Sliver of Hope

Is it the end of the red days? Is this the end of the correction stage? Is it the end of the consolidation phase? Let us hope and pray...

I am happy that my MPI is green today as I got loads of them! It is such a happy day for all Tsupiteros who bought this stock yesterday at the bottom. It is a combined forces of ATR Securities and CLSA Philippines that push up the price. More than 25M! Citisec also bought more than 5M shares. I think it is one of Tsupiteros favorite stocks nowadays. According to my colleague who attended TradersPizza's seminar - JAP also advising attendees to buy this stock because it is cheap compare to other companies in the same industry. I too believed that.


I also believed that MPI has a lot of potential to be one of the best company here in Philippines. It got power distribution, water distribution, hospitals, toll roads and ABC 5? These businesses boosted MPI January to September core net income to 2.94B which in turns made them decide to re-calibrate this year earnings from 3.3B (originally 3B) to 3.5B! That's a lot of money! Let us see how Manny Pangilinan move his company to earn more next year - maybe buy more PLDT shares? 


Earnings breakdown:
1. Maynilad Water Services, Inc. - 1.8B
2. Metro Pacific Tollways Corporation - 1.1 B
3. Meralco - 1.8B
4. Hospital - 125M



EDC and VLL is not a good news as of today. It is still in the red zone.... sadly....
I just hope it will recover soon. I want to transfer my fund to AGI which is quite promising. It is one of foreign favorite stocks. I think I can sleep well knowing that I invested my money in AGI instead of EDC and VLL. Oh well, it is a risky  world out there....


As of 12 Nov 2010
Foreign Buying - 2,292,637,001.37
Foreign Selling - 2,182,559,908.27



+++

Nickel Asia and My Portfolio

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

+++

Maguindanao Massacre

I am joining those who condemn this brutal act! Violence is no place in a country like ours! I just hope that those who perpetrated this crime will be harshly punished!

"Neanderthal Brutality" - Miriam Santiago

Economic Outlook

It seems not a good time to bet on the market right now. Typhoons are now battering the country. NEDA said that it will drag down economic activities of around 1%. Not a good sign.
Ondoy really did ruin some part of the country, especially NCR. Indonesia was racked by intensity 8 earthquake and Samoan islands was hit by tsunami.
These events would impact the economic activities not only here but abroad. U.S. indeces are now showing signs of weakness. As of 02 Oct 2009 - all of them are red.

In PSE, I think there will be short reaction that we will see in the market as investor will do a "wait and see" attitude again. So, if I would be in the market and have a good value stocks, I will wait for another bull run which I can see to start again around early November this year. If I have "third line" stocks, I will sell them righ away!

Current Portfolio

I am holding EDC and MEG.

I think I got lucky in EDC as I bought it at 4.3 level and now it's playing between 4.45 to 4.7. My plan is to hold this stock until December or when I think I should sell them. I am not fearful yet as I know it will eventually break 4.9. EDC is the largest producer of renewable energy in the Philippines. This is a value stock as far as I know.

MEG is holding to its resistance of around 1.48. I am not yet concern on its capability to give me some profit as it has a good future earning potentials. I am planning to sell it around 1.8 - 2.0 :).

Oh, I forgot. I got a miniscule shares of CMT :) Hehehe.

Daily Tradings (2008-2009)

[02 December 2009]

I have an ISM position bought at 0.0625. I tried to sell today at 0.0675 but failed. No worries as I know that this stock will breakout soon. It's not yet oversold but I have a little fear on the MACD. I will be careful though.

My MEG is catching up and my EDC has a good numbers :)

I am dead in ALCO and MPI :) Whaaa!

[27 November 2009]

I have 2 brokers now - BPITrade and CitisecOnline. BPI is for my long term investment while CitiSec is for my "tsupits" stock.

Currently, I am holding ALI and MPI in my Citisec account. I got whipsawed a lot doing tsupita. I really not into day trading but I am learning. Hopefully, someday I will be a good Tsupitero :)

[29 July 2009]

I am still holding my EDC, PAX and FLI shares. Something is telling me to get out of the market but as of now I want to ride the rally. I was burned before. Selling my shares while the market is in a rally. It cost me dearly :). Now, as I realise, I should not sell while there is a rally.

EDC and PAX are down a bit but I am not too worried. People tend to sell when they see a profit (especially the new one) but I believed these stocks will rally again.

Maybe, I will sell some of my stocks on Friday. I really want to get out of the market come August to plan again my next big move!

[27 July 2009]

The bull is alive today! It is a happy time for some traders and tenseful moment for others. I bought FLI and some PAX stocks today. I am bullish on both stocks. FLI is consistently making an uphill turn. PAX is somewhat hesitant. But I have faith to this stock. It will breakout soon!

