SPC   

SPC

i think take profit when appropriate safer.....for me waiting for SHORT signals !! hee....

 

I think I am also revising my target to 5.50 (PE 10x) as oil prices now look to be above $65 which means  margins for SPC would be good on top of this (they also have oil exploration plus Oyang coming online) Pls note Keppel Corp who knows best about SPC is buying more shares....  short of major NYSE correction I think we are going to hit it...ps looks like I will win my bet with Victorian.... we are sailing along....

 

chipchip66

You are correct. My friend is sitting on $38,500  dividend. That's why he is in a fix, whether to sell out or not. He bought at 4.66. It went down to 4.04??  At about 4.90 his profit is 26,400 (deduct some fees). Dividend is already taken into 4.90.

In case the price drop (no one can be sure), he lock up 26,400 profit first. If the price rise, too bad, the profit is less.

He can always buy back before April 27. The dividend is still there. 



There are many rich people in the market who "do not know how to play shares". My friend is one of them. That's why I mentioned  'my "stupid" friend'.  Anyway, they are not so stupid when they do business. They (& my friend) make lots of money, to lose it in the stock market!!!!   

 

687 lots sell queue at 4.90, yishhh... what price is good to enter , gentleman?

 

gentleman, I am coming, I hope I am still not too late !!!

 

liverpoolfc

Funny,my target is also S$5.5.

U got inside info.of my strategy?

Just kidding.

 

Geojam, world demand higher than supply  , crude price going up from low of 60 dollars per barrel bcause of tension in ME ,  steady counter hold up well even is red in Dow .

My initial target is for dividend, now change my target to get out at 5.50. cannot be too greedy,

good luck to you guys , who are  holding on for higher.

 

Hi kilroy

Luckily i checked ur posting and realised what u said was wrong b4 i bot my SPC shares.

Are u deaf at that time when u hear it from BBC?

 

Oil will been a scare resource for a long, long, loong time to come. I recall reading somewhere that we are not replacing the crude that we dig out (i.e. we use more than we find new ones). And it gets more and more costly to dig out new found oil reserves. So it will be scarcer ... and costlier.

To those vested, be patient. if you want a quick gain, you may be better off with other counter. Just my view. Vested (but looking at the gain now, kicking myself for not averaging up enough :-(  )

 

KilrOY, YOUR statement that iranian had realeased ALL 15 sailors (posted by you on 29-3-07) is UNTRUE as at your time and day of your posting....take care when posting any UNTRUE statement...you could be liable for such a pric-sensitive UNTRUE statement.

 

liverpoolfc

U have inside info?

 

To all SPC members, 

Keep going - Up Up and away,,,,,  no problem to break thru 5.00 by early next week,

 

Sorry, shoud be:-



If China can really do it, then it would NOT have to import oil products from outside.

 

hi lewsh88, yr fren has invested almost $500k into SPC! His dividends will be $38,500!!

 

Well, it is true that anyone can built a refinery nowadays. But the issue is that can they do it that fast and with the needed quality to sustain the demand for oil products? Unless of course they intend to stock it up as reserves.



If China can really do it, then it would have to import oil products from outside.

 

Agree with elf... SPC is still looking good.

 

Haha, me still hanging on patiently, Livermore....waiting for it to hit the big 5  ;))

 

Hi elf,

Tks.

Will pass him the advice.

 

lewsh, your friend has to make his/her own call.

but tech wise: uptrend in place. All indicators read up (a/d, co, RSI, williams, MAcross, MACD). Your next resistance to break: 5.2.

Can guess what's happening. a middle east fear and hence psychological rerating of SPC. think i said somewhere long ago here before, SPC is defensive against other stocks. When fear of war/tension rises, other stocks will drop, SPC will go up. Your indicator is oil prices, again, not refining margin--because investors link SPC with oil, not refinery. it's that simple sometimes.

 

Hi folks,

Need some advice because this is too big for me.

My (stupid) friend bought 110lots SPC sometime in Dec at average 4.66.

He does not know what to do now.

Thanks for any advice.