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giantlow Master	01-Feb-2007 23:29        giantlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	it seems to me that the charts showing a cup and handle pattern..
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elfinchilde Elite	01-Feb-2007 22:56        elfinchilde About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks kilroy, was considering offloading this counter already... yea, yongjiu, sometimes in that sense, mothers can be the most cruel beings... zzz. ok, thanks all, i need to sleep. nites. weekdays = chronic fatigue.
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YongJiu Veteran	01-Feb-2007 22:51        YongJiu About Contact  Quote this Post!
x 0   x 0  Alert Admin	heheh elf you really sound like you can be the diplomat mother =) everone need to learn thru it own experience!
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KiLrOy Master	01-Feb-2007 22:06        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	I think the same as you - ranging. Not worth to momentum trade as the price action is too tight and the CCI is going to  overbought zone. Trading volume is down for the sixth day. I also noticed that the ADX is inching little by little - could be a rising trend from the previous trend. This may be invalid if its price is still ranging.
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elfinchilde Elite	01-Feb-2007 21:50        elfinchilde About Contact  Quote this Post!
x 0   x 0  Alert Admin	btw kilroy, would like your opinion on SPC? it seems range-bound to me, and some weakness in breaking the trend.
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elfinchilde Elite	01-Feb-2007 21:45        elfinchilde About Contact  Quote this Post!
x 0   x 0  Alert Admin	pun or punt, kilroy? hehe. yep. like moths to the flame, gotta get burnt before we learn the taste of fire. each in his own time. let the market teach; the rest of us, really, have no authority. altho of course, i'm not suggesting that anyone gets burnt on purpose!
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KiLrOy Master	01-Feb-2007 21:41        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	Personnally I find making more money thrilling.  I guess that is why most of trade. No punt intended. To each his/her own.
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iPunter Supreme	01-Feb-2007 21:33        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	And that is absolutely true... In the end, the market is still the best teacher.
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elfinchilde Elite	01-Feb-2007 20:56        elfinchilde About Contact  Quote this Post!
x 0   x 0  Alert Admin	hehe, nickyng, i personally wouldn't play the way you're playing SPC, but i guess, if you're having fun, why not? :) the rest of us, let's just give the boy a break lah. Sure it might not seem like the wisest thing to us, but each person learns in his/her own time. I believe nickyng will learn when he's ready. meanwhile, everything we say will just fall on deaf ears. haha. so let's cut him some slack lah. Nature will take its own course.
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Livermore Master	01-Feb-2007 20:03        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	Frankly I am not quite sure why this interest in shorting. Shorting is always a risky move. The objective is to make money. People who make big in the market are sometimes "boring investors" as someone pointed out. As I mentioned earlier in my previous post, I always believe in knowing your risk profile and you don't need to take huge risk to make big money. People also make big money by not taking huge risks. Like driving, speed thrills, but it can kill too.....
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iPunter Supreme	01-Feb-2007 19:18        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shplayer and  Brizy88's posts are very very valuable advise... Even experienced players who win regularly most of the time will be bored with the many many small wins they are so used to 'as a matter of course'. Then it will suddenly occur to them that since the are so good at making money in the market, they should not waste their valuable time playing so small. They then seriously decide to use their skills to play the higher stakes. Since they are so used to perhaps winning nine times out of ten, they start to bet heavily (known as "plunging" in traders' parlance).
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brizy88 Member	01-Feb-2007 18:10        brizy88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	nickyng - i think shplayer's point has good advice.  it maybe ok now as your stake is small. but after awhile you will be bored and your appetite will usually increase exponentially, then the risk factor becomes a very significant element.  it is like you can dash across the street where bicycles are the only vehicles around - if you get knocked then the worst case only bruises.  but it will be a very different story if you try to dash across CTE.  for the latter case, do it if your odds are reasonably good to commensurate your risk eg Yanlord and OSIM when you are among the first to get wind that shit has just hit their fence. Don't try to dash across the CTE just for thrill.
