I am hesitating and need confirmation because I don't like playing with money.
2006-10-17 12:45:25 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
The future cannot be known, and is therefore uncertain. It's incredible how certain people can be with the unknown.
Go to Yahoo Finance and click on the Dow chart; here's the page. Make sure you're on the Daily chart by clicking on the "1y" (one year) time frame where it says "Range." Here's the link:
http://finance.yahoo.com/q/bc?s=%5EDJI&t=1y&l=on&z=m&q=l&c=
You see the Double Bottom in June and July? Mentally draw a line from the July low, all the way up to present. When this Uptrend line is broken, will be the time to sell your stocks.
2006-10-17 19:16:53 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
It seems that the oil stocks have reached their peak for the moment. It's unlikely that the oil price will fall drastically over the medium term. I suggest that if you see your stock is heading downwards in the next 2 months (i.e. before Christmas) then cash in, and hold the money in a deposit, and think about where you would want to invest during this time. The thing is that interest rates are low so you are'nt going to get a great return in the bank deposit. So you may want to think of other possibilities....hope this helps...
2006-10-17 19:51:41 · answer #2 · answered by jackcal 1 · 0⤊ 0⤋
Yes Oil economy is for a short time period! After Nov 4Th the price will start to drop down and OPEC is reviewing his policy to bring up more oil out of the refinery as Winter is imminent in USA the major consumer of Oil.Go for Option.Term deposit ? Better start your own small biz which will pay you more returns.
2006-10-17 19:55:33 · answer #3 · answered by precede2005 5 · 0⤊ 0⤋
Oil prices will zoom up again, due to crisis in Iran and North Korea. The OPEC are also planning to control the production of oil. Less production and more demands equals oil price hike.
2006-10-17 20:04:33 · answer #4 · answered by Sam X9 5 · 0⤊ 0⤋
If you have stocks and are hesitating, then I strongly recommend you find a good financial advisor. Your bank or a local brokerage will be able to assist you.
My own advice - unless your company's sole assets are in South America, you are good to go for quite some time.
2006-10-17 19:49:02 · answer #5 · answered by Joe Cool 6 · 0⤊ 0⤋
Oil will only continue to go up in price over the long term.
2006-10-17 19:48:19 · answer #6 · answered by Your Best Fiend 6 · 0⤊ 0⤋