crack spread change all the time according to the crude grades available and to demand/supply.

an example:
during us summer, the most demanded is gasoline.

if the summer is good enough for increased driving, the gasoline demand will go higher. hence despite diesel demand and crude supply remaining unchanged, the crack will still widen due to the increased gasoline demand. thus a increase in the crack spread.

@yippy68,

i m always open for discussions but i cant say for @calvintaneng since he got such a big reaction after i showed him facts and figures disproving his investment thesis.

as to recommending stocks, i refrain from doing so since i do not want to be accused of misleading the market.

do note the irony when u said this forum is a place to share ideas.

i gave everyone verifiable facts on ur so-called information.

if u think i m belittling u when i highlighted verifiable facts, then so be it. it just shows that u r unable to handle the truths.

and how r my postings negative when i merely stated facts????

Posted by calvintaneng > Sep 3, 2017 10:13 PM | Report Abuse

THIS FORUM IS A PLACE TO SHARE IDEAS FOR THE BENEFIT OF FORUM MEMBERS

IS IT A PLACE TO BELITTLE PEOPLE.

IF THAT IS YOUR PURPOSE THEN YOU SHOULD LOOK AT I3 FORUM ADMIN RULES

I THINK WITH SUCH NEGATIVE POSTINGS I3 FORUM TEAM SHOULD JUST SUSPEND YOU.

I THINK THIS WAS EXACTLY WHY MY JOHOR SIFU REFUSE TO SHARE HIS INSIGHTS HERE.

AND WHY OUR FRIEND KCCHONGNZ STOPPED POSTING SINCE JULY 27TH LAST MONTH. IS IT NOT BECAUSE OF CONSTANT HARASSMENT FROM MALICIOUS POSTINGS?

@apolloang,

he is tun @calvintaneng, not tan sri anymore. lol

i must have driven u to the walls and now u r so mad at me. lol and i m enjoying it.

i singled out montana becos u bs that this state has soybean growing, thus, we know that ur story is all based on general media reports and not any specialized on-the-ground reports such as usda or the crop associations.

and secondly, if the drought is as impact as u claim it is, it is not reflected in cbot sbo prices.

i m not interested to know ur holding of myeg, but based on your inconsistent time, we can all tell u r bsing abt holding myeg.

therefore, we now all know u r nothing but full of bs.

but this doesnt hide the 2 rock solid facts that u r unable to rebut me on your time inconsistency of myeg and that u r unable to provide numbers that show montana is a soybean growing state.

today, i broke the record of embarrassing u at least 8 times.

really, if one day i dont embarrass u, u dont feel comfortable, is it????

@stock kingdom,

wow, u r very kind to estimate @calvintaneng stock picking failure rate at 60%. i m estimating it @ ard 80% since he is like giving more than 20 stocks at a go.

i alrdy exposed ur so-called buy call on myeg as being inconsistent on timing and yet u still try to wriggle ur way out.

myeg started running in may 2013 and u urself stated that u gave a buy call only in jan 2015, almost 1.5 yrs later.

so based on ur call of buying myeg in early jan 15 and selling off in mid jan 15, u only took ard 50c profit and bot back in jun at ard 2.7

so my question to u now is how can u make a 100% profit within the few days in jan15 when the price of myeg only moves by ard 20% between ur entry on 7 jan 15 and exit on 9 jan 15??? there was no doubling of price, so how did u double ur profit???? records of myeg prices during jan15 has no doubling of prices.

Posted by calvintaneng > Sep 3, 2017 06:50 PM | Report Abuse

These are the facts on MyEg

On January 7th 2015

Calvin called for a buy on

MyEG or My Emas Gold

at least look at the timing as to when the stock started running b4 u simply spin ur so-called buy call story.

really, u need to be embarrassed by me every hr or else u dont feel comfortable now?????

@patron,

but we must all admit its very fun to piss off @calvintaneng until he no longer talks sense.

tom is no market day, so must make full fun of @calvintaneng tom to alleviate the boredom.

@calvintaneng,

just by the mere fact that i have pointed out ur bs on agricultural has spoken volume on ur analytical ability.

so, u trying to cover up by bring up some of ur more successful stock picks out of the at least 20-30 that u have been promoting doesnt hide the simple fact that u got lucky with this 5 stocks.

Posted by calvintaneng > Jan 27, 2015 02:20 PM | Report Abuse

YES!

NOT ONLY THIS COUNTER

MYEG = MY EMAS GOLD at RM4.31 before split (split RM2.15)

SUPERMAX - SUPER MAXIMUN BULLISH AT RM1.62

FGV = FULLY GOLDEN VALUE at RM2.13

KIMLUN - GOLDEN DRAGON at RM1.26

OTHERS ON THE WAY TO POWER UP ARE

1) BJ CORP

2) ASB

3) NOVA

TRICK IS TO BUY BEFORE THEY GO UP!

why dont u mentioned that ur supermax, fgv, kimlun, bjc, asb, nova which either went down, slightly up or unchanged?????

taking my eg as an example, after ur posting on the said date of the 7 jan 15, u immediately decided to take profit on the 9 jan 15

Posted by calvintaneng > Jan 9, 2015 10:50 AM | Report Abuse

Yes!

Up So Much Already.

Must Take Profit & Switch to Other Laggards Now!

my eg started running in may 2013 and u only promoted the stock in jan 2015???? u stopped commenting on the stock since end jan, thus, the only possible reason is that u have either u had no position or had sold off the stock.

u r a real horse back cannon.

@stock kingdom.

thx for the compliment.

now after being exposed to me as a fraud on agriculture, @calvintaneng tries to divert attention and brought up some stocks which he claimed to have accurately foretold.

for steel, it alrdy started running in apr 2016 when u wrote in aug, so any steel stocks u picked is bound to go up.

insas was in may 2016 and it was a lucky pick on ur side, much like dutaland.

rce cap at 28c was way back in 2005, so it is very difficult to verify ur call.

and it appears that u r claiming all the entry prices without giving a date or proof that u actually gave a call except for insas. so it is highly suspicious that u made the calls on jaks, rce cap, my eg and prestar.

back up what u said with facts and dont just throw a bunch of stocks at me.

how can i been accusing u when u have been showing off urself as an agricultural expert????

after i exposed @calvintaneng as a fraud, now he claims not to be an agricultural expert and is trying to wriggle his way out.

but thus far, this so-called drought has not sparked any panic buying or sudden rise in price of oilseeds.

according to usda's 2016 montana agricultural review, there is not even a single arce of land growing soybean.

so r u saying that the numbers provided by usda r not to be trusted and the news sources that u provided r accurate???? u cannot even give me any montana soybean production numbers and u still claim montana as a soybean growing state.

corn-wise, montana's 115k acres is very small vs iowa's 13.9m acres and illinois' 11.6m acres. montana area under planting for corn is ard 0.05% of their combined acreage. so u called 115k acres of corn planting alot???

and according to the usda numbers, corn is not even the number 7 cash crop. it is number 8 with usd24m and montana has ard 16 cash corp.

so how can i been making a mountain out of a molehill when all ur facts r seriously wrong????

there, i embarrassed u again with solid usda corn data and ur inability to even give me a montana soybean production number says volume abt ur ignorance.

after i exposed ur ignorance to all the silent readers, they will now know better.

as to ur friends, i dont see them defending ur logic which is being dismantled by me piece by piece.

and now, after being exposed as a fraud agricultural expert, @calvintaneng decided to play on words.

ok, if there is a stalk of soybean being produced by montana, then why isnt it being recorded by usda???

soybean production in montana is so insignificant that usda just give a n/a or withheld.

refer to page 12 and 16 of the below link

http://usda.mannlib.cornell.edu/usda/current/GraiStoc/GraiStoc-06-30-2017.pdf

even the 2016 agricultural review of montana by usda shows no soybean planting.

https://www.nass.usda.gov/Quick_Stats/Ag_Overview/stateOverview.php?state=MONTANA

thus, i m not wrong in saying not a single stalk of soybean is produced in montana.

so where r ur numbers for claiming montana is a soybean growing state except for a few old academic articles????

i alrdy exposed u as a fraud by using usda numbers and montana agricultural review in confirming that montana is not a soybean growing state and doesnt grow any.

this is like the 6th post where i embarrassed u.

come on, i looking forward to embarrass u more today.

and can u tell me why r u so stupid and incompetent as not to recognize facts, such as numbers from usda????

so stop giving bs stories on academic possibility of growing soybean in montana.

if there is any substantial soybean growing in montana, it will be recorded by usda.

so where r the numbers for soybean planting in montana??? simple fact is that there is none, thus usda dont report the numbers.

yet u still trying to say that there is soybean planting in montana.

this says volume on what an idiot u r for trying to masquerade as an agricultural expert.

this is like the 3rd or 4th post where i have embarrassed u.

seems like i may break the record and embarrass u up to 5-6 times today.

another bs story from the idiot @calvintaneng.

ur story is way back in 2002 and it is an academic research project, not even commercially done.

the statistics from usda of 2015 dont even record any soybean growing in montana.

refer to pg 46 of the below link:

https://www.usda.gov/nass/PUBS/TODAYRPT/cropan16.pdf

therefore, once again, i have proven @calvintaneng to be an idiot trying to impersonate a agricultural specialist.

u really need me to embarrass u once a day or else u dont feel comfortable, is it???

how many times must i bring up the fact that montana doesnt produce even a stalk of soybean and that dry weather is a normal weather occurrence during this time of yr for northern usa.

yet this so-called agricultural expert still bsing this drought story.

@dam82,

palm oil or soybean oil will be forever in contention with each other and other edible oils.

why???

go read up on edible oils' specifications, agricultural economics and consumer taste to understand why.

now we all know that @calvintaneng has no knowledge at all of the futures market.

traders/investors use the active month as benchmark.

we can not expect much from an idiot who cant even quote soybean oil correctly.

let me teach u a thing or 2 abt the futures market.

for wti, the active month is the spot month while for cbot sbo dec, it is usually based on the harvesting month.

thus wti oct is only usd47/bbl and cbot sbo usc35.7/lb.

get the correct active month fist b4 u start talking bs again.

and for ur backward info, there was only a very brief shutdown in drilling while on the downstream refining on the coast was the only one severely affected.

so stop talking bs and expose ur lack of knowledge on the commodities market.

u really need to be embarrassed by me once a day, or else u dont feel comfortable.

u mean he is the mythical Garuda???

by seeing tun @calvintaneng saying soybean oil crossing usd36, we all know that he doesnt understand the agricultural market at all.

for someone giving the wrong price unit quotation, just says volume on his knowledge.

let me teach u some basic in price quotation, soybean oil market on cbot is trading based on the unit of usc/lb.

if drought and the hurricane is such a concern, then why is sbo still below usc38/lb and wti at usd47/bbl?????

ur news is 1 week ago.

really, do u need me to embarrass u every now and then????

@ks55,

mount austin area maybe a property hot spot.

but if u venture further beyond to eco spring area, there r still plenty of unsold units. in fact, jb property market is in an oversupply glut with discounts being offered to new buyers. works out that the price on offer now is at the 2013/14 level.

@goldentriangle,

u shld be asking if klci can climb above 1800, not above 1780.

what u said remind me of a story in which a joker fund manager told me to buy mui @ 50c abt 10 yrs ago.

i only bought 100 shares for rm50 and now is worth only rm18.

i bought 100000 shares iris for rm12500 in 2007 and sold off @ rm60k in 2012.

so who is the smarter investor????

@mxlitfly,

not playing contra with ambank.

hard to play contra with index stocks since movement % seldom huge enough to make money.

@apanama,

today is supposed to be rebound day for ambank if fat boy kim is not finger itchy.

make me lose 10c/share today.

@juniorR,

asset valuation is only an accounting number, do u think they can fetch such as number when the assets go onto the market???

secondly, the only theme that parkson can play on now is either a privatization or takeover theme. otherwise, there is no hope for a turnaround since it is badly mauled in china by wechat/alibaba/taobao.

do u even know what is a bonus issue??? what parkson gave is a dividend-in-specie and for a shareholder, it is not a very attractive way of being rewarded unless the company is a growing one.

r u joking that ttb has not lost money on parkson?????

his investment on parkson is now basically a write-off with almost 60% or more paper loss after 10 yrs. so what is the difference????

chief joker ttb holding cash since 2010 means he has been missing at least 1 upcycle. what is the use of him outperforming the klci since icap's price is at a discount to its nav????

@meiling0809,

now i confirm u dont know what is called investing/trading.

if u know what is called investing/trading, u will know what to buy in times like this.

@juniorR,

what do u think of a stock dropping from rm10 to rm0.55 in ard 10 yrs????

there is no stock split and bonus issue in this time period for any stock price adjustment.

have a look at chief joker ttb and see how much he lost on parkson for his icap fund in these 10 yrs.

use common sense and u know parkson is dead.

@emil,

of cos robert can make money when sugar is a virtual monopoly for a few.

in the 1980s, the cost structure is something like this:

imagine buying raw sugar at ard 30usc/kg, then plus another 15usc for ship and refine for a total of 45usc/kg. now with forex of 2.25, the rm cost is 1.02 while the retail price back then is ard rm1.5

so anyone can make money under this scenario of low volatility in raw materials cost and high fixed retailing price.

maybe time for me to look at it since everyone suddenly turn negative.

early this mth, i m negative and now pending further research, i may turn neutral at the rite price.

relaz ks55.

u alrdy gave parkson supporters enough warning.

my logic is even simpler without looking at financials, i know parkson is a dead stock becos of alibaba/wechat commerce.

common sense, dont even need basic accounting.

but still have alot of chief joker ttb's followers here. so no point waking them up.

alrdy gave warning that steel counters r not safe to hold after the run-up, yet still have supporters entering.

those who r holding southern steel and ann joo r in better position than those with lion ind.

@albukhary,

if u r familiar with agricultural land transactions, then u shld know that it is not a done deal, even when an s&p is signed.

the deal is on loi basis, so no in-depth on-site survey has been conducted.

only after an s&p with t&cs signed, can an extensive on-site survey be conducted by a buyer.

so i m a bit skeptical of ur claim that it is a 99% done deal.

as long as the hill not too steep, can always plant rubber trees.

so not total loss unless the land is environmentally degraded.

my logic very simple.

i remember chief joker icap's ttb promoted the stock when it was ard 40c and went quiet shortly afterwards.

since then, i figured out either i buy the counters that he get out early or counters that he promoted but didnt touch such as cocoaland.

best examples of selling out too early r hai-o, petdag, uplant and umw

he only got 2 golden hits of padini and pie in his icap's 11 yrs life.

his misses r mieco, tong herr, poh kong and of cos parkson.

@nikicheong,

go visit parkson shanghai and do a market comparison.

u will find that parkson's biz model of 'subletting' retail space to high-end brands doesnt work anymore.

the high-end brands now basically have their own outlets.

@boomboomchak,

do u even know the definition of a falling knife in the stock market when u said ambank is a falling knife????

reminds me of a fund manager who told me mui was a buy @ 50c in 2007.

true, but it is not a number that inspire much confidence in their turnaround plan.

i dont actually read analyst reports.

for me, basic sense prevails.

if maybank, cimb, pbank, hlb have alrdy run and ceteris paribus, undervalued banks such as rhb and ambank will have to catch up.

@cruger12345,

an operating profit of rm8.3m out of a revenue of rm1.07bln or a margin of 0.8% is hardly any improvement.

when parkson start posting an operating margin of 3%, then will it be considered as a successful turnaround.

hopefully u dont have a lot of capital trapped in dutaland for that 3 yrs.

but on the bright side, u learn a market lesson as well.

i always learn from the mistakes i made in trading and try to refine further.

especially important if u r trading own funds.

@stock kingdom,

i m waiting for parkson to delist.

yup.

if want to play counters like dutaland, either one has inside info or must be very lucky.

if based on fundamentals, lion-related counters shld be delisting very soon.

by some of the comments here, can tell who is a successful investor/trader and who is not.

very simple logic for me.

it is a bank and being an important part of the financial system, any dip is a good buying opportunity.

going by his style, no 86c he will not sell.

he has been promoting since 2014, almost 4 yrs stuck at 43-45c and no dividends.

@thecontrarian,

got mui promotion as well here.