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If situation becomes more positive, volume will pick up. Again, market is forward looking. People bought it for potential of increase of volume. It is a right or wrong game. Probability is more towards up for the time being, maybe.
Cheers. All the best.
SGX's revenues are directly proportional to the market trading volumes.
As long as the daily volume remains low, there is no reason to go long on this counter.
shud C/O go higher, then can expect low daily vol (in value) which wud then pull down tis burger's px...........iran issue most likely take at least one or a few wks to resolve n by then sgx's px cud go down to $6.00...so if u sell now n can make 30 cts per share it is ok....ur $$$ ur decision......divvy will b announced on 7 august after market closes.
Patience pays... 
THE KEY WORD HERE IS "WAIT"
This can only happen if everyone believes that the "Cheong Arrhhh!" times are with us soon...
SGX starts to rebound ..... but will not reach $16 today.
just accumulate this bugger and wait for it to shoot to $16 again..
big wok, STI now -2.6 n vol just only .34b after about 2 hrs of trading. this burger gonna hit again loh, esp today is Fri, more sell down later.
Is 7
gO UP TO 6.7
ha ha, if AK not mistaken, Clinton office no war leh, except the mouth and cigar office's war with Helsinki???
My friend just told me a statistic that 1 US president = 1 war.
In some way true. One US president = 4 to 8 yrs. But the iraq war is not finished yet. I see Iran war unlikely, unless Israel goes haywire and preempt first without US knowledge. I think US does not want a war. They are in a very bad shape now. Another war will drag them down further. Wiser not to have one.
In some way true. One US president = 4 to 8 yrs. But the iraq war is not finished yet. I see Iran war unlikely, unless Israel goes haywire and preempt first without US knowledge. I think US does not want a war. They are in a very bad shape now. Another war will drag them down further. Wiser not to have one.
yup, two is enough, one wud hv been better n none wud hv been best.
AK_Francis ( Date: 10-Jul-2008 10:29) Posted:
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They can sell to China, albeit at depressed prices. Anyway, I think the other OPEC countries wun allow it to happen. Will destroy their markets.
lookcc ( Date: 09-Jul-2008 23:51) Posted:
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he won't loh, he will pass it to next sitting on his chair. two is enough.
I hope that Bush fella don't get involved in another war he can't finish.
He already started wars in Iraq and Afghanistan. Both are still largely unresolved.
Weighing the odds, I think if a war really starts, Iran almost certainly won't be the one that initiates the war. Odds are Israel would be the one that starts it all if they feel compelled to do so for national security. See what happened to Syria earlier on; Israel has the capability to do it. And there's still a lot of historical baggage between Israel and its neighbours.
I'm not too sure if US would be supportive of Israel's move officially, but they are certainly not on the best of terms with Iran. Guess they gotta weigh the consequences should the preemptive strike happen (Iraq II? Plus devoting even more troops to keeping the Straits open for oil? Not sure it'll be politically palatable for Americans.)
What we see is really sabre-rattling by both Israel and Iran. Israel sparked off the verbal skirmish with comments on attacking Iran preemptively should it decide to pursue nuclear arms; Iran demonstrated potential tit-for-tat measures with its missile tests.
iran/israel war wud not happen bcos [1] where is iran going to sell their oil n how r they going 2 do it with some of their oil wells n pipelines destroyed [2] oil px wud shoot sky high n tis wud lead to minimum demand which in return wud depress px 2 very low [3] global economy wud slow down very significantly n very fast....tis wud cut down global growth n hence suddenly demand for oil falls off the cliff ......it wud b a lose-lose situation for iran, the middle east countries, israel n the rest of the world...war??? b.s..
NEW YORK
(MarketWatch) -- Crude-oil futures bounced back Wednesday from their
biggest drop in nearly four months, as reports that Iran test-fired a
new missile encouraged traders to step back in and buy energy futures.
A weaker U.S. dollar also helped bolster oil prices, a note to clients from Action Economics said.
Crude for August delivery rose $1.30 to $137.34 a barrel in electronic trading on Globex.
Over the last two days, crude futures dropped $9.25. On Tuesday, the
benchmark contract closed the New York Mercantile Exchange session down
3.8%, surrendering $5.33 a barrel, the biggest daily loss in value
since March 19.
"Oil prices
are rebounding ... after Iran test-fired a long-range missile, capable
of reaching Israel, which heightened concerns of an attack by Israel,"
said Action Economics analysts.
Iran and Israel have
engaged in back-and-forth saber-rattling growing out of Tehran's
controversial plans for developing nuclear power.
While Iran has tested
the Shahab-3 missile in the past, the latest test launch comes as
tensions are escalating between Iran, the U.S. and Israel, the BBC
reported. The U.S. denounced the test and urged Iran to abandon its
missile program, the BBC said.
lookcc ( Date: 09-Jul-2008 20:12) Posted:
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