Maguindanao Massacre

I am joining those who condemn this brutal act! Violence is no place in a country like ours! I just hope that those who perpetrated this crime will be harshly punished!

"Neanderthal Brutality" - Miriam Santiago

Economic Outlook

It seems not a good time to bet on the market right now. Typhoons are now battering the country. NEDA said that it will drag down economic activities of around 1%. Not a good sign.
Ondoy really did ruin some part of the country, especially NCR. Indonesia was racked by intensity 8 earthquake and Samoan islands was hit by tsunami.
These events would impact the economic activities not only here but abroad. U.S. indeces are now showing signs of weakness. As of 02 Oct 2009 - all of them are red.

In PSE, I think there will be short reaction that we will see in the market as investor will do a "wait and see" attitude again. So, if I would be in the market and have a good value stocks, I will wait for another bull run which I can see to start again around early November this year. If I have "third line" stocks, I will sell them righ away!

Current Portfolio

I am holding EDC and MEG.

I think I got lucky in EDC as I bought it at 4.3 level and now it's playing between 4.45 to 4.7. My plan is to hold this stock until December or when I think I should sell them. I am not fearful yet as I know it will eventually break 4.9. EDC is the largest producer of renewable energy in the Philippines. This is a value stock as far as I know.

MEG is holding to its resistance of around 1.48. I am not yet concern on its capability to give me some profit as it has a good future earning potentials. I am planning to sell it around 1.8 - 2.0 :).

Oh, I forgot. I got a miniscule shares of CMT :) Hehehe.

Daily Tradings (2008-2009)

[02 December 2009]

I have an ISM position bought at 0.0625. I tried to sell today at 0.0675 but failed. No worries as I know that this stock will breakout soon. It's not yet oversold but I have a little fear on the MACD. I will be careful though.

My MEG is catching up and my EDC has a good numbers :)

I am dead in ALCO and MPI :) Whaaa!

[27 November 2009]

I have 2 brokers now - BPITrade and CitisecOnline. BPI is for my long term investment while CitiSec is for my "tsupits" stock.

Currently, I am holding ALI and MPI in my Citisec account. I got whipsawed a lot doing tsupita. I really not into day trading but I am learning. Hopefully, someday I will be a good Tsupitero :)

[29 July 2009]

I am still holding my EDC, PAX and FLI shares. Something is telling me to get out of the market but as of now I want to ride the rally. I was burned before. Selling my shares while the market is in a rally. It cost me dearly :). Now, as I realise, I should not sell while there is a rally.

EDC and PAX are down a bit but I am not too worried. People tend to sell when they see a profit (especially the new one) but I believed these stocks will rally again.

Maybe, I will sell some of my stocks on Friday. I really want to get out of the market come August to plan again my next big move!

[27 July 2009]

The bull is alive today! It is a happy time for some traders and tenseful moment for others. I bought FLI and some PAX stocks today. I am bullish on both stocks. FLI is consistently making an uphill turn. PAX is somewhat hesitant. But I have faith to this stock. It will breakout soon!

I am also holding EDC which I bought from 4.3 and 4.4 level. I am just waiting for my target price. Hopefully it will be within this week. I really wanted to release all my stocks at the end of this month and buy again at the end of correction period.

I am new in the market and I am still trying to feel how the market would react during ghost month.

[21 July 2009]

I sold all of my EDC shares today! Got some pretty good profit! I thought it will really push up now but fortunately it lacks some gas. I will wait and see what will happen to this stock. I also sold half of my PCOR shares which I bought last year! I lost a few bucks but better than waiting for this stock to go up. I can use the money instead to buy other stocks.


[1 July 2009]

I was able to sell half of my EDC shares yesterday for a small profit. I just thought of cutting my exposure to this stock as I thought it would not be up today. I still want to see how this stock will consolidate.


[25 June 2009]

Whew!
I was able to sell my PCOR. I lost a bit. No problem though as I know I will get much from my EDC shares.

[18 June 2009]

I've been trading for a year now and still learning. I've done some bad decisions (a lot!) but learned so much in the process (I only got 12% profit YTD - not bad for an amateur though). I started June last year and now it's my anniversary of being a trader (Whew!) . In general, it is not a bad 1 year. I was able to protect my capital and earned a bit. Hopefully I will be more wiser in doing trades these coming years.

I still got EDC shares and some PCOR shares ( I'm not proud about my PCOR :-) ). I am happy to hold EDC as this one is holding up. I am not so sure about PCOR. This is my mistakes which I now know where I got whacked! Basically, it is going to the market without a proper tools. I only used fundamentals and guts (bad, bad, bad). I am basically zero in technical analysis. BIG, BIG mistake (not something to be proud of). Now I gained some basic knowledge but still honing them. This year I pegged my goal to earn 20%. I know this is achievable (think positive). Hell, other guys can make 40%! All I want is just 20%! hehehe.

