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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