I think PSE has a good start for 2011. I believe we will have a good market this year. Of course, there will be correction along the way as other healthy market does. If you are not risk savvy investor - it is time to accumulate on weakness and do some medium or long term tradings. Doing that will give a higher return instead of being a Tsupitero. But if you want excitement - then by all means, day trade. I know how exciting it is to be a Tsupitero. Especially, when you see your portfolio in green and earn thousand of pesos in just a couple of days. The downside is when you put your money in a wrong stocks and was not able to get out because your brain doesn't agree with you. When your stubborn self is hoping for a rally that you know will never come. When you are down 50% and agree with me that you should long instead. But if you learn from it - then you are still not a loser (almost). It is better to lose 50% of your portfolio and still have the guts to stand up and do better instead of losing 5% and accept the defeat. I think - trading is like learning how to walk. Most of the time you make a wrong turn and smack your head a little but as you grow up you learn to veer away from it. As they said - it is better to stumbled down than not to take the first steps.
I still have my AGI and MPI. I added 1,000 shares of MPI today. I can see MPI benefiting from toll increase which will be completed on April this year. 300% will bring a lot of money to MPI.
MPI Acquires Additional Stakes in Citra:
MPI acquires addition stakes in Citra through MPTC which will result in 2.56% ownership of the company. MPI goal is to increase its stake to 33% in Skyway Project. Citra is concession holder for the Metro Manila Skyway Project.
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