SPC   

SPC

i agree with lynn89. SPC looks like its going to be stuck at 4.40 until new year. analyst warned NOT to expect a bumper dividend like last year.

 

See if it breaks out to 4.44 tomorrow.

If it does, just market in.

 

It seems that SPC is forming a base at around $4.40, and then take off in the New Year.  

 

SPC looks like a sleeping giant for now.
I think some small timers are trying to load up now.

 

seems like share buy back has stopped...

 

thanks for the analysis, singaporegal

hopefully, the share can hit at least $4.50 soon.

my broker friend say that most pple are on long leave, so volumes are likely to be weak until after the new year. I guess i'll need to wait until then.

 

Good to hear that it has bottomed out...

 

Hi giantlow,

Wait a few days for trend to clear.... there's a chance this stock has bottomed out.

 

If and when SPC goes down to around $4.00, then many funds may load up on a great bargain for the ride uphill. 

 

Yea... it appear sto be the case...

Otherwise how on earth did that term "window-dressing" ever come into common use? ... )

 

iPunter. So u are saying that fund managers sell off their losing trades just before year end so that their portfolio would not contain that lost making trade at the end of the year rite? 

So they might buy back the stock after the new year if they are really confident with the stock right?

 

I'll hazard a guess...

If you are a funds manager who has stuck through thick and thin with a counter which has been going downhill for seven long months and which is now at it's low low point and still showing no signs of a recovery, won't you at least feel ambarassed that you hadn't dumped it earlier? What better time to dump than now, so as to switch trains to a high flyer for enhanced picture?...

Maybe I'm wrong about the whole thing... :)

 

I dun see why it will be downtrend becos fund managers window dress. I thought fund managers want to "dress up" rite?

So wat is your take on SPC, singaporegal?

 

I dunno about other TA people but I do not use stock patterns.

I find stock patterns are like "point data"... for lack of a better term. They exist in a particular time frame.

They may be useful but I don't really use them because I'm concerned about trending most of the time.

 

Agreed with ipunter, it will be on downtrend as fund manager window dress their portfolio year end...

 

H&S formations only apply to the upper levels after a bulllish phase. Thus it is generally good for graphically determining whether a reversal of the uptrend is imminent.

 

Thanks iPunter. I am new to this TA stuff. From what i see SPC shares have a head and shoulders pattern with  2 shoulders on the right isit?

Thats bad eh?

 

hehe... It's just a non-conformistic way of saying "window dressing"...  J 

 

err. iPunter. wat is window enhancing ah?

 

There could still be a bit more dumping due possibly to window enhancing since this one has been a downtrender for so long.