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I think the best of the best news will be the time when the CEO and directors of SPC buying in from the open mkt. These are the ppl who gets the first hand wind before the mkt moves.
I think the best of the best news will be the time when the CEO and directors of SPC buying in from the open mkt. These are the ppl who gets the first hand wind before the mkt moves.
Giantlow, we all had learnt our lesson the hard way when we listened to these analysis, especially from ML. They are a bunch of crooks getting retail investors like us to get sucked into their plot. I do hope you are listening to them when making a plunge.
If they say buy, we sell! If they call for sell, I put all my $$ in! SHOWHANDS!!!
maybe, if your name is merill lynch instead of idesa168, it will work.
jackjames.... currently i am not vested in the mother share. i am a greedy ST punter that wants to make it big. but i am considering adding SPC to my CPF funds coz of its divy
agreed idesa168..
giantlow, since you talk so much about SPC, do u buy the mother share?
[15:26 US TECHS: Commodities Outlook; Gold and Oil] Boston, February 15. The general retest of mid-July peaks on continuous contracts in [gold] at $669 on COMEX and $677.60 on the CBOT has seen a slight stall in the market"s upward path, though it is too early to say that a corrective move has begun. Daily momentum studies are at or near overbought readings. A $670 Apr close is needed today to maintain bullish daily trend models; Trend Intensity"s bullish signal has much more room before being neutralized. A push past $676-80 Apr will point to the $700 zone as the next target. Weekly supports are at $656-58. The broad outlook has been bullish since May-Dec 2006 downtrends were broken past just After mid-January of this year.
Mar [oil] is meeting bearish expectations, expanding this month"s range to just over $4 with today"s slip. Daily and weekly technical targets are close to $55, while continuous contract charts have a small base near $54. Daily momentum readings crested on Tuesday, and are set to return to negative readings within the next two days. The backdrop of bearish monthly trends keeps us expecting a push to the $54-55 area; weekly trend models avoid a bullish shift tomorrow as long as they close below $57 Mar. Joel.Marver@thomson.com
Mar [oil] is meeting bearish expectations, expanding this month"s range to just over $4 with today"s slip. Daily and weekly technical targets are close to $55, while continuous contract charts have a small base near $54. Daily momentum readings crested on Tuesday, and are set to return to negative readings within the next two days. The backdrop of bearish monthly trends keeps us expecting a push to the $54-55 area; weekly trend models avoid a bullish shift tomorrow as long as they close below $57 Mar. Joel.Marver@thomson.com
I wonder can I do the job to re-rate SPC.
EVERYONE BUY BUY SPC! IF YOU TRADE AND WITHOUT SPC IN YOUR PORTFOLIO, YOU ARE NOT A SMART INVESTOR!
Giantlow....can this do the job?....hahaha, just joking!
We shall see the outcome tomorrow when the mkt opens. Cheers!
isit a 1 time spurt or someone going to short big time tmrw.
crude oil prices sliding on US mkt trade.
WE WANT A RE-RATING to OVERWEIGHT or STRONG BUY!!!
Yes, nickyng........SJ's SPC shorting specialist.
Nickyng is a barometer? I think he is the "Chng Kay"! So now the Chng Kay say it's time the player like us should win...win big big!
May I wish all SPC believer HUAT AH!
keke, nickyng, you're the best barometer of SPC i've seen. ;)
Need to break out the 4.36 - 4.48 range. ADX turning...
i will be most happy if it moves another 10cts ... and we are only talking of 2% increase..
convincing amt done at 4.48. confirms uptrend. however, for it to propel upwards, we really need a rating upgrade.
Wow 1055 lots at 4.48. Any views abt it future? Thanks
hee...SPC $4.48 !! as i expected...the tide has turn...at least for today...hee...hey!
look like oil is in demand now....
so who is goona believe Oil will drop to $30?
so who is goona believe Oil will drop to $30?
giantlow,are u still holing any of your warrants? can see the Q of buying the warrant at 0.005 is more than a million,could be from the bboy making the final attack..:)
I know sir.... just bored .. so watching the weather... in case someone decide to use it as the excuse and then ram it up.. (btw however heating oil (refinery distillate) inventories are used up when the weather is cold... and also let the wall street brains be frozen... or that someone will wake up and do rating upgrade.. btw, the bboys are out today and they are buying....may they have a good valentine yesterday so that they may be less mean....
