Its been a very slow half week, gang. All due to uncertainty, I reckon. Nobody knows if the recession is easing up or likely to get worse.

How can anyone make a reasonable guess, when you consider how many countries are involved? Nearly all of them. We cant keep track of em all.

The oil price has a big effect on things. It made a surge a few weeks back. And popular choices like BG and B P rose accordingly. But then the price fell back on profit taking by the big speculators, I should think and the price dribbled backwards again.

Oil shares are back up a bit today. And that is jolly good. But until the recession really starts to recede, then oil prices will only rise on speculation, not demand. And that will lead to big falls and rises in oil companies.

Not that volatility should scare us too much, gang. If your timing is right you can still make good money wheeling and dealing oil shares on a fast turn around.

I am too lazy to do much of that these days. But it should be fairly easy to buy on the dips and sell on the surges. Of course, thats very easy to say, because at the end of a surge nobody feels like selling in case said surge inst quite dead.

However, a share which has experienced a goodly leap in these dark days, can reasonably be expected to correct itself downwards.

And even if the share prices rises after your sell, well, you made a profit. So no sense in being greedy. In fact, being too anxious to hang onto a winning share can sometimes be as unprofitable in the long run as failing to sell a loser. Rocking on.