SPC   

SPC

wah.

Nostradamus TP is $4.30 to $4.40 over the next few weeks.

Elf says drop in crude oil prices is good for SPC


so what shld my reaction be? i am so numb man.

 

Clear trend - downtrend. :)

If it gaps down tomorrow, we will see some heavy volume (both retail investor selling and shorting contra).

 

yep, it's a lot more complicated than that. SPC has too many diverse businesses.

TAwise it's deader than a dodo. chaikin and A/D dropped like crazy over past two days, today's drop was worse considering vol abt half of yesterday. the qn is why.

singaporegal, your comments, if you will? :)

 

Hi victor_lee,

The trend doesn't look good.... its definitely on a downtrend. The rise in volumes over the recent days is also ominous.

 

Hi iPunter,

The spyware link is here... like SJ... its FREE !!

http://www.download.com/Ad-Aware-SE-Personal-Edition/3000-8022_4-10399602.html?tag=pop.software

 

Strictly speaking Oil price dwn does not equate to refining margin improvement. It's more complex than that.

Maybe Singaporegal can comment on the trend?

 

not good. so not good. thailand is causing too much trouble as well. thai investors must be having a ball of a time.

btw, my stop-loss order is at 4.14.

does anyone have the vol charts for today?

the laughable thing for FA ppl is that, if crude drops, SPC should actually go UP.

btw, amid all this gloom, do look at other stocks. allgreen is nicely going up. it was the last of my picks for jan. :)  

 

hi Singaporegal...

What's that spyware cleaner you're using?

Think I need it too. :(

 

My target is $4.30 to $4.40 over the next few weeks.

 

[13:48 EUR/USD: Buck Getting Boost from Fresh Oil Tumble] Boston, January 9.
EUR/USD is taking on a softer tone as the markets react to a fresh tumble in oil prices. Crude has dipped nearly $2 this morning, closing on the $54 level. Lower oil prices help cut the US current account deficit on a macro basis and cut into
the need for oil producing nations to diversify falling revenues in the more immediate term. Central bank buying of EUR/USD remains a feature on weakness, however, giving speculators comfort in re-establishing longs, however. Dealers
note good selling from a US custodial account in London at present, helping knock EUR/USD into the 1.30-teens. Jamie.Coleman@Thomson.com

 

Oil plunges $2, crashes through key $55 level
Tue Jan 9, 2007 7:56am ET

LONDON (Reuters) - Oil broke through a crucial technical support level of $55 on Tuesday, plunging $2 a barrel -- a loss of 11 percent since the start of the year.

An unusually warm U.S. winter and concern that funds were losing interest were pressuring prices, sinking U.S. crude to its lowest since June 2005.

U.S. crude <CLc1> fell $2.03 to a new low of $54.06 a barrel by 1253 GMT -- down $6.99 since the last day of trade in 2006.

Brent crude <LCOc1> lost $1.77 to $53.83.

The steep price drop has rung alarm bells in OPEC producers and the group's president, the United Arab Emirates, is discussing further action with member states.

"New York is too warm, people are enjoying the sunshine in Central Park," said Keith Sano, manager with the commodities business unit at Sumitomo Corp.

U.S. heating oil demand will run about a third below normal this week, the National Weather Service said on Monday, extending an extraordinary streak of mild winter weather.

The mild weather undermined earlier gains on Monday after Russian crude supplies were halted through the Druzhba pipeline, which meets about a fifth of Germany's demand.   Continued...

Russia has accused Belarus of stealing oil from the line. The disruption comes one year after Russia's natural gas dispute with Ukraine hit supplies to Europe, and is likely to revive debate about Moscow's reliability as an energy supplier.

The International Energy Agency on Tuesday said the European oil markets could cope with the halt. Russian pipeline monopoly Transneft has not said how long the cut might last.

HEDGE FUND FEARED AILING

After last year's $6.4 billion, natural gas-fuelled losses at hedge fund Amaranth Advisors LLC, oil traders are also on edge for further meltdowns in the industry, although no single fund has yet been identified as in trouble.


"As U.S. demand enters its weakest seasonal period for gasoline, compounded by a weak heating market, fund activity will likely dominate near term," Citigroup said in a report.