Some news to scare ppl =)
Oil May Drop to $30 as Investors Flee, Bernstein Says
(Updates oil price in sixth paragraph, adds previous
Bernstein prediction in 12th, Goldman prediction in 15th.)
By Nicholas Larkin
Feb. 14 (Bloomberg) -- Oil will drop more than 30 percent to
$40 a barrel in March and may drop to $30 as rising prices for
storing crude lead to a `breaking point' that forces speculators
to sell, Sanford C. Bernstein & Co. said.
Oil will slide because greater investment in commodity
futures has driven the market into contango, according to analysts
led by London-based Neil McMahon. The phenomenon occurs when
futures prices rise above spot prices, often reflecting handling
or storage costs.
``As storage fills up, storage costs rise and the contango
widens,'' the analysts said in a February report. ``At some point,
investors will reallocate money away from the commodity funds,
causing futures prices to fall.''
Last month, New York-traded crude fell to $49.90 a barrel as
warmer-than-expected weather spread across the U.S. and fuel
inventories surged. Crude has since risen on a second production
cut by the Organization of Petroleum Exporting Countries and a
cold snap in the U.S., the world's largest energy consumer.
The ``breaking point'' could come in March if Saudi Arabia,
OPEC's largest producer, fails to cut production below 8 million
barrels per day, the level needed to keep the market balanced, the
Bernstein analysts said. Spare capacity would rise, widening the
contango and driving investors out.
Crude oil for March delivery fell as much as $1.56, or 2.6
percent, today to $57.50 a barrel on the New York Mercantile
Exchange and traded at $57.81 at 1:16 p.m.
`Staggering' Flow
``The funds flow into commodities in recent years is
staggering,'' McMahon and colleagues said. Net assets invested in
the Goldman Sachs Commodity Index rose to almost $70 billion in
2006 from $15 billion in 2003, they said. ``The bubble is bound to
burst.''
McMahon, 36, joined Bernstein from McKinsey & Co, in 2003. He
previously spent three years in geology at BP Plc and BG Group
Plc.
``You've got a lot of money coming into commodities from
people who want to diversify from bonds and equities,'' Bernstein
analyst Ben Dell said by phone today from New York. ``To some
extent the bubble has burst. Making money on commodities is not as
easy as it was.''
Bernstein has been looking at the problem of passive
investment since June 2006, after the market curve changed into
contango in Oct. 2005, according to Dell.
Rising and Losing
``After four years of fund flow into commodity futures,
investors in oil are now struggling with how to generate a return
with the curve in contango and a negative roll yield,'' he said.
Investors can lose money even as oil rises when funds sell
expiring contracts and then pay more for future contracts.
Bernstein said Oct. 16 that oil will probably fall to an
average $50 a barrel in 2007 as inventories remain high and non-
OPEC production rises. Crude has averaged $55.76 so far this year.
Among analysts predicting an increase in oil prices, Goldman
Sachs Group Inc. says New York futures may rise to $71.50 a barrel
this year because producer investment is ``significantly'' short
of requirements.
The price of West Texas Intermediate, the benchmark U.S.
crude, may average $69 this year, Goldman economist James Gutman
said Feb. 8. The fuel reached a record $78.40 a barrel in New York
on July 14.
Goldman Bullish
Goldman said in December 2005 that oil prices may go as high
as $105 a barrel in a ``super spike'' period that may last until
2009, as production lags growing world demand.
Royal Bank of Scotland Plc agrees with Bernstein that oil
will fall. Prices may drop to $45 a barrel by 2011 because ``the
risk of severe supply disruption has receded'' and demand growth
is slowing, RBS analyst Thorsten Fischer said Jan. 28. Production
investment over the last few years will boost supply, he said.
Crude oil prices may plunge below $50 a barrel this quarter
for the first time since May 2005 as rebounds become
``progressively shallower,'' chart analysts at Barclays Capital
said last month.
Deutsche Bank, Europe's biggest securities company, last
month cut its first-quarter crude oil estimate by 6 percent to $61
a barrel. The bank left its 2007 forecast unchanged at $62, citing
production cuts by the Organization of Petroleum Exporting
Countries.
``Even if Saudi Arabia cuts production, it is effectively
creating underground storage, exacerbating the problem by
encouraging further oversupply and making any future correction
even worse,'' the Bernstein analysts said.
