Monday, November 22, 2010

BPITrade*&^%&$%#

I said from my previous blog that I got 800 shares of NIKL from BPITrade. Here is what happened:
1. I subscribed for 5,000 shares.
2. They deducted payment for 5,000 shares from my portfolio last Nov 8 (if I am not mistaken).
3. They only able to allocated 800 shares for me. They returned the fund 3 or 4 days before IPO date.
4. 800 shared did not reflect in my portfolio last 22 November 2010!!!
5. I send an email to them to check if I really have the 800 shares!!!
6.  800 shares reflected in my portfolio today!!! - Too F..... late!!!

As of 23 Nov 2010
Foreign Buying - 2,038,081,979.38
Foreign Selling -
2,668,154,542.56

Nickle Asia...Again..

I hate to see IPO price drops when you are expecting it to hit the ceiling! It goes as far as 19+ but retraced back to 16.50! Foreign are selling in the first day! Let us hope those that bought at the bottom would be able to profit tomorrow -(calling JAP). Personally, I think there still steam left for this stock. It would be easier for jockey to push up the price since the price is not as expensive as CebuPac and the closing price is setup for another round tomorrow.

As of 22 Nov 2010
Foreign Buying - 2,648,442,189.00
Foreign Selling - 3,138,617,735.52

Sunday, November 21, 2010

Jollibee Facts and Figures

1,953 - total stores worldwide as of September 2010

1,578 - total stores in Philippines
   703 - Jollibee stores
   404 - Chowking stores
   218 - Greenwich stores
   215 - Red Ribbon stores
     15 - Manong Pepe' stores




  
  375 - Stores overseas
  185 - Yonghe King in China
    64 - Jollibee (26 US, 20 Vietnam, 11 Brunei
    30 - Red Ribbon (all in US)
    37 - Chowking (19 US, 15 Dubai)
    51 - Hong Zhuang Yuan

So, Manong Pepe is also under Jollibee. I've seen one of their stores in Cubao area along Edsa. I thought it is own by individual not Jollibee. The price of food is cheap and the location is good but I haven't seen the place full of customers. Maybe because I happen to pass by the place early in the morning. I don't know how profitable the store is as I don't have time looking at Jollibee's annual report. Anyone?

***
Updated (03Dec2010)
Jollibee opened 700th store in Baguio city. The outlet is along Harrison road.

Updated (04Dec2010)
Soft opening of 3rd Caffe Ti-Amo branch in Greenbelt 5. Jollibee is targeting to open 10 stores next year.
Caffe Ti-Amo was established in South Korea in 2006 with 269 stores. It serves gelato* and coffee. Jollibee and businesswoman Pamela Tan equally owns the franchise here in the Philippines.


*Gelato - Italian version of ice cream.

OTC (Nickle Asia)

I wrote regarding Nickle Asia priced at 18 in OTC market. That was from online forums I read. I am not a trading guru. I don't have a very good understanding of what OTC means. I said from my previous blog that I will check its meaning. As promised, here's what I gathered from looking online :-)

From WikiPedia:
"Over-the-counter (OTC) or off-exchange trading is to trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. It is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e., exchanges), such as futures exchanges or stock exchanges."

Tomorrow is Nickle Asia IPO. Hopefully I will get a good profit from my 800 shares (nice one BPITrade) :-). The problem that I am facing really is how will I execute my tradings tomorrow since I will be attending company training the whole day! Maybe I should step out of the room before 9.30 and check the price and post sell. So, how about my plan for day trading Nickle Asia? Hmmmp... How about drinking lots of coffee to have reason going to comfort room? Or maybe using my 3G phone and trades under my desk :-). I just hope our instructor would not mind me...

Good luck to us on Nickle Asia! Go Go Go!

Thursday, November 18, 2010

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):

Wednesday, November 17, 2010

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