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So long as have positions in the market, there will also be an element of risk. The longer you hold your position, the higher risk you are exposed.
With good money management, one can reduced the risk exposed.
Actually...
Buying is as dangerous as selling...
Because no one really one knows if it will go up or go down tomorrow...
At most it's only a bet...
Bulls and bears will be both waiting by the side...
and are ready to proclaim, "see... you should have listened to me!" ...
after the event! 
5.55 now. BUY AND LOAD UP before it trends up again.
Why should anyone be 'amazed' at any happening?
Unless one already has certain preconceived ideas... 
Many of us are amazed at the current bullish trend. Here is a report from an analyst who share his perspective on this.
BIG PICTURE
Taking into account the course of action chosen by the various central-banks, I am convinced that the various currencies will continue to depreciate in value against assets. In other words, I expect that the stealth confiscation of savings will continue through inflation. For sure, they may be temporary setbacks or corrections in asset-prices but the major trend is up. Before you disagree with my assessment, take into account the fact that despite an average economic backdrop (sky-high deficits and debt-levels in the developed nations), over the past 4 years, all assets appreciated at the same time! Despite rising interest-rates and geo-political tensions, even property and bond prices managed to stay strong together with equities, commodities and collectibles.
At the beginning of this decade, if I had told you that 7 years later crude oil would be trading above $60 per barrel, gold would be close to $700 per ounce, food prices would be at multi-year highs and the Dow Jones would be trading around 13,500, you would have pronounced me crazy! However, this is exactly what has happened and there is nothing in the works to suggest that this major trend is about to change in the near future. In other words, I anticipate that barring short or medium-term corrections, asset-prices will continue to trend higher in nominal terms UNLESS the central-banks change their expansionary monetary policies and decide to rapidly raise interest-rates. In all likelihood, this scenario may not unfold for a few more years and until such time, investors should be able to protect their savings through the returns generated from the capital markets.
? Cash is trash! Today, currencies continue to perform their function as a medium of exchange, but they certainly aren?t a genuine store of value; or a guardian of purchasing power. Thanks to the ongoing unprecedented money-supply and credit growth (inflation) on a global scale, currencies have stopped fulfilling this crucial function; thereby robbing the masses of their hard-earned savings. In this highly inflationary world where more or less everything is in a bull-market (at least when measured against various currencies), the only ?asset? that is in the bear?s lair is central-bank produced paper ?money?. Figure 1 clearly highlights the fact that the major world currencies have lost between 25% and 75% of their purchasing power through inflation since 1980! For this system to work however, this solitary bear-market in ?money? must remain concealed from the public for the fear that the masses may stop accepting these currencies as a medium of exchange. In order to proliferate this fraud, the officials keep up with the ?inflation-fighting? propaganda through their totally bogus and meaningless ?inflation? figures which are constantly spewed out by the media.
Moving up again but barrier at $5.85. Need some push factors to break that.
As mentioned, the gap at $5.60-$5.65 needs to be closed before SPC can move forward. OK, now it is closed. We shall see price going forward now. $6.00 is very near now.
nearing last 10mins big lots selldown @ 5.70, 5.65, 5.600
QUOTES:
Australia's Santos Ltd, the operator of the Oyong oil field off Indonesia, has told Singapore Petroleum Co Ltd (SPC), which has a stake in the field, that production of the first oil from Oyong has been postponed, SPC said.
"This is mainly due to delays in the procurement of equipment in the current tight engineering, procurement, and construction services market," SPC said in a written statement. The first oil was originally due to begin flowing from Oyong late this month.
SPC has a stake of 40 pct in the field, held through unit Singapore Petroleum Sampang Ltd.
SPC also said drilling was set to start at the site of the Pancing-1X well off Indonesia, which is part of the Kakap production sharing contract. SPC, through its unit, has a stake of 15 pct in the project.
