I think AGI has a good showing for the last trading day of 2010. With CLSA and UBS on buying spree. Maybe they were touched by holiday spirit. Or maybe because of AGI's decision to dip its hands on the gaming industry (I just don't know why foreign likes gaming business?). It is a joint venture of AGI, Travellers International Hotel Group and Genting Hong Kong Ltd. So, I think Genting will be bringing in the customers and Traveller's will take care of accommodations while AGI is the one counting the money :-)
MPI is also in the green zone today (Almost all the industries except service gained points today). PSEi added 35.32 points to its previous points of 4,163.99 which resulted in its current index of 4,199.31 points - to close the year. At the end - PSEi closed the year with a bang (small bang). This is a good indication of what is coming in 2011. Possibly another prosperous and blessed year. I think I made a good decision to buy bulk of my portfolio this month.
I failed to buy stocks today as I was busy preparing for new year (or my brain is in new year's mode). This is the problem with having this holiday spirit. Sometimes you forget things. Anyway, I can still buy next year - so, why worry?
Tuesday, December 28, 2010
Mining Companies
Mining companies gain the most on this year (2010). Precious metals prices are at all time high. This brings profit to the coffers of these mining companies. Philex and Nickle Asia definitely has a good year. These are the two giants in mining industry. I think next year will still be a profitable year for them as emerging economies like Brazil, India and China will need metals to sustain their infrastructure requirements brought about by economic spike.
Now, the hurdles that these mining companies need to overcome is the threat of NPA attack. This element which tax businesses in mostly rural areas are asking for 15 to 20 million pesos as protection money. According to the report - some mining companies threaten to pullout of the country if this problem will not be resolved by the government. This is definitely a bad thing. This is bad for our country. This is bad for JAP :-)
The government should have a hard look at this decade old problem. It is now time for both parties to come to the table and discuss how to end the conflict which devastated our country for decade now. If it is really for the interest of the people - then, it is a high time for them to work on the common ground and help each other achieve a long lasting peace for our country.I have not read or hear any concrete plan from the government how they will tackle this problem. This is the same on the part of the NPA. I hope this time they will be able to find a common ground to work on.
As the government - I believe that they should be doing more than putting people in government position. If those who are tasked to regulate mining sector are doing their job - then there will be less happy people. We have problems in the past where mining companies did not give just compensation to affected families when their mining companies poisoned our rivers and land. If these government officials are doing their job - I believe there will be no reason for NPA to ask for protection money (they say to give it back to affected communities). If these companies left the country - we Filipinos are the losers here. When the money goes, the jobs goes with them as well.
Oh holiday spirit - you make me emotional.
I did not buy any stocks today. I think I might buy some tomorrow. I still don't know if it is AGI or MPI. Although, I am more keen on buying MPI.
Now, the hurdles that these mining companies need to overcome is the threat of NPA attack. This element which tax businesses in mostly rural areas are asking for 15 to 20 million pesos as protection money. According to the report - some mining companies threaten to pullout of the country if this problem will not be resolved by the government. This is definitely a bad thing. This is bad for our country. This is bad for JAP :-)
The government should have a hard look at this decade old problem. It is now time for both parties to come to the table and discuss how to end the conflict which devastated our country for decade now. If it is really for the interest of the people - then, it is a high time for them to work on the common ground and help each other achieve a long lasting peace for our country.I have not read or hear any concrete plan from the government how they will tackle this problem. This is the same on the part of the NPA. I hope this time they will be able to find a common ground to work on.
As the government - I believe that they should be doing more than putting people in government position. If those who are tasked to regulate mining sector are doing their job - then there will be less happy people. We have problems in the past where mining companies did not give just compensation to affected families when their mining companies poisoned our rivers and land. If these government officials are doing their job - I believe there will be no reason for NPA to ask for protection money (they say to give it back to affected communities). If these companies left the country - we Filipinos are the losers here. When the money goes, the jobs goes with them as well.
Oh holiday spirit - you make me emotional.
I did not buy any stocks today. I think I might buy some tomorrow. I still don't know if it is AGI or MPI. Although, I am more keen on buying MPI.
Monday, December 20, 2010
Enough Money in my Pockets
Christmas is fast approaching... I've got enough money in my pockets - the rest is secured in my portfolio.
I was able to buy AGI and MPI shares yesterday. I posted a buy on MPI today but was not hit. So, I will try again tomorrow. Currently, about 1/3 of my portfolio is in MPI as I believed the upside potential of this stock is high compared to other stocks in its industry. I just hope that next year Manny P. will start buying some of its shares in the market. If that happens, it only means that even the company believes in its potential for growth.
For next year, Toll will be one of the biggest contributor to MPI coffer since it will earn more on the toll increase. Although it is good for MPI - but a bitter pill to those who will be affected.
Maybe, we will see some rally by the militants groups, bus operators, truck operators and businessmen who uses expressway to bring their goods to Manila - but at the end - a bitter pill need to be swallowed.
Another move by Manny P. is the sell of ePLDT to IPVG. I think it is a good decision since this business have little room to grow. Look at the place near you, have you seen a lot of internet cafes? Those are probably owned by people who think this business is still profitable. Maybe, some are still earning - but most of them probably will be closed in a couple of months.
So, goodluck to IPVG.
I read that PX is a good stock to buy - you may want to check this link - http://business.inquirer.net/money/topstories/view/20101220-310099/Philex-Mining-A-value-and-growth-stock
MegaWorld News - Selling 18,000 Units in 2011:
http://www.bworldonline.com/main/content.php?id=23193
FOREIGN SELLING - Php 2,397,374,446.80
I was able to buy AGI and MPI shares yesterday. I posted a buy on MPI today but was not hit. So, I will try again tomorrow. Currently, about 1/3 of my portfolio is in MPI as I believed the upside potential of this stock is high compared to other stocks in its industry. I just hope that next year Manny P. will start buying some of its shares in the market. If that happens, it only means that even the company believes in its potential for growth.
