Since the 120-yen level will be another stage for the dollar, players began taking profits
before it reaches that level,'' said Takashi Toyahara, foreign exchange manager at Nomura Trust & Banking Co.
According to the survey, 72 per cent of German investors, 84 per cent of UK investors and 52 per cent of French respondents plan to focus their investment teams more on taking profits
and rebalancing portfolios.
Oil traders were taking profits
after an overnight rally saw US crude prices rise as high as $99.
Louis also induced selling, with some investors taking profits
in recent gainers, briefly pushing down the Dow more than 110 points, they added.
Perhaps because of the increasing availability of broker research on the internet, they are taking profits
and reinvesting rather than following the herd.
First of all, there is evidence that the early, more aggressive hands among foreign investors are taking profits
, and this is nowhere more apparent than in the sell-off of the banks.
Analysts said many investors thought share prices on both sides of the Atlantic had run ahead of themselves and were taking profits
or keeping cash on the sidelines.
Irish budget airline Ryanair has had a huge 45 per cent boost in Scots passengers - taking profits
to a record high.
She sold enough stock to cover her son's education bills, effectively taking profits
off the table and putting them to good use.
Those who seek to criticise the one-off French market for somehow taking profits
away from existing outlets are missing the point.
The drop in prices was also spurred by traders taking profits
after wheat prices had hit their highest levels in four years.
Similarly, if David sees extreme panic buying with a major surge in volume for taking profits
, he may get out of a position.