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shplayer Elite	01-Feb-2007 17:35        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	nickyng, Using yesterday's example.....Assume you make 3 times at 4cts spread.... you make 28.23 X 3= $84.69 Say, when you lose, you sell/buy at the same price, you lose $92.18. Net LOSS - $7.49 Just highlighting to you ......no other motive.....but if you get 'HIGH' from it....its your choice. : )  : )  : ) For me, I get my HIGH from making $$$$$ even though the process of making it may be boring *yawn*...zzzzzzzzz
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jackjames Elite	01-Feb-2007 16:45        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	nickyng... don't make me heart attack lei... just for the thrills... eh.. nickyng, u should contra the IPO man.. with you "gutts" , I think you can earn big man..
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chinkiasu Master	01-Feb-2007 16:07        chinkiasu About Contact  Quote this Post!
x 0   x 0  Alert Admin	sigh, looks like we have to wait for 2molo ....
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nickyng Supreme	01-Feb-2007 10:40        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	hey! i agree that shorting 4.40 to 4.36 for 3x has not much profit.....but it is the thrills !!! 3 out of 4 times i win !!! anyway....just for fun lah...ayo..if u want to make huge $$ i guess u hold for longterm or buy when STI crashes right? ...*yawn* today looks like cant short much liao :P stagnant leh..
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YongJiu Veteran	01-Feb-2007 10:00        YongJiu About Contact  Quote this Post!
x 0   x 0  Alert Admin	thing may not look too good!!!! Oil Falls From Four-Week High on Signs Stockpiles Sufficient By Gavin Evans     Feb. 1 (Bloomberg) -- Crude oil fell from a four-week high in New York on speculation above average U.S. fuel stockpiles are sufficient to meeting rising demand in the nation's economy.     Oil surged above $58 a barrel yesterday after a report showed the U.S. economy, the world's biggest oil consumer, expanded at a faster-than-forecast annual pace of 3.5 percent last quarter. Fuel demand rose for a third week as cold weather in the Northeast drew down U.S. distillate supplies for the first week in seven, the Energy Department reported.     ``There were some solid draws from the distillates stocks which is what you'd expect'' given the weather, said Chris Mennis, owner of oil broker New Wave Energy LLC in Aptos, California. ``But gasoline and crude were all up.''     Crude oil for March delivery fell as much as 31 cents, or 0.5 percent, to $57.83 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $57.85 at 10:21 a.m. in Sydney.     The contract rose $1.17, or 2.1 percent, to $58.14 yesterday, the highest close since Jan. 3. Prices, which initially fell on bigger than forecast gains in U.S. oil and gasoline stockpiles, jumped almost $1 in 15 minutes after the U.S. Federal Reserve cited firmer economic growth in six-weekly review of interest rates.     ``There was a lot of doom and gloom about the economy and concern that energy demand would fall,'' Sarah Emerson, managing director of Energy Security Analysis Inc., a consulting firm in Wakefield, Massachusetts, said yesterday. ``That's now evaporating.''                        Stockpiles, Demand     Oil jumped 7.6 percent in the past two sessions, the biggest two-day increase since December 14 and 15, 2004 when gains were spurred by below-normal temperatures and falling stockpiles.     Yesterday's report showed U.S. oil stockpiles hold 324.9 million barrels, 10 percent above the five-year average for the period, while gasoline supplies rose a seventh straight week.     Fuel consumption grew 2.5 percent to 20.9 million barrels a day last week, with demand up for every category measured with the exception of propane. Distillate demand jumped 10.5 percent to 4.5 million barrels a day.     ``I'm not really confident of the market direction one way or the other,'' New Wave's Mennis said. ``And I was a pretty confident bear this week.''     Heating oil for March delivery was at $1.6720 a gallon in after-hours trading, after rising 2.3 percent to $1.6838 yesterday. The February contract, which expired yesterday, rose 1 percent to $1.6546.                        Heating Season     Distillate supplies, including heating oil and diesel, fell by 2.65 million barrels to 140 million last week, leaving them 9.1 percent above the five-year average, the department said.     