SPC   

SPC

price manipulation means to control the share price using artful, unfair, or insidious means, especially to one's own advantage



maxsyn...

traders may base their buy and sell decisions on support & resistance. (no manipulation, just a reference point). as for the timing at pre close, it usually smells of manipulation but not necessary cos they may just be contra players clearing the positions last minute





difficult to say whether its mkt manipulation or not.

 

I do observed some counters were closed at the bid or ask price and tally to the support or resistance price.

Some were found to be a target opening price for the next market day.

You may find that a day lowest or highest price done for some counter at the pre-close.

So does this imply manipulation?

 

is it possible that the big boys can manipulate the prices and volumes so that the relevant charts are affected. i know its difficult but with all the planning tools available, its possible rite? the falling oil prices are also helping them.



the worst case scenario would be me losing 24K. sigh....

 

Hi elf,

From the TA charts.... when I compare September charts to the ones we have now, I would say that the current situation looks worse in comparison.

The bollinger bands now are tighter than in September. And with the RSI, A/D and Chaikin all nosediving, I read this as a potential big drop in price over the immediate future.

 

Charts ok liao... dunno why it too extra long to update today. Must be the heavy traffic SJ is experiencing today!

 

elf,

try using the image charts.

They're working fine.

I dun know wats wrong with the normal charts.

 

Hi elf,

I notice that between 7.30pm to 8.30pm, the charts will load slowly because they are being updated with the new day's info. I usually check the charts after 8.45pm.

 

hey...singaporegal.. i can't load charts on my comp; somehow not working. 0_0

could you pls do the TA on this counter? incl RSI reading. MA crossover at 1 and 3 days. Also, if you could compare this drop with the one sometime in sept, when it made a sudden dip to $4.5. how many days did that drop go down for on the consecutive days with high vols? (apologies if i'm not accurate, am trying to do this from memory)



hi nostradamus and shplayer, would sincerely appreciate your FA call on this counter--do you think its annual report will be good, or bad? And support plus divvy yield--pls reconfirm it's at $4 and 20c respectively?

giantlow. in the stock market, you have to trust only yourself, not me, or anyone else. Ours are just opinions, they are not necessarily true.

apologies for asking for so much; i just want to be sure rather than just give a flippant answer. have a feeling a lot of ppl are watching. *pressure*

 

thanks for the analysis, Nostradamus

btw, what do u think of elf's mkt manipulation theory?

 

Hi giantlow,



Chart pattern shows a bearish double top formation. Still on a downtrend. Support around $4.00 where a rebound may occur. This counter's movement mirrors that of oil prices quite closely.

 

Simple Asian refining margins popped into positive territory last week for the first time in almost three months, but refiners who have cut back output are unlikely to restore full runs soon, sources said on Monday.



Notional topping margins in the Singapore hub closed on Friday at plus 31 US cents a barrel, the first positive number since Oct. 16, according to Reuters data.



Margins averaged about minus US$1.72 in December and about minus US$1.65 over the second half of last year, prompting refiners from Japan, Taiwan, South Korea and Singapore to cut back operations by 10% or more to limit losses.



Those curbs, which took more than 500,000 barrels per day of fuel production off the market, have failed to keep margins in the black as north Asia experiences mild weather and parts of the United States enjoy their balmiest winter in decades.



Refiners fear the recovery in margins may be fleeting, caused more by the unexpected sharp 8% slide in crude oil prices last week than any recovery in fuel demand, traders say.



"We have to wait and see whether the recovery will end or not," said a trader at a Asian refiner. "I don't see any changes in terms of the fundamentals of the oil product market."



A Reuters survey in late December found that South Korea's most sophisticated refiners would marginally raise output in January, but simpler plants were set to maintain or deepen run cuts, resulting in overall steady supply.



U.S. crude was trading up 40 US cents at US$56.71 a barrel by 0903 GMT after having closed last Thursday at its lowest price in a year and a half.



Stocks markets have appear to have put little faith in the sustainability of the recovery in margins, knocking top Japanese refiner Nippon Oil Corp's shares 4.1% lower last week, and South Korea's SK Corp.  2.4% lower.



The margin recovery was particularly noticeable in heavy fuel oil, which saw its discount to crude narrow by US$2.50 amid stronger Chinese import demand and greater use at South Korean utilities who say it is now cheaper to burn oil than natural gas.



