SPC   

SPC

we are going on a roller coaster ride, who's in?

 

i have done this once, and i will do this again, ride with SPC till $4. vested since 2005.

 

To summarise in short, I see that US or China market may crash pretty soon, maybe next week. I am out for this reason. At this moment, SPC is still making good profit from refining.

 

 

if you dont sell, you are going to suffer paper losses!

 

sell sell sell everyone faster sell. i wanna get good price!

 

thanks good logic Jackjames, sir....but I guess however I also heard china stocks more likely to correct rather than burst..  understand PE 50x and not like 150x of dotcom days;  besides SPC is a defensive stock.. sales may not apply to this stock... but I thot current 5.15 is alredi good value, I just got vested again.. and continue to collect...

 

it's coming soon, well at least within 3 months time, the best next month! why not just wait for the sales ?

 

izzit worried about china bubble?

 

oops, sorry 1402, my post below should be addressed to 007

 

1402, could share your reasons?

I think that if we assume that SPC's refining are at full capacity, particularly with scheduled maintenance shutdowns, a short term drop in oil prices should not significantly affect their profit margins, hence eps etc. In any case although nigerian workers might end their strike, it would only take one or two oilers to be kidnapped there and then the oil price go up $1 etc...,

 

thats fast.

 

Just I am no longer as confident as before for a few reasons. I have reduced my positions.

 

i have just been enlightened on the sale/purchase of shares by directors. thank you idesa.

 

Directors sell share for quite many reasons, needed $$ for personal need, needed extra fund to invest, and of course if the company is not doing well, he may throw his shares before the general public gets the wind. However if a director buys shares, there is only one reason, is to make $$. If the company he is working in does not look good, I am sure he will not buy. After the director bought the shares, he will need to cash them out at some point of his life. I believe even Warren Buffett will do so at some point. But that does not indicate that the company is in ill health. Here I am saying not a sure thing to see this tell-tale sign as good stock, but one of the way to evaluate your purchase of any shares. Of course check out the FA of the company is the first thing one shd do before buying the shares....Just my 2 cents worth of thoughts to share.

 

09:02:21 5.250 1,000 B
09:01:47 5.250 49,000 S
09:00:38 5.250 25,000 S
08:59:04 5.250 154,000 X
   
 


these ppl so kiasu. so early snap up at 5.250 

 

A slide in shares of energy companies, including Exxon Mobil Corp, weighed on the Dow Jones industrial average and the S&P 500 in light post-holiday trading as US oil prices dropped about US$2 a barrel.

 

Oil Plunges Almost $2 on Signs of Adequate U.S. Fuel Supplies


By Mark Shenk

May 29 (Bloomberg) -- Crude oil plunged almost $2 a barrel in New York on signs that U.S. gasoline supplies will be adequate to meet summer demand and after Nigerian oil workers ended a strike.

 

 

 

lelong lelong. here comes SPC great singapore sale. nickyng where are you?

 

good for you to stay with SPC till now.

i know a guy who managed to catch SPC at 4.1-4.2 and sold off at 4.5-4.6 without collecting dividends, how sad is that, he did not realise he had the gem in his hands. he is still waiting for market correction for many weeks since then.

 

Hi idea168 and 1402,

Sorry. I wrote wrongly. SPC does not sell crude oil which I initailly thought it is one of their source of revenue. That's why I am surprised many people seem to relate price of crude oil with SPC's share price.

Anyway, I have no balls to enter at 4.04. I thought it was heading for free fall at that time. Volume was thin too back then. Entered only at around 4.30.

Ya hopefully SPC will hit $6 soon.

 

tomorrow die. shorties come out to play.

 

Oil Slides To $63 Range as Refineries Restart, Nigeria Strike Ends