SPC   

SPC

nah..dangerous ? of course! no risk no gain...no matter how little it is..hee

 

wah u like living dangerously ah?

 

nah..covered yester short at $4.10...overnite CRUDE price is up..wont short today...too risky...anyway 24th Jan date is drawing nearer...wont take those risk as well :) on the contrary...can play CONTRA i thk..hee

 

SPC playing see saw man. bounce up to 4.16 leow.

nickyng. are u shorting today?

 

[15:26 US TECHS: Commodities Outlook; Gold and Oil] Boston, January 17.  [Gold] moved back above its 200-day moving average last Friday ($616) after spending just over a week below but not attracting follow-through selling.  The market is now poised near converging 40- and 50-day moving averages to either side of $631.  The market entered the session neutral on all trends, though it is closer to scoring a bullish shift on most time frames by a narrow amount.  Of RSI, Stochastics and MACD, only Stochastics shows a bullish divergence setup. Yesterday we leaned bullishly, noting the market"s tendency to stay closer to the upper end of the long-term triangle from May.  Intraday supports are converging in the $625-26 zone.

Trying to pick a near-term low in [oil] is like trying to catch the proverbial falling knife.  Weekly pivot supports at $50.45 (Feb) have been narrowly broken intraday; next major supports on weekly charts are to either side of $48.  Prices are below monthly extended envelope supports at $51.35 but not by too much.  Trend Intensity should hit 31 today, still far from Sep peaks at 44 from that leg down.   Very short-term intraday resistance is just a shade above current levels at $51.  Yesterday"s comment regarding a potential bullish daily momentum divergence (compared with last Sep) still stands, and maximum adverse excursion as measured by oscillator studies is near all-time oversold readings from 1986, increasing the risk of a furious counter-trend event.  Joel.Marver@thomson.com     

 

still see no support.

 

Physiological support forming at 4.08 - 4.10 if tomorrow and days ahead doesnt break below it. If so, we are going into consolidation phase and wait for strong buying volume.

 

SPC resuming downtrend

 

Nickyng...



wow... you are so brave... I won't dare do it...  coz the risk/reward factor is missing...  :)

 

HEE...managed to cover at $4.10 hee...phew!!

 

Hi, can someone please explain what is the difference between a NAKED SHORT and a SHORT ?  Are they the same ?  Thank you.

 

How to short sell when the volume is so small and  the buyers are usually "real", not contra buyers?  Never mind - short sell 20 trading days in a month - u can't be losing every day, can you?  

 

hmm....looks like i hv to switch to NAKED short liao...no1 is bring the counter price lower than 4.12 today leh :(

 

Hi Giantlow,

Thank you for your swift advice!

I thought i will be the same rule as you sell first, then wait for a period then you buy back.

OIC, it must be the same day.....

Thank you very much.

Anyway i didn't really short this counter, just curious how the short works. If one have to short within the same day. Then very high risk. Must be consistent monitor the buy and sell and vol. STRESSssss.....

Thanks guys! and HUAT ah.....

 

bulbideal....

no no. u must cover your short positions within the same day. or else SGX will force buy your position 2 ticks up from the closing price the previous day. extremely dangerous. u will also need to monitor the mkt constanting thoughout the day to watch the counter.

 

.. gd luck to all shortists at work today ...

 

Hi Tanglinboy,

thank you for your reply.

The same logic as buy low, sell high.

To end the SHORT in profit, i have to buy at lower price then i buy?

The payment also T+3 for SHORT in Poems?

 

Doing a naked short is really dangerous.... be careful!

Yes, you can do it in Poems... just do a normal sell on SPC.

 

Hi nickyng,

Im new to short. Interested to do short on this coutner.

How do you do short in this case in POEM?

SELL (at immediate SPC price?)

then

BUY (when, say at later today afternoon, the price drop to 4.00)?

please advice. thx and gd luck to everyone! HUAT ah...

 

Could be resuming its downtrend now