Oil & Gas 01 (May 08 - Jul 08)

[winston]

On Bloomberg now:-

Dina Cover, Economist at TD Bank, is now predicting US$100 oil by 2009.

She says that the data that she has, shows that Demand is less than Supply.

[iam802]

That could also suggest USD strengthening... to USD/SGD 1.6?

[kennynah]

actually quite possible hor.... as of now....spot usdsgd is 1.379....which just not so long ago, was 1.35

if u wan a new 3G iphone...better ask someone to buy in USD ...cheaper...they selling USD199 + maybe usd50/60 tax... then keep it...dont open... and when they launch in singapore....by then, maybe usdsgd strengthened... then you sell the iphone in open market...

u wan, i ask my friend to import for you.... minimum 500 pieces...

asset classes investment in commodity and fx... real life...

[blid2def]

Assuming got WW warranty lah; if dun have WW warranty, then buy from US will be a risk. Same for cameras; surprisingly (or not), you can get digital cameras a fair bit cheaper in the US than here, but no international warranty. A fair bit means a couple of hundred S$ difference, or more.

[kennynah]

ok....enough of digression...

wah piang eh.... this Oil .... no shigns of relenting man... can be in -ve territory from since asian trading and lost up to $5.... until 1130pm singapore time....started gaining..by 230am... actually turned +ve... super man...

[HengHeng]

has being doing the volatilty.. damn good to kio .. cut moving average sell .. cut again buy .. this 3 days easy money.

But not for the faint hearted... i have rojak style on .. no trend just follow where market go lor .. sometimes follow gut feeling one .. so don't ask me what fundamentals .. just i react according to what the ticker tells me.

[kennynah]

swee swee for you.... hor say !!! leng hey, bao her...

[HengHeng]

but implied volatilty gives me the creeps nowadays ... i scared suddenly i get sucked into a vacumn of no returns . I think i would slow down my trades. Maybe take a break , concentrate on watching soccer and not doing two things at the same time. Brain abit overworked.

guess i'm destined to be a loafer

[kennynah]

can lah....i eat ba kwa and watch market, listen to news, earlier chat chat with wife... can one lah...

and sometimes, i play some VCD movies to watch on the pc monitor...

[HengHeng]

cannot lah ... my brain keep telling me to do this then my body do other thing liaoz .. i think it is telling me .. do one at one time ... want to watch soccer , off the computer .. want to watch market off the t.v ..

It is not like CNBC where u hear commentries can liaoz .. no kick leh u hear soccer one.


This always happens when my sub conscious and my conscious mind are fighting for control .. expecially during trading time , sometimes .. my conscious mind would ignore the warnings given by my sub conscious and i always lose money because of that. So i learnt to listen to my sub conscious nowadays .. if i don't feel good i would start to look for factors to support my gut feeling .. even if i can't find i start to reduce exposure just in case.

No harm buying insurance... win less better than lose for nothing.