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SPC
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patseow8
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05-Jan-2007 14:12
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Gaintlow, you are all along an optismistic person, don't worry so much be happy as Monday will be a better day. Cheers!! |
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giantlow
Master |
05-Jan-2007 14:06
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special thanks to elf for taking the time to write such long post. i will be sure to give u a big treat, if my SPC warrants recover. (which i am confident of) Also, i feel that sometimes the share price drops for no apparent reason becos the overall market is bullish. everyone is chasing the hot stocks and making money so the fundamentally sound but boring stocks get neglected. But when the market corrects itself, pple will be more cautious and will choose those "boring" stocks. I think they call it "flight to safety" |
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giantlow
Master |
05-Jan-2007 13:59
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thanks for all useful advice and comments. I put about 20K into its SPC warrants. its now worth slightly more than 10K. (thanks to a slight recovery in the late morning). I dun think i will cut losses at this moment. Will wait for more guidance from its release of financial report in late Jan b4 proceeding with any actions. 2 mths more to expiry is not exactly a short period of time to speculators. |
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elfinchilde
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05-Jan-2007 13:52
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hey lg1167 (another mysterious nick, hey, explain yourself leh...): oh dear, i think punter, jackjames and i have been freaking out the SPC ppl here...apologies... agree with victor_lee. If there's another counter you're eyeing, why not? But note, each person trades accord to his/her own personality. So take only from our advice what suits you pls; don't follow exactly! i dont like to tell ppl what to do with their stocks (since will get blame but never credit haha), but these are the options given for private clients in your shoes; one of following: 1)take SPC as a long term investment; when it bottoms out, buy in amt equivalent to average $5 or less. 'cos long term, this counter is, as punter says, liquid gold. Be prepared to holddddddd.... 2) Cut loss. From 5.7 to 4.28 =>1.42 loss. Find another stock that is currently abt $1 or so on market; and FA target = 1.35 or more (admittedly difficult on this overbought market). with 1 of SPC you can buy 4 of this stock. This way you can make back to overall even out. 3) For the unsure: cut half loss; do both 1) and 2). note these are just the normal options funds take. pls do make up your own mind; i cannot--and will not--tell you what to do, it's gotta be your choice. |
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victor_lee
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05-Jan-2007 13:25
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Cut loss if you have a better buy elsewhere. ie if u can find another better potential stocks/instrument for your money. Just a suggestion. Rgds. |
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scotty
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05-Jan-2007 13:09
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You got to make the decision yourself buddy.... I think elfinchilde wrote a good post today at around 11.40am. Check it out. Its about cutting loss. |
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lg1167
Member |
05-Jan-2007 12:22
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Please advise should i cut loss and hold to this counter @5.70!!! |
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jackjames
Elite |
05-Jan-2007 12:20
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do u know how's the warrant chart looks like when it is approaching expiry date, it would be a straight line ------------------------- anyway, we should not made giantlow worry so much la.... good luck. |
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iPunter
Supreme |
05-Jan-2007 12:15
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Yup... I too can feel how he feels right now... it's part and parcel of the world of investing. Anyway, it's too late for him to 'cut loss' now, since what loss is there to cut as it's quite likely the trend will be ending soon. |
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elfinchilde
Elite |
05-Jan-2007 12:10
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yah...considering its a share i'm not even invested in. niama....haha. heh. for giantlow lah. he seems quite worried. |
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iPunter
Supreme |
05-Jan-2007 11:52
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Hey Elfin... Thanks very much for the rather exhaustive treatment of the topic... Say, what did I say about 'value-added' contributions from you, huh?... You're simply marvelous, my girl ! ... hehe ... :) |
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elfinchilde
Elite |
05-Jan-2007 11:47
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if you follow its trend, wld expect SPC to drop to ard 4.25 by today. |
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elfinchilde
Elite |
05-Jan-2007 11:40
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giantlow, sometimes, it is good to cut loss. I once took loss of 10k at a shot. but made it back in two subsequent trades. (you bought both the mother stock and the warrants?!) don't think big boys all the time pls...think i might have put a 'trust no one' mentality into some forumers here. hehe. SPC's vols are too low for its share price. that means that institutions are not interested in it. Institutions trade via FA rationale mainly. => for whatever reason, they think SPC is not fundamentally sound already. What i meant by complicated: SPC has a lot of businesses in different areas: discovery, refinery, aviation etc. All these are affected by different factors, so a rise/drop in crude does not necessarily equate a rise/drop in SPC. eg, crude prices rise => oil product prices rise (as Livermore rightly pointed out). But then, SPC is a _business_. Can it afford to let the price of its _own_ oil products rise, when other competitors are keeping them low? It's supply and demand. If i were a client of SPC, i'd simply switch suppliers. One more error in thinking: tourist arrivals in singapore increase, yes, but then, is SPC the only supplier of this aviation fuel? As long as it does not have a monopoly (Not too sure on this), tourist arrival doesnt affect, not if the no: of planes each time is the same. (empty plane or full plane still req same amt of fuel?? not a driver myself so don't know this). that's what i meant by SPC complicated biz. one increase could very well be cancelled out by another; they're exposed to too many risks. heh. i don't trade warrants. good luck with them. your chance is in april with the nigerian elections. it will determine the oil sentiment in the world. |
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iPunter
Supreme |
05-Jan-2007 11:34
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Fundamentally, this is one good stock that's worth it's weight in liquid gold. But it also shows that when a really good stock is on a long-term downtrend, it just has to complete it's journey first before it starts climbing again. Imagine riding it down all the way from 6.05 !!! Sometimes, it makes one believe that 'long-term' investment sucks. But take heart... since longer-term investment is sure to pay off... and patience is rewarded accordingly. |
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giantlow
Master |
05-Jan-2007 11:29
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it expires on 5th May 2007. thanks for all your well wishes flowergal and top11gm |
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top11gm
Member |
05-Jan-2007 11:26
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Wow,Giantlow,you are a brave man,well as they say,high risk high gain,wish you well and hope it rebound soon.Me vested only small amount in the shares. |
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flowergal
Member |
05-Jan-2007 11:24
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So sorry to hear that, giantlow. i realli enjoy your posts. hope SPC recovers soon |
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giantlow
Master |
05-Jan-2007 11:20
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i am going for a walk in the park to clear my head. too much stress. maybe, i might bump into elf, singaporegal or bunbun there. |
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jackjames
Elite |
05-Jan-2007 11:20
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what???? does it mean, it will expired in year 2007???March or May? don't know how to read the warrant... then.. u might really in trouble, because the dateline is so close now.. |
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giantlow
Master |
05-Jan-2007 11:17
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yup top11gm. i am holding the SPC DB eCW070305 warrant. the value has dropped by more than half leow. i bought some at 6.5, 5.5 and 5cents. now is 2.5cents. more than half my portfolio value is in the red now |
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