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ROI25per
Master |
04-Dec-2006 14:16
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lg6273 right, man. that is my target, that is why i chose ROI25per |
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iPunter
Supreme |
03-Dec-2006 22:07
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I reckon 4.60 is a good shorting point if you have CFD. :) |
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lg_6273
Elite |
03-Dec-2006 21:23
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Saudi Says Oil Stocks Too High, Indicating Supply Cut (Update1) By Maher Chmaytelli and Abeer Allam Dec. 2 (Bloomberg) -- Saudi Arabian Oil Minister Ali Al- Naimi said crude inventories are too high, indicating the Organization of Petroleum Exporting Countries, which supplies two out of every five barrels, should cut output. OPEC meets in Nigeria on Dec. 14 to decide whether to cut production for a second time in as many months. The group decided in October to reduce output by 1.2 million barrels a day starting Nov. 1, to check a decline in oil prices from a record $78.40 a barrel in July, to $63.43 yesterday. ``I agree that we have to take 100 million barrels out of the market,'' Naimi told reporters in Cairo today, where there is a meeting of Arab oil ministers, without specifying how that should be done. OPEC President Edmund Daukoru this week said the group should cut output by at least 500,000 barrels a day. U.S. Energy Secretary Samuel Bodman yesterday said OPEC should refrain from another cut, because a colder-than-average winter in the U.S. may increase demand in the world's largest energy consumer. OPEC should wait until the full impact of the November cut is known, Guy Caruso, head of the U.S. Energy Information Administration, told the same conference in Maryland. ``OPEC is driven by price and the price now is too high, it's double what it was three years ago,'' said John Hall, director of U.K.-based energy consultants John Hall Associates. ``I doubt that they would cut production.'' Global oil inventories stand at 2.3 billion barrels, Naimi said yesterday, citing figures from the Organization for Economic Cooperation and Development. That's at least 100 million barrels more than a year earlier, he said. Colder Weather Forecasts for colder weather in the U.S. have kept prices in New York Mercantile Exchange above $60 a barrel since Nov. 27. Oil futures rose 7.1 percent this week and are 8.5 percent higher than a year ago. Naimi is in Egypt's capital for a one-day meeting of the Organization of Arab Petroleum Exporting Countries. Saudi Arabia, the world's top oil exporter, and six other Arab states -- Algeria, Iraq, Kuwait, Libya, Qatar and the United Arab Emirates -- are also part of the 11-member OPEC. The others are Iran, Venezuela, Nigeria and Indonesia. Qatari Oil Minister Abdullah al-Attiyah told reporters in Cairo today that ``the winter is very mild now.'' He said inventories were ``too high,'' adding that another OPEC cut remained an ``open scenario.'' The ministers of Kuwait and the U.A.E., Ali-Jarrah al-Sabah and Mohamed al-Hamli, also said inventories need to shrink. Libya's top oil official and chairman of National Oil Corp., Shokri Ghanem, said OPEC may refrain from cutting output again should inventories decline between now and the Dec. 14 meeting. The U.S. Energy Department said Nov. 29 that the country's heating-oil supplies fell 1.06 million barrels to 59.1 million barrels last week. Crude and gasoline inventories also declined. OPEC produced about 29.4 million barrels a day in October, according to Bloomberg estimates. To contact the reporters on this story: Maher Chmaytelli in Cairo at mchmaytelli@bloomberg.net ; Abeer Allam in Cairo at aallam@bloomberg.net . Last Updated: December 2, 2006 09:12 EST |
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lg_6273
Elite |
03-Dec-2006 20:15
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ROI25per, i think it means return of investment 25 %, right?. what a name... how i wish i could be like that. fyi, warren buffett is getting around 25-30% |
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ROI25per
Master |
03-Dec-2006 19:42
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thks ipunter |
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singaporegal
Supreme |
03-Dec-2006 17:13
Yells: "Female TA nut" |
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Thanks for the compliments :) |
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iPunter
Supreme |
03-Dec-2006 10:08
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Hi ROI25%, In case you have not read, there's a very good article by Singaporegal on the topic of TA. An excellent and enlightening expose. It's the current feature article on ShareJunction here. Just click on the link on the home page of this site. :) |
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iPunter
Supreme |
02-Dec-2006 21:00
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It's there for all to see. That's why it is so advisable for those who 'play' or even do any punting on the stock market to at least do a bit of basic charting. Even a primitive chart will do. But that only gives price/vol. info. Although computer charting facilities are a dime a dozen these days, I still prefer a good-old-fashioned hand-draw chart on graph paper for my one favourite stock. If you are into more sophisticated tools and formulae, you can find a whole arsenal of them at this site's "Chart" section. |
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ROI25per
Master |
02-Dec-2006 20:31
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ipunter, how u know the resistance is at 4.6 |
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iPunter
Supreme |
02-Dec-2006 20:10
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Hi ROI25, It may first go to 4.60 for the next leg of it's longer-term downward journey. Quite likely for it to hit 4.60 in the comig week. |
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iPunter
Supreme |
02-Dec-2006 20:06
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Hi ROI25, It may first go to 4.60 for the next leg of it's longer-term downward journey. Quite likely for it to hit 4.60 in the comig week. |