Heating demand in the U.S. Northeast will be 21 percent above normal through Feb. 7, forecaster Weather Derivatives said. Temperatures in the region may remain below normal through Feb. 14, the National Weather Service said yesterday.     ``The heating season is effectively over,'' Eugene X. Hodge, who manages a $4.3 billion oil and gas company bond portfolio at John Hancock Financial Services Inc. in Boston, said yesterday. ``Attention is shifting to gasoline and the driving season a few months ahead.''     Reformulated gasoline for March delivery rose 0.1 percent to $1.5524 yesterday. The February contract, which expired yesterday, fell 1.3 percent to $1.5009.     Gasoline inventories surged 3.82 million barrels to 224.6 million last week, twice the gain forecast in a Bloomberg survey of analysts. Stockpiles have risen 12 percent in seven straight weekly gains and are 3.9 percent above the five-year average for the period, the department said.     Gasoline demand rose 0.9 percent from a 10-month low to 9.09 million barrels a day last week. Consumption the past four weeks averaged 9.1 million barrels a day, 3.4 percent more than the same period a year ago, the department said. U.S. gasoline demand peaks between the Memorial Day holiday in late May and Labor Day in early September. --With reporting by Mark Shenk in New York and Scott Lanman in Washington. Editor: Russell.
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giantlow Master	01-Feb-2007 08:27        giantlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	the news looks good for SPC. woohoo??? what is Cat Y??? I am excused IPPT one leh.... hahahah
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KiLrOy Master	01-Feb-2007 00:13        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	[15:33 US ECON: Crude Inventories up 2.7 Mln Barrels; Distillate Down] January 31. The EIA reported a big rise of 2.6 mln barrels in crude oil inventories for the week of January 24. This is the third straight gain in inventories and 1.2% higher that year-ago levels. Crude oil imports were slightly higher from last week. Petroleum imports were up to the highest level since the September 22 week. Following the release, crude oil prices dropped 62 cents to $56.35 a barrel.                                                                          Distillate inventories fell for the first time in six weeks by 2.6 mln barrels while gasoline inventories showed a gain of 3.8 mln barrels. In the last 4 weeks, gasoline inventories have shown an average addition of 3.7 mln barrels. This is up from last years level by 2.5%. The government made no additions to the strategic petroleum reserve (SPR) for 11 straight weeks. The current SPR to inventories ratio fell to 2.137 from  2.141. This is the lowest in a month. Consumption rose overall. Distillate consumption rose 10.5%, the biggest rise since April 2004. Motor gas consumption also rose 0.9% after a three-week drop. Propane consumption saw a drop of 11.7% after two straight increases. Myra.Dsouza@thomson.com
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KiLrOy Master	31-Jan-2007 23:45        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	[15:29 US TECHS: Commodities Outlook; Gold and Oil] Boston, January 31.         Resistance in Apr [gold] from daily models out to weeklies and monthlies shows a strong convergence of levels in the $660-63 band.  However, absent a huge break lower, monthly trends will turn bullish today for the first time since the trend ended with the reversal last May and June.  Weekly trends are already bullish. The market has its work cut out for it in the sense that the $660+ (Apr) zone needs a strong push past to reinvigorate the move, which has stalled at 15 on our Trend Intensity indicator.  Benefit of the doubt is given to bulls, with the longer-term time frame charts noted above both favorable.  Intraday support lags below $656, gradually rising.                [Oil] has been tapping against daily envelope resistance not seen since the firm break of Dec 26.  This starts at $57 Mar, and overlaps weekly resistance at $56.85/57.30.  Next major Fibonacci retracement targets are at $58.  A downside correction is fairly certain to occur from the general $57-58 area, and the structure of that decline will tell a lot about whether a major low has been set.  Bearish weekly trend models turn neutral above $54.15 Mar this week, seemingly in the bag.  Still-bearish monthly trend models carry a lot of weight, and presuming a bottom has been established is currently more an act of faith. Intraday hurdles are very close by at $56.50-60. Joel.Marver@thomson.com
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