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SPC
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nickyng
Supreme |
12-Jan-2007 11:32
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yes !! 4.10 shorted at 300lots ...please do more...please !!! else my pants off liao !! :P thank-u whoever let go at 300lots!! |
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singaporegal
Supreme |
12-Jan-2007 11:30
Yells: "Female TA nut" |
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Still urge caution on SPC. It may not have bottomed out yet. |
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giantlow
Master |
12-Jan-2007 11:16
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looks like the $4.10 support level is holding well for now. But u never know in the afternoon, some big boy may suddenly offload huge quantities. |
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nickyng
Supreme |
12-Jan-2007 11:00
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ayo....come on guys!! dun keep it at 4.12 leh...do a thorough job to bring this counter further south please......ayo..... |
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nickyng
Supreme |
12-Jan-2007 10:48
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hee...4.12 now!! not bad...could my dear shortists comrades...pls cont'd to short the counter further leh..else i got to naked short liao... |
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YongJiu
Veteran |
12-Jan-2007 10:31
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Oil Trades Near 19-Month Low on U.S. Demand Slide, OPEC Doubts 2007-01-11 By Gavin Evans Jan. 12 (Bloomberg) -- Crude oil traded little changed near a 19-month low after falling for a fourth day yesterday on doubts OPEC can cut production fast enough to prevent a slump in U.S. heating demand boosting second-quarter stockpiles. U.S. fuel use dropped to the lowest since April 2004 last week as mild weather curbed demand and distillate and gasoline supplies in the world's biggest oil consumer rose for a fourth week. Oil's fall below $53 is ``unacceptable'' and members of the Organization of Petroleum Exporting Countries must make the cuts agreed, group president Mohamed al-Hamli said yesterday. ``Inventories are comfortable,'' said Tobin Gorey, commodity analyst at Commonwealth Bank of Australia Ltd. in Sydney. OPEC will struggle to hasten their production cuts ``unless they do something really drastic,'' he said. Crude oil for February delivery was at $52.02 a barrel, up 14 cents in after-hours electronic trading on the New York Mercantile Exchange at 10:15 a.m. in Sydney. The contract fell $2.14, or 4 percent, to $51.88 a barrel yesterday, the lowest close since May 27, 2005. Futures touched $51.80, yesterday and are down 15 percent so far this year. U.S. crude-oil stockpiles held 314.7 million on Jan. 5, 7.1 percent higher than the five- year average for the week, the U.S. Energy Department said Jan. 10. Daily fuel demand, based on deliveries from refineries, averaged 20.4 million barrels in the four week period, 4.2 percent less than a year earlier. OPEC Discipline ``Inventories are rising and demand is falling, a combination that's going to keep downward pressure on prices,'' Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts, said yesterday. OPEC's ``announcements of further cuts will be shrugged off because they didn't show strong discipline in November.'' OPEC, which produces about 40 percent of the world's oil, decided in the fourth quarter to cut output by 1.7 million barrels a day by Feb. 1. Consultations among ministers about falling prices are ``ongoing'', Al-Hamli said yesterday. The 10 OPEC members with production quotas pumped 385,000 barrels a day more oil than their agreed target last month, according to Bloomberg data. OPEC had 3.69 million barrels spare capacity in December, the most since June 2003. ``OPEC is taking action to put a floor under prices,'' Paul Crovo, a Philadelphia-based oil analyst for PNC Wealth Management, said yesterday. ``The cuts might not have the desired effect because spare capacity will grow.'' Saudi Arabia is the group's biggest producer. Saudi Aramco, the world's largest state oil company, informed South Korean refiners that supplies will be cut by between 11 percent and 14 percent next month, refinery officials, who asked not to be identified, said yesterday. Refiners in Japan will receive between 10 percent and 12 percent below contracted volumes, officials said. ``The Saudi announcement is a case of too little too late,'' Nauman Barakat, senior vice president of global energy futures at Macquarie Futures USA Inc. in New York, said yesterday. ``Unless the Saudis are ready to make bigger cuts and become a swing producer this market will continue to unravel.'' --With reporting by Mark Shenk in New York and Andy Critchlow in Abu Dhabi. Editor: Russell. |
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YongJiu
Veteran |
12-Jan-2007 10:28
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that why never try to predict Mr.Mkt mood... up & down any time... |
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chipchip66
Master |
12-Jan-2007 09:53
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the question is who bought it?? |
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nickyng
Supreme |
12-Jan-2007 09:50
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oh shacks!! who is the joker that jackup the price when i shorted?! basket..out to catch the shortists is it?!??!?! ohh no !! :( |
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nickyng
Supreme |
12-Jan-2007 09:39
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hey!! no offend hor...since u see the trend and u CANT beat them...JOIN them !!!! hee....wat are u waiting for..$$ is there ! hee...gd luck!! i hv taken my steps..the rest is up to u :D |
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jackjames
Elite |
12-Jan-2007 09:33
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ha ha.. bastard nickyng, hah a.. kidding la.. anyway, you will see the trend of this counter at 4.40 pm, always like that this week.. |
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nickyng
Supreme |
12-Jan-2007 09:25
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hee...i hv shorted 3x lots..hee...try my luck...come on baby !! shortists do your job leh!!! :P |
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nickyng
Supreme |
12-Jan-2007 09:11
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oops!! hee...my mistake typo...no leh..SIA and comfortDelgo din raise much leh.... |
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tanglinboy
Elite |
12-Jan-2007 09:08
Yells: "hello!" |
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Really! ..... transportation related stocks like SIA will rise! BTW, its CRUDE oil... not CRUEL oil. |
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nickyng
Supreme |
12-Jan-2007 09:06
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oh...shack! CRUEL OIL US$51 !!! oh no...SPC sure lao sai today !! no1 can save it now!! come on shorties!! wat are u waiting for ? hee... |
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bulbideal
Member |
12-Jan-2007 08:57
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Hi guys, Any ideal when is SPC report is coming out? Don't know if the perforance will be good. If the result not good then it will dampen further..... Maybe it will hit $3.8? |
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chipchip66
Master |
12-Jan-2007 08:46
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M waiting 4 price cut! Another 5c maybe?? |
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jackjames
Elite |
12-Jan-2007 08:41
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Yes, it will. U.S. light crude settled down $2.14 to $51.88 per barrel after touching $51.80, the lowest price since May 31, 2005. London Brent crude was down $1.99 at $51.70. |
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giantlow
Master |
12-Jan-2007 08:36
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If this counter needs to fall hard before it can rebound high, then let this baby fall so hard that it will rebound to the sky. |
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chipchip66
Master |
12-Jan-2007 07:47
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Crude futures fell to below $52 a barrel. Could see sub $4 today. Just my 2c. |
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