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
Subscribe to:
Posts (Atom)