20070810 1103. FKLI dialy chart vindicates the decision not to get caught up with the "long term buying opportunity" advocates. In times like this, preservation of capital is more important rather than dream of riches by 'buying stock for the long term'. I went to a seminar organised by a broker "Investment Outlook 2nd Half 2007" two days ago, and the speaker said something like, "election coming, some positives like projects blah blah". But give credit to him, as he said momentum was down and KLCI targets 1240. That is the way sell side research operates, giving opinions for both side of the market, inconclusive in the end, because their purpose is mainly to get clients to churn commissions for the firm.