increased bio fuel supply in 2007/08, to weigh on margins.We maintain our UNDERWEIGHT stance on Refiners. We see

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1% in 3Q, and we expect full year demand to fade closer to 1%.

Distillate demand is also weak YoY.Demand is slowing; US gasoline demand growth has been below

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Hurricane Dean heading toward key US refining installations,

before changing direction, would have helped sentiment.Hurricane season remains the key swing factor; recent reports of

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that in most cases the 3M relative performance of stocks post a

spike in margins is weak. If a hurricane does hit, and margins (and

oil prices) do spike, it would raise concerns on demand growth.While we can.t predict the course of a hurricane, history suggests

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and earnings upgrades have been strong. Upgrades are likely to

keel over, and performance should follow. Thai Oil, RRC,

Reliance Petroleum, SK Energy, S-Oil, FPCC are key vulnerable

refiners.We believe it is time to exit. Stocks have outperformed in 2007,

By the way, even if you play the stock market just for fun, you should not do it  by 'just whacking anyhow' (ie. anyhow whack)...


DaJieJie (Singaporegal) has been doing it smartly for so long by using a systematic method taught by her 'guru' Larry Williams in the book:

"Long-Term Secrets to Short-Term Trading"


Instead of keeping losing a lot of money in the market by just 'whacking' on any stock, why not do it smartly? ...

And Amazons is a super smart way to order the book to arrive at your doorstep without you wasting petrol, wasting time and wasting your personal energies... (and then maybe it's out of stock when you arrive there at last!)...