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6461-6480 of 6935
coz this is one really gooood stock worth waiting for for long-termers..
not so soon, baby... :) have patience...
really? really? it's good to drop below 4.26.. then, we all should cash in... hmm..
On downtrend now
elizlow,
Since the market's weakening now, you can still wait for your chance to go in. But not so soon.
Since the market's weakening now, you can still wait for your chance to go in. But not so soon.
Are you referring to F&N or this one?
They are more focussed on the company itself than the stock's price movements, which they have no control of anyway...
Temasek bought 5.6 million SPC shares @4.38 each. Temasek goes in only when there is value to be gained.
if the price doesn't move up, it mean the shorts are presistent and stubborn...
| 14:46:00 | 4.320 | 25,000 | Buy Up |
| 14:44:54 | 4.320 | 50,000 | Buy Up |
| 14:44:32 | 4.320 | 10,000 | Buy Up |
| 14:44:25 | 4.320 | 2,000 | Buy Up |
| 14:44:14 | 4.320 | 3,000 | Buy Up |
| 14:42:06 | 4.320 | 2,000 | Buy Up |
| 14:41:15 | 4.320 | 20,000 | Buy Up |
| 14:40:30 | 4.320 | 1,000 | Buy Up |
| 14:36:18 | 4.320 | 4,000 | Buy Up |
| 14:35:01 | 4.320 | 1,000 | Buy Up |
| 14:31:26 | 4.320 | 2,000 | Buy Up |
| 14:31:23 | 4.320 | 5,000 | Buy Up |
| 14:31:19 | 4.320 | 5,000 | Buy Up |
any buying will cause it to bounce a bit ... but if the buying is not sustained, the shorts will still win out if they are motivated enough...
Agreed, share buy back will not cause the share price to drop so drastic
I believe it will close same as spc will support the buying
because they know you'll grab if they come out with the put warrants.... hehe... :)
just wonder why there are no issuers come out with put warrant underlying SPC........
Only few buyer q'ing at 4.32...
Thanks Billec, that's a nice post!
Scary! Sell in anticipation of warmer weather.....before the OPEC
| 20,000 | Sell Down | ||
| 12:04:53 | 4.320 | 100,000 | Sell Down |
| 12:04:38 | 4.320 | 5,000 | Sell Down |
| 12:03:59 | 4.320 | 5,000 | Sell Down |
| 12:03:19 | 4.320 | 30,000 | Sell Down |
| 12:02:57 | 4.320 | 7,000 | Sell Down |
| 12:02:20 | 4.320 | 50,000 | Sell Down |
| 12:02:09 | 4.320 | 50,000 | Sell Down |
Official: OPEC Split Over Further Oil Cuts
A narrow majority of OPEC members want to cut the group's oil output further when they meet in Abuja on Thursday, a top OPEC official said on Monday.
Hasan Qabazard, OPEC's director of research, said his view was OPEC should wait to judge the full impact of its existing 1.2 million barrels per day reduction before cutting again.
Asked how many countries backed supply curbs, he told Reuters in an interview: "I put it at 60/40."
"I see mixed signals. Some ministers believe there should be cuts but some other ministers believe the market is balanced."
He listed Saudi Arabia, Algeria, the UAE and Qatar among those countries favoring supply curbs of at least 500,000 barrels per day. At an emergency meeting in October, OPEC decided to remove 1.2 million bpd from the market after a 25 percent drop in the oil price from its $78.40 mid-July peak. "I would prefer that we wait until January to see how our cuts in Doha take effect ... prices have gone up a little bit."
He raised the possibility of price spikes during the northern hemisphere winter when demand peaks.
"You don't want to have the price go up drastically. That might be harmful for economies," he said.
Prices have rallied from a low of $54.88 on Nov. 17 for U.S. crude to more than $61 a barrel, above OPEC's undeclared price target of $60 a barrel ? $55 for OPEC's basket of crude.
Sixty A Barrel Fair For All
Qabazard said a $60 a barrel price did not risk harming the world economy and enabled OPEC countries to invest in oil infrastructure.
"$60 for WTI seems to be a good price. This price has also promoted investments in the upstream, in the refining sector."
While price is significant, he said OPEC's real concern was balancing supply and demand. He said estimated excess supply of between 500,000 and 700,000 bpd ? assuming full compliance with curbs agreed in October ? was not a worry now.
