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what is the point of a crazy cold winter?
SPC doesn't track the oil prices mah.
We need a rating upgrade!!!!
ok ok...got ur msg ! i wont short this wk ok? hee...told u..tide for SPC is turning..hang on..as the days draw nearer to the AGM on 25-Apr...stock price shld ease upwards ! :P
sorry for the extras.. big boo2. but anyway a picture is better...
Winter Storm Moves to East Coast
Published: February 14, 2007
Schools were closed, airline flights were delayed and commuters were miserable today as a snow and ice storm reached the East Coast after paralyzing parts of Midwest on Tuesday
Cities along the I-95 corridor from Washington to New York braced for a second dose of sleet and freezing rain during the evening commute while areas near Boston are expected to get some snow before sleet and freezing rain are added to the mix.
The precipitation is expected to end over night as the storm moves up the Northeast coast.
The
National Weather Service predicted that wind chills in the New York area will be below zero tonight and Thursday night due to low temperatures and blustery winds accompanying the first substantial winter storm of the season.
Winds tonight are forecast to reach 25 to 35 miles per hour with gusts up to 50 miles per hour in the region. The weather service warned that the sub-zero wind chills can cause the life-threatening health conditions of frostbite and hypothermia.
etc etc etc.. but Bloomberg (if one is to believe them) says
Oil Drops as Imminent Warm U.S. Weather May Trim Heating Demand ... I believe that another picture is worth a thousand words
Cities along the I-95 corridor from Washington to New York braced for a second dose of sleet and freezing rain during the evening commute while areas near Boston are expected to get some snow before sleet and freezing rain are added to the mix.
The precipitation is expected to end over night as the storm moves up the Northeast coast.
The
National Weather Service predicted that wind chills in the New York area will be below zero tonight and Thursday night due to low temperatures and blustery winds accompanying the first substantial winter storm of the season.
Winds tonight are forecast to reach 25 to 35 miles per hour with gusts up to 50 miles per hour in the region. The weather service warned that the sub-zero wind chills can cause the life-threatening health conditions of frostbite and hypothermia.
Cities along the I-95 corridor from Washington to New York braced for a second dose of sleet and freezing rain during the evening commute while areas near Boston are expected to get some snow before sleet and freezing rain are added to the mix.
The precipitation is expected to end over night as the storm moves up the Northeast coast.
The
National Weather Service predicted that wind chills in the New York area will be below zero tonight and Thursday night due to low temperatures and blustery winds accompanying the first substantial winter storm of the season.
Winds tonight are forecast to reach 25 to 35 miles per hour with gusts up to 50 miles per hour in the region. The weather service warned that the sub-zero wind chills can cause the life-threatening health conditions of frostbite and hypothermia. etc etc
But Bloomberg says, otherwise who to believe?
[15:30 US TECHS: Commodities Outlook; Gold and Oil] Boston, February 14.
[Gold] has retested precisely its peak levels set on continuous COMEX futures charts from mid-July with today"s advance. On charts of Apr futures, an Elliott wave fourth wave pullback would target either side of $650, and fifth wave objectives to either side of $700. Weekly and monthly targets for the contract point to objectives of $680-700. Lags in daily momentum will be overcome with continued buying. Intraday supports are at $672-673.50 currently. There are few obvious reasons to be bearish at present.
[Oil] remains in a just-under-$4 range for February so far, with the edge given to bears due to continued weak showings by relative strength and other momentum oscillators, the failure to stay above 40- and 50-day moving averages, and the spike left on charts last Friday. Daily trend models turn bearish today below $59 Mar but weekly bull trends will stay in force unless $57 is closed below (at week"s end). Bearish monthly trends have not given way, nor been under much of a threat of doing so, an important backdrop and a good reason to stay very defensive. Joel.Marver@thomson.com
it is freezing cold right now in wall street
NY,NY
yet, Bloomberg (if one is to believe them) says
Oil Drops as Imminent Warm U.S. Weather May Trim Heating Demand
By Eduard Gismatullin
Feb. 14 (Bloomberg) -- Oil fell because warmer weather expected later this month in the U.S. may reduce heating demand and as traders speculated that crude inventories are growing.
