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SPC
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nickyng
Supreme |
12-Feb-2007 10:20
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well..but if CRUDE is down..SPC will sink...hee..read this: ok...shorted...3x$4.42 :P SINGAPORE (Reuters) - World oil prices fell by more than 1 percent on Monday, deepening earlier losses, after Saudi Oil Minister Ali al-Naimi was quoted as saying markets were healthier and an industry source said that one South Korean refiner would receive an increase in Saudi supplies in March. U.S. light, sweet crude for March delivery fell as much as 82 cents in Globex electronic trading. By 0048 GMT the contract was down 74 cents at $59.15 a barrel, while London Brent crude was off 67 cents at $58.34 a barrel. OPEC may not need to cut or raise output when it meets in a month's time if current market conditions -- which are much healthier than before -- continue, the Wall Street Journal quoted Saudi Arabia's oil minister as saying in an interview. Saudi state oil firm Aramco will increase crude supplies to at least one South Korean refiner next month, an industry source said on Monday. The refiner received notice of an 8 percent cut to March supplies, less than the 13 percent cut in February. |
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ROI25per
Master |
12-Feb-2007 09:56
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oil price up does not really boost share price. gd news fm oyang may do so |
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nickyng
Supreme |
12-Feb-2007 09:11
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well....CRUDE almost $60 but SPC still laggard...dun thk will hv any surprise this wk..unless pre-CNY rally kicks in(if any) ...time to short again? hee..... |
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giantlow
Master |
11-Feb-2007 23:36
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giantlow
Master |
10-Feb-2007 00:29
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just for my favourite elf. Gold and crude oil prices tend to rise and fall in sympathy with one another. There are two reasons for this:
The gold-oil ratio identifies:
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EastonBay
Master |
10-Feb-2007 00:24
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(forgot to end with this).... And that's why margin trading is often perceived as dangerous. |
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EastonBay
Master |
10-Feb-2007 00:21
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Livermore: Margin trading is not dangerous for people who know what they are doing and they have full control over their decisions, i.e. disciplined people. I believe you have it (like not getting deeper into debt). Problem is NOT many people can control their emotions and their actions. Leverage is a good thing e.g. use of credit cards if one dutifully settle (fully) their spending for the month with credit card companies. Drawing analogy here. Problem is, a lot of people could not control their purchases; they buy things they cannot afford with Cr card and raking up 24% interest. And that's why they are so many bankrupts around (because of credit cards) |
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giantlow
Master |
10-Feb-2007 00:19
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the automated robot says that SPC charts might be showing a mini rounding bottom. A rounding bottom, also referred to as a saucer bottom, is a long-term reversal pattern that signals a shift from a downtrend to an uptrend. The basic formation of a rounding bottom comes from a downward price movement to a low, followed by a rise from the low back to the start of the downward price movement - forming what looks like a rounded bottom. so basically what SPC needs now is more volume (about 4m) at sustained prices for the positive breakout to occur. the automated robot is shutting down for system maintenance......... |
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chinkiasu
Master |
10-Feb-2007 00:13
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yes, welcome back Giantlow!!! *clap clap* .... :-) personally I am secretly hopeful that that @#%#%@# institutional player may just clearing the deck so that he can reap big ie. I do secretly suspect the point that elfin re reaping benefits relating to warrant play ... and am totally irrational here, but what to do accept hoping for a miracle as dateline (for our warrant) draws near.. but I am also loading up on the main counter i.e picking up more SPC shares when they around 4.38.. I really believe that SPC will hit 5.00 in the midterm (we are talking here of PE 9 absolutely achievable) |
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idesa168
Elite |
10-Feb-2007 00:11
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HE IS BACK, back with humour this time! I have always enjoy your posting, just that I don't usually respond. I have been talking too much lately. I am back to my Shell now! |
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elfinchilde
Elite |
10-Feb-2007 00:10
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wait...i have a question: what does it mean if gold AND stock markets are rising? 'cos gold is traditionally bought as a hedge against a falling US dollar and/or falling stock market. this is a non sequitur leh..."it does not follow". |
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giantlow
