Sunday, October 08, 2006

 

SPC the abandoned black gold...

SPC has been keeping on dropping since mid-May from a high of around $6 to Oct 6 closing of 4.72. As the oil bubble burst, SPC of which is oil-related stock cannot avoid the selling. From the chart, we can see that SPC is in a downtrend channel and has not been able to break up from it. As the oil monies move away and go to other sector, will SPC has another day of glory?

# posted by chua @ 6:01 PM
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