For next year, Toll will be one of the biggest contributor to MPI coffer since it will earn more on the toll increase. Although it is good for MPI - but a bitter pill to those who will be affected.
Maybe, we will see some rally by the militants groups, bus operators, truck operators and businessmen who uses expressway to bring their goods to Manila - but at the end - a bitter pill need to be swallowed.
Another move by Manny P. is the sell of ePLDT to IPVG. I think it is a good decision since this business have little room to grow. Look at the place near you, have you seen a lot of internet cafes? Those are probably owned by people who think this business is still profitable. Maybe, some are still earning - but most of them probably will be closed in a couple of months.
So, goodluck to IPVG.
I read that PX is a good stock to buy - you may want to check this link - http://business.inquirer.net/money/topstories/view/20101220-310099/Philex-Mining-A-value-and-growth-stock
MegaWorld News - Selling 18,000 Units in 2011:
http://www.bworldonline.com/main/content.php?id=23193
(Tuesday) As of 21 Dec 2010
FOREIGN BUYING - Php 2,305,819,309.90
FOREIGN SELLING - Php 2,312,880,949.40
FOREIGN SELLING - Php 2,312,880,949.40
(Monday) As of 20 Dec 2010
FOREIGN BUYING - Php 2,329,495,142.80FOREIGN SELLING - Php 2,397,374,446.80
Wednesday, December 15, 2010
Buying AGI and MPI
I an still in the training and was not able to update my blog until today.
I am positioning still in AGI and MPI. Although AGI is sliding this week but I believe it will be flying next year. My plan is to add more next week. Maybe I will not be buying tomorrow but will only watch where the PSEi is going.
According to some article that I read, index will be going back to 3,700 - 3,800 level first quarter of next year before trending up again to hit 5,000 points!
Today, I bought 2,000 shares of MPI and 1,000 shares of AGI.
As we can see, foreign are in selling mode.
FOREIGN SELLING - Php 2,386,258,652.14
FOREIGN SELLING - Php 2,724,176,539
FOREIGN SELLING - Php 2,261,102,043.19
FOREIGN SELLING - Php 1,384,637,067.13
I am positioning still in AGI and MPI. Although AGI is sliding this week but I believe it will be flying next year. My plan is to add more next week. Maybe I will not be buying tomorrow but will only watch where the PSEi is going.
According to some article that I read, index will be going back to 3,700 - 3,800 level first quarter of next year before trending up again to hit 5,000 points!
Today, I bought 2,000 shares of MPI and 1,000 shares of AGI.
As we can see, foreign are in selling mode.
(Friday) As of 17 Dec 2010
FOREIGN BUYING - Php 1,926,971,669.30FOREIGN SELLING - Php 2,386,258,652.14
(Thursday) As of 16 Dec 2010
FOREIGN BUYING - Php 1,884,339,454FOREIGN SELLING - Php 2,724,176,539
(Wednesday) As of 15 Dec 2010
FOREIGN BUYING - Php 1,439,456,694.1FOREIGN SELLING - Php 2,261,102,043.19
(Tuesday) As of 14 Dec 2010
FOREIGN BUYING - Php 2,305,147,319.16
FOREIGN SELLING - Php 2,581,181,657.22
FOREIGN SELLING - Php 2,581,181,657.22
(Monday) As of 13 Dec 2010
FOREIGN BUYING - Php 1,112,698,074.63FOREIGN SELLING - Php 1,384,637,067.13
Thursday, December 9, 2010
My New Favorite Stocks
I think AGI plan of selling its treasury stocks in block is a good news for investors as it will minimize the impact to its share price. Maybe that is one of the reasons why AGI is still trending up (I just bought 1,000 shares @11.98). I really believe that this stock will 'fly' next year. It is one of foreign favorite stocks.As per Tsupitero - they are setting up this stock for run up.
MPI is still in sideways movement. I added another 2,000 shares today @ 3.51. I still love this stock as it has a lot of upside potential.
So, now I have to favorite stocks - AGI and MPI. What's yours?
As of 10 Dec 2010
FOREIGN BUYING - Php 2,100,212,891.9FOREIGN SELLING - Php 2,927,679,787.73
As of 09 Dec 2010
Foreign Buying -1,671,201,335.70
Foreign Selling -1,895,293,886.10
Tuesday, December 7, 2010
VLL Play
You can really tell when JAP is in the works.
VLL today got volume - 56M. Not bad for this time of year. Maybe JAP need more 'hamonados' for christmas :-). I still have my miniscule shares of VLL. It's the first day of ascent. Maybe I can still sell tomorrow - will see.
I sold my EDC today for coffee money. I will be buying again at the 3rd week of December. I am thinking of AGI instead of EDC. But still I am worried on AGI's plan to sell its treasury stocks. I still have my MPI which is my long position. I will buy additional 8,000 shares before end of this year.
As expected, volume for this month tend to be thin. But what can I say - it is a holiday season!
VLL today got volume - 56M. Not bad for this time of year. Maybe JAP need more 'hamonados' for christmas :-). I still have my miniscule shares of VLL. It's the first day of ascent. Maybe I can still sell tomorrow - will see.
I sold my EDC today for coffee money. I will be buying again at the 3rd week of December. I am thinking of AGI instead of EDC. But still I am worried on AGI's plan to sell its treasury stocks. I still have my MPI which is my long position. I will buy additional 8,000 shares before end of this year.
As expected, volume for this month tend to be thin. But what can I say - it is a holiday season!
As of 08 Dec 2010
Foreign Buying - 2,874,643,491.87
Foreign Selling - 2,770,615,934.17
Monday, December 6, 2010
AGI's Tourism Project
I bought AGI at 12.24 (did I say I expect it to drop to 12-peso level?). The low was 12.06 which I think a very good entry price for short trading.
