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Latest Forum Topics / SPC  Post Reply
SPC
iPunter
Supreme
10-Jan-2007 21:31     
 
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On one of my trend lines, a major support is at 3.98 or thereabouts. Hence that could a good entry point since it will be regarded as a bouncing platform ie. a trampoline. This is one entry method.

After a long downtrend, it is normal for a reversal pattern, either a double bottom, triple bottom, down flag, right-angle triangle, etc...can be formed due to the long-term conditioning of the holders, many of whom will 'cut loss' at the first sign of a small rebound. Also, it may turn out to trade sideways too, which is another entry method for those accumulating.

So until a 'proper' reversal pattern is formed, if you enter, the risk of it being only a rebound is there ie. the downtrend may not have ended yet.
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gho485
Senior
10-Jan-2007 21:21     
 
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ipunter,

Quick question -as mentioned, it will form a proper reversal patter slowly, does that mean it is still on a downtrend? you mentioned it will take weeks for the pattern to form, why go thru the pain of seeing red each day when you can collect it later at lower entry price.

i was trading this counter when it was at 5.85 and did an exit at 6.50 (almost the highest). it has now come that lower to 4.16. i hold back cos i see the down trend. i reckon for those who wants to bet on this counter to be caution.

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victor_lee
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10-Jan-2007 21:14     
 
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 Alert Admin 		iPunter
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Hi! Would u care to elaborate more about the "3.98 trampoline" u mentioned below? What's the significance of this? Pardon me for my ignorance.

Thanks.
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iPunter
Supreme
10-Jan-2007 21:07     
 
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When the bottom is forming, it will be obvious in the chart. It will not just mak ea U-turn... It will form a proper reversal pattern slowly, maybe taking weeks.
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singaporegal
Supreme
10-Jan-2007 21:01     
 
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 Alert Admin 		gho485 is right.... I can't see an end to this downtrend.

Those of you who are vested need to decide what to do.
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gho485
Senior
10-Jan-2007 20:59     
 
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Chart shows a downtrend. I am glad there are still a few optimistic people out there. This counter has been down almost 24cts in since last trading of 2006. Stock fall faster than gain, it not for those faint hearted. It should go lower. Trade will care.



 

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victor_lee
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10-Jan-2007 20:51     
 
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 Alert Admin 		jackjames

Yeah. I approached the Phillips speaker during the break and questioned him on his assumptions. Btw last year I attended his presentation during Q1 and he predicted USD81/bbl in July and was only 3 dollars off... Basically he uses money supply to do his projections. I think it wont be that drastic as 24/bbl. But around 40/bbl maybe...
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nickyng
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10-Jan-2007 18:32     
 
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 Alert Admin 		wow...new low everyday hee....
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Nostradamus
Supreme
10-Jan-2007 12:20     
 
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I believe oil prices will fall to the 200-day MA and rebound from there. Similarly, SPC could fall to around $4 and then rebound to $4.30-$4.40.



Oil prices are definitely on a downtrend. Cut loss on SPC if you have to.
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tanglinboy
Elite
10-Jan-2007 09:53     
 
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 Alert Admin 		Hehehe.... looks like what happens to my Chinese Essay during A-levels after my teacher marks it.... All red!
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billlec
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10-Jan-2007 09:51     
 
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All in red........but one big greeen

09:46:44 4.120 1,000 Sell Down
09:45:20 4.120 30000 Sell Down
09:36:09 4.120 1000 Sell Down
09:36:03 4.120 79000 Buy Up
09:35:26 4.120 21000 Sell Down
09:34:13 4.120 1000 Sell Down
09:34:07 4.120 3000 Sell Down
09:33:56 4.120 1000 Sell Down
09:33:21 4.120 5000 Sell Down
09:33:12 4.120 20000 Sell Down
09:32:41 4.140 1000 Buy Up
09:31:38 4.120 1000 Sell Down
09:31:32 4.120 26000 Sell Down
09:27:51 4.140 5000 Buy Up
09:23:28 4.120 3000 Sell Down
09:15:13 4.120 3000 Sell Down
09:13:39 4.120 50000 Sell Down
09:13:37 4.140 20000 Buy Up
09:13:29 4.120 6000 Sell Down
09:12:20 4.140 32000 Sell Down
09:07:59 4.140 1000 Sell Down
09:05:02 4.180 61000 X
09:01:41 4.160 22000 Sell Down
09:00:55 4.160 1000 Sell Down
09:00:04 4.160 5000 Sell Down
08:59:03 4.160 22000 X
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shplayer
Elite
10-Jan-2007 09:50     
 
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Ref BP article posted by ROI25per, 4Q ave refining margin for Spore at USD2.95 per bbl is not good news for SPC's 4Q result.

Coupled with lower oil price (upstream revenue), my revised estimate of FY06 eps is about 53cts. Div will probably be about 17-18cts.    
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singaporegal
Supreme
10-Jan-2007 09:46     
 
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 Alert Admin 		Still falling... I guess its keeping in tandem with the global oil prices
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jackjames
Elite
10-Jan-2007 09:35     
 
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can't load the image, dun know why..

anyway, 22 lots sell down at 4.16, 32 lots sell down at 4.14, 50 lots sell down at 4.12...
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YongJiu
Veteran
10-Jan-2007 09:28     
 
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 Alert Admin 		SPC up the lorry already.....
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ROI25per
Master
10-Jan-2007 08:41     
 
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http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7027449

4Q may not be good; attached is BP refining margin in Singapore[a good gauge for SPC]

It may test <4 but I m vested for long term... 
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Sporeguy
Elite
10-Jan-2007 00:15     
 
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 Alert Admin 		Temasek is looking at long terms.
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giantlow
Master
09-Jan-2007 23:47     
 
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hmmm elf & billlec

Temasek's stake was increased from 44.07 % to 45.02 %.

it was done indirectly thru DBS and Keppel.

is it the same as Temasek buying???
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giantlow
Master
09-Jan-2007 23:43     
 
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hahaha jackjames. ya someone shld actually tell this so call experts a piece of our minds eh.

ok. i will only monitor SPC after the mkt closes everyday.



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KiLrOy
Master
09-Jan-2007 23:35     
 
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I am going to be ironic and intro some market noise now. Take it with a pinch of salt.

15:26 US TECHS: Commodities Outlook; Gold and Oil] Boston, January 9.         
Following last Friday"s strong drop, [gold] is forming a flag this week with downside resolution anticipated.  Daily trendline support is at $597 Feb, though pivot supports at $605.50 would first have to give way.  Trend Intensity has latched on to a steady bearish trend signal in this market that commenced Friday from excellent levels and should uptick bearishly again today.  Larger downside targets for gold are a shade below $575.  Monthly trend models were working on a bullish setup before the break, and can still pull it out with a Jan close above
$625.  As before, 200-day moving averages at $616 are an upside barrier now.    
The latest weakness in [oil] is setting Trend Intensity up for its fifth consecutive double uptick, a phenomenon not recently seen given that bear market
runs of this extent have been a rarity in the energy markets.  The parabolic drop is feeding on itself, and having hit new recent lows, Elliott wave targets
on nearest futures target the $50.00-52.50 zone as closest major support.  200-weekly moving averages are just above there at $52.60.  On monthly charts, major support at $54.50 has been broken intraday.  Any short-term lift today should stumble near $55.00 Feb.  Joel.Marver@thomson.com 
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