"Simple refining margins have recovered thanks to an improvement in the fuel oil margin, as fuel oil demand has been healthy from power firms," said Hwang Kyu-won, an oil analyst at Tong Yang Investment Bank.



"But overall oil product demand does not look strong, especially for heating fuel, and you don't expect refiners to raise production under these kind of circumstances."

 

ya iPunter, this is all team work here......

 

There seems to be a beehive flurry of interest surounding this stock right now...



Maybe Singaporegal will need to be called upon specially to deal more intensively with this stock.



Hope she can stretch all her many 'swiss-knife' TA tools to the maximum to come out with the magic direction we all need... hehe... :)  

 

Nostradamus Supreme	Posted: 08-Jan-2007 12:08
x 0 x 0	Hi giantlow, The following are brokers' targets. SPC 4.80, 4.90, 5.02, 5.25, 5.47, 5.75, 5.80, 6.35, 6.40, 6.42, 6.50, 6.80 Plenty more at Share Portal. In fact, about 440 stocks. As for my personal target, I need to do a TA first. Will get back to you later.

 

all these noise in the market today. i am eagerly awaiting elf's SPC stock analysis for a clearer picture.



IN ELF I TRUST

 

So in general how big is their backside that need to be covered? :)

 

look at the treade... it seem like before 4pm Institute program sell...
aft 4pm institute instrument is program to buy back to cover back their backside.

 

17:05:04	4.160	47,000	X
16:58:41	4.180	1,000	Buy Up
16:57:31	4.160	1,000	Buy Up
16:57:22	4.160	2,000	Buy Up
16:57:17	4.160	17,000	Sell Down
16:56:30	4.160	8,000	Buy Up
16:56:14	4.160	5,000	Buy Up
16:56:08	4.160	5,000	Buy Up
16:56:02	4.160	2,000	Buy Up
16:54:57	4.160	1,000	Buy Up
16:54:43	4.160	10,000	Buy Up
16:54:33	4.160	1,000	Buy Up
16:53:58	4.160	1,000	Buy Up
16:53:53	4.160	1,000	Buy Up
16:53:39	4.160	10,000	Buy Up
16:53:25	4.160	2,000	Buy Up
16:53:17	4.160	25,000	Buy Up
16:53:12	4.160	1,000	Buy Up
16:52:34	4.160	1,000	Buy Up
16:52:24	4.160	1,000	Buy Up
16:52:14	4.160	18,000	Buy Up
16:52:14	4.190	150,000	X
16:52:12	4.160	1,000	Sell Down
16:52:10	4.160	9,000	Buy Up
16:52:08	4.160	76,000	Buy Up
16:51:59	4.160	17,000	Sell Down
16:51:58	4.160	3,000	Buy Up
16:51:55	4.160	1,000	Buy Up
16:51:51	4.160	2,000	Buy Up
16:51:36	4.160	3,000	Buy Up
16:51:35	4.160	7,000	Buy Up
16:51:26	4.160	1,000	Buy Up
16:51:20	4.160	11,000	Buy Up
16:51:03	4.160	35,000	Buy Up
16:50:55	4.160	1,000	Buy Up
16:50:47	4.160	23,000	Buy Up
16:50:41	4.160	3,000	Buy Up
16:50:30	4.160	46,000	Buy Up
16:50:29	4.160	71,000	Sell Down
16:50:24	4.160	80,000	Sell Down
16:50:21	4.160	90,000	Sell Down
16:50:12	4.180	5,000	Buy Up
16:50:03	4.160	200,000	Sell Down
16:48:55	4.180	2,000	Buy Up
16:48:49	4.180	1,000	Buy Up
16:48:38	4.180	2,000	Buy Up
16:47:59	4.180	160,000	Buy Up
16:45:55	4.180	3,000	Buy Up
16:45:27	4.180	2,000	Buy Up
16:39:06	4.180	1,000	Buy Up
16:38:29	4.180	2,000	Buy Up
16:37:21	4.160	2,000	Sell Down
16:37:00	4.160	3,000	Sell Down
16:36:42	4.180	1,000	Buy Up
16:33:21	4.180	4,000	Buy Up
16:32:08	4.180	2000	Buy Up
16:31:58	4.180	1000	Buy Up
16:30:01	4.180	2000	Buy Up
16:29:57	4.180	2000	Buy Up
16:29:51	4.180	2000	Buy Up
16:29:01	4.180	1000	Buy Up
16:23:46	4.180	2000	Buy Up
16:23:32	4.180	5000	Buy Up
16:23:21	4.180	2000	Buy Up
16:21:38	4.180	3000	Buy Up
16:19:40	4.180	2000	Buy Up
16:19:25	4.180	2000	Buy Up
16:19:10	4.180	45000	Buy Up
16:18:57	4.180	32000	Buy Up
16:18:45	4.180	10000	Buy Up
16:18:42	4.180	2000	Buy Up
16:18:29	4.180	21000	Buy Up
16:18:23	4.180	5000	Buy Up
16:17:45	4.180	47000	Buy Up
16:17:32	4.180	48000	Buy Up
16:17:26	4.180	50000	Buy Up
16:17:19	4.180	1000	Buy Up
16:17:18	4.180	1000	Buy Up
16:17:10	4.180	10000	Buy Up
16:17:04	4.180	10000	Buy Up
16:16:47	4.180	29000	Buy Up
16:16:32	4.180	57000	Buy Up
16:16:19	4.180	39000	Sell Down
16:16:16	4.180	50000	Sell Down
16:16:12	4.180	60000	Sell Down
16:16:11	4.180	5000	Sell Down
16:16:07	4.180	100000	Sell Down
16:16:01	4.180	50000	Sell Down
16:15:52	4.180	32000	Sell Down
16:15:37	4.180	100000	Sell Down
16:15:20	4.180	2000	Sell Down
16:15:13	4.180	190000	Sell Down
16:10:51	4.200	2000	Buy Up
16:09:35	4.180	3000	Sell Down
16:01:11	4.180	1000	Sell Down
15:52:35	4.200	5000	Buy Up
15:50:47	4.200	1000	Buy Up
15:47:12	4.180	8000	Sell Down
15:38:03	4.180	1000	Sell Down
15:35:16	4.180	3000	Sell Down