Now, I am concern on AGI's tourism project. I don't know yet how this would affect the current price. It plans to sell 7 billion common shares from its treasury. I don't know if spreading the sell would minimize the impact on the share price. This 7 billion shares would account for 5.7 percent of the existing common shares in the market. I will be waiting how foreign will react to this development. But for the past 2 days DBP-DAIWA is buying.
Now, I am concern on AGI's tourism project. I don't know yet how this would affect the current price. It plans to sell 7 billion common shares from its treasury. I don't know if spreading the sell would minimize the impact on the share price. This 7 billion shares would account for 5.7 percent of the existing common shares in the market. I will be waiting how foreign will react to this development. But for the past 2 days DBP-DAIWA is buying.
As of 07 Dec 2010
Foreign Buying - 2,900,576,755.70
Foreign Selling - 3,243,339,333.90
Vista Land Facts and Figures
5 Brands:
1. Britanny - sells house and lot from 9M up.
2. Crown Asia - sells house and lot from 3.5M to 9M.
3. Camella Homes - sells house and lot 3.5M and below.
4. Communities Philippines - sells Camella Homes in the provinces.
5. Vista Residences - condominium arm.
1. Britanny - sells house and lot from 9M up.
2. Crown Asia - sells house and lot from 3.5M to 9M.
3. Camella Homes - sells house and lot 3.5M and below.
4. Communities Philippines - sells Camella Homes in the provinces.
5. Vista Residences - condominium arm.
Sunday, December 5, 2010
Hmmmmp.... Where are the Buyers?
I don't like the volume today. It's 'thin' even for those stocks that was up today. It is expected as this is December and people are spending their money to buy christmas presents and also due to profit taking. I did not buy AGI today because I feel it will still slide down to 12-peso level. My EDC, VLL and MPI is green. But I think they will be moving sideways for this month.
I am planning to still fatten up my MPI portfolio. Maybe I will buy at the 3rd week of this month. When people are not 'thinking of stock market' and I am the only one concerned.
Business World:
Vista Land 1 billion common shares to be converted to preferred shares at a par value of 0.01.
Philex Mining hiking 2011 spending to develop new min.
Phina preparing for expansion project next year.
I am planning to still fatten up my MPI portfolio. Maybe I will buy at the 3rd week of this month. When people are not 'thinking of stock market' and I am the only one concerned.
Technical Analysis:
Business World:
Vista Land 1 billion common shares to be converted to preferred shares at a par value of 0.01.
Philex Mining hiking 2011 spending to develop new min.
Phina preparing for expansion project next year.
As of 06 Dec 2010
Foreign Buying - 3,946,425,222.95
Foreign Selling - 3,835,413,177.45
Saturday, December 4, 2010
Clean and Cheap
Eat all you can at 99 pesos only (additional 35 for iced tea)! Food is good although not as many variety as other known restaurants. It is still a fair deal though. Not heavy on pockets. All food are Filipino cuisine, such as, adobo, pork sinigang, sinigang na isda, fried fish, vegetables, tahong, rice, etc. You will surely get your money's worth. The place is along V. Luna road near East Avenue Quezon City.
BTW, for those new to stocks, you may want to check investopediato to get some tutorial on stock trading. I am at SM North Edsa and reading some tutorial on Hedge Fund.
Have you seen, DOW is still green?
BTW, for those new to stocks, you may want to check investopediato to get some tutorial on stock trading. I am at SM North Edsa and reading some tutorial on Hedge Fund.
Have you seen, DOW is still green?
Thursday, December 2, 2010
13th Month Pay
Now I am really smiling :)
My 13th month pay just reflected in my account when I checked this morning. I am tempted to buy new gadget - probably ipod touch 32gb. But I am controlling myself although something in my mind is not agreeing with me. I know it is not wise to spend my hard earned money to something that I would not have much use of but as a music or game player (I am already got an Ipad). I will not be getting all the money though. My wife will have the bigger piece of the pie (I always get around 20%). So, what I will be doing with my share? These are what I am planning to do:
MPI is slowly creeping up and EDC is still holding its space.
***
As I expected, AGI is now in an uptrend mode. It has broken its previous high with volume - 95M! Unfortunately, I sold mine and earned some coffee money. Maybe I should buy again next week. It would definitely correct as it is now in its 3-day gain mode. DBP-DAIWA is the highest buyer. Let hope they will not sell next week. So, I will advice you to please monitor this broker - you would not like buying AGI when it is selling. Next resistance probable would be 13.50.
I still have EDC, MPI and small shares of VLL.
DEUTSCHE is buying EDC and VLL while CLSA is buying MPI. It is always foreign who makes me happy :). JAP got me once and that will be the last.
My 13th month pay just reflected in my account when I checked this morning. I am tempted to buy new gadget - probably ipod touch 32gb. But I am controlling myself although something in my mind is not agreeing with me. I know it is not wise to spend my hard earned money to something that I would not have much use of but as a music or game player (I am already got an Ipad). I will not be getting all the money though. My wife will have the bigger piece of the pie (I always get around 20%). So, what I will be doing with my share? These are what I am planning to do:
- Deposit to my children's account. Probably I'll add 1,000 pesos for each of the account. I have 3 children. So, that would mean 3,000 for all of them.
- Buy my youngest a bike. She likes bike - sometimes. Or maybe I will deposit the money to her account and only buy a bike when we are sure she will like it.
- I will buy polo and probably a running shoes.
- I will save the rest of the money.
MPI is slowly creeping up and EDC is still holding its space.
***
As I expected, AGI is now in an uptrend mode. It has broken its previous high with volume - 95M! Unfortunately, I sold mine and earned some coffee money. Maybe I should buy again next week. It would definitely correct as it is now in its 3-day gain mode. DBP-DAIWA is the highest buyer. Let hope they will not sell next week. So, I will advice you to please monitor this broker - you would not like buying AGI when it is selling. Next resistance probable would be 13.50.
