Yes, all investors do the same...

What I meant was, if I hadn't followed my charts and dumped everything a few months ago, I would still be licking my wounds now, since prices have fallen drastically, really hugely, from those highs...

thus by dumping very early before the big meltdown got underway, I indeeed saved a bundle.

Now I can use my saved cash to buy in at the currrently low prices... esp the pennies..  

Markets go up & down , not up or down in straight line. Profit taking is to b expected, no need to be so alarmed. Overall, on chart, still uptrend with 13sma, 50sma, 100sma trending up & approaching the 200sma, which is the last hurdle, macd trending above the signal line.

From KELive:

SPC closed above its KRL on 3 April and thereafter, gained more than 9%. SPC may head

toward $3.80 if it manages to break above its recent high of $3.21. However, we would

advocate that traders shift their stop loss upwards to $3.13.

There is a chart in pdf format which I dun know how to copy & paste here.

Can some expert plse advise me. Thks a lot

Dyodd

Ha ha Q last nite to sell, didn't make it. Wanted to tech naked shorting ds am, fingers too slow.

Small matter, dog got its day, he he.

 Take it easy!!! Cool man!!! Why feel so agitated???

I truly appreciate your sharing on the fundamentals, just as I too tried my best to share watever info I have to return wat I benefitted from this forum.

Yes, this is a forum for sharing....as u said "everyone is entitled to his/her own opinions", so likewise I am also entitled to use 3 of ??? to emphasie (1 or 2 ?, I think is too little to emphasie) & this does not mean I am getting excited when others have a differing view from mine.

We are matured adults & surely we agree to disagree & post our individual opinions.

At least I'm glad tat, subsequent to this ??? posting, u shared thru your subsequent post on their NG biz which I really appreciate as it now gives more balance info.

I am also merely highlighting & creating an awareness of SPC's other biz  (natural gas) besides oil, to post just on their oil biz without factoring the gas biz, I feel is misleading & inaccurate as SPC is no longer a pure oil play.

I am also trying to post the information I know for anyone who cares to use it.

ps.......you are,of course,free to invest your $$$ in anyway you like according to how you feel about the stock.

I am merely stating my views of SPC's outlook.......I don.'t make any calls for 'buy' or 'sell'. I believe everyone should have their own investment criteria and should apply it accordingly.

I just try to post the information I know for anyone who cares to use it.

First of all, this is a forum for sharing....everyone is entitled to his/her own opinions....so no need to get too excited by using lots of ???? to emphasise when others have a differing view from yours.

Gas production is tied in to oil production....broadly grouped under 'Upstream' (US) business. Near future NG production increase is from Kakap field (fr 2010 production of 20mmscfd) and Oyang field (from 2011 - no production rate forecast). The Kakap field, when it comes on stream will increase US output by approx 3,300 boepd.......i.e approx 30% of current production to 13,000 boepd. Lets say when Oyang comes on stream, total production output will be 16,000 boepd.....so 60% increase in US output.

However, whether this is profitable or not depends alot on CO price (NG price is tied in with CO price).

In 1Q09, Downstream (DS) business was $1.4b T/O and $118.6 operating profit and US business was $35m T/O and loss -$18.2m. This loss is due to low CO price....ave of about USD45/bbl?

So, if you look at the ratios of the US and DS business, unless CO price improves significantly, the bulk of SPC's financial performance is still heavily dependant on the DS business.

ha ha, sifu, sound logical leh. Ok will take your advice as well, though just back fr kopitiam.

With some beers with d kopitiam Chinese nationals, no issue to give them a treat. They are lonely both ladies n men.