See, I'm becoming a bull now - not a good idea though... He he he.

[11 June 2009]

I think I got lucky when I bought EDC shares. It is going up. I will get a decent profit if I sell them now. But why rush? I will let myself wait a little while before selling my EDC shares. I also have PCOR shares and half of them I bought last year. I can take profit for the other half but I want to trade the high. Tomorrow, probably I will sell them so that I can buy other shares for short term.

[27 May 2009]

Stocks are up today due to rally in the wall street. My stock positions gained a bit but was not enough for me to decide to sell them. Maybe I should just wait for the market to pickup again. Which is not possible as there are positive news on recession.

[21 May 2009]

I did not trade today. I watched Secretary Geithner last night and I thought it would be pull up the market but unfortunately it did not. I am just fortunate enough that my stocks are holding up to their support levels.

Stock Positions:
EDC
PCOR

[20 May 2009]

I bought additional EDC stocks today. The share price is still holding up to its support level. I believed it will break to its resistance level if more positive news keep coming. I did not sell any shares today as I still holding to my PCOR shares. It was down a couple of cents today. But it is still within my comfort level.

Stock Positions:
EDC
PCOR

[19 May 2009]

As expected stocks are up today. Major indeces in the US gained a few points yesterday. India stocks soars due to election results and positive economic reforms.
I bought additional EDC stocks as I think its price will break 3.9 if positive news will continue tomorrow. There will be some reports from US that could push the current positive news. It might be a good idea to hold my PCOR and EDC stocks for awhile.

Stock Positions:
EDC
PCOR

[18 May 2009]

My outstanding shares is down by around 2%. I still have EDC and PCOR shares. I am fortunate enought that EDC is holding to its support level. I gained some points from my PCOR but it still cannot compensate for my loss in EDC.
According to some economist, investors are still waiting for another catalyst that will re-start the two months positive tradings. I just hope that next week we will hear some good news.
On a separate note, I still doesn't know why DMC shares are up last week? Intriguing...

Stock Positions:
EDC
PCOR

[15 May 2009]

I earned around 8% of my DMC positions. I still don't know why its share price goes up. I tried searching the web but found nothing. I think the price will not go up much further but I can be wrong though.

Stock Positions:
EDC
PCOR


[14 May 2009]

I don't know if I can call it newbie mistake... First with MEG. I bought MEG shares at 0.67 and sold them at 0.79. I thought it will not going beyond that price. I was wrong! I hadn't thought of its offering! It will certainly go up to almost 1.0!
Second, I sold my DMC stock today at 5.8. Another big mistake! It climb to 6.3! Maybe I should be very careful next time! I did not think of the volume! Tsk tsk tsk.
I don't know what happened to DMC but I will find out soon why loads of people bought this shares.

Stock Positions:
DMC
EDC
PCOR

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Barack Obama's Inauguration

I watched the inauguration of the elected US president this morning (1AM). It's amazing to see so many people around the world went to capital to take part in this historic moment in American presidency. Obama comes from the minority group (African American) and rise to where he is now through hardwork and some luck. He graduated in Harvard as magna cum laude. He is intelligent, smart and charismatic politician.
Former presidents also attended the event. These presidents, although have differences with each other, went to the event as american. You can see them as they approach each other like friends (you don't see that here in our country).
The inaugural speech, though full of promises, did not affect the plunging market. Investor still in "watch and see" attitude. Stock market still in dismal trading, banking sector in Europe is in shamble (especially, UK banks), bailout funds are not working (yet) as bank still not lending money. Most businesses hopes that Obama will continue pushing federal money to the market (buying bad loans, infusing capital to ailing businesses, etc). Most of them think that this what Obama would do as he has no choice but to "bite the nail".
I've checked PSE as I wanted to buy some MEG stocks. As of today, PSEi dipped a few points. I tried to buy share at around 0.62/share but unfortunately, the price stayed at 0.63/share. Maybe I will try again tomorrow.

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Philippines

Middle East Conflict

I am new in stock market. I read that there are some events that affect stock prices. Is the current conflict will affect the stock market?
According to one site I visited, oil now priced at 47 USD per barrel due to the middle east conflict and Russia tightening its oil production.
Would this conflict affect Philippine stock market prices? I don't know, but let us pray that the conflict end and local market will not be affected.

As of today, stock index is up by 5.4% due to bargain hunting. Blue chips are down of about 48% which I think is a good investment if you are going long.

How long would the crisis last? Financial managers predict until 3rd quarter of this year others think that it would be a long financial crisis especially that the congress think that the 700 billion bailout is not working (so far). Retrenchment of employees are continuous which would definitely affect the consumer spending.

Here in the Philippines, life goes on. People felt the whipped of the financial crisis but we always survive. Let us just tightened our belt a little more.

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