I still have EDC, MPI and small shares of VLL.
DEUTSCHE is buying EDC and VLL while CLSA is buying MPI. It is always foreign who makes me happy :). JAP got me once and that will be the last.
EDC to speed up BacMan rehabilitation:
As of 03 Dec 2010
Foreign Buying - 2,668,777,228.90
Foreign Selling - 2,479,119,456.40
Wednesday, December 1, 2010
Looks Like We're Gonna be Dancing Today!
It's a good day today (not to die)!
I been watching some stocks and they are all green at the opening! Is this a reversal time? I really think so :-)
Let us keep watching.
***
I will try dipping my hands in AGI. I can see breakout for this stock. I will give it till next week :-). 44M shares as of 10.10am. DBP-DAIWA Securities is the highest buyer. Followed by ATR Securities and Tsupiteros!
***
As of 10.10am - not a convincing volume for MPI.
Good volume at the end of the day - 43M shares change hands.
***
I think the gain in PSE today is due to its reaction to EU (good) news. Now EU nations are stepping up to correct its market problems. The EU Central Bank will be buying government debts with US helping via IMF funds. Probably, we will see another rally in a short period as big fund managers will be back into market (but will be very cautious).
I did bought 2,000 shares of AGI. It is the second day of its ascent. So, I will have until tomorrow to take some coffee money.
Lastly, I might be correct when I say that I will be smiling for the rest of the year :)
I been watching some stocks and they are all green at the opening! Is this a reversal time? I really think so :-)
Let us keep watching.
***
I will try dipping my hands in AGI. I can see breakout for this stock. I will give it till next week :-). 44M shares as of 10.10am. DBP-DAIWA Securities is the highest buyer. Followed by ATR Securities and Tsupiteros!
***
As of 10.10am - not a convincing volume for MPI.
Good volume at the end of the day - 43M shares change hands.
***
I think the gain in PSE today is due to its reaction to EU (good) news. Now EU nations are stepping up to correct its market problems. The EU Central Bank will be buying government debts with US helping via IMF funds. Probably, we will see another rally in a short period as big fund managers will be back into market (but will be very cautious).
I did bought 2,000 shares of AGI. It is the second day of its ascent. So, I will have until tomorrow to take some coffee money.
Lastly, I might be correct when I say that I will be smiling for the rest of the year :)
As of 02 Dec 2010
Foreign Buying - 4,329,383,441.94
Foreign Selling - 3,083,019,426.94
Y.E.G.A.
I am not sure if I am beginning to be a better investor. You see, I am buying MPI even though it is sliding down the 'drainage'. Maybe I was so successful in psych-ing myself in believing that MPI is a good investment. To start with, it own hospitals, toll roads, meralco, MWC and now MRT. I still think that the downtrend is due to external factors, such as, European woes and Korean instability.
I tried to get 2,000 shares of MPI but my post was not hit. I will try again tomorrow.
Y.E.G.A means Year End General Assembly (we don't have christmas party!)
Updated (04Dec2010)
My name was called during the raffle as I won second prize. Unfortunately, I left early (damn!), so, they re-raffled it. The prize is a Nokia cellphone 5230 (damn again!).
Updated (04Dec2010)
My name was called during the raffle as I won second prize. Unfortunately, I left early (damn!), so, they re-raffled it. The prize is a Nokia cellphone 5230 (damn again!).
As of 01 Dec 2010
Foreign Buying - 3,211,317,942.30
Foreign Selling - 3,338,051,861.00
Tuesday, November 30, 2010
Ireland 89.4 Billion Dollars EU Bailout
As I said in my previous blog - people in the goverment knows what to do. Here's one of a few examples how recent market crash help people in the goverment realized that they need to help other nation to avoid double-dip recession. Ireland bailout is the nail they need to bite in order to avoid similar problem that may affect other European nations. Let us wait how Portugal and Spain would react to some negative news regarding their economy.
Again, today is not a good day for PSE. Only Service and Mining and Oil is green today. Other industries retreated due to 100 decliners. Again, I managed to add 2,000 shares on my MPI portfolio.
Again, today is not a good day for PSE. Only Service and Mining and Oil is green today. Other industries retreated due to 100 decliners. Again, I managed to add 2,000 shares on my MPI portfolio.
As of 30 Nov 2010
Foreign Buying - 5,678,079,386.54
Foreign Selling - 5,055,471,487,36
Foreign Buying - 5,678,079,386.54
Foreign Selling - 5,055,471,487,36
Saturday, November 27, 2010
US Black Friday and Philipines Long Holiday
I really thought that I'll be negative this year as I lost some profit during the early months of this year. Fortunately, I was saved by JGS. I bought JGS around 18 and sold them at 25! Now I got myself an IPad and a little profit to make me smile for the rest of e year (possibly).
SM is in a 3 day sale until 29 of November. There are lots of discounted items to choose from. I am thinking of buying some Polo shirts but hasn't really made my mind yet. Maybe I still not in a Holiday mood. Maybe my tracings taught me a lesson to think twice before buying things. If it is not a necessity then it can wait until I have excess money. It is like asking yourself - 'do you just like it or you really needed it?'. I think for now, I just like buying which is not a good reason to throw away hard earned money.
As Americans are celebrating Black Friday, I think it will be s good reason for retailers to celebrate. It will be an additional profit for them. I know, investors of those companies are celebrating now. So, do you think SM and URC would be a good buy?
Thursday, November 25, 2010
4,000 Here We Come!
Firstly, I managed to get 2,000 shares of MPI.
Where's PSE is heading? My guess is not in a 'deep blue sea' but rather I believe it is just a correction and needed break (don't just believe me).
We cannot discount also that the downtrend is partly due to Euro crisis, i.e. Ireland banking sector problem, Spain and Portugal deficit issue plus the Korean incident. These things are just indication that we are in the early stage of recovery which is good since it means a good time to buy stocks that will 'fly' 3 to 5 years from now. It is one of the reasons why I am buying MetroPac - MPI.
