SPC   

SPC

YES !! will drop further .... bad catch !!!!

Petrol going to down price soon ... cheeeeers !

pointer      ( Date: 05-Aug-2008 10:36) Posted: Why drop so much? Is it because of the drop in crude oil price? Or got report stating another director selling? No sign of reversal yet actually. Overall seem like a downtrend.

 

Why drop so much? Is it because of the drop in crude oil price?

Or got report stating another director selling? No sign of reversal yet actually. Overall seem like a downtrend.

 

$6 la

 

Buy lah...hit my target of 6.29! and wait for reversal of trend...hehehe!!!

 

one common reason for people--be they directors or otherwise--to cash out their shares is because they too are players in the market, and need to shore up other losing counters. ie, it may have absolutely nothing to do with SPC per se, but with an individual's overall portfolio.

Since psychologically, most people will sell their winners to shore up the losers, rather than cut loss. It's a common mistake known as "shooting your winners."

Anyhow, just keep watch. If it's a once-off event, no big deal. But if you see different directors concertedly selling down, then it'd be a cause for concern.

This counter shouldn't worry its holders anyway. Oil's retracement via fibo should be to about 120, so when gold hits 86 and oil is steady at a base, you can then expect a rebound (and rest of market, down).

edit: ah, i see sporeguy has calculated the oil fibo.

 

Thanks idesa168, Ak_Francis, trader88.sg & Sporeguy for stating the various possible reasons for Mr & Mrs Koh's action.

We sure see some smart people around in the forum.

 

CO has risen from $25 to $147. So using the most optimistics of Fibonacci retracement of 38.2%, it will support at $100. In between there will be an a-b-c wavelet. b wave may move from $121 to $130 (resistance) before dropping to $100. CO is a case of depleting resource, so I don't think it will drop to half the price of $70+ according to the Chinese Newspaper. Then I would expect the waves 1 to 5 to end at $176.

 

Another theory...

Director's sale is to purposely give the public the wrong signal and cause some panic. When the public start selling, BB might pick up the shares from the sellers. Smart!  

 

agreed, they may hv untold obligations.

sometimes,market may influence them as well, esp those who are panicky ones.

now CO is on downtrend and the global market is still quite buoyant, they may see the gloomy stock price and decided to clear some for better profit before the stock price plunges furhter.

AK guess only lah.

 

May not be the case...One Director cashed out may not mean anything. This case, he and his wife, might need $$ for other purpose like buying a huge bungalow in Nassim district or starting a business, etc, the possibilities are a long list. If there are several directors cashing out in concert, then better watchout! I think this is a no event thigy, enjoy your weekend lah, dun get stressed out that way. If it comes, it will, nothing you can do when the mkt is closed for the weekend...hehehe!!! cheers!

pointer      ( Date: 02-Aug-2008 12:06) Posted: Obvious it is. But what's the reason for selling it? Maybe u can enlighten me since u seem to be able to "read" between the lines. stupidfool      ( Date: 02-Aug-2008 09:49) Posted: The answer is obvious is it not??

 

Obvious it is. But what's the reason for selling it? Maybe u can enlighten me since u seem to be able to "read" between the lines.

stupidfool      ( Date: 02-Aug-2008 09:49) Posted: The answer is obvious is it not??? pointer      ( Date: 02-Aug-2008 02:53) Posted: Is Mr Koh & his wife reducing their stake in SPC?

 

The answer is obvious is it not???

pointer      ( Date: 02-Aug-2008 02:53) Posted: Is Mr Koh & his wife reducing their stake in SPC?

 

Is Mr Koh & his wife reducing their stake in SPC?

 

now DJ is 60 pts down, if second half of the day don't perform, next Mon tai wok liao.

 

This should come before the last one.

1.

Date of change of Deemed Interest

30-07-2008

2.

Name of Registered Holder

Quek Ai Choo (Ms)

3.	Circumstance(s) giving rise to the interest or change in interest	Sales in Open Market at Own Discretion
	# Please specify details	Ms Quek Ai Choo is wife of Mr Koh Ban Heng.

4.

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change 150,000   As a percentage of issued share capital 0.0292 %   No. of Shares which are subject of this notice 13,000   As a percentage of issued share capital 0.0026 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 6.57231     No. of Shares held after the change 137,000   As a percentage of issued share capital 0.0267 %

 

1.

Date of change of Deemed Interest

31-07-2008

2.

Name of Registered Holder

Quek Ai Choo (Ms)

3.	Circumstance(s) giving rise to the interest or change in interest	Sales in Open Market at Own Discretion
	# Please specify details	Ms Quek Ai Choo is wife of Mr Koh Ban Heng.

4.	Information relating to shares held in the name of the Registered Holder
	No. of Shares held before the change 137,000   As a percentage of issued share capital 0.0267 %   No. of Shares which are subject of this notice 137,000   As a percentage of issued share capital 0.0267 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 6.41766     No. of Shares held after the change 0   As a percentage of issued share capital 0 %

 

1.

Date of notice to issuer *

01-08-2008

2.

Name of Director *

Koh Ban Heng (Mr)

1.

Date of change of Shareholding

31-07-2008

2.

Name of Registered Holder

Koh Ban Heng

3.

Circumstance(s) giving rise to the interest or change in interest

Sales in Open Market at Own Discretion

4.

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change 615,300   As a percentage of issued share capital 0.1197 %   No. of Shares which are subject of this notice 250,000   As a percentage of issued share capital 0.0487 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 6.40292     No. of Shares held after the change 365,300   As a percentage of issued share capital 0.0711 %

 

based on 2day's usd exchange rate 2 yen/euro/pd sterling, etc.

 

if c/o range between 100 n 120/barrel, tis counter's px shud be [ard 9 for c/o 100  n  7 for 120/barrel], just an opinion.

 

haha.. nowadays who dares to long.. my watchlist stocks all significantly down..

sibei jialat.. better hunker in under spc while the storm rages outside..