SPC   

SPC

wow...this is really spooky !! closed at 4.48 !!! ?!?!? what is going on ?!?!? some1 manipulating? hee....or shortists covering ? haha...wat a joke..looks like strong support siah!! shacks!! offloaded too early loh.... :D

 

There are many buyers buying up at 4.38/4.40. So it may go up a few clicks before coming back down.

 

SPC is trading at 4.38

 

Cashiertan's Prophecy for 2007

i am expecting the oil to increase to 80+ within the next few months given the current warring situations. with the USA elections over, the saudi & Opec no need give bush face by keeping it low. i am predicting the oil price to create the depression in 2007 however, those holding oil stocks or oil related will be doing very good.

2007 is yr of fire. oil will help fire burn more, thus i expect middle east and those oil producing countries to benefit from it, however they will also the one causing  wars and unrest..

However, the 2007 pig is a water pig thus i sense there will be big volatility in the stock market with good chance to make big $ and lose $.

 

anyway...i thk more of your holding power...by early next yr cruel oil shld trend upwards...perhaps the weaklings are unloading now to re-position itself...now till 14th is abt 11days more...i thk it shld cheong after that...non-stop :P but again...sometimes hard to say for sure one :P

 

SPC is trading at 4.38

 

I think your getting out is a good move -

It is really no different from shorting it. Then you can pick it up and enter again when the price is attractive to you again.  I  admire you decision when you notice the trend.

 

ok lah...juz hold loh if u guys got it....for me already out...haha..heart weak cant take the risk :P

 

Yea... due to the phenomenon of trends coming into operation, namely short-term trend, medium term trend, long-term trend and also not forgetting the possibility of sporadic trends, one's perception of price movements can change from day to day, week to week, month to month, an so on. Because of this, trading is a very unpredictable business. Long-term hold is still the best strategy if one is able to wait it out .

 

err....wat's me gotta do with "Grissly Adam Bear " ???? u mean i m bearish on SPC ??? oops...hee...look at the heavy winter snow in US....haha...cant imagine Cruel Oil can still hang ard at $60+ range...it shld b trading at $70+ now...hee..again...pure crazy talk here :P

 

hi nickyng,...:)  You must be a great fan of Grissly Adam Bear at this moment. Anyway I think you are on the right track. Good for you. Take care  :)

 

i will buy if it is 4.28 lei.. but then, i am too busy this week, no time to monitor, so don't dare to buy first...

 

wow...Year End SALE starts today !!! 4.40 !! SALES worth WAITING FOR !! hee......what ARE U WAITING FOR THEN? hee....looks like OPEC will cut output this 14th Dec...as US$ trends downward siah....

 

This is one really good that's worth waiting for. If it really falls to low low levels, be sure to grab it and be prepared to hold through thick and thin. Then there's really no need to think about 'cutting loss' coz a good stock like this will certainly recover in time. But always make sure you enter at a really low low price.

And this is where your trusty little charts can help you. Don't be intimidated by the term TA. Price/price range is itself the first element of TA. And  when we superimpose these with the dimension of time, we get a simple TA tool known as a stock chart. Add in the amount of participants and you are immediately rewarded with a new dimension. At this point you will have in your hands  a priceless piece of  equipment with which you can set out to 'conquer the stock market'.

 

haha..SPC closed at 4.48 ...BIG SURPRISED !!! any1 shorted ? hee....

 

Sohguanh, Not really... since the stock market is already like a casino, the fun is just the same, provided you punt small. :) Anyway appreciate your good intention and invaluable advice all along ;).

 

Oops, what I meant earlier was if you've shorted, then buy (cover) quickly if it still cheong upwards. Sorry for the error.

 

If one likes to play shorting then I would advise an online Internet casino games will reap even more rewards than playing CFD or contra. Same amount of risk but the rewards for casino is MUCH HIGHER :P

 

Once you have shorted, you must quickly sell if it continues to 'cheong' up say 2-3 clicks more. This is what betting is about. Shorting is more betting than anything else, especially in a bull market. Very risky stuff.

 

ok...enough talk...can SPC hold the support at 3.46 today? hee...been struggling at 3.46 barrier for 2days liao....hee