I got burned by Nickle Asia. Never again I that I will let myself fall victim to BPITrade's Jurassic online trading system! I did not subscribed to IP Converge Data Center's IPO. If I did - I will just get 800(ish) shares anyway. So, I will try to stay away from IPO and focus on my MPI accumulation.
As of 26 Nov 2010
Foreign Buying - 2,071,279,400.63
Foreign Selling - 1,988,925,253.50
Looks like the foreigners are bottom fishing :-)
Where's PSE is heading? My guess is not in a 'deep blue sea' but rather I believe it is just a correction and needed break (don't just believe me).
We cannot discount also that the downtrend is partly due to Euro crisis, i.e. Ireland banking sector problem, Spain and Portugal deficit issue plus the Korean incident. These things are just indication that we are in the early stage of recovery which is good since it means a good time to buy stocks that will 'fly' 3 to 5 years from now. It is one of the reasons why I am buying MetroPac - MPI.
I got burned by Nickle Asia. Never again I that I will let myself fall victim to BPITrade's Jurassic online trading system! I did not subscribed to IP Converge Data Center's IPO. If I did - I will just get 800(ish) shares anyway. So, I will try to stay away from IPO and focus on my MPI accumulation.
As of 26 Nov 2010
Foreign Buying - 2,071,279,400.63
Foreign Selling - 1,988,925,253.50
Looks like the foreigners are bottom fishing :-)
Boring day...
Not really.
I think this is the right time to reflect on how we do our trades. Market is slipping but that should not cause for any worries. It happens all the time. It is a part of the market wave where we should jump in and go with the ascent.
I believe that the problems market are now facing is not as bad as of the last 2 or 3 years where the world economy crumbled. The difference mainly is - people in the government and private sectors knows now what they will need to do. They have been in the worst market conditions. A lot of laws has been enacted to counteract the brunt of any, if there is, market fallout. I think we are in the road to recovery.
Korean posturing, Ireland and China issues are but normal occurrence in the aftermath of any market collapse. For Korea - we know how America operate. If it is not of their best interest, then war in Korea will not happen. I know it is not of their best interest to declare another war when they are still facing problems in Afghanistan and Iraq. It will hit them hard economically.
What about PSE? As expected, the index always reacts to negative news (at least not violently). PSEi is still down. I managed to grab 1,000 shares of MPI at 3.73 though. Hopefully my accumulation will be rewarded after 3 years :-).
Lastly, this should be my blog for 25Nov2010. Happy reading.
As of 25 Nov 2010
Foreign Buying - 2,214,506,847.82
Foreign Selling - 2,310,948,228.02
I think this is the right time to reflect on how we do our trades. Market is slipping but that should not cause for any worries. It happens all the time. It is a part of the market wave where we should jump in and go with the ascent.
I believe that the problems market are now facing is not as bad as of the last 2 or 3 years where the world economy crumbled. The difference mainly is - people in the government and private sectors knows now what they will need to do. They have been in the worst market conditions. A lot of laws has been enacted to counteract the brunt of any, if there is, market fallout. I think we are in the road to recovery.
Korean posturing, Ireland and China issues are but normal occurrence in the aftermath of any market collapse. For Korea - we know how America operate. If it is not of their best interest, then war in Korea will not happen. I know it is not of their best interest to declare another war when they are still facing problems in Afghanistan and Iraq. It will hit them hard economically.
What about PSE? As expected, the index always reacts to negative news (at least not violently). PSEi is still down. I managed to grab 1,000 shares of MPI at 3.73 though. Hopefully my accumulation will be rewarded after 3 years :-).
Lastly, this should be my blog for 25Nov2010. Happy reading.
As of 25 Nov 2010
Foreign Buying - 2,214,506,847.82
Foreign Selling - 2,310,948,228.02
Wednesday, November 24, 2010
Korean War and the Market
Almost hundred artillery shells landed in South Korea fired by North Korea. Two South Korean soldiers died and houses was burned.
This incident coupled with Ireland crisis brought down the market and did not spare PSE. As I am in the training, I have limited time checking the market. It is OK since I will not like 'red' anyway. The only thing I did today was bought 2,000 shares of MPI at 3.79.
As of 24 Nov 2010
Foreign Buying - 1,921,306,868.50
Foreign Selling - 1,963,063,358.73
This incident coupled with Ireland crisis brought down the market and did not spare PSE. As I am in the training, I have limited time checking the market. It is OK since I will not like 'red' anyway. The only thing I did today was bought 2,000 shares of MPI at 3.79.
As of 24 Nov 2010
Foreign Buying - 1,921,306,868.50
Foreign Selling - 1,963,063,358.73
Monday, November 22, 2010
BPITrade*&^%&$%#
I said from my previous blog that I got 800 shares of NIKL from BPITrade. Here is what happened:
1. I subscribed for 5,000 shares.
2. They deducted payment for 5,000 shares from my portfolio last Nov 8 (if I am not mistaken).
3. They only able to allocated 800 shares for me. They returned the fund 3 or 4 days before IPO date.
4. 800 shared did not reflect in my portfolio last 22 November 2010!!!
5. I send an email to them to check if I really have the 800 shares!!!
6. 800 shares reflected in my portfolio today!!! - Too F..... late!!!
As of 23 Nov 2010
Foreign Buying - 2,038,081,979.38
Foreign Selling - 2,668,154,542.56
1. I subscribed for 5,000 shares.
2. They deducted payment for 5,000 shares from my portfolio last Nov 8 (if I am not mistaken).
3. They only able to allocated 800 shares for me. They returned the fund 3 or 4 days before IPO date.
4. 800 shared did not reflect in my portfolio last 22 November 2010!!!
5. I send an email to them to check if I really have the 800 shares!!!
6. 800 shares reflected in my portfolio today!!! - Too F..... late!!!
