SPC   

SPC

Never mind... you 'rugi' just . bit...

It's not like $700k.... :)

 

lan lan..cover back at 3x4.60 ..lugi abit :P

 

In trading, it doesn't matter if our guess ( or analytic guess) is right or wrong...

It is more important to exit promptly when we are wrong.

In any case successful trading is based on obeying the market at all times... :)

 

hee...v. exciting indeed ! :D of cos gotta pay a price lah..but my short in JurTech more or less can well afford it :)))))

 

no worries I guess nickyng is not really care abt the money, he is doing this for the excitement!! =)

 

nickyng,

If you are queing at 4.58 to buy, looking at today's trade vol queue at 4.60, I think it may be a bit of a problem.

 

ohh man....rushing for my adult diapers liao !! hee...wetting my pants !! :P
that's the thrill !! hee....

 

you are a brave man nicky.... it can go either way man...  and it looks like this baby is pretty sedate... I watch you with abetted breadth.....

 

Good luck! You're the shorting expert here!

 

err..dont concur...shorted 3x$4.62 hee...wish me luck!!

 

That's great... 

 

TA charts are looking more positive... lets hope it breaks the upper bollinger band. That would be good.

 

BBs running circles around ikan bilis.

Peace

 

wah...looks like some jokers are dumping at 4.58 siah !!! start of SHORT signals??? hee....

 

thanks for your post Nicky...agree with you that reseach guy at OCBC has done some intellectual masturbation and has got verbal diarrohea, and deserves ....

anyway glad to know they  tink it should go to 4.64.. .. meanwhile as for me...  I have got gas...

 

many thanks eastonbay...  looking at intraday charts awhile ago.. big volume buy ups so far this morning.....   so far ho sei liao!!

 

read this report by OCBC Research, got say like no say hor? haha...

Poised to test resistance at S$4.64
- SPC has rebounded strongly over the last 2 months from its low at S$4.04
in January 2007. This was after a year and a half of bear cycle, when its
share price retreated from a peak of S$6.05 in September 2005.
- We plotted the price of crude oil against the share price of SPC and
observe that the share price of SPC seems to follow the rallies and
corrections of crude oil prices. When crude oil prices reached a new high
on May 2006, SPC also tested its resistance level at S$6.05 before plunging
(refer to Chart 1). Indeed, the coefficient figures for SPC against crude oil
and the Straits Times Index (STI) were 0.44 and 0.31 respectively according
to Bloomberg, which support a closer correlation between SPC and crude
oil, as compared to SPC and the STI.
- Crude oil prices have weakened after its rally from a recent low of US$49.90/
bbl, and have fallen close to the support band of US$50-55/bbl. We expect
crude oil prices to rebound from this strong support zone. This is supported
by our proprietary sentiment index, which signals a likely reversal in crude
oil prices in the near-term to make a retest of the resistance level at
US$64/bbl (refer to chart 2).
- This expected trend reversal for crude oil prices may support a similar
trend for SPC to retest its immediate resistance at S$4.64. However, this
resistance level coincides with the 200-day moving average, and may
prevent SPC from approaching the next resistance level at S$5.00 (refer
to Chart 3). Any further weakness in SPC will be strongly supported at
S$4.04, and the immediate support from the 50 and 100-day moving
averages.

 

cks: this emoticon is one of the cutest so far... hope your prediction comes true!!!

 

ya this baby look like is all gear up to cheong arrr >>>>>>>>>>>>

 

there is a wind of change blowing    looks like this baby gona soar man...