 

15:34:12	4.180	3000	Sell Down
15:33:49	4.200	1000	Buy Up
15:30:32	4.180	5000	Sell Down
15:28:35	4.180	2000	Sell Down
15:27:13	4.180	10000	Sell Down
15:24:16	4.200	1000	Buy Up
15:21:39	4.200	1000	Buy Up
15:21:29	4.200	2000	Buy Up
15:20:24	4.200	2000	Buy Up
15:20:15	4.200	2000	Buy Up
15:18:36	4.200	4000	Buy Up
15:17:47	4.180	1000	Sell Down
15:16:48	4.200	3000	Buy Up
15:16:33	4.200	2000	Buy Up
15:16:08	4.180	19000	Sell Down
15:16:07	4.200	90000	Buy Up
15:15:48	4.200	2000	Buy Up
15:12:54	4.200	1000	Buy Up
15:12:35	4.200	90000	Buy Up
15:12:31	4.200	3000	Buy Up
15:11:02	4.200	5000	Buy Up
15:09:08	4.200	10000	Buy Up
15:04:23	4.200	2000	Buy Up
15:02:26	4.200	1000	Buy Up
15:01:59	4.200	2000	Buy Up
15:01:18	4.200	2000	Buy Up
14:58:13	4.200	100000	Buy Up
14:57:30	4.200	2000	Buy Up
14:54:17	4.200	5000	Buy Up
14:52:00	4.180	1000	Sell Down
14:49:48	4.200	5000	Buy Up
14:43:59	4.200	2000	Buy Up
14:39:38	4.200	5000	Buy Up
14:39:19	4.180	1000	Sell Down
14:22:39	4.180	20000	Sell Down
14:21:05	4.180	70000	Sell Down
14:19:56	4.200	1000	Buy Up
14:18:25	4.180	2000	Sell Down
14:10:19	4.180	2000	Sell Down
14:09:16	4.180	5000	Sell Down
14:09:07	4.180	10000	Sell Down
14:08:29	4.180	1000	Sell Down
14:07:32	4.180	10000	Sell Down
14:07:17	4.180	50000	Sell Down
14:05:24	4.200	3000	Buy Up
14:04:58	4.180	5000	Sell Down
14:04:46	4.200	2000	Buy Up
14:03:51	4.180	1000	Sell Down
14:03:43	4.180	5000	Sell Down
14:01:30	4.180	2000	Sell Down

 

I wonder  when the institutions will start buying SPC again.