Select text using keyboard only I know how to select text (in a view) using the touch screen.

Is it possible to do the same via keyboard only?

If possible, please provide a way to do this on the emulator (I need this for a programming task).
You can indeed, just hold down the Shift key and move the cursor with the dpad/trackbal/etc.

From the comments:

The center key in the D-Pad activates the two text-selection hands, which can be moved anywhere using the D-Pad directional keys. Then, pressing the D-Pad center key again, copies the selection to the clipboard.