Post Reply
461-480 of 6935
Hope you are right that market has botttomed....BUT something bugging me that the BIG one might be brewing...from:
(1) unpreceented surge in USD money supply, which should have bankrupted USD by now;
(2) the reality of unprecedented global retrenchment and company bankruptcies might create a negative spiral effect next year;
Notwithstanding above it looks positive overall but IMO it is wise to factor in Murphy's Law, expect the unexpected......
Noble falling all the way back to 47c? No way. I don't think you would even get it at 70c.
crimson ( Date: 20-Dec-2008 13:07) Posted:
|
agree with you completely.
will wait for 1.70 n also sembmar @1.00 to buy.
Referring to singaporegal's comment, is it more likely that the price will drop, considering that SPC mentioned that their earnings have been "severely weakened", and also that the OPEC cut will not significantly affect oil price anyway given the deep recession and low demand for oil?
singaporegal ( Date: 18-Dec-2008 10:47) Posted:
| Bollinger bands are very tight on this counter. Large price change may occur soon. |
|
Bollinger bands are very tight on this counter. Large price change may occur soon.
Is that what you learnt from the gene?
iPunter ( Date: 16-Dec-2008 16:08) Posted:
If one has enough spare money, say at least ordinarily 300k, one can buy in stages or steps of 0.20 as it falls and if it falls. One's money then gets tied up in the market indefinitly.
Thus as one buys on the way down from this point on, one can be reasonably assured of a good average price in the long run, say three to five years down the line. But even that is not certain because the world/US economy may be rather 'freakish' this time round... 
|
|
Are you cursing this counter?
iPunter ( Date: 16-Dec-2008 16:08) Posted:
If one has enough spare money, say at least ordinarily 300k, one can buy in stages or steps of 0.20 as it falls and if it falls. One's money then gets tied up in the market indefinitly.
Thus as one buys on the way down from this point on, one can be reasonably assured of a good average price in the long run, say three to five years down the line. But even that is not certain because the world/US economy may be rather 'freakish' this time round...
|
|
If one has enough spare money, say at least ordinarily 300k, one can buy in stages or steps of 0.20 as it falls and if it falls. One's money then gets tied up in the market indefinitly.
Thus as one buys on the way down from this point on, one can be reasonably assured of a good average price in the long run, say three to five years down the line. But even that is not certain because the world/US economy may be rather 'freakish' this time round...
There is still some way to go down. It is much better to accumulate when selling pressure has eased
Have no fear, buy from $1.99 all the way down, In 2003, I bought $2.54, also can make profit, that is, if you got patience.
2007 was a good year and 2008 seems a bad year.So it would not be hard to guess the quarter to quarter result for next year. Let's say SPC is now $1.70. I would not buy yet
leechongpeng... :)
Very good question...
Everyone place their bets... and they are in fact all bets...
If you bet now (buy now), you may win... but if you wait to bet @1.70, you may also win,
but as the price gets lower, your risk of losing is bigger (ie. in percentage terms).
This is to say that no one knows whether they will win or lose.
They can only bet and decide to hold for a long time (ie when they lose)... .
hv never average down or average up for any counter n will not do so; do not know whether can get at 1.70 but tat is targeted buy px n if cannot get at 1.70 then forget it but if get it then targeted sell px is $5.10; if u do not wanna miss boat then buy at watever px u r comfortabl with...... also waiting to buy semb marine at $1.00
Do you hold any SPC shares? I didn't own any. If I wait at $1.7 and it just rebound back up. Won't I miss the boat ride up. Any advise? What the percent that it will drop to 1.7?
lookcc ( Date: 15-Dec-2008 13:30) Posted:
| waiting 2 enter at 1.70 [mayb can get b4 march next yr].
|
|
waiting 2 enter at 1.70 [mayb can get b4 march next yr].
Pumping oil from the ground is free, just need petrol to run their pump & petrol itself is from crude oil.Countries who need cash to ease their cash flow will pump more regardless of oil price.Do you think Opec members is so stupid to cut production? They say only, when price goes up a bit they will pump more to ease their thirst.They have got no choice.
Oil prices fell after the US Senate rejected a $14bn bail-out plan for the carmakers’ sector, a move that weighed heavily on sentiment towards commodities.
Nymex January West Texas Intermediate fell $1.70 to $46.28 a barrel, but gained 13.4 per cent over the week, while ICE January Brent lost $0.98 to $46.41 a barrel, rising 16.8 per cent this week.
Crude prices rose over the week on mounting expectations that Opec could announce a big production cut of at least 1m to 1.5m barrels a day at the oil producer group’s meeting next Wednesday. Comments from Russia’s president indicating that he was willing to work with Opec on possible supply cuts also helped to bolster crude prices.
However, the rapidly weakening outlook for oil demand was underlined by the latest update from the Energy Information Administration, released on Tuesday. The statistical arm of the US Department of Energy said that, for the first time in three decades, global demand for crude oil was set for a decline in two consecutive years in 2008 and 2009. Harry Tchilinguirian, senior oil market analyst at BNP Paribas, cautioned that an overly aggressive production cut by Opec might simply be deemed unfeasible by the market.
“Achieving a price floor rather than pushing for higher prices in the current economic climate seems a more realistic goal,” said Mr Tchilinguirian. BNP cut its 2009 average price forecast for WTI from $75 a barrel to $53, warning there could be more downward pressure on oil if January brought more weak economic data and further deleveraging by hedge funds.
agree. Demand low = oil low.
When mkt recover, oil will go up. Now dont buy wait for wad?