Master |
10-Feb-2007 00:03
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the automated robot would like to add that Giantlow is NOT a tortoise or any other shell creature and was never in any shell. unless u are refering to Shell Petrol station. the automated robot also like to point out to billywows that oil futures seem to be retreating on early morning US trade. now, it is $60.00 extactly. |
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billywows
Elite |
09-Feb-2007 23:56
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idesa168
Elite |
09-Feb-2007 23:42
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Thank you Giantlow for responding! You are still alive! I managed to instigate you out from your shell...lol...Cheers! |
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KiLrOy
Master |
09-Feb-2007 23:40
Yells: "I buy only what I can see." |
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A little bird told me the price will break out next trading week. :) [15:34 US TECHS: Commodities Outlook; Gold and Oil] Boston, February 9. [Gold] has met one upside objective today with the continuation higher. On nearest futures charts (COMEX), the market has come within $1 of retesting its mid-July top at $669. With the breakout from the just-over-six-month-old symmetrical triangle, technical objectives are vastly higher (though it can be argued that the pattern is a bit too stretched out to have confidence that classic measuring techniques apply in the current case). Let's give the bulls the benefit of any doubt, as those same continuous contract charts show a gap higher with today"s rise, very possibly of the breakaway variety. Weekly and monthly targets still point to the $675-76 zone as next resistance; a surge past means $700 is next. In Mar [oil], we have been eager to advance the notion that a correction has started and may yet be proven correct, though not exactly on the timetable at first thought. Evidence in favor of the correction notion is that prices have come within 20 cents of Nov floors at $60.61 and momentum and RSI studies have not yet shown bulls are in control. The market is slightly past its 50-day moving average today at $59.61 Mar. In the event of an "overshoot," 200-day moving averages on continuous futures charts are just over $62 and Dec peaks are $64.15, either of which could mark a turning point for a major correction. Joel.Marver@thomson.com |
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elfinchilde
Elite |
09-Feb-2007 23:37
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keke, idesa, i fully agree with you about the everyone, let's HUAT AH! sentiment. hehe. i'll always consider myself a novice since anyone who claims to be an expert on the market is likely a person who underestimates the market. :) besides, considering my age, i can only be a novice at best. and yes, you're right: in a bull market, 80% success rate is nothing much, plus, i'll never exclude the possibility that i'm just lucky either. haha. :P and yeah, just going in on any old stock just because a few charts read buy is a bad idea. that's why TA people have very strict rules about the stocks they play. 'cos the stocks must fit in certain parameters. For me, after weeding out the entire SGX mainboard (yes, the entire 1367 stocks), there's only abt 50 that are TA-able. keke, godpa and livermore, sorry, elf can't play margin...not that it's a bad thing, but I'll just die of panic man....too nervy for that. >~< and hehe, idesa, i sold out all my TA stocks precisely 'cos i think market's down trending. that why only holding an FA baby now. :) depends lah. i'm not fussy. i'll play whichever way the wind blows. make money can already. ;) |
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Livermore
Master |
09-Feb-2007 23:34
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Hi Geojam, We have similar styles. I have explained many times to friends that margin trading need not be "dangerous" but they still don't believe. It is not "dangerous" for me simply because my lots are all staggered. I am also no TA guru but hope to learn a bit if I can find the time. I am dedicating time to career too:). Leveraging is a really useful tool to increase your profits in the market IF USED CORRECTLY |
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giantlow
Master |
09-Feb-2007 23:33
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giantlow decided not to post in SPC thread until further notice. this is an automated robot. giantlow disagrees with idesa168 who said "Giantlow lost his cool! Lost patience." giantlow frowns upon such negative comments made. = ( |
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singaporegal
Supreme |
09-Feb-2007 23:18
Yells: "Female TA nut" |
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SPC showing signs of strain.... losing steam now. MAY be topping out |
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geojam
Member |
09-Feb-2007 23:18
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I say man,this week must buy 4D. Finally i found someone who not only agree with me on margin lending but actually practise it. I have been practising for years,the only secret i have.hahah I do not know what TA or warrant. At one stage i was so daring that i give up my residence(house) title deed as collerateral inorder to get more margin loan. Agree I also average up more than down. |
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