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5261-5280 of 6935
May be topping out in the short term. Be cautious.
This looks more like someone doing Long Short to me. Someone with very deep pocket.
well..price movement will be significant only when there's AGM or whatever to approve the divident pay out..etc..so like in mar or apr hee...
BBoys jam the price between $4.38 to $4.40. Seems like it will stay like this for the whole day.
so far so good, 4.40 for the record...
well...judging from the CRUDE trend and last few day SPC trades...likely ard 4.34-4.38....hee...too narrow for short today..i rather short CITYSPRING ! :P
Nickyng,
what is your closing estimate? $4.20?
Oil Plunges Below $58 as Saudis Say They Will Boost Shipments says Bloomburg today...
but remember folks, refineries like SPC are concern with margins... therefore dont let the big boy scare you and dont panic...
Just for record purposes, note yesterday's trade is dominated by big player basically to keep the price down?
i see a rounding top forming. bearish signal.
kilroy, bigboys once collected enough, px will b pushed up by them. Plenty of px's northwards...pe only 5 n dvnd 35cts ...even @ $5.00, yield is 7%...fd @7% mayb in 2010.
This is what I see. You or others may see something else since our indicators' setup and the time frame we are looking may differs.
On a daily chart.
Trend Play - Its going nowhere. ADX shows trend strength diminishing. I think another trend indicator such as the Bollinger Band may be useful here. The band is tight which may suggest a outbreak of price action?
Momentum Play - CCI shows the momentum has reversed from overbought condition and with much room to play southward. Price action looking to head south.
Share what you see?
so for this counter, what would you advise?
I think mebbie stop listening to all this 'directionless' news. The concept of TA is that news be it old or future is already factored into the price thus the price action. Instead of trading based on the news, or predicting the price outcome of a news, why not simply trade based on what the chart is telling you. Picture (chart) paints a thousand words you know. Sorry.. atat bias towards TA. : p
good work, nicky... we should do a tally here and see that at the end of the day (i meant say for those who held on for FA play) which method is best for this counter....
hee.....that's right! covered at 4.38 !! :D
he is hoping for 4.38...
didnt buy back yet...waiting till end of the day for lowest price :P (if any)
nicky shorted 3lots at 4.42, buy back at what price ? what is gain ?
I thot the consensus is that this counter is rigged... i.e the price of this counter has no real relationship with oil prices perhaps except only when oil prices go down...therefore what ever fundamentals, the price is only going the way that #$#^&%#$ big player wants it?