SPC   

SPC

hi  idesa168...  I have been literally in the bush... just got back this morning... and really beat..

but (I) have no fear.. our counter need no talking up... it will go up.. the consideration  is when.. btw anyone know what happen to ouyang production?  any changes to schedule...?

 

hi geneva77 (why geneva?? you were made there and 77 is your year of birth?)  ... "buy up" means the trade is made at the sellers price and "sell down" means trade done at buyers price... put it in another way...  "buy up" means buyer is rather kancheong, anxious and cannot wait so buy at the higher offered price...  sell down is the other way.. buyer sit pretty and seller sold to the buyer willing price.. hope I have not confuse you further...

 

007, you are very evil...hehehe

 

Ok I can help push price down...

Refining margin has started it reversal recently trending downward recently. Dubai crude has been surging up recently but petroleum price did not move up in tandem. Yesterday Dubai crude surge up $1 but naptha price went up only a meagre 10cts. Jet kerosene did better by gaining more than 50cts.

 

So quiet here...Yoy guys got to make some noises here then the stock will move...CKS, where are you? and all the supporters of SPC...needs tongka ali liao...hehehe!!! OK lah, on a more serious note, where crude oil price is concern, there was surge these couple of days but SPC price which had been tracking the crude oil did not seem to respond to that...anyone know anything?

 

Can anyone explain buy up and sell down ? thanks

 

Que for $6.10 did not get it. We might see $6.30 tomorrow.

 

There are two view on this rather 'arcane' "subprime" thing vis-a-viz the stock market...

One view is that the issue is being tackled and thus contained by remedial efforts and measures... this view suggests that the market has already discounted the whole saga and is ready to move on...

The other view, of course, is that the worst is yet to come...

Well, whichever view is adopted or preferred, we can only see it played out in the market in the weeks/months ahead... no one really can stick out their necks(and tongues) and proclaim their view with certainty...

 

ideas168, I have following this subprime issue in US for more than 3 months and the figures tells me that the problem is very serious. From the timeframe of Sept to Oct, foreclosure is expected to increase significantly because of the expected interest rate reset for many borrowers.

Regardless you may be right as sentiments have improved and the impact of the US market has reduced somewhat. Fundamental condition for SPC has improved. So more people is likely to hold on when US tumbles.

 

wah 007, you are soooo pessimistic, price SPC at $5.25. Not everyday is Sunday. I am still at the side line. If really going for $5.25, good for me. BUT I doubt this will happen. Crude up, overall worldwide energy up, FED might down rate, RM also up, throughput for SPC will also be up from Oyong. I dun see this will happened again at $5.25. My take, retracement due to mkt sentiment, consolidation at the range of $5.85-$6.15. I am willing to take position around there.

 

The US credit crunch issue is far from over and this will be the key price driver. I do not think Bernanke will come in to lower Fed rate aggressively. My take is that US needs to low interest rate by at least 1% to help ease the subprime issue. As each week past by, more and more negative data will be released to show worsening housing market condition and contagion.

I expect SPC to retrace back to its low of 5.25. 

 

Unless it breaks strongly pass 6.20/25, it will still be contain within a tight range of 5.90 - 6.20/25. 

 

I have to disagree with your last statement, Pinnacle...  I think this counter does not really follow DOW, instead it is subject to the guys playing the warrants... and right now for the moment, it is free to reach its real value....  which is at least 7.00...  t

 

MA crossing at $6.00. That should provide a good support.

Both RSI and MACD are showing uptrend.

However, do take note that it may still dive deep down if there is any sneeze from US.

 

looks like SPC is now back on a up trend...  this is not TA but because it just got rid of one parasite in the form of a DB warrant.. i am glad I held on... in fact I bought some more at 5.25... .  bottom line like I have been boringly saying.. even if the price does not go up, this stock is good for divvys if you just hold on... 

 

Buying up $6.30, one lot at a time. It is going to almost forever to clear the q...

Time	Last	Volume	Buy/Sell
11:56:55	6.300	1,000	Buy Up
11:56:02	6.300	1,000	Buy Up
11:47:34	6.250	2,000	Sell Down
11:43:10	6.250	20,000	Sell Down
11:41:49	6.250	19,000	Sell Down
11:37:31	6.250	1,000	Sell Down
11:35:47	6.300	1,000	Buy Up
11:28:47	6.300	1,000	Buy Up
11:19:17	6.300	1,000	Buy Up
11:15:40	6.250	1,000	Sell Down
11:15:01	6.300	1,000	Buy Up
11:11:09	6.250	6,000	Sell Down
11:08:48	6.250	1,000	Sell Down
11:08:28	6.250	1,000	Sell Down
11:08:02	6.300	1,000	Buy Up
11:07:42	6.250	2,000	Sell Down
11:03:51	6.250	1,000	Sell Down
11:01:01	6.300	1,000	Buy Up
10:53:54	6.300	1,000	Buy Up
10:47:37	6.250	10,000	Sell Down

 

Such is the true speculative nature of the stock market... 
Who can claim credit for winning, then?

 

At every stage of the stock market, the question asked (this question) is always the same!!!

Such is the true speculative nature of the stock market... 

Who can claim credit for winning, then?

 

Hurricane Felix will make landfall but it is not going to cause any damage to offshore fields.

 

Hey, these few days price seem quite stable so is SPC a gd buy at present stage ?

 

LONDON (Reuters) - Oil held above $74 on Tuesday, as investors tracked a potentially catastrophic hurricane threatening Central America and OPEC stuck to supply curbs ahead of its meeting next week.

U.S. crude (CLc1: Quote, Profile, Research) was up 10 cents at $74.14 by 1122 GMT, after trading electronically on Monday when the U.S. Labor Day holiday shut the New York trading floor. London Brent crude (LCOc1: Quote, Profile, Research) was down 10 cents at $73.31.

Felix, now a dangerous Category 5 hurricane, was due to hit land in Nicaragua and Honduras on Tuesday, though oil and gas producers had yet to evacuate rigs in the Gulf of Mexico, home to a third of U.S. crude and 70 percent of Mexican crude output.

"Helpfully for the oil price and OPEC, Hurricane Felix is on a westerly path that could reach Mexico's Cantarell, the world's third-largest oilfield, by the end of the week which suggests a picture of tight market supply," said Richard Batty of Standard Life Investments.

Traders were also waiting for OPEC's meeting on September 11, with expectations the exporter group will retain output curbs. A Reuters survey showed OPEC kept supply restricted last month.

Consumer nations have been urging the Organization of the Petroleum Exporting Countries to pump more crude as U.S. oil climbs back towards its all-time high of $78.77.

Analysts also are convinced OPEC must boost supplies to keep pace with growing demand this winter.

An OPEC source told Reuters on Tuesday the 12-member group may have to raise supplies by up to 1 million barrels per day (bpd) later this year.

OPEC officials have said repeatedly that -- for now -- the

world has more than enough crude. The only member suggesting the possibility of an imminent supply boost was Indonesia, OPEC's second smallest producer.

"If current high prices are due to inadequate supply, then we will propose current production level increase," Indonesia's OPEC governor Maizar Rahman told Reuters on Tuesday.

OPEC, source of more than a third of the world's oil, agreed last year to lower production by 1.2 million barrels per day (bpd) from November 1 and by a further 500,000 bpd from February 1.