SPC   

SPC

Hey Scooby where are you? Today is another scooby dooby dooooooo day!!!

 

Just ride on the wave. The BBs have something up there we have yet to know. Keep on going!!!

 

nickyng,

Can get the link to your post on China's Oil Discovery. Can you please post again...thanks.

 

Nickyng...

hahaha... I can almost read your mind... :)

 

It will take  years b4 production begins.

 

well..nowadays every mother son also can build refineries..my take is since oil field are discovered in china itself, they will build their own refineries..but the immediate impact will be less demand for oil now that more source is being discovered...the pressure on CRUDE oil price will drop...so what does that mean??? hee...

 

From what I know, SPC's core business is in oil refining.

Thus, more oil found means that SPC has no worries of shortage of crude oil to do refining.

So I think it is good news.

 

wonder wat impact will this news has on oil related counters? hee...

China reportedly makes big new oil find

http://news.asiaone.com/a1news/20070329_story15_1.html

 

tks geogem, let's hope this logic will prevail until we offload our goods. hee..hee

 

chipchip66

I have same logic like u.

 

$350 dividends on $5 price is obout 7% returns rite? SPC price should be able to move further than $5 i think!

 

If BBs bought at $4.90, I wonder what is their tp?? 10-20% returns??? Let's ride the BB wave and see where the price will settle! 

 

After 2.00pm 3 trades bought up 100 lots each and 3 trades bought up 50 lots.

 

somebody just bought 100 lots at $4.90 at 1 go. Must be the BBs!!

 

chinkiasu

Thank u,my friend,for ur concerned.

I have gambled with my house on the line b4,did i tell u that.

This is small in comparison.

thanks again. 

 

warrants are up from 1 to 4cs today. good sign!

 

ok.. Geojam.. on a serious note.. I think the equity world is nervy that there can be a major correction... so unless we am damn sure.. I think we should prepare for the correction to come and then move in when the "chips are down"....  but for moment SPC still ok .. since you have just vested and I certainly believe you will make money, but in my case I like to be poised for the big storm.. but having said that yet I may be grossly wrong...

 

maybe dump into swan river.But aussie govt will not allow,leh.

Die also cannot be in peace.How?

 

alamak, Geojam, sir...er hmm... keke.. why you must also add pollution to the Ganges river when you go away... also you gona add to the Carbon print.. burning produces CO2, plus got to fly your body to India somemore... do consider other options....  keke....

 

chinkiasu

wish me luck.

Just take a gamble.Vested a fair bit in this counter.

If it gets to S$5.5 or more----laughing all the way to the bank.