What Bad News?

We heard about the problem in Ireland. We heard about the hiking of interest rate in China. We read about political positioning in Europe. These are some of the news that pushed down that stock market. 
Today, PSEi added around 82+ points! Biggest gainers are Industrial followed, Mining and Holdings. 

EDC and MPI is doing good - 59M and 44M volume of transactions, respectively. I think I bought a very promising stocks :-)
My VLL is a sad story. It shed another 0.04 cent from its previous price. I am thinking of buying at lows to average down. 
I am monitoring ORE and BEL. They said that ORE price will be pushed up on the Nickle Asia 1st trading day? Is this true? I am tempted to believe but I am cutting down on risks now. So, I will just watch from the sideline. BEL is another story. It became strong in the middle of the trading period. I checked the chart and it shows that it is in an uptrend mode for a couple of days now - is it because of APC? So, I think it is now due for correction. Maybe, next week. Let's see.

Another trading week - lots of bloodied traders... 

As of 19 Nov 2010
Foreign Buying - 3,404,866,559.40
Foreign Selling - 3,039,036,549.50

Foreign are buying (Nov15-19):

It's Looking Good...

Now it's EDC and MPI who is green today! 
VLL is in the red zone...pity... pity...

I am feeling a bit frustrated today. I thought that I was able to get 5,000 of Nickle Asia but it turns out my allocation is just 800 shares (what happened BPI?)! They deducted the full amount from my trading account last Nov 8. So, I thought I will get the 5,000 but I learned yesterday that I only got 800! 
Am I still lucky? I don't know? I read from TradersPizza that some of the guys there were not able to get allocation from their broker...pity...pity...

So, what 800 shares can give me? Maybe 5K on Nov 22? I should be happy with that :-)

I also planning to day trade Nickle Asia on day 1. I don't know if it is a good idea or not. 
What do you think?

Anyone, how can I buy shares from OTC? Thanks!

EDC News:
EDC income rises 4-fold to P7.58B in 9 months.

 As of 18 Nov 2010
Foreign Buying - 2,781,622,490.2
Foreign Selling - 2,834,538,912.35

Bloodbath Continues...

It is a good day today - at least to all bargain hunters. Luckily for me I was not 100% invested in the market. I was able to put some of my money in Nickle Asia IPO which according to rumor is now worth 18 pesos per share in over-the-counter (what is over-the-counter btw? - will be checking the meaning of this today). Fearless forecast of TP guru is 22 pesos on the opening :-).

According to news the downtrend is due to China raising its interest rate and market turmoil in Europe. Maybe its time to lighten up my portfolio more and wait for market correction.

MPI and EDC are red but VLL is green today. VLL opened at 3.25 and closed at 3.26. Just a mere 0.01 cent...

 As of 17 Nov 2010
Foreign Buying - 2,812,626,562.40
Foreign Selling -3,080,346,669.60

Alliance Global (AGI) 63 Percent Surge in Net Profit

Tycoon Andrew Tan's Alliance Global Inc. expanded it's nine- month consolidated net profit attributable to parent equity holders by 63% to 5.39 billion from a year ago on robust real estate, tourism and consumer businesses. - Philippine Daily Inquirer

Metro Pacific Investment (MPI) Buys Sobprepena Stake in MRT

MPI Corporation has gain a foothold in the mass transportation business with a deal to take over the 29 percent stake of the Sobrpenas Fil-State Corp. In MRT 3, which operates Metro Manila's business elevated railway on Edsa. - Philippine Daily Inquirer

Green Day

My portfolio is green today! 

• MPI is green
• EDC is green
• VLL is green

Thanks bargain hunters :-)

MPI highest buyers are:

• CLSA PHILIPPI
•  FIRST METRO SECURITIES
• GOLDSTAR SECURITES
• PHILIPPINE EQUITY PRTN

EDC highest buyers are:

• JPMORGAN SECURITIES
• CLSA PHILIPPINES
• DBP-DAIWA SECURITIES
• UBS SECURITIES
• DEUTSCHE REGIS PARTNERS

VLL highest buyers are:

• UBS SECURITIES
• DEUTSCHE REGIS PARTNERS 
• PHILIPPINE EQUITY PRTN

EDC new business scope (from CITISECONLINE)

In its amended articles of incorporation, publicly-listed Energy Development Corporation  (EDC) has retained its widened prospective business engagements to various industries,  including acquisitions of refineries. The firm’s new business scope had been heedful  though of the originally planned ventures thought out by its framers when it was  first incorporated in 1978. As disclosed to the Philippine Stock Exchange (PSE), the primary business that the company  can engage in would still be geothermal steam exploration and development;  and to utilize it for power generation businesses. Apart from the geothermal facilities  currently under its sleeve, the Lopez-controlled company is also into hydropower  generation with its stake in the Pantabangan-Masiway plants; which is aligned with  its incorporation’s leverage allowing it to go into operations of water systems or  water supply for various end-uses, including power generation.  The secondary purposes have been as wide and varied that the company can engage into,  aside from the ones already specified, real estate; transport and tankering of products  as well as trading of particular goods and services; and even pipeline operations.  In the amended articles of incorporation, the major changes integrated have been  the company’s corporate name from “Energy Development (EDC) Corporation”  to Energy Development Corporation and on the company’s by-laws.  While its business ventures may run extensive and wide-ranging, there have been no assertions from the company yet if there are plans of diversifying  its portfolio in other sectors in the future.

As of 15 Nov 2010
Foreign Buying - 2,771,694,683.50
Foreign Selling - 2,873,254,172.63

8th Title for Manny

Congressman Manny Pacquiao did it again!

This time against Antonio Margarito who is taller and heavier than him! His win today truly cemented his position as pound-for-pound king! The next Muhammad Ali as some analysts are saying. Pacquiao really doesn't have anything to prove unlike the 'talkative' Floyd Mayweather Jr. Maybe he should retire and devout his time to his family and his constituents. It is not nice to see him with a lot of money but cannot enjoy them because of the disease associated with boxing like what happened to Ali and Coach Freddy Roach - Alzheimer's disease. 

He is already 31 (younger than me - tsk tsk tsk), it is time for him to enjoy his hard earned money. 

Of course with Manny's win - Chavit is very happy again :-)

As team Pacquiao is enjoying the win, I don't know if we will enjoy PSE tomorrow. I hope that the market will bounce off from its downtrend and regain the lost points. All my portfolio is down but I am not YET worried ;-)