Thursday, October 16, 2014

We're Back

We're back at 7k but how long would it stay there?

The index plunge was scary but after a couple of days it's back to where it should belong (just for now). I sold FPH @91+ and bought DMC @ 14+. I also bought a couple of COAL - bad decision, as of today it's 1.09. 

I know a lot of Tsupiteros are smiling now. After seeing red on their portfolios. They're back in business. Gurus are now probably pumped up. Just be careful - do not just follow their recommendations. A some sort due diligence is a must. You know, 'been there done that' thing - or should I say, I was burned before.

I known DMC since its price is 4+. I lost the opportunity of having my 4 pesos turned into 78 pesos. Not this time. I surely will hold it a little longer - just what I am doing with my prized stock, BLOOM. Hopefully the Luneta controversy will not pull down its current valuation (just kidding).

No comments: