On Target. On Profit taking.....ya...Hehehe....after it rose to above $5.00

Yes, you are right... :)

The first principle in stock market play (call it investing or trading, etc) is to preserve one's capital
to play another day.

But by the very nature of the stock market, it is so very hard to do easily.
Because when the market rises a bit, usually one will not sell... simply because optimism is then widespread.

But there's a good remedy...

ie. Dump when the losses are still small!...

It is as simple as that... all you need is to do it...

Stocks are dicey to buy at any time...

Oil is traded in dollars, and investors had been using it and other commodities to hedge against inflation. But as the dollar began to rebound, investors shifted their money to other investments such as stocks and bonds.

Investor fears about the deterioration in the European economy contributed to the dollar's rebound. Poor economic reports rom the 15-nation euro zone on Friday followed a decision by the European Central Bank a day earlier to hold a key interest rate steady in order to keep cash flowing to the financial industry.

"So much of the buying we saw since last August when oil was trading at $68 a barrel was predicated on a weak dollar," said Peter Beutel, an oil analyst with Cameron Hanover Oil. "As the dollar is gaining now, we're seeing an unwinding of those positions in oil."

"There's no reason why we can't see an unwinding of positions back to the $68 to $79 level," said Beutel. "This market can always go further and faster than anyone will believe."

Oil has fallen more than $32, or nearly 22%, from the record high of $147.27 set July 11

teeth53 tot: Local property prices can still drop, given those (demand) are not around to pick up just yet, alot will take part to risk buying into it while some will take profit d moment when price move up which is enuff to make them richer by a few thousand $$$. The trick is when demand is low...buy, then sell for whatever price may have move up when demand is high. Profit this day may not be great. Pls note Nov07 slide & now.....

Glad U wait...Ya. Drop seen steep, >4% for today after 2pm , personnal opinion oni, there'll be some buying support, yet players will sell into strength....whenever it hit >$5/- V.short term oni.

$4.95 fail to find it support & most traded done at >$5/-, highest Vol within 5 day trading days

(May08-Peak $7/-, $6.50 got to wait for year end -window dressing, just sharing my tot) 

teeth53      ( Date: 08-Aug-2008 19:03) Posted: Bargaining hunting time, don't expect ppl's to buy into it just yet, losses is too great for players as they will always be selling into strength and some shorting done as well as to cover it back...the drop seen steep..from $5.10 to $4.86, guess it testing time $4.68...?, just sharing my tot. Last Trade: 4.86 SGD Trade Time: 5:05PM SGT Change:  0.24 (4.71%) Prev Close: 5.10 Open: 5.04 winsontkl      ( Date: 05-Aug-2008 22:02) Posted: ilovebull, for the near term it seems not so bullish leh....but support line at $5 will be tested again...will it hold???? Anybody guess...think will hold back buying for the moment since it has rebound to $5.28....

Bargaining hunting time, don't expect ppl's to buy into it just yet, losses is too great for players as they will always be selling into strength and some shorting done as well as to cover it back...the drop seen steep..from $5.10 to $4.86, guess it testing time $4.68...?, just sharing my tot.

Last Trade:	4.86 SGD
Trade Time:	5:05PM SGT
Change:	0.24 (4.71%)
Prev Close:	5.10
Open:	5.04