Recall I’ve been saying we’re in the timeframe for an important low in oil? See article and my comments below. – Larry
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SPC
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shplayer
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11-Mar-2009 22:22
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Interesting discussion on the direction of CO price. http://www.cnbc.com/id/29614134 |
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AK_Francis
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11-Mar-2009 01:26
Yells: "Happy go lucky, cheers." |
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CO April future, up 7 cts to 47.14. DJ now up 280. A good buffer for the market ahead at DJ,but worry d tech rebound may not sustainable for long. Nowadays, sell in small strength also jadi liao. Cheers. |
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bola_no1
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10-Mar-2009 23:33
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I dont believe too at 1.7!
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lookcc
Master |
10-Mar-2009 22:44
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missed boat but happy 4 u. | ||||
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AK_Francis
Supreme |
10-Mar-2009 22:38
Yells: "Happy go lucky, cheers." |
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Low vol, not much players. Once BBs see there is uptrend on ds burger, they will trigger d game mechanism. |
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lookcc
Master |
10-Mar-2009 22:35
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waited for sgd1.70 n now missed boat again but will still wait for 1.70
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iPunter
Supreme |
10-Mar-2009 15:03
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Hope in the near future, even all the every "ulu2 tempats" are served by cheap satellite broadband... but actually, this is a certainty.. only in time...
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AK_Francis
Supreme |
10-Mar-2009 12:01
Yells: "Happy go lucky, cheers." |
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As some of d sifu said earlier, ds burger is a good counter to play with. It is my pest as well, but sometime neglected it leh. It went up to 2.8x while AK was in kampong during CNY vacation. Didn't do anything, no online trade avail. Came back it alrdy dropped to 2.66, cleared a dozen n keep some. Last week n yesterday, acc few more only, as still forbial with d market sentiment loh,esp kena d UOB, ha ha. |
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richtan
Supreme |
10-Mar-2009 11:40
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Bullish on Oil
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richtan
Supreme |
10-Mar-2009 11:33
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Bullish on Oil by Larry Edelson on March 9, 2009 in Energy Sector Investing Recall I’ve been saying we’re in the timeframe for an important low in oil? See article and my comments below. – Larry Bullish on Oil http://www.bloomberg.com/apps/news?pid=20601110&sid=aPwgg8LlzGbI http://www.bloomberg.com/markets/commodities/energyprices.html While market prices are drastically lower than their July 2008 prices, crude prices have rallied in the last week to post gains of almost 30%. The Brent spot price is currently at $44.38 and is forecast to breach $50/bbl. The current rally was sparked by China’s decision to take advantage of low prices and build its reserve stockpile and expectations that OPEC will further cut output. My Opinion: More gains coming for oil. Technicals are supportive, and so is OPEC, which is expected to soon cut oil production again. Meanwhile, the oil and energy sector is extremely undervalued, with many oil companies trading at levels that value their proven oil reserves at as little as $5 a barrel. Once the broader stock markets bottom, which I expect to occur very soon, oil and energy stocks may turn out to be the best plays, extremely profitable. Keep an eye out for signals in my Real Wealth Report. | ||||
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AK_Francis
Supreme |
10-Mar-2009 01:40
Yells: "Happy go lucky, cheers." |
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AK guesses, he uses d px of 1.77 as yalkstick while STI clocked yr low of 1472.77 Today, STI shed to 1456.95(5 n a half yr low), theoritically it is not surprise if SPC px below 1.77. Instead, it closed much higher at 2.37 today. I hv 31 stocks under my monitoring list, 18 of them px are still well above those clocked during last yr low of 1472.77, ie SingTel, Yangzi, Wilmar,Venture, STengr,SIA, Kepcorp, Hyflux, Cosco,Noble, Biosen etc. Of course, no eye see d bank & ppty counters. Your deduction is not wrong as well, as u may also hv observed that not all counters are following d domino effect. Hope for d best loh. As most of us wish d market pull d handbrake n U turn ma. Cheers.
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gregorsamsa
Member |
09-Mar-2009 23:49
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How did you arrive at the figure? I would think that it is possible, but not probable. I would dare say that on March 31 1705hrs it wont be $1.70 (give and take $0.10). Not even if STI1200.
till then we will know ba. cheers all.
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Livermore
Master |
09-Mar-2009 19:49
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One is wrong and the other is partially right
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lookcc
Master |
09-Mar-2009 18:36
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$1.70 a high possibility b4 end tis mth. | ||||
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Livermore
Master |
09-Mar-2009 12:25
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One is wrong and the other is partially right
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AK_Francis
Supreme |
09-Mar-2009 10:19
Yells: "Happy go lucky, cheers." |
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One stone 2 chickens, plant due for servicing as well.
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gregorsamsa
Member |
09-Mar-2009 10:14
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I think you got the direction wrong. I would think that they are shutting down because their earnings are already affected. By shutting down production they can cut operating costs. Either way it is negative news i guess. March 15 we will know if OPEC can lift oil prices up despite the abundance of so much oil in storage.
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AK_Francis
Supreme |
09-Mar-2009 09:54
Yells: "Happy go lucky, cheers." |
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Ha ha, no thinking is required. Had been short term trading for ds burger, with tight monitoring of d CO px n global demand n OPEC indented move to influence d CO px. Basically, Buy n Sell. Bai Shei ah. Nowadays, not easy to ear even Teh-Sarabat loh.
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shplayer
Elite |
09-Mar-2009 09:40
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Firmer SPC share price due to firmer CO price is probbly short term. Fundamental is there is still too much CO supply in the market and prices are being propped up by oil majors (read Exxon, BP, Shell) by hoarding. This cannot last indefinitely cos there is a cost to hoard.....(storage costs)....and when this start to mount, hoarders will liquidate the supply. This happened in 2008 (see my post in this thread on 2 Jun 08) and the rest is history. Furthermore, SRC (SPC's 50% owned refinery) is reported to be shutting down 50% of its capacity for 1 month from mid March09......this will certainly affect SPC's earnings. Of course, for TA practioners, SPC's volitility presents opportunities.
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AK_Francis
Supreme |
09-Mar-2009 00:30
Yells: "Happy go lucky, cheers." |
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CO future up, look like ds burger will stay firm, when market opens at 9. | ||||
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