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.

As of 30 Nov 2010
Foreign Buying - 5,678,079,386.54
Foreign Selling - 5,055,471,487,36

US Black Friday and Philipines Long Holiday

It is nice that sometimes you got an opportunity to spend time with your family. It is almonst December and it is a good time spending some money I saved and portion of what I earned from my tradings this year (mainly due to discounts).

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?

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 :-)

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

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

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

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

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.

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!

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):

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

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

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

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 ;-)

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 am happy that my MPI is green today as I got loads of them! It is such a happy day for all Tsupiteros who bought this stock yesterday at the bottom. It is a combined forces of ATR Securities and CLSA Philippines that push up the price. More than 25M! Citisec also bought more than 5M shares. I think it is one of Tsupiteros favorite stocks nowadays. According to my colleague who attended TradersPizza's seminar - JAP also advising attendees to buy this stock because it is cheap compare to other companies in the same industry. I too believed that.


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



+++

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

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