"The well is anticipated to reach a true vertical depth of 3,962 meters subsea, and is expected to take approximately 43 days to drill," the company said.
dear Fairygal, Herr Eastonbay... yes folks, just back... you know what.. this time I got to see Mt Kilimanjaro..
my dear fraulein Fairygal... i assume you had a wonderful time with your family... how's the sound of music in the hills..? took pics?
First oil production at Indonesia's Oyong field - in which Singapore Petroleum Company (SPC) has a 40% stake - has been further delayed to 3Q, the field's Australian operator Santos announced yesterday. SPC has not been officially informed of the glitch, although sources said they had been earlier alerted to some possible delays due to contracting problems with the FPSO (floating production, storage, offloading) vessel.
cks,
Africa again? Something to do with emerging markets huh?
cks: you are back, from Africa?
if it really should go down, than it is time for me to pick up more stocks.... pah si4 boh3 cao4...
OIL down. DOW down. SPC down!
Oil slumps nearly $2 on U.S. stockpile surprise
Updated: 11:46 a.m. ET June 20, 2007
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By Santosh Menon
LONDON (Reuters) - Oil fell nearly $2 a barrel on Wednesday after a U.S. government report showed larger-than-expected increases in crude and gasoline stockpiles in the world's biggest consumer.
The U.S. Energy Information Administration said crude stocks rose by 6.9 million barrels last week, well over the 100,000 barrels forecast by analysts. Gasoline stocks were up 1.8 million barrels, almost double the market forecast.
"The completely unexpected build in crude stocks is the surprise of the day. And it is very bearish," said Tim Evans, analyst at Citigroup Global Markets.
Brent <LCOc1> crude was down $1.76 at $70.10 by 1537 GMT. It has rallied to a 10-month high of $72.25 on Monday on worries of disruption of supplies from Nigeria, the world's eighth biggest exporter.
U.S. crude was down $1.46 at $67.64.
Oil was down earlier after a general strike in Nigeria had yet to affect oil shipments from Africa's top exporter, although fears arose later the strike could soon start to bite.
Unions spared oil production and exports on the first day of the indefinite strike, but threatened to withdraw key staff of sector regulator, the Department of Petroleum Resources (DPR), from oilfields and export terminals by midnight on Wednesday.
"Between now and 12 midnight, we will withdraw our members from all DPR locations, including oil export terminals," Mohammed Saidu, branch chairman of the PENGASSAN union in the DPR, told Reuters. <nL20904115>
The unions have pressed on with the strike despite a series of concessions offered by President Umaru Yar'Adua, who faces the first major test of his government three weeks after taking office.
UNDERLYING TREND BULLISH
Experts said the underlying factors remained bullish.
"The market is fundamentally very well supported," said Mike Wittner, global head of Energy Market Research at investment bank Calyon.
"Gasoline remains a big driver (and) gasoline in the U.S. remains tight. Going forward, the fundamentals remain well supported, especially with OPEC and Saudi Arabia not increasing production. Meanwhile there are a lot of geopolitical risks out these, as well as hurricane season coming up," he added.
Credit Suisse analysts said the oil price outlook was "tight" in the second half of 2007, supported by supply problems and ongoing demand growth.
"OPEC need to increase oil output and spare capacity looks tightly held in Saudi Arabia and Kuwait. Were OPEC to keep output unchanged, inventories would fall in the second half of 2007 and hurricane worries will inevitably resurface from August onwards," analysts at the bank said in a research note.
(Additional reporting by Neil Chatterjee in Singapore)
delay delay delay. july august september.
Sampang PSC
The operator of the Sampang Production Sharing Contract ("Sampang PSC"), Santos Limited has advised that first oil production from the Oyong field previously targeted for late June 2007, has been delayed. This is mainly due to delays in the procurement of equipment in the current tight engineering, procurement and construction services market. This equipment is to be used in the conversion of the Oyong production barge. Further updates on the Oyong production will be provided when these become available.
1402, possibility. I will not be looking at SPC today, SPH is more interesting! Cheers.
your showhand means take profit?
