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SPC
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aircraft
Veteran |
22-Jan-2009 20:17
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I'm very new to trading... Thus didn't want to sell at a loss plus not up to date with market trend, only thought of holding for long term dividends.
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aircraft
Veteran |
22-Jan-2009 19:49
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Hmm... I never thought of fighting the market. I'm a newbie but thought that it no harm holding SPC for long term dividends but my Avg price too high. If it's lower then at least better chance of me selling them for capital appreciation if I wanted to, at that point of time. And the pricing now (around $2) is in a not bad position to lower my Ave price ?
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cheongwee
Elite |
22-Jan-2009 17:40
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But i think oil will never drop below 33..that my guess..in fact got some 15 lots at 1.43..didnt buy more becos was worried as the selling was like no tomolo....never mind..just keep..how low can it go...1.0..well if it really got to that i will buy more.. Can this one end like ferrochina.. |
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AK_Francis
Supreme |
22-Jan-2009 17:32
Yells: "Happy go lucky, cheers." |
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Wah, hoe shei liao. AK too slow loh. Anyway, congrates.
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cheongwee
Elite |
22-Jan-2009 17:29
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Last oct was FIRE SALE..ppl anyhow throw like world ending tomolo.....i got some below 2...u want below 2 got to wait oil below 30..this is a possibility...i am not poking at you..
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iPunter
Supreme |
22-Jan-2009 16:19
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Why do you want to do DCA? You want to fight the market? As it is, you are already very exposed... Why do you want to increase your exposure further??? This kind of 'combative' approach to the market is the reason why many are wiped out !
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AK_Francis
Supreme |
22-Jan-2009 15:22
Yells: "Happy go lucky, cheers." |
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After CNY loh, AK perceive only. But wondering why didn't dump when it px crosses 10-20 % loss margin n with then poor market sentiment. Perhaps, need to learn more in trading. 07 hold 36 lts but now only half, for safety.
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aircraft
Veteran |
22-Jan-2009 14:31
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My Avg cost for SPC (3 lots) is a hefty $6.17. When is it a good time for me to start DCA ? Thanks. | ||||
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maxcty
Master |
22-Jan-2009 12:43
Yells: "always a learning day for me in trading" |
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really good $$ any chances to go down less than $2?? thinking to go in now |
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AK_Francis
Supreme |
22-Jan-2009 12:38
Yells: "Happy go lucky, cheers." |
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x 0
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Wah, thats good $ loh. AK went in around avg 6.40. Not greedy, released ard 8.6, in 07, it went up 9.05, 2 weeks later. Ah yoh yoh. But last yr, salah loh, went in 3.47, 2.27 n 2.28, ayah, just for 8 cts div. Peow. May download some after 3.15pm. As sifus said, cash is queen.
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trader88.sg
Veteran |
22-Jan-2009 12:18
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If follow TA, sure make money. If follow FA, might not make money. |
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iPunter
Supreme |
22-Jan-2009 12:15
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About a year ago, SPC was one good cheap counter to buy @4.05. |
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AK_Francis
Supreme |
22-Jan-2009 11:38
Yells: "Happy go lucky, cheers." |
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Ha ha, it touched at 1.77 yr low, end last Oct. while then CO was around 67 USD. Then STI 1472.77. Today, BCO is 43.55 USD. STI now 1721.89 n SPC is 2.34. AK vested for not so good div ds yr loh. 8cts only as compared to 30-40 cts d preceeding yrs ah.
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cheongwee
Elite |
22-Jan-2009 05:07
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This counter doing fine because of oil px goes up???or what..this one will never go below 2 unless oil drop below 30.. | ||||
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AK_Francis
Supreme |
21-Jan-2009 23:12
Yells: "Happy go lucky, cheers." |
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AK opines that its an essential, no harm to hold it if u can. No call for anything for d above. CA applies loh.
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iPunter
Supreme |
21-Jan-2009 22:19
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Solid meaty analysis from 'da ge'... :) |
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shplayer
Elite |
21-Jan-2009 16:01
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Add to my earlier post, Upstream Profit contribution for 3Q08 was $43.6mi (8.5c ps) and 4Q08 shrank to 2.7c ps. So, as long as CO price hovers around current levels (USD35 to 45), US business will not contribute too much to SPC's performance. Bear in mind, USD/SGD exchange rate is also a factor. |
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shplayer
Elite |
21-Jan-2009 15:46
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Bear in mind 3Q08 results was breakeven. It had about 125mil (-24c ps) loss in inventory write down but offset by about $113m gains (+22c ps) in deritvaives. Also, RM was positive at USD4.00 / bbl. However, 4Q08 resulted in a net loss. What is of concern is RM, which is a key factor of the health of refining industry, according to my extrapolation, has turned negative at USD-2.00 / bbl. In this case, I don't believe YoY result comparison is an effective tool .......I would prefer to look at QoQ. Personnal opinion.....caveat emptor. |
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iPunter
Supreme |
21-Jan-2009 14:13
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This may be why people are waiting for some good news to sell at a better price... 
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Farmer
Master |
21-Jan-2009 12:53
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According to the FY08 report, there's a huge write down of inventories cost due to the meltdown of crude price last Q....this may continue if CF continue to soften further to say US$25 - the mean value predicted by experts. Kiv is the word for now. | ||||
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