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SPC
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des_khor
Supreme |
05-Aug-2008 10:40
Yells: "Tell me who is the God or MFT from this forum??" |
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YES !! will drop further .... bad catch !!!! Petrol going to down price soon ... cheeeeers !
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pointer
Senior |
05-Aug-2008 10:36
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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. |
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ozone2002
Supreme |
05-Aug-2008 10:26
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$6 la | |||||||||||||||||||||||||||||||||
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idesa168
Elite |
05-Aug-2008 10:20
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Buy lah...hit my target of 6.29! and wait for reversal of trend...hehehe!!! | |||||||||||||||||||||||||||||||||
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elfinchilde
Elite |
03-Aug-2008 21:47
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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. |
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pointer
Senior |
03-Aug-2008 13:40
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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. |
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Sporeguy
Elite |
03-Aug-2008 13:18
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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. | |||||||||||||||||||||||||||||||||
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trader88.sg
Veteran |
03-Aug-2008 09:43
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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! |
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AK_Francis
Supreme |
02-Aug-2008 23:44
Yells: "Happy go lucky, cheers." |
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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. |
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idesa168
Elite |
02-Aug-2008 12:49
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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!
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pointer
Senior |
02-Aug-2008 12:06
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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.
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stupidfool
Senior |
02-Aug-2008 09:49
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The answer is obvious is it not???
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pointer
Senior |
02-Aug-2008 02:53
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Is Mr Koh & his wife reducing their stake in SPC? | |||||||||||||||||||||||||||||||||
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AK_Francis
Supreme |
02-Aug-2008 01:02
Yells: "Happy go lucky, cheers." |
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now DJ is 60 pts down, if second half of the day don't perform, next Mon tai wok liao. | |||||||||||||||||||||||||||||||||
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Luostock
Senior |
02-Aug-2008 00:19
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This should come before the last one.
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Luostock
Senior |
02-Aug-2008 00:17
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Luostock
Senior |
02-Aug-2008 00:15
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lookcc
Master |
01-Aug-2008 21:26
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based on 2day's usd exchange rate 2 yen/euro/pd sterling, etc. | |||||||||||||||||||||||||||||||||
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lookcc
Master |
01-Aug-2008 21:22
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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. |
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Yokozuna
Member |
01-Aug-2008 11:10
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haha.. nowadays who dares to long.. my watchlist stocks all significantly down.. sibei jialat.. better hunker in under spc while the storm rages outside.. |
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