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
  



(Tuesday) As of 21 Dec 2010
FOREIGN BUYING    - Php 2,305,819,309.90
FOREIGN SELLING  - Php 2,312,880,949.40

(Monday) As of 20 Dec 2010
FOREIGN BUYING    - Php 2,329,495,142.80
FOREIGN SELLING  - Php 2,397,374,446.80

 

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