Oil May Drop to $30 as Investors Flee, Bernstein Says
(Updates oil price in sixth paragraph, adds previous
Bernstein prediction in 12th, Goldman prediction in 15th.)
By Nicholas Larkin
Feb. 14 (Bloomberg) -- Oil will drop more than 30 percent to
$40 a barrel in March and may drop to $30 as rising prices for
storing crude lead to a `breaking point' that forces speculators
to sell, Sanford C. Bernstein & Co. said.
Oil will slide because greater investment in commodity
futures has driven the market into contango, according to analysts
led by London-based Neil McMahon. The phenomenon occurs when
futures prices rise above spot prices, often reflecting handling
or storage costs.
``As storage fills up, storage costs rise and the contango
widens,'' the analysts said in a February report. ``At some point,
investors will reallocate money away from the commodity funds,
causing futures prices to fall.''
Last month, New York-traded crude fell to $49.90 a barrel as
warmer-than-expected weather spread across the U.S. and fuel
inventories surged. Crude has since risen on a second production
cut by the Organization of Petroleum Exporting Countries and a
cold snap in the U.S., the world's largest energy consumer.
The ``breaking point'' could come in March if Saudi Arabia,
OPEC's largest producer, fails to cut production below 8 million
barrels per day, the level needed to keep the market balanced, the
Bernstein analysts said. Spare capacity would rise, widening the
contango and driving investors out.
Crude oil for March delivery fell as much as $1.56, or 2.6
percent, today to $57.50 a barrel on the New York Mercantile
Exchange and traded at $57.81 at 1:16 p.m.
`Staggering' Flow
``The funds flow into commodities in recent years is
staggering,'' McMahon and colleagues said. Net assets invested in
the Goldman Sachs Commodity Index rose to almost $70 billion in
2006 from $15 billion in 2003, they said. ``The bubble is bound to
burst.''
McMahon, 36, joined Bernstein from McKinsey & Co, in 2003. He
previously spent three years in geology at BP Plc and BG Group
Plc.
``You've got a lot of money coming into commodities from
people who want to diversify from bonds and equities,'' Bernstein
analyst Ben Dell said by phone today from New York. ``To some
extent the bubble has burst. Making money on commodities is not as
easy as it was.''
Bernstein has been looking at the problem of passive
investment since June 2006, after the market curve changed into
contango in Oct. 2005, according to Dell.
Rising and Losing
``After four years of fund flow into commodity futures,
investors in oil are now struggling with how to generate a return
with the curve in contango and a negative roll yield,'' he said.
Investors can lose money even as oil rises when funds sell
expiring contracts and then pay more for future contracts.
Bernstein said Oct. 16 that oil will probably fall to an
average $50 a barrel in 2007 as inventories remain high and non-
OPEC production rises. Crude has averaged $55.76 so far this year.
Among analysts predicting an increase in oil prices, Goldman
Sachs Group Inc. says New York futures may rise to $71.50 a barrel
this year because producer investment is ``significantly'' short
of requirements.
The price of West Texas Intermediate, the benchmark U.S.
crude, may average $69 this year, Goldman economist James Gutman
said Feb. 8. The fuel reached a record $78.40 a barrel in New York
on July 14.
Goldman Bullish
Goldman said in December 2005 that oil prices may go as high
as $105 a barrel in a ``super spike'' period that may last until
2009, as production lags growing world demand.
Royal Bank of Scotland Plc agrees with Bernstein that oil
will fall. Prices may drop to $45 a barrel by 2011 because ``the
risk of severe supply disruption has receded'' and demand growth
is slowing, RBS analyst Thorsten Fischer said Jan. 28. Production
investment over the last few years will boost supply, he said.
Crude oil prices may plunge below $50 a barrel this quarter
for the first time since May 2005 as rebounds become
``progressively shallower,'' chart analysts at Barclays Capital
said last month.
Deutsche Bank, Europe's biggest securities company, last
month cut its first-quarter crude oil estimate by 6 percent to $61
a barrel. The bank left its 2007 forecast unchanged at $62, citing
production cuts by the Organization of Petroleum Exporting
Countries.
``Even if Saudi Arabia cuts production, it is effectively
creating underground storage, exacerbating the problem by
encouraging further oversupply and making any future correction
even worse,'' the Bernstein analysts said.