SPC   

SPC

My view, unfortunately is different from Elf. mmm...I cannot predict will this counter trade up on Monday. I agree that CASH and precious metal GOLD are two good choices now. Oil is also another form of gold - BLACK GOLD. It's because both are from the ground and the supply is now very limited. In long term view, these commodities will emerge winners among all other classes.

About SPC, I am very bullish with this counter. FA wise it's trading at a very very attractive level. PE at 7X and yielding about 10%. Not many counters in STI is as attractive as SPC (my view). TA wise, I am not so good at it, but seeing share price trading from $5.20 to $6.70 and then retraced to $6.20 before surging to $7.50. I felt that it's about time to get into SPC as it has retraced back to sub $7.00 now as I am in anticipating that it might trade above $7.50 and more in the coming weeks. That's another 15% surge from last closing price. I believe there will be at least another leg up from here.

I used to make $$ from SPC by playing contra last year when the trading system was still a 5 cents jump. But nowadays, I can hardly contra as the move may not not be 10-20 cents jumps a day. I would suggest swing trading at least 2 weeks to see results.

Just my view.

 

zanetti, no.

even if SPC spikes up, it'd only be for a short while. as those other investors with losing stocks will sell their winners to shore up their losers.

stay out. keep in cash or gold only. unless you have direct ability to buy oil as commodity direct. but even then, it's too high to buy currently. expect retracement.

 

is this the only counter safe to long on monday ?

 

Only bought 1 lot @ $5.19, but had let go on monday @ $7.50

The volume had been pretty thin for the uptrend last week, compare with the earlier weeks where it climb slow and steady. That prompted me to sell it, I may be wrong. If the volume steady and increases, we may see a good range of $7.7 ~ $8. Else, the sinking may start over again....

Learn my lesson during this 6 months of subprime woo. Now play slow, steady, stable style and play by the US rule. I see this whole US thingy as a cycle created by the BB. Big Money only come when there is crsis. Example during War, who make the most money.....

 

It might come down from here. There is a gap to fill at $7.00. Support at $6.82-$6.90 range. Beyond that, we may see lower lows. Take care folks.

 

 

US dollar coming down. If there is more rate cut, US dollar come down even more. US dollar come down shall result in oil price going up

 

NickyNg... :)

I see you are simply doing "Buy Low, sell High" ?...   

 

hee..ok..OIL cheong i will SHORT KEPCORP or SPC...hee..

sure win wan :P

 

 

pls refrain from using oversize fonts.

 

OIL $101!!!..SPC chiong ah! don't lag behind

 

Nothing special about this 'bugger'... it's just normal expected trading activity...

aka volatile action...

But do take note of the trend direction with reference to time-frame... 

 

anyone know what happen to this bugger ? drop more then $0.5 in two days..

 

Well done Nick. I may join you tomorrow. See how!

 

NickyNg... :)

Great trading!...

Keep up the good work... and  see your account  grow gradually...

 

ok...7.16 now..is it still affordable for you folks !?!??!

hee...SHORT until seow today on this burger today :)

 

wow nicky, you sucessfully shorted it huh?

 

 

'Too expensive' is only a rational response. The stock market is an irrational 'machine'.

Just when you think it's illogically 'expensive', it may astound you by going up some more.
Conversely, just as you think it's 'dirt cheap', it falls some more to frustrate you...


But when it does go up, there's really no cause to rejoice...
and when it goes down, it's better to protect your capital for another round...

 

have to wait and see.

 

Ya nicky, now to expensive...