SPC   

SPC

No good. Collected another red stick today.

Reaching support level soon. 

 

This is no longer a million dollar question, but a few ten of thousand dollar question.

If I'm confident Dow head north or south, I will have hoot accordingly into our market already.

 

where is uncle Dow heading this week?

 

5.70SGD MAY be the support formed but a break below 5.65SGD will resume its downward trend.

 

Today is having a good start of the week...

Let's see whether this counter will trend up with the index..

 

SPC's TA charts still look bearish. Acc/Dist and Chaikin are dropping. Almost breaching lower Bollinger Band.

 

Wah... so cute.. :)

The best picture I ever took was of 3 old men in some old European town looking at me with blank faces while I took a picture of them sitting on a bench. Hehehehe... 

 

So cute.....lucky fella to sight them....and definitely take the stress away and bring a smile to you.....and all of us too!

 

wah! so cute! i also wanna go!

 

Following my last post yesterday , I decided I have enough stressing myself unneccesary with some of the post in this thread, I closed shop yesterday went to Sungei Buloh Nature Sanctuary...

 I was fortunate to sight two otters.............

they were chasing fish...causing them to leap into the air... in the stillness of the evening tide, a splash of waters as the fish breaks into the air... a stirring yet calming view,  away from the upheaval (or it

down heaval)  panic selling of the market...  I returned restored .. knowing all is well.. Monday will be ok....

 

 

downtimes are happy times isnt it?

money is made on the price bought, not on the price sold.

 

Going forward, I think we should raise fund in cash as there will be lots of houses and condo in Auction Centre. 2nd hand car dealer will flourish too. Cash is KING now.

 

Well, the indicators are there for over a year, SUbPrime Mortgage in US. Sentiments have changed since the fallout from SubPrime Mortgage and the effect is still not fully felt yet.
Locally, it may crash thru the support level. The STI target range from 2800-3100.  Read the article below. Thread cautiously,
http://news.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1Story20070810-21472.html

 

thanks idesa168, I am still in the black... will hold on... I realise that market sentiment today is not good but I believe for this counter it will certainly not turn turtle... and there will be a rebound...

Meanwhile I am going to Sungei Buloh and take pictures again of the birds...  have a good weekend folks....

 

I hope I am wrong, I am expecting 3 waves of sell down. FIRST from Europe which will kick in later in the afternoon. SECOND from Monday where the FM and people of SG comes back from holiday. LAST one from Tuesday, would be a milder one. Good luck if you still wish to hold on! I am at the side line now, biting fingers though I am already out, but feeling nervous when mkt turns ugly.

 

dont worry be patience...my SHORTIST brigade is working on it...<5.50 next wk not an issue :)))

SHORTING DELONG is my best love :)))) !!

 

Guys think about it, most of the people may be out of Singapore today due to National Day holiday. When Monday comes, or even Tuesday, the dop may be more. I have turned pessimistic now, sorry!

 

I am out of SPC temporary to do some damge control. Will be back. Mkt sentment is too strong! CKS, hope your damge is within control!

 

Last	Trades	Vol	BuyVol	Mid	SellVol
5.750	23	142	111	0	31
5.800	36	546	324	0	222
5.850	6	385	2	309	74
TOTAL	65	1,073	437	309	327

 

YAY!!!!!!! FALL!!! FALL!! FALL!!! I WANT TO LOAD UP SPC!!!

 

MARKET SENTIMENT= fear or greed. Current situation=fear. But I am still bullish on SPC as a fundamental company with strong cash flow and business model. However, I do not wish to fight the mkt now. CONSERVE = more fund to fight later.