It could swell to 1.2 million bpd and become a problem when demand falls during the second quarter, especially if non-OPEC producers come close to meeting expectations of 1.8 million bpd growth.
"The worry is that in the second quarter of 2007 we'll have a lot more supply than demand," the OPEC official said.
Cuts in place have gone some way towards draining oil stocks in the industrialized world that rose to 2.76 billion barrels, equivalent to 55 days of demand, in September versus 2.64 billion the previous year, or 53 days of demand.
Qabazard said he considered 52 days of forward supply reasonable.
Stocks in industrialized nations are about 100 million barrels above the five-year average, he said, while U.S. commercial inventories were 20 million barrels above the five-year average. U.S. stocks of distillates, including heating oil, were bang on the five-year average for the season.
Some OPEC members have expressed concern at the weakness of the dollar. The dollar has fallen 11 percent this year versus the euro, eroding the purchasing power of OPEC's revenues from the dollar-denominated oil market.
"The decline of the dollar is a concern because the U.S. economy is a concern. Normally the world economy follows the U.S. economy, but we have seen evidence of a decoupling of the European and Asian economies from the United States so the worry is less," Qabazard said.
"We see lots of risks in the U.S. economy next year but we also see positive signs, so we hope that next year the dollar will come back up. It's at very low levels and I don't think it will decline more than it already has."
A narrow majority of OPEC members want to cut the group's oil output further when they meet in Abuja on Thursday, a top OPEC official said on Monday.
Hasan Qabazard, OPEC's director of research, said his view was OPEC should wait to judge the full impact of its existing 1.2 million barrels per day reduction before cutting again.
Asked how many countries backed supply curbs, he told Reuters in an interview: "I put it at 60/40."
"I see mixed signals. Some ministers believe there should be cuts but some other ministers believe the market is balanced."
He listed Saudi Arabia, Algeria, the UAE and Qatar among those countries favoring supply curbs of at least 500,000 barrels per day. At an emergency meeting in October, OPEC decided to remove 1.2 million bpd from the market after a 25 percent drop in the oil price from its $78.40 mid-July peak. "I would prefer that we wait until January to see how our cuts in Doha take effect ... prices have gone up a little bit."
He raised the possibility of price spikes during the northern hemisphere winter when demand peaks.
"You don't want to have the price go up drastically. That might be harmful for economies," he said.
Prices have rallied from a low of $54.88 on Nov. 17 for U.S. crude to more than $61 a barrel, above OPEC's undeclared price target of $60 a barrel ? $55 for OPEC's basket of crude.
Sixty A Barrel Fair For All
Qabazard said a $60 a barrel price did not risk harming the world economy and enabled OPEC countries to invest in oil infrastructure.
"$60 for WTI seems to be a good price. This price has also promoted investments in the upstream, in the refining sector."
While price is significant, he said OPEC's real concern was balancing supply and demand. He said estimated excess supply of between 500,000 and 700,000 bpd ? assuming full compliance with curbs agreed in October ? was not a worry now.
It could swell to 1.2 million bpd and become a problem when demand falls during the second quarter, especially if non-OPEC producers come close to meeting expectations of 1.8 million bpd growth.
"The worry is that in the second quarter of 2007 we'll have a lot more supply than demand," the OPEC official said.
Cuts in place have gone some way towards draining oil stocks in the industrialized world that rose to 2.76 billion barrels, equivalent to 55 days of demand, in September versus 2.64 billion the previous year, or 53 days of demand.
Qabazard said he considered 52 days of forward supply reasonable.
Stocks in industrialized nations are about 100 million barrels above the five-year average, he said, while U.S. commercial inventories were 20 million barrels above the five-year average. U.S. stocks of distillates, including heating oil, were bang on the five-year average for the season.
Some OPEC members have expressed concern at the weakness of the dollar. The dollar has fallen 11 percent this year versus the euro, eroding the purchasing power of OPEC's revenues from the dollar-denominated oil market.
"The decline of the dollar is a concern because the U.S. economy is a concern. Normally the world economy follows the U.S. economy, but we have seen evidence of a decoupling of the European and Asian economies from the United States so the worry is less," Qabazard said.
"We see lots of risks in the U.S. economy next year but we also see positive signs, so we hope that next year the dollar will come back up. It's at very low levels and I don't think it will decline more than it already has."
but their client service is real good... their personnel can check and let u know... :)