As of 23 Nov 2010
Foreign Buying - 2,038,081,979.38
Foreign Selling - 2,668,154,542.56
Nickle Asia...Again..
I hate to see IPO price drops when you are expecting it to hit the ceiling! It goes as far as 19+ but retraced back to 16.50! Foreign are selling in the first day! Let us hope those that bought at the bottom would be able to profit tomorrow -(calling JAP). Personally, I think there still steam left for this stock. It would be easier for jockey to push up the price since the price is not as expensive as CebuPac and the closing price is setup for another round tomorrow.
As of 22 Nov 2010
Foreign Buying - 2,648,442,189.00
Foreign Selling - 3,138,617,735.52
As of 22 Nov 2010
Foreign Buying - 2,648,442,189.00
Foreign Selling - 3,138,617,735.52
Sunday, November 21, 2010
Jollibee Facts and Figures
1,953 - total stores worldwide as of September 2010
1,578 - total stores in Philippines
703 - Jollibee stores
404 - Chowking stores
218 - Greenwich stores
215 - Red Ribbon stores
15 - Manong Pepe' stores
375 - Stores overseas
185 - Yonghe King in China
64 - Jollibee (26 US, 20 Vietnam, 11 Brunei
30 - Red Ribbon (all in US)
37 - Chowking (19 US, 15 Dubai)
51 - Hong Zhuang Yuan
So, Manong Pepe is also under Jollibee. I've seen one of their stores in Cubao area along Edsa. I thought it is own by individual not Jollibee. The price of food is cheap and the location is good but I haven't seen the place full of customers. Maybe because I happen to pass by the place early in the morning. I don't know how profitable the store is as I don't have time looking at Jollibee's annual report. Anyone?
***
Updated (03Dec2010)
Jollibee opened 700th store in Baguio city. The outlet is along Harrison road.
Updated (04Dec2010)
Soft opening of 3rd Caffe Ti-Amo branch in Greenbelt 5. Jollibee is targeting to open 10 stores next year.
Caffe Ti-Amo was established in South Korea in 2006 with 269 stores. It serves gelato* and coffee. Jollibee and businesswoman Pamela Tan equally owns the franchise here in the Philippines.
*Gelato - Italian version of ice cream.
1,578 - total stores in Philippines
703 - Jollibee stores
404 - Chowking stores
218 - Greenwich stores
215 - Red Ribbon stores
15 - Manong Pepe' stores
375 - Stores overseas
185 - Yonghe King in China
64 - Jollibee (26 US, 20 Vietnam, 11 Brunei
30 - Red Ribbon (all in US)
37 - Chowking (19 US, 15 Dubai)
51 - Hong Zhuang Yuan
So, Manong Pepe is also under Jollibee. I've seen one of their stores in Cubao area along Edsa. I thought it is own by individual not Jollibee. The price of food is cheap and the location is good but I haven't seen the place full of customers. Maybe because I happen to pass by the place early in the morning. I don't know how profitable the store is as I don't have time looking at Jollibee's annual report. Anyone?
***
Updated (03Dec2010)
Jollibee opened 700th store in Baguio city. The outlet is along Harrison road.
Updated (04Dec2010)
Soft opening of 3rd Caffe Ti-Amo branch in Greenbelt 5. Jollibee is targeting to open 10 stores next year.
Caffe Ti-Amo was established in South Korea in 2006 with 269 stores. It serves gelato* and coffee. Jollibee and businesswoman Pamela Tan equally owns the franchise here in the Philippines.
*Gelato - Italian version of ice cream.
OTC (Nickle Asia)
I wrote regarding Nickle Asia priced at 18 in OTC market. That was from online forums I read. I am not a trading guru. I don't have a very good understanding of what OTC means. I said from my previous blog that I will check its meaning. As promised, here's what I gathered from looking online :-)
From WikiPedia:
"Over-the-counter (OTC) or off-exchange trading is to trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. It is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e., exchanges), such as futures exchanges or stock exchanges."
Tomorrow is Nickle Asia IPO. Hopefully I will get a good profit from my 800 shares (nice one BPITrade) :-). The problem that I am facing really is how will I execute my tradings tomorrow since I will be attending company training the whole day! Maybe I should step out of the room before 9.30 and check the price and post sell. So, how about my plan for day trading Nickle Asia? Hmmmp... How about drinking lots of coffee to have reason going to comfort room? Or maybe using my 3G phone and trades under my desk :-). I just hope our instructor would not mind me...
Good luck to us on Nickle Asia! Go Go Go!
From WikiPedia:
"Over-the-counter (OTC) or off-exchange trading is to trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. It is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e., exchanges), such as futures exchanges or stock exchanges."
Tomorrow is Nickle Asia IPO. Hopefully I will get a good profit from my 800 shares (nice one BPITrade) :-). The problem that I am facing really is how will I execute my tradings tomorrow since I will be attending company training the whole day! Maybe I should step out of the room before 9.30 and check the price and post sell. So, how about my plan for day trading Nickle Asia? Hmmmp... How about drinking lots of coffee to have reason going to comfort room? Or maybe using my 3G phone and trades under my desk :-). I just hope our instructor would not mind me...
Good luck to us on Nickle Asia! Go Go Go!
Thursday, November 18, 2010
What Bad News?
We heard about the problem in Ireland. We heard about the hiking of interest rate in China. We read about political positioning in Europe. These are some of the news that pushed down that stock market.
Today, PSEi added around 82+ points! Biggest gainers are Industrial followed, Mining and Holdings.
EDC and MPI is doing good - 59M and 44M volume of transactions, respectively. I think I bought a very promising stocks :-)
My VLL is a sad story. It shed another 0.04 cent from its previous price. I am thinking of buying at lows to average down.