I am also holding EDC which I bought from 4.3 and 4.4 level. I am just waiting for my target price. Hopefully it will be within this week. I really wanted to release all my stocks at the end of this month and buy again at the end of correction period.

I am new in the market and I am still trying to feel how the market would react during ghost month.

[21 July 2009]

I sold all of my EDC shares today! Got some pretty good profit! I thought it will really push up now but fortunately it lacks some gas. I will wait and see what will happen to this stock. I also sold half of my PCOR shares which I bought last year! I lost a few bucks but better than waiting for this stock to go up. I can use the money instead to buy other stocks.


[1 July 2009]

I was able to sell half of my EDC shares yesterday for a small profit. I just thought of cutting my exposure to this stock as I thought it would not be up today. I still want to see how this stock will consolidate.


[25 June 2009]

Whew!
I was able to sell my PCOR. I lost a bit. No problem though as I know I will get much from my EDC shares.

[18 June 2009]

I've been trading for a year now and still learning. I've done some bad decisions (a lot!) but learned so much in the process (I only got 12% profit YTD - not bad for an amateur though). I started June last year and now it's my anniversary of being a trader (Whew!) . In general, it is not a bad 1 year. I was able to protect my capital and earned a bit. Hopefully I will be more wiser in doing trades these coming years.

I still got EDC shares and some PCOR shares ( I'm not proud about my PCOR :-) ). I am happy to hold EDC as this one is holding up. I am not so sure about PCOR. This is my mistakes which I now know where I got whacked! Basically, it is going to the market without a proper tools. I only used fundamentals and guts (bad, bad, bad). I am basically zero in technical analysis. BIG, BIG mistake (not something to be proud of). Now I gained some basic knowledge but still honing them. This year I pegged my goal to earn 20%. I know this is achievable (think positive). Hell, other guys can make 40%! All I want is just 20%! hehehe.

See, I'm becoming a bull now - not a good idea though... He he he.

[11 June 2009]

I think I got lucky when I bought EDC shares. It is going up. I will get a decent profit if I sell them now. But why rush? I will let myself wait a little while before selling my EDC shares. I also have PCOR shares and half of them I bought last year. I can take profit for the other half but I want to trade the high. Tomorrow, probably I will sell them so that I can buy other shares for short term.

[27 May 2009]

Stocks are up today due to rally in the wall street. My stock positions gained a bit but was not enough for me to decide to sell them. Maybe I should just wait for the market to pickup again. Which is not possible as there are positive news on recession.

[21 May 2009]

I did not trade today. I watched Secretary Geithner last night and I thought it would be pull up the market but unfortunately it did not. I am just fortunate enough that my stocks are holding up to their support levels.

Stock Positions:
EDC
PCOR

[20 May 2009]

I bought additional EDC stocks today. The share price is still holding up to its support level. I believed it will break to its resistance level if more positive news keep coming. I did not sell any shares today as I still holding to my PCOR shares. It was down a couple of cents today. But it is still within my comfort level.

Stock Positions:
EDC
PCOR

[19 May 2009]

As expected stocks are up today. Major indeces in the US gained a few points yesterday. India stocks soars due to election results and positive economic reforms.
I bought additional EDC stocks as I think its price will break 3.9 if positive news will continue tomorrow. There will be some reports from US that could push the current positive news. It might be a good idea to hold my PCOR and EDC stocks for awhile.

Stock Positions:
EDC
PCOR

[18 May 2009]

My outstanding shares is down by around 2%. I still have EDC and PCOR shares. I am fortunate enought that EDC is holding to its support level. I gained some points from my PCOR but it still cannot compensate for my loss in EDC.
According to some economist, investors are still waiting for another catalyst that will re-start the two months positive tradings. I just hope that next week we will hear some good news.
On a separate note, I still doesn't know why DMC shares are up last week? Intriguing...

Stock Positions:
EDC
PCOR

[15 May 2009]

I earned around 8% of my DMC positions. I still don't know why its share price goes up. I tried searching the web but found nothing. I think the price will not go up much further but I can be wrong though.

Stock Positions:
EDC
PCOR


[14 May 2009]

I don't know if I can call it newbie mistake... First with MEG. I bought MEG shares at 0.67 and sold them at 0.79. I thought it will not going beyond that price. I was wrong! I hadn't thought of its offering! It will certainly go up to almost 1.0!
Second, I sold my DMC stock today at 5.8. Another big mistake! It climb to 6.3! Maybe I should be very careful next time! I did not think of the volume! Tsk tsk tsk.
I don't know what happened to DMC but I will find out soon why loads of people bought this shares.

Stock Positions:
DMC
EDC
PCOR

Student Web Designer

I am looking of student web designer to be a partner for my web site http://www.mytextmates.com/. I am a backend programmer and not good in doing frontend development.
You should be located either Quezon City or Makati.
Contact me if you are interested at rb_mago@yahoo.com