SPC   

SPC

I was abit shaken too for the large gap of price at the last minutes...

Come monday, we will see a slower price movement since the new bid scheme come in place.

Instead of $0.05 movement, we will be expecting a $0.01 movement...

Need to monitor how the new scheme will affect price movement. Got to hold i guess

 

When the price was at $7.55 at abt 4.30pm+. I tried to queue at $7.35. Guess what, I got it at $7.30. Any idea why the sudden drop in price? What's in store on Monday?

 

I tot I bought at bargain price @7.40, but last minute adjusted price dropped 7.30......  *&^%#$%$..  now no choice but at their mercy, hope for a rebound.

 

i m surprise that the 8 is so hard to crack. testing the whole day and not breaking it. hope tonight dow closes in green and spc cheong tomorrow.

 

Up, up and away... this is one counter I love... 

 

SPC does not have large float compared to others, hence share price trend up not usually accompanied by large volume. Agree today volume is not great, but to compare with historical price/vol, today is just slightly below average.

 

Despite market volatility, some shares can really be kept for long term. Obviously this is not the only share trending up despite today's bad day

 

$0.50 changes (+-ve) today anyone can comment?

Volume does not support this kind of trend tho....

My guess will be shortist hitting down, but covering back due to oil trading is on the uptrends.....

On paper, this is my only counter still in green zone....

Holding this to meet my target....

 

no sweat sir mediacraze.....  and a blessed Xmas to you too...  particularly when SPC touches 8.2 then...

 

Thanks chinkiasu,

Was using this as record of my assumption on trading. However, chart is still chart, market trends is the MASTER now.

Big volume traded at $7.4~7.6. Thus, resistence assumption is right so far now. MACD still looking fine after yesterday. By next two if touch $8 ~ $8.2 will be good to collect profit first.

Cheers and Merry Christmas to you.

 

Hi mediacraze, welcome .... no worries re your investment ... it should certainly touch 8.00 within next two weeks...  and yes I think the resistance is now around 7.5..  but i believe SPC is now on the up trend...

 

Wah...Kelong closing. Jump 15¢ with 140 lots...BUT I LIKE IT! hehehe...Cheers!

 

Just thought/record

Vested 10/12 @ $7.5, however miss the rally $8 on 11/12 as can't monitor.

Chart tell should sell to take profit @ $7.8 ~ $7.9. But greed push me to queue at $8. Miss it!

'M' is forming today and expect it to drop. By lunch it started the dip with morning small gain.

Hope it stay at resistance of $7.4 and ride over this wave and reverse next week,

Cheer.... Merry Christmas and Happy New Year

 

SPC is holding up well dispite today downturn.Investor looking for value investment cannot overlook SPC.For those who do not think so....well too bad they just miss out.

At current px,SPC divvy yield is about 7.3%,thus  value investor knows that it has some kind of support base.And until some new invention comes along to replace oil,it will remain an essential commodity.

Short term fluctuation in any counter is inevitable but one has to look at long term.Although,i have actually benefited from its daily fluctuation.

Finally,for comparison,in Australia we have Caltex which is the equivalent of SPC in spore.Its share px rose from A$5 2 years ago to A$22 at today's price.

Caltex has make so much profit that it is able to fund an entire upgrade of its plant to make more efficiency in its refinery process.

 

 

 

 

Mani, why you post and ask ppl not to take your comment seriously? I do feel that there is possibilty that SPC hit $6.00 again, but the chance is slim as I mentioned. I would bet that it goes up from here, I hope....lol. Cheers.

 

Please don't take my comments too seriosuly... :)
It is only meant as comments on a forum.. just like comments by many others..
By the way, since nothing is certain, it may even go to nearly 10.00 before it goes down to 6.00+.
No one can tell. 

Always do your own research and make your own decisions rather than be affected by others' comments.

 

Please dun hope that it goes to 7.60, I will be loosing out my current lots at 7.85, dun be so evil leh!.....$6.00, neah, not at this period when SPC is about to report FY07 soon. I cashed out at $6.00 when I invested at $4.00. A 50% gain, I though was cool. I was wrong! It went to $9.00. So I decided not to get in and out and earn that "extra" $$ but lost sight of the bigger picture - LONG TERM INVESTMENT. Kopi $$ is sweet, but the main course is even better. I do not intend to go Bali just for holiday, I intend to buy a $1.7M house there...lol! So, I am now waiting for them to distribute divvy.

 

It's good to have confidence in a stock. It shows one is a very loyal investor...


But in the stock market, it is possible, but only possible, and not certainly, that the stock may go to 6.00 first before climbing to 10.00. Such is the way of the stock market, which has it's own 'idiosyncracies' (but actually it's not the damn beast's own volition, but those of the market players)

 

sell some to take advantage of the current volatility...e.g  I sold "some" (not all) at 7.95 now it is at 7.75, could be down to 7.6 tomorrow so will buy...again the "some".. in this way I hedge a bit.. but come next week I will not do this anymore becos the rally can come then... anyway it is just tikam abit leh.... but can still earn enough to come to Bali..... and eat lobster, with waves lapping at near my feet...

 

Why sell when we all have confidence in SPC? I am holding on to my SPC, no $10, no sell!