SPC   

SPC

thanks for boost up my confidence on this counter =)
btw are you vested?

 

If anyone goes in and is able to plan to hold for a few months, probabilty of profit is good! But if it still drops, you just stay put. You may not need to wait too long :)

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any one dare to go in at 4.26 now? =)

 

Murphy's Law also said what goes up must come down.  Since SPC's been riding on the back of high oil prices, it is hope Murphy's Law applies.

 

well...when the cruel oil was at $78/barrel,the same bunch of analyst predict it could go up to US$100....haha...take it with a pinch of salt pal....there's 1 law in the universe...that is the Law of Randomness/uncertainty.....even though it might seems that there are some certainty/order..hee...

 

My view is that it would probably goes down.  CNBC's Market Watch this morning had some analyst concluding that oil prices will drop further.

 

hee...4.26 lowest today...wanna bet if it will go lower??? hee...gd luck to those vested :P

 

:)

I rather like this forum for it's design and facilities which we can all benefit from.

It's very easy to navigate and overall, it's a breeze to use.


Long live ShareJunction.com!

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Hi iPunter

Dont worry. I wasnt upset with what you said.

But I do agree that the stock market is a war zone. We either make money or we loose. No two way about it.

Generally speaking, I try to hold the shares I bought for at least 1 month or so. And, not having all the requisite trading skills yet, I try to pick stocks with potential.  Of course there are times I go off tangent and thats where I lost the few thousand dollars. Heartache but I learnt from the experience.

 

Hi IreneL,

You're really a noble spirit! Admire and kudos to you!

And iPunter,

I've personally benefited from your sharing. Cheers to you as well!

No hard feelings in this forum! All here to make some $$ !!

 

Hi IreneL,

Please accept my apologies for making those assumptions. It is unintentional, though my language may sound harsh and  insensitive.  Please don't  take it too hard or personal.  :)

I was just reading a  pitch  letter  of a course and he was mentioning the fact that the stock market is in reality a 'war zone' where battles are fought. And this is very true. The battle for profits  very often  result in casualties.

I only hope that you will very soon pick up all the defensive skills that can be learned, without losing much money in the process.

And remember the advise: "One must not be in a hurry to make money in the stock market".

Best Regards.  :)

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Hi iPunter

I bought Hengxin for its business. Ditto for all those shares I have bought and sold.  So I won't describe myself as "dabbling" in shares. I have other investments.  And I believe the majority of us indulge in share-trading for just one reason, that is, to make money.  Or we try to make money.  What we do with the money we make is the difference in our thinking.  With me, it goes to helping, wherever possible, needy people I know, like the orphans and the poor in Vietnam.  It helps that I have quit my full-time job last year so I have the time to volunteer in this area.

I am surprise you dont own stocks at all.

And by the way, I didnt make much money from Hengxin as I bought them at 0.4875.

 

PS.
By the way, I don't 'own' any stock, coz I also don't 'fall in love' with any stock I participate in.  ;)

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Hi IreneL,

This stock is not volatile by nature. If you look back in time, you 'll find it's a rather tame stock, unlike the ones you'r dabbling with presently eg Hengxin.

And I don't see why you find this stock scary. That's just pure psychology, I think. The only reason it looks scary to you is it's long journey down to it's present price. It's the stock's present trend... there's  really nothing so scary about that !!!

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Hi iPunter

So do you own SPC's shares or do you intend to buy some now that price has nosedived to this level?

As for me, like I mentioned before, I am weary of its price movement, and unless one is nimble, its a scary stock to own. 

 

SPC

This blue chip stock was still maintaining a high of 6.05 on 8 May 2006.

Now it is around 4.30 apiece.

Those who have been averaging down since that time would have been much badly hit. So this shows that averaging down is a dangerous thing to do in a sustained downtrend.

But those who have bought previously and have not dumped the stock yet but held on  until now can take heart that what goes down must come up, especially with this stock.

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SPC goes in tandem with oil

 

down lower than 1 yr ago, may rebound but I think it will continue down trend.

 

When oil rebounds, it may limit up !!!

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LONDON (MarketWatch) -- December crude oil futures dropped below $56 a barrel on Friday, in its last day as the front month contract. December crude dropped 38 cents to $55.88 a barrel. January crude slipped 25 cents to $58.36 a barrel.