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5541-5560 of 6935
hee....covered at $4.36 :P ....PHEW !!
Planning to buy and keep for dividend , what is the fair price to go in?
Any comment...
Thanks
I share your feeling Shplayer, and hope so... anyway I too believe we are on a up trend.. the big boys are out; look at this!
| 10:22:35 | Buy Up | 4.420 | +0.060 | 1,376 | 427 |
| 10:22:17 | Sell Down | 4.400 | +0.040 | 949 | 21 |
| 10:22:16 | Buy Up | 4.400 | +0.040 | 928 | 251 |
about 700 lots in few seconds
but they are still hammering it and I suspect to make the faint hearted sell and then ramming it (i hope) up later.. we will see... very interesting action here...
My gut feel is market will remain firm today and may pick up some more in the afternoon session.
SPC will recover part of the 8cts fall of yesterday and should close at or above 4.40.
No bad intentions against you nickyng....just my GUT feel.......but I think today you may have diahorea.
Wetting still ok. Wait till is the sai coming out then horrors of all horrors :)
oh no....i m wetting my pants now :((
When you short-sell the, the big risk is a surges when the Big Boys buy up.
Thrill-seeker Nickyng ...very interested to know how it goes at end of shorting venture. Pls post update.
hahaha... short high-high very shiok... hehe... :)
ok...show time for me...shorting at 3x$4.40 :P
hee...
Oil prices surge on Saudi output, US supplies
Posted: 31 January 2007 0449 hrs
NEW YORK : Crude oil prices rocketed nearly three dollars on
Tuesday on signs that OPEC kingpin Saudi Arabia is gearing up to cut
its output, traders said.
The smart rebound from Monday's price falls came also ahead of a US
government report that was forecast to reveal lower heating fuel
supplies amid a cold snap.
New York's main oil futures contract, light sweet crude for
delivery in March, leapt 2.96 dollars to close at 56.97 dollars a
barrel.
In London, the price of Brent North Sea crude for March delivery jumped 2.71 dollars to settle at 56.39 dollars a barrel.
No worries. Uprend intact!
From TA perspective, the downtrend has been broken. But it is not really out of the woods yet unless it can break beyond the preceding high of 4.48. Taking the fundamental view, the recent spike is partly due to the 35cts dividends which may explain for the lack of uptrend momentum. I would not recommend if it fell below 4.20 support line after ex-div. However their business dynamics appears favorable with higher demand and better margin expected coming from various storage projects to be completed during the year. Steep breakout only if success in oil exploration projects. Conversely another futile exploration like the Jeruk project can provide further downside. Tread with prudence.
[16:34 US TECHS: Commodities, Gold Trend Struggles, Oil in Range] Boston,
January 30. Gold continues to trend bullishly despite the setbacks of the last few days. See 8033 However, the potential for further upside is at risk due to
the recent failure to rise above $655.5, which was the high in December and the highest prices since early August. Further stalls below that level will
eliminate the bullish trend, suggesting that the market is in a major range trade that could take prices back to the center of activity at $629.2 if the bullish trend.
Oil is not trending, but it is recovering from the trend in December that brought the market down from $66.00 to $51.31. The bounce from the latter has
not been able to reach 38% retracement of that range, at $56.92, suggesting that the bounce is a correction within a larger bearish move that is still underway.
However, oversold readings on daily oscillators and neutral trend signals on daily studies make further weakness unlikely for another week or two, all
indications that range trading will keep action limited for awhile.
Chris.L.Moore@Thomson.com
January 30. Gold continues to trend bullishly despite the setbacks of the last few days. See 8033 However, the potential for further upside is at risk due to
the recent failure to rise above $655.5, which was the high in December and the highest prices since early August. Further stalls below that level will
eliminate the bullish trend, suggesting that the market is in a major range trade that could take prices back to the center of activity at $629.2 if the bullish trend.
Oil is not trending, but it is recovering from the trend in December that brought the market down from $66.00 to $51.31. The bounce from the latter has
not been able to reach 38% retracement of that range, at $56.92, suggesting that the bounce is a correction within a larger bearish move that is still underway.
However, oversold readings on daily oscillators and neutral trend signals on daily studies make further weakness unlikely for another week or two, all
indications that range trading will keep action limited for awhile.
Chris.L.Moore@Thomson.com
Looking back actually SPC current price is 4.0 + the Div it's going to give... maybe it will sink below 4 after ex-d? Juz a thought.
at 4.36 SPC uptrend is still intact, however if the stock closes significantly below 4.36. e.g. 4.30 or stays consistantly below 4.36.
Then its bye bye uptrend
May be too early to tell yet... but I detect some weakness in SPC. Lets see how it performs tommorow.
I took profit @ 4.38 as price action failed to breach 4.48 today with overbought condition.
darn! missed it...didnt manage to short today...nevermind...catch it again tomor :P
too risky for an old man like me