I am monitoring ORE and BEL. They said that ORE price will be pushed up on the Nickle Asia 1st trading day? Is this true? I am tempted to believe but I am cutting down on risks now. So, I will just watch from the sideline. BEL is another story. It became strong in the middle of the trading period. I checked the chart and it shows that it is in an uptrend mode for a couple of days now - is it because of APC? So, I think it is now due for correction. Maybe, next week. Let's see.
Another trading week - lots of bloodied traders...
As of 19 Nov 2010
Foreign Buying - 3,404,866,559.40
Foreign Selling - 3,039,036,549.50
Foreign are buying (Nov15-19):
Today, PSEi added around 82+ points! Biggest gainers are Industrial followed, Mining and Holdings.
EDC and MPI is doing good - 59M and 44M volume of transactions, respectively. I think I bought a very promising stocks :-)
My VLL is a sad story. It shed another 0.04 cent from its previous price. I am thinking of buying at lows to average down.
I am monitoring ORE and BEL. They said that ORE price will be pushed up on the Nickle Asia 1st trading day? Is this true? I am tempted to believe but I am cutting down on risks now. So, I will just watch from the sideline. BEL is another story. It became strong in the middle of the trading period. I checked the chart and it shows that it is in an uptrend mode for a couple of days now - is it because of APC? So, I think it is now due for correction. Maybe, next week. Let's see.
Another trading week - lots of bloodied traders...
As of 19 Nov 2010
Foreign Buying - 3,404,866,559.40
Foreign Selling - 3,039,036,549.50
Foreign are buying (Nov15-19):
Wednesday, November 17, 2010
It's Looking Good...
Now it's EDC and MPI who is green today!
VLL is in the red zone...pity... pity...
I am feeling a bit frustrated today. I thought that I was able to get 5,000 of Nickle Asia but it turns out my allocation is just 800 shares (what happened BPI?)! They deducted the full amount from my trading account last Nov 8. So, I thought I will get the 5,000 but I learned yesterday that I only got 800!
Am I still lucky? I don't know? I read from TradersPizza that some of the guys there were not able to get allocation from their broker...pity...pity...
So, what 800 shares can give me? Maybe 5K on Nov 22? I should be happy with that :-)
I also planning to day trade Nickle Asia on day 1. I don't know if it is a good idea or not.
What do you think?
Anyone, how can I buy shares from OTC? Thanks!
EDC News:
EDC income rises 4-fold to P7.58B in 9 months.
As of 18 Nov 2010
Foreign Buying - 2,781,622,490.2
Foreign Selling - 2,834,538,912.35
VLL is in the red zone...pity... pity...
I am feeling a bit frustrated today. I thought that I was able to get 5,000 of Nickle Asia but it turns out my allocation is just 800 shares (what happened BPI?)! They deducted the full amount from my trading account last Nov 8. So, I thought I will get the 5,000 but I learned yesterday that I only got 800!
Am I still lucky? I don't know? I read from TradersPizza that some of the guys there were not able to get allocation from their broker...pity...pity...
So, what 800 shares can give me? Maybe 5K on Nov 22? I should be happy with that :-)
I also planning to day trade Nickle Asia on day 1. I don't know if it is a good idea or not.
What do you think?
Anyone, how can I buy shares from OTC? Thanks!
EDC News:
EDC income rises 4-fold to P7.58B in 9 months.
As of 18 Nov 2010
Foreign Buying - 2,781,622,490.2
Foreign Selling - 2,834,538,912.35
Bloodbath Continues...
It is a good day today - at least to all bargain hunters. Luckily for me I was not 100% invested in the market. I was able to put some of my money in Nickle Asia IPO which according to rumor is now worth 18 pesos per share in over-the-counter (what is over-the-counter btw? - will be checking the meaning of this today). Fearless forecast of TP guru is 22 pesos on the opening :-).
According to news the downtrend is due to China raising its interest rate and market turmoil in Europe. Maybe its time to lighten up my portfolio more and wait for market correction.
MPI and EDC are red but VLL is green today. VLL opened at 3.25 and closed at 3.26. Just a mere 0.01 cent...
As of 17 Nov 2010
Foreign Buying - 2,812,626,562.40
Foreign Selling -3,080,346,669.60
According to news the downtrend is due to China raising its interest rate and market turmoil in Europe. Maybe its time to lighten up my portfolio more and wait for market correction.
MPI and EDC are red but VLL is green today. VLL opened at 3.25 and closed at 3.26. Just a mere 0.01 cent...
As of 17 Nov 2010
Foreign Buying - 2,812,626,562.40
Foreign Selling -3,080,346,669.60
Tuesday, November 16, 2010
Alliance Global (AGI) 63 Percent Surge in Net Profit
Tycoon Andrew Tan's Alliance Global Inc. expanded it's nine- month consolidated net profit attributable to parent equity holders by 63% to 5.39 billion from a year ago on robust real estate, tourism and consumer businesses. - Philippine Daily Inquirer
Metro Pacific Investment (MPI) Buys Sobprepena Stake in MRT
MPI Corporation has gain a foothold in the mass transportation business with a deal to take over the 29 percent stake of the Sobrpenas Fil-State Corp. In MRT 3, which operates Metro Manila's business elevated railway on Edsa. - Philippine Daily Inquirer
Sunday, November 14, 2010
Green Day
My portfolio is green today!