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iPunter
Supreme |
02-Dec-2006 19:20
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PS. Cheers for Singaporegal! :) |
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ROI25per
Master |
02-Dec-2006 19:20
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thks ipunter, i m new here. u tink price will go down |
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iPunter
Supreme |
02-Dec-2006 19:18
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This is one blue chip which is so very attractive at a lower price than now! Make sure you don't miss a good stock when it becomes really cheaper ! Seriously. |
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iPunter
Supreme |
02-Dec-2006 19:15
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Of course! She's all TA !!! :) |
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ROI25per
Master |
02-Dec-2006 19:11
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is it based on TA |
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singaporegal
Supreme |
02-Dec-2006 18:04
Yells: "Female TA nut" |
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Looks to be on a downtrend... |
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gpwl2006
Member |
02-Dec-2006 10:44
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no wonder GAR & wilmar at all time high |
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iPunter
Supreme |
02-Dec-2006 10:15
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Wa, like that maybe got to eat less chakwayteow, man, since price may increase. |
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lg_6273
Elite |
02-Dec-2006 09:50
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Geopolitics move back into focus for oil market Fri Dec 1, 2006 12:20 PM ET By Robert Campbell NEW YORK (Reuters) - Geopolitical concerns are moving back to the forefront of oil traders' considerations after three months of intense focus on market fundamentals, opening the door to sudden increases in oil prices even as the supply situation remains relatively comfortable. Oil prices have been largely range-bound between $55 and $62 per barrel since early October even as OPEC moved to reduce supplies by 1.2 million barrels per day. The market's focus on healthy stocks of crude oil and refined products in the major consuming countries eroded the so-called risk premium that was built into prices earlier this year, analysts said this week. "What I don't see at the moment is any extraordinary risk premium," said Tim Evans of Citigroup in New York. "We are now complacent about supply." Threats to global oil supplies -- ranging from tensions between the West and Iran over Tehran's nuclear program to violence in Nigeria that has slashed output from that country -- have not dissipated, and market-watchers say fundamentals are becoming more bullish. But more worrying to observers is the worsening violence in Iraq and talk that regional rivals Saudi Arabia and Iran may intervene in the conflict. "You saw very hot money run into the market and run out again this summer, but I think what you are seeing now is more of a gradual rise in response to the global situation in general, especially the deterioration of things in Iraq," said Mike Fitzpatrick, vice president of energy risk management at Fimat USA. A security adviser to the government of Saudi Arabia warned in a Washington Post article published on Wednesday that Riyadh was prepared to intervene in the conflict to protect Iraq's Sunni minority if the United States pulled out of the country, raising the specter of a clash between Sunni Saudi Arabia and its largely Shi'ite regional rival, Iran. "To be sure, Saudi engagement in Iraq carries great risks -- it could spark a regional war. So be it: The consequences of inaction are far worse," wrote Nawaf Obaid. An official Arab source downplayed Obaid's article, saying his opinions were not those of the Saudi government, but the article has underscored the tensions between Iran and Saudi Arabia, two of the world's largest oil exporters, amid the worsening sectarian violence in Iraq. REFINERS BRACE FOR MOVE UP Traders and brokers say bidding in U.S. over-the-counter swaps markets has become more aggressive in recent days, a sign that refiners may be moving to lock in current relatively low prices amid tightening fundamentals and ahead of an anticipated move upward in oil prices. "Imported grades are getting expensive and there are people, big companies, who are moving to lock things in now," said one U.S. Gulf Coast oil broker. Heavy bidding for cargoes of Nigerian crude oil on Thursday pushed differentials for light sweet Bonny Light crude to record highs. Traders said supply disruptions from some fields and fears of lower than normal volumes from other facilities spurred the buying. "I would argue it's not just political risk that's driving the market. There are fundamental issues as well. OPEC is reducing production and supply disruptions in Nigeria are not really improving," said Ann-Louise Hittle, head of global oil market analysis at Wood Mackenzie in Boston. Analysts say the potential for violence in Nigeria is rising ahead of the country's April general election, with opponents of the outgoing president, Olusegun Obasanjo, accusing him of planning a coup to hold on to power after failing in an attempt this summer to secure a constitutional amendment that would allow him to seek a third term in office. Obasanjo has denied the charges, which he says are part of a political smear campaign orchestrated by his estranged deputy, Atiku Abubakar, who is seeking the presidency. The power struggle between Abubakar and Obasanjo has raised fears of chaos in West Africa's largest oil producer even as a quarter of the country's oil output is already shut down due to an armed insurrection in the oil-rich Niger Delta region. Traders said Friday that Nigerian exports in January would be 15 percent lower than in December as a resurgence in militant attacks on the country's oil infrastructure has cut further into output. |
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