SPC   

SPC

4.46 is a surge above 4.42, so it will be good.  The price action will need to break out of the range we are seeing right now.

I am not sure if its going to go up or down but chances are it will resume its last trend - upward.  The uncertainty is why I locked in profit for earlier my trade.

Still running 2.4km?  CAT Y now I presume?

 

everytime SPC prices goes on a rollercoaster ride, my heart starts pumping very hard man. like i am running 2.4km like that.



KiLrOy.... i dun think 4.42 helps to resume upward trend, it needs 4.46 to resume uptrend

 

As I mentioned previously... I detect weakness in SPC. Be cautious.

 

elf,

you are absolutely right...I did not factor in the high from the adrenalin rush...cannot put a $$ price to it.   : )

 

hehe, shplayer, if it makes him happy, why not? :)

 

According to my calcs, if nickyng shorted 3 lots of SPC at 4.40 and 4.36, his net profit would have been $28.23. Broker comm+other fees is $91.77. Transaction turnover is $13,100+ each way....

Is it worth the risk?

 

hey giantlow, relax lah...i've already given you the trading range of SPC what...it's a 4 dollar stock, inevitable to have large movement.

aside, be careful if it drops below 4.32-4.34.

you asked abt celestial (sorry can't find the fellowship thread and too tired to go hunting for it): appears to be on downtrend since nov. it looks to be crossing a buy soon tho. in other words you're looking for a short up on a downtrend. prob look to go in abt 1.43-1.45; i have no idea what the upside is  going to be tho. want to sell off....newmoon's warning abt correction... k, nites, buay tahan liao. zzz.

 

Second day, the trade ended at 4.36. Intraday range between 4.36 & 4.42.  Bigger picture we see the daily chart starting to consolidate between tight prices. A surge above 4.42 may helps resume the upward trend.

 

Thanks giantlow - Will buy tomolo.

Green Carrot

 

Tracking my SPC warrant from Vietnam. It is moving man!

 

btw watch the volume distribution today:

big boys bought about 700 lots! perhaps SPC if not then some fund managers, then we are in business...

 

hang on giantlow.. :-) ...  i just heard distilate inventory minus 2.1mbd.. but watch out for later today announcements.. however note the cold spell continues .. chicago is now minus 22 deg C.

i think 2molo or friday should see more action by big boys

do go for a work and have some rest, "old" man...

 

chinakangda 0.415, history LOW today.

LMA 0.565, history LOW today too.

OSIM climbs up a bit while ending..

Luzhou has "strong" buy up after 4.30 pm. Interesting.

 

nickng - a good profitable dash and i am already feeling the thrill for you already.  As some people had already pointed out, do you think it is worth the thrill to climb up the tree instead of picking those low-hanging fruits like OSIM (I must say from hindsight).?

Nevertheless I feel good for you too and thanks for the thrill.

 

the mkt is making an old man like me very tired man

everyday, play yoyo

 

hey nicky, good action.. but not for me the chinkiasu... I guess you have the short covered ...?

but I suspect things may move 2molo or Friday..  saudi making oil cuts against oil inventories still high.. lets see where we go..

 

Patricia....

as my good fren, elf mentioned b4, $4.36 is a great price to enter.

quite strong support at this level

 

Nickng: good for u. every day like this. earning better than working. but becareful of heart attack can happen any time. god bless u.

 

not bad nickyng, guess you short at least 5 times liao, isn't it?

 

nickyng,

Good for you...like I said before...you are crazy.

With this thin margins.... 0.9% for buy/sell, your broker makes most of it.....that is presumeably you traded above the minimum trading value to minimise your trading costs.