- MPI is green
- EDC is green
- VLL is green
Thanks bargain hunters :-)
MPI highest buyers are:
- CLSA PHILIPPI
- FIRST METRO SECURITIES
- GOLDSTAR SECURITES
- PHILIPPINE EQUITY PRTN
EDC highest buyers are:
- JPMORGAN SECURITIES
- CLSA PHILIPPINES
- DBP-DAIWA SECURITIES
- UBS SECURITIES
- DEUTSCHE REGIS PARTNERS
VLL highest buyers are:
- UBS SECURITIES
- DEUTSCHE REGIS PARTNERS
- PHILIPPINE EQUITY PRTN
EDC new business scope (from CITISECONLINE)
In its amended articles of incorporation, publicly-listed Energy Development Corporation (EDC) has retained its widened prospective business engagements to various industries, including acquisitions of refineries. The firm’s new business scope had been heedful though of the originally planned ventures thought out by its framers when it was first incorporated in 1978. As disclosed to the Philippine Stock Exchange (PSE), the primary business that the company can engage in would still be geothermal steam exploration and development; and to utilize it for power generation businesses. Apart from the geothermal facilities currently under its sleeve, the Lopez-controlled company is also into hydropower generation with its stake in the Pantabangan-Masiway plants; which is aligned with its incorporation’s leverage allowing it to go into operations of water systems or water supply for various end-uses, including power generation. The secondary purposes have been as wide and varied that the company can engage into, aside from the ones already specified, real estate; transport and tankering of products as well as trading of particular goods and services; and even pipeline operations. In the amended articles of incorporation, the major changes integrated have been the company’s corporate name from “Energy Development (EDC) Corporation” to Energy Development Corporation and on the company’s by-laws. While its business ventures may run extensive and wide-ranging, there have been no assertions from the company yet if there are plans of diversifying its portfolio in other sectors in the future. |
As of 15 Nov 2010
Foreign Buying - 2,771,694,683.50
Foreign Selling - 2,873,254,172.63
8th Title for Manny
Congressman Manny Pacquiao did it again!
This time against Antonio Margarito who is taller and heavier than him! His win today truly cemented his position as pound-for-pound king! The next Muhammad Ali as some analysts are saying. Pacquiao really doesn't have anything to prove unlike the 'talkative' Floyd Mayweather Jr. Maybe he should retire and devout his time to his family and his constituents. It is not nice to see him with a lot of money but cannot enjoy them because of the disease associated with boxing like what happened to Ali and Coach Freddy Roach - Alzheimer's disease.
He is already 31 (younger than me - tsk tsk tsk), it is time for him to enjoy his hard earned money.
Of course with Manny's win - Chavit is very happy again :-)
As team Pacquiao is enjoying the win, I don't know if we will enjoy PSE tomorrow. I hope that the market will bounce off from its downtrend and regain the lost points. All my portfolio is down but I am not YET worried ;-)
Thursday, November 11, 2010
Sliver of Hope
Is it the end of the red days? Is this the end of the correction stage? Is it the end of the consolidation phase? Let us hope and pray...
I also believed that MPI has a lot of potential to be one of the best company here in Philippines. It got power distribution, water distribution, hospitals, toll roads and ABC 5? These businesses boosted MPI January to September core net income to 2.94B which in turns made them decide to re-calibrate this year earnings from 3.3B (originally 3B) to 3.5B! That's a lot of money! Let us see how Manny Pangilinan move his company to earn more next year - maybe buy more PLDT shares?
Earnings breakdown:
1. Maynilad Water Services, Inc. - 1.8B
2. Metro Pacific Tollways Corporation - 1.1 B
3. Meralco - 1.8B
4. Hospital - 125M
EDC and VLL is not a good news as of today. It is still in the red zone.... sadly....
I just hope it will recover soon. I want to transfer my fund to AGI which is quite promising. It is one of foreign favorite stocks. I think I can sleep well knowing that I invested my money in AGI instead of EDC and VLL. Oh well, it is a risky world out there....
As of 12 Nov 2010
Foreign Buying - 2,292,637,001.37
Foreign Selling - 2,182,559,908.27
+++
Wednesday, November 10, 2010
Nickel Asia and My Portfolio
I was able to subscribe 5,000 shares of Nickle Asia from my BPI Trade account. This is the first time that I will be buying IPO shares. Hopefully I will get some profit out of it.
Plans? I am thinking of selling half of the shares on the first trading day and sell the rest the next day. This way, I can cover my loss if the price goes down or gain more profit if the price goes up.
With 15 a piece, I think it would be easier for the Jockeys out there to push up the price to 30! BTW, is SB Securities associated to JAP?
Currently, I got EDC, MPI and VLL. They are all red today :-(
I will try to cost average on MPI since it is my retirement stock. I think I will get a good return from this stock in 3 years (Please Manny P...)
Nickel Asia Web Site - http://www.nickelasia.com/
IPO News:
http://www.abs-cbnnews.com/business/11/08/10/nickel-asia-ipo-priced-raise-107-m
http://www.bworldonline.com/main/content.php?id=19963
http://www.ifrasia.com/equities-nickel-asia-ipo-priced-at-ps15-per-share/612927.article
As of 11 Nov 2010
Foreign Buying - Php 3,931,193,050.84
Foreign Selling - Php 4,315,537,657.59
As of 10 Nov 2010
Foreign Buying - Php 3,525,238,140.88
Foreign Selling - Php 3,663,989,553.18
+++
Plans? I am thinking of selling half of the shares on the first trading day and sell the rest the next day. This way, I can cover my loss if the price goes down or gain more profit if the price goes up.
With 15 a piece, I think it would be easier for the Jockeys out there to push up the price to 30! BTW, is SB Securities associated to JAP?
Currently, I got EDC, MPI and VLL. They are all red today :-(
I will try to cost average on MPI since it is my retirement stock. I think I will get a good return from this stock in 3 years (Please Manny P...)
Nickel Asia Web Site - http://www.nickelasia.com/
IPO News:
http://www.abs-cbnnews.com/business/11/08/10/nickel-asia-ipo-priced-raise-107-m
http://www.bworldonline.com/main/content.php?id=19963
http://www.ifrasia.com/equities-nickel-asia-ipo-priced-at-ps15-per-share/612927.article
As of 11 Nov 2010
Foreign Buying - Php 3,931,193,050.84
Foreign Selling - Php 4,315,537,657.59
As of 10 Nov 2010
Foreign Buying - Php 3,525,238,140.88
Foreign Selling - Php 3,663,989,553.18
+++
Subscribe to:
Posts (Atom)