SPC   

SPC

I just read the debate about volume and price... which is important.

I'm not a shortist... so I go long. I primarily look for buying interest. To me, interest has 2 main variables - price and volume of a counter. Both are important to me. One without the other is essentially useless.

 

Crazy weather in US. SPC got hope. hahaha

President takes cover during tornado scare

POSTED: 12:37 a.m. EST, December 30, 2006

http://www.cnn.com/2006/POLITICS/12/29/bush.tornado.ap/index.html 

 

Also, I think most TA purist here would agree with me that volume is an important indicator to monitor other than just purely price.

 

hmmm. iPunter, i think we come belong to different school of thoughts.

for me, i need stocks with volume becos I buy about 50 to 100 lots at 1 go. it would be difficult to buy or sell that kind of amounts when the entire day's volume is only about 200 lots.

 

Low volume? 

Please don't be mistaken about this volume issue.

Low volume will render all the TA machine's indicators (software) 'impotent', but that doesn't mean low volume is not volume. For instance, as long as there's trading (people buying and selling) in a stock, why do you bother whether the volume is 'high' or 'low' by your personal artificial definition?.  

As long as a stock goes up, you can make money by buying it, regardless of volume size. In fact, the best profits can also be made in  certain periods of low volume.


If you are so disillusioned and inflexible, you will miss a lot of good profits... :)

 

i agree with iPunter. the charts will speak for it.

singaporegal, with such low volumes, i dun think any trend analysis hold water.

basically, pple want to see real terror attacks or major output cuts before the oil prices can increase

 

 

SPC still downtrending

 

When the is ripe for it, the chart will tell when it is happening... :)

 

I also believe that this stock will perform well next year. Vested.

 

Unrest is inevitable in middle east next year, so oil price will definitely rise above 70.

 

disappointing year end for SPC.

hopefully, next year see some stellar performance for this counter

 

hehe... what I mean is the market, not myself...

By the way, what is there to be stressed about when one is only watching prices go in one's favour?...  :)

 

relax lah. u seem stressed out leh, iPunter.

 

Holiday mood? You must be joking... I think the only people on holday mood are those not involved in the market at all.. :).

 

Volume??? But in a good market, it takes only a few buyers to take the price higher when there's no sellers around. And do you think the big boys will move in to sell... or they're more likely to take advantage of the higher prices bid up by retailers? I'd rather like to think that the big boys would have loaded up somewhere near the bottom region already.

 

iPunter,

May I know how did u determine 4.44 as the appropriate entry level?
I feel that volume is a more important factor. And now the volume is terribly weak. Everybody is on holiday mood.

 

I will buy SPC only when the price goes up to 4.44... and not before, though it may be 'cheaper' at 4.40.

When it reaches 4.44, I will just put in a market order without queueing.... :) So I may even get it at 4.46 or 4.48.

 

We should see SPC flying high next year...

Published December 27, 2006
 
Iran's defiant stance stokes crude oil prices
Oil may hit US$65 as Nigerian violence adds to supply concerns

(SINGAPORE) Crude oil prices rose after Iran, the Middle East's second-largest exporter, said it will defy United Nations sanctions and pursue nuclear research.


 
Mr Ahmadinejad: 'Give up this muppet show. You cannot send secret friendly messages to us and at the same time show your teeth and claws.'
The UN Security Council unanimously voted on Dec 23 for sanctions on Iran for refusing to suspend uranium enrichment.

Iran, the world's fourth-largest crude producer, has condemned the resolution as illegal and on Sunday vowed to speed up enrichment work, which could heighten tensions.

'Give up this muppet show. You cannot send secret friendly messages to us and at the same time show your teeth and claws,' Iranian President Mahmoud Ahmadinejad was quoted as saying by the semi-official Fars news agency.

'While the situation in Iran continues prices may test US$65 a barrel,' said Makoto Takeda, an energy analyst at futures broker Bansei Securities in Tokyo. 'We may need to see actual disruptions to supply for prices to go higher.'

Violence in Nigeria added to concern that global supply may be disrupted.

The Movement for the Emancipation of the Niger Delta, or MEND, a Nigerian group that has claimed responsibility for previous attacks on facilities belonging to Royal Dutch Shell and Eni SpA, said it planted a car bomb in Port Harcourt in the nation's main oil producing region on Saturday.

Traders also bet unusually warm weather in the US looked set to fade.

Crude oil for February delivery rose as much as 66 cents, or 1.1 per cent, to US$63.07 a barrel in electronic trading on the New York Mercantile Exchange. The contract traded at US$62.99 at 414pm Singapore time.

Oil closed at US$62.41 last week, the contract's lowest close since Dec 13.

US crude climbed 54 cents to US$62.95 a barrel by 1221 GMT. Brent crude jumped 66 cents to US$63.08. Earlier Brent oil for February settlement rose as much as 58 cents.

President Ahmadinejad rejected on Dec 24 the UN resolution imposing sanctions on his country as a 'scrap of paper'. The measures included a ban on materials that could be used to build a nuclear bomb. The US and other nations allege Iran aims to acquire atomic weapons, a claim Iran denies.

'Oil is highly vulnerable to the political developments,' said Stephen Jansma at Rabobank International in Singapore. 'A lot of those Iran barrels go to Asia, so we expect a lot of support from the Asian countries to adverse political movements against Iran.'

Iran sits on one side of the Strait of Hormuz, the waterway through which the UAE, Saudi Arabia and Kuwait ship most of their crude exports.

'There's a surfacing of geopolitical risks in Iran and also Nigeria,' said Hiroyuki Kikukawa at Nihon Unicom Corp in Tokyo. - Bloomberg, Reuters
 

 

Bought 2 lots @ 4.40.  See how it goes...