SPC   

SPC

How many lots of warrants did you buy?

 

if u all were holding SPC warrants which were originally valued at 22K and now they are only worth 4K. what would u all do? the warrants expires on 3 mar.

 

KiLrOy, i dun think SPC got any S44 credits left leh. it was all 1 tier the last time they paid out the div.



bloody OPEC also didn;t honour their cuts.

 

Can't agree with you more.. :)

Fresh from IFR Forex Watch.  I get this piece of news every night.

15:22 US TECHS: Commodities Outlook; Gold and Oil] Boston, January 8. [Gold] is
scoring a modest rebound today following last Friday"s sharp break to its lowest
levels since last October.  As noted repeatedly, H&S top objectives are just
below $575 should follow-through selling develop.  The market sliced through its
200-day moving average at $616 on Friday after making a precise test of it on
Dec 18 which held perfectly.  That should be good resistance near term.  Given
the sizable range set on the break, daily projected resistance at $622.50-625 is
too far away to reasonably expect a test.  Intraday supports are $607.50-609.50.
Note the momentum failure on Dec 29 and Jan 3 (using the MACD histogram) to get
back into positive territory, just before the downturn.
[Oil] is bouncing as well, and daily bear trends will come undone with a
$57.14 or better settle today.  Trend Intensity is still upticking bearishly,
though, due to the excellent downside momentum generated by last week"s break.
There is a very firm weekly resistance zone at $59.90/60.60 this week on Feb
futures that is worth monitoring, likely producing new sell orders if tested. 
If $57.15 starts to act as intraday support, expect additional upside probes.
Joel.Marver@thomson.com

 

keke. kilroy, i think you mean the cat pounced on you. :P no offence yeah.

agree with ipunter. heh, remember sometime in dec we were saying abt SPC dropping to $4?

'cos longer term trend reversal ain't gonna happen unless price of crude somehow shoots up, or the winter gets cold, or property and construction fall out of favour with pundits here.

 

Talk about dividends... SPC will have billions with the Section 44 Tax Credit for 2007.  Anyone banging on this? 

I am.. *ka ching*

Part of me wants it to go below sub 4, then the other part of me wants to the recover. Hey Sara Sara... whatever will be will be. :p

 

definitely the dividend can't be as good as last year lah.

why a bounce and not a longer term trend reversal?

 

You can bet your dollars that the funds will buy up every lot if and when it gets to 3.68 in the months ahead.

 

hehe. kilroy, it's less whether the results meet expectations, more abt whether the dividends meet expectations.

k, elf has a medical exam tomorrow; prob gonna take the whole day so will miss action on this counter. forumers pls do cont sharing whatever you know (based on factual support yea), let's keep the camaraderie going. :)

giantlow, ain't gonna lie to you; the charts look seriously bad. from the previous months data the bounce is worth abt 10-20c tho. the qn is catching the bottom of it.

 

Dead cat bounded on me when I bought it at 4.40 ...

 

huh? dead cat bounce???

are u saying that it will only recover temporarily before it will begin a huge downward slide???



SPC is fundamentally strong man. doesn't look like dead cat being thrown off a high place.

 

rumors that the YR2006 results may not meet expectation... :(

 

honesty, i applied a little FA regarding oil prices (including talks with my fren in the oil industry) and lotsa of greed when buying into this counter.



now then i see the stupid double top formation (15 Dec & 26 Dec)

 

well, hope can be a terrible master to serve.

hm. shplayer and other FA veterans. what would be your opinion if i were to say this of SPC prior to and aft jan 24th: dead cat's bounce?  

 

Had you used simple TA in the beginning, you wouldn't have held it until now, right?

 

thats the only TA i am more confident of. dun know much about interpreting the other indicators.

 

It's simple but not simplistic... hehe... :)



Price & Vol  charts are simple, yet profound powerful for great trading...

 

Oil Prices Rise on Reports That OPEC Oil Ministers Have Started Talks on Another Potential Cut

The oil cartel agreed to a 1.2 million barrel-a-day cut in crude output beginning in November and another 500,000 barrel-a-day cut set to begin Feb. 1.

Light, sweet crude for February delivery rose 82 cents to $57.13 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe. Brent crude for February rebounded by $1.01 to $56.65 a barrel on the ICE Futures exchange

 

based my simplistic viewing of SPC's price & volume, it is currently on a downtrend, with the key support level being $4.10



for those interested in buying in SPC, perhaps it would be safer to enter after the trend changes upwards and when the price moves clearly away from $4.10.

sigh... more selling down expected.

 

hum...I see. thks