Temperatures in the U.S. Northeast, where four-fifths of the nation's heating oil is burned, will ``be near or above normal'' in the week to Feb. 27, according to the National Weather Service. U.S. crude oil stockpiles probably climbed 1 million barrels in the week ended Feb. 9, according to a Bloomberg News analyst survey before an Energy Department report today.
Whether you are long or short, you can be right or wrong.
You will only know the verdict weeks later, when the market shows you.
ok..usually on i will short this counter today...but i m more cautious now..hee...just gut feel.... :P i believe the tide turning is coming for SPC...hee...BUT that doesn't mean u CANNOT SHORT ! :P
i agree with you giantlow, the DBS sale must certainly have dampen any possible buys by institutional buyers when they get wind of it... but I think now that DBS have made the announcement, it means they may have completed their sale and things hopefuly should be back to normal...
for us what to do... when elephants shit or fart, we squirrels just get suffocated....
my bitter lesson from this: never, never touch warrants.... we will always be at the mercy of the bboys..
hmm. shplayer.
firstly, i dun think that they release the shares evenly over 20 days.
secondly, the company releasing the shares also matter
I am imagining this in my mind now. broker talk
"did u hear the Temasek release 573 lots of SPC though its associate co, DBS. wah lau eh, we better SELL SELL SELL"
We are actually at the mercy of BBs who can swallow and throw out as and when they want. Small fishes always lose out in the end.
hi shplayer and other forumers, paiseh lah! No harm intended.
giantlow,
come on...lets put things into perspective.......573,000 shares is 573 lots....released in 20 trading days => ave 28.6 lots per day. Ave daily trading vol of SPC during that period is 1,442 lots.....=1.98% of trading vol. Surely the market can absorb this.
Anyway, when I assess my investment on any counter, I place 2 factors high on the priority list......capital appreciation potential and div yield. In this way, if the first fails to materialise, there is still the divvy yield to fall back on. So, withthis counter, you still have the div to cover your cost/opportunity cost of funds.
giantlow,
Sorry, no malice intended ....... just trying to make a point.....and your name came to mind.
45.02 % represents 231,916,797 shares while 44.85 % represents 231,343,797 shares. This means that the bloody DBS released 573,000 shares into the open market in Dec and Jan.
Even if oil prices rise to $70 per barrel, SPC cannot increase at all if DBS continues to release more SPC shares. Simple demand and supply. sigh....
there is no way i could have factor this into by analysis b4 i bought SPC. gisntlow recommends a short term "STRONG SELL" on SPC. the stock might only recover toward the dividend payout date before continuing the slide
for those interested in the SGX annoucement
From 45.02 % To 44.85 %
1. Between 12.12.2006 and 11.1.2007, there were a series of sales of shares in Singapore Petroleum Company Limited ("SPC") by the DBS Group Holdings Ltd ("DBS") group of companies. As Temasek directly and indirectly owns approximately 28% of DBS, Temasek is deemed to have an interest in any SPC shares held by the DBS group of companies.
2. Between 8.12.2006 and 8.2.207, the total issued SPC shares (excluding shares held in treasury) increased from 515,093,357 to 515,823,357 as a result of the issuance of new shares by SPC and the transfer of shares held in treasury to SPC employees pursuant to the SPC Restricted Share Plan and SPC Performance Share Plan. |
aiyoh. shplayer. thanks for your concern. i will finish reading the SGX announcement before getting any heart attack lah.
hahaha
i've kinda accepted that there is no way for my SPC to recover strongly in the short term. now the question is how to exit and minimise losses.
chipchip66,
If you read the announcement carefully, there was a 'series of transactions' by DBS between 12 Dec 06 to 11 Jan 07,which included increase of issued SPCshares due to the employee share option scheme.
Because Temasek is a substantial shareholder of DBS, they were reqired to make the announcement due to their indirect interest in SPC.
As far as I know, Temesek does not hold any direct stake in SPC.
I don't consider this announcement of any significant issue.
This kind of postings, which is obviously quite misleading, can give unsuspecting fellow members (aka giantlow) a heart attack.
Temasek just pared down its SPC holdings.
