesterday's fall was much worse.
But these day to day comparisons of A/D and Chaikin are not very meaningful. Look at the trend and you'll now that its a clear TA downtrending sign.
From what I see in the charts, today's drop in A/D isn't as bad as yesterday's. Yesterday's fall was much worse.
But these day to day comparisons of A/D and Chaikin are not very meaningful. Look at the trend and you'll now that its a clear TA downtrending sign.
eh giantlow, read properly man...i said drop in crude is bad for SPC.
sigh. if you can't bear to cut, then your only option is to sit it out, isn't it?
altho, i don't play warrants, so i'm not sure how they go.
Hi ipunter & singaporegal,
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