Mumbai Blast

Yesterday (November 27) there was a terrorist attack in Mumbai, India. More than 100 people died as a result of this attack. The event did not affect trading in US although a lot of American are doing business in India.

Today at PSE, stocks are a bit lower, I don't know if it is an after effect of this attack. PSE gain for the past 4 days due to Wall Street rally as goverment news of bailout on car industry and bargain stock buying. I hope the rally would continue until January next year.

As for stock buying, I think waiting until February next year will be a good idea. The market is not yet stable and it will catch up around April next year [based on my fearless forecast :) ]


http://ultiref.blogspot.com

Citigroup Rescued?

It is another good news that federal goverment injected billions to ailing citigroup. The news pushed up stocks for a few days now. Still it is not enough to save the whole company. They are now planning to sell some of their subsidiaries like the wealth management. It is not a good news to us, filipinos but that's how things are, some times we hit the bottom.


http://ultiref.blogspot.com/

MEGAWORLD Shares

I am banking on MEG shares. 'Bought 40K shares initially but will be buying until end of next year. I am in long term trading, hopefully I made the right decision.

I bought its shares because I believe MEG has a lot of potential to be one of the best company here in the Philippines like Ayala :). If you happen to go to The Fort, you'll know what I am talking :).