Key commodity indices closed at or near two-year lows on Monday, pressured by last year's weak performance -- particularly in the energy complex -- as well as fears of slower growth in the world's top economy, the United States.

The price slide has prompted OPEC members to discuss holding an emergency meeting ahead of their planned March 15 gathering.

The group agreed last month to cut 500,000 barrels per day from February 1, adding to a cut of 1.2 million bpd from November 1. OPEC's leading producer Saudi Arabia, and others, have vowed to enforce cutbacks fully.

(Additional reporting by Jonathan Leff in Singapore)

© Reuters 2007. All Rights Reserved.

 

Not a good sign for SPC?

 

Oil slide could pump up stocks

Major gauges poised to open higher Tuesday as crude prices sink and more merger news encourages investors.

NEW YORK (CNNMoney.com) -- Stocks were poised for early gains Tuesday as much lower oil prices and even more merger-and-acquisition news could boost positive momentum.

At 7:30 a.m. ET, Nasdaq and S&P futures were higher, indicating a positive start for stocks.


Light sweet crude oil tumbled $1.86 to $54.23 a barrel in electronic trading, its lowest level since June 2005.

In corporate news, Sprint Nextel (Charts) said Monday it will cut 5,000 jobs and forecast flat to slightly higher revenues in 2007.

AT&T's (Charts) mobile phone unit, Cingular Wireless, may provide a service for an Apple Computer (Charts) phone, according to a report from the Wall Street Journal. (Full story.)

In his keynote speech at the Consumer Electronics Show, Walt Disney (Charts) Chief Executive Bob Iger said the company would launch more online multiplayer games.

On the M&A front, General Electric (Charts) may be interested in a sale of its plastics business, which is valued at up to $10 billion, the Wall Street Journal reported.

And shares of Gap (Charts) surged nearly 10 percent Monday after a news report said the company had hired Goldman Sachs to help it explore strategic alternatives, including sale of the company.

Up ahead, Alcoa (Charts) is expected to report fourth-quarter earnings after the closing bell. The aluminum maker will be the first Dow Jones industrial average component to report results for the period ended Dec. 31.

With little economic news ahead during the session, Treasury prices slipped, with the yield on the 10-year note rising to 4.66 percent from 4.65 percent late Monday.

In currency trading, the dollar fell versus the euro but was higher versus the yen.

Stocks ended higher in Asia and European shares rose in midday trade.

 

I still had problems with Poems today. Couldn't login in the morning.

SJ ... yah a little slow today in late morning. But generally ok for me most of the time at home and at work.

iPunter, maybe you should check for spyware. I just ran a software to kill spyware on my home computer. I found over 50 spyware installed! After I killed them, my website loading is good.

 

elf is right... don't think so much about conspiracy theories or market manipulation.

Whatever happens, it'll all show up in the TA charts anyway.

 

yea, don't think too much abt conspiracy theories. follow what is. 

will not be able to be on as often as before; new workplace, comp not installed in my room yet; not very nice to keep going to the common room/library to use.

keep watching the counter; tmrw should still have a bit of drop left, but if it holds constant, it'll prob keep that range til 24th. vols are petering out.

btw, i also have a stop-loss order valid for the rest of the week.

 

Since last week, SJ page is extremely dificult to load. I thought it's due to the huge crowd here, but today, even with  few visitors it's still the same.



But since last week, POEMS is extremely easy to work with.

With swift loading of price and trading pages and no delays like before...

They must have done some improvements to the system.

It's a joy to use now... :)

 

Yea... but OOTM warrants are as good as rotten apples when the trend is still progressing. No one will want to take it.

 

sometimes maybe we think too much about some conspiracy theory, when actually the share just sucks.

btw, i dun think a dead cat can realli bounce rite? if u throw it from a realli high place, the splatter will just be bigger only rite?

 

iPunter
if i remember correctly the conversion ratio is 4 warrants to 1 share. strike price at $4.50.

sohguanh
if i am not wrong, most, if not all, warrants in Singapore is on cash settlement basis. meaning if the share price is above the strike price, the issuer will only pay u the difference in cash. no actual delivery of shares