Firstly, I managed to get 2,000 shares of MPI.
Where's PSE is heading? My guess is not in a 'deep blue sea' but rather I believe it is just a correction and needed break (don't just believe me).
We cannot discount also that the downtrend is partly due to Euro crisis, i.e. Ireland banking sector problem, Spain and Portugal deficit issue plus the Korean incident. These things are just indication that we are in the early stage of recovery which is good since it means a good time to buy stocks that will 'fly' 3 to 5 years from now. It is one of the reasons why I am buying MetroPac - MPI.
I got burned by Nickle Asia. Never again I that I will let myself fall victim to BPITrade's Jurassic online trading system! I did not subscribed to IP Converge Data Center's IPO. If I did - I will just get 800(ish) shares anyway. So, I will try to stay away from IPO and focus on my MPI accumulation.
As of 26 Nov 2010
Foreign Buying - 2,071,279,400.63
Foreign Selling - 1,988,925,253.50
Looks like the foreigners are bottom fishing :-)
Thursday, November 25, 2010
Boring day...
Not really.
I think this is the right time to reflect on how we do our trades. Market is slipping but that should not cause for any worries. It happens all the time. It is a part of the market wave where we should jump in and go with the ascent.
I believe that the problems market are now facing is not as bad as of the last 2 or 3 years where the world economy crumbled. The difference mainly is - people in the government and private sectors knows now what they will need to do. They have been in the worst market conditions. A lot of laws has been enacted to counteract the brunt of any, if there is, market fallout. I think we are in the road to recovery.
Korean posturing, Ireland and China issues are but normal occurrence in the aftermath of any market collapse. For Korea - we know how America operate. If it is not of their best interest, then war in Korea will not happen. I know it is not of their best interest to declare another war when they are still facing problems in Afghanistan and Iraq. It will hit them hard economically.
What about PSE? As expected, the index always reacts to negative news (at least not violently). PSEi is still down. I managed to grab 1,000 shares of MPI at 3.73 though. Hopefully my accumulation will be rewarded after 3 years :-).
Lastly, this should be my blog for 25Nov2010. Happy reading.
As of 25 Nov 2010
Foreign Buying - 2,214,506,847.82
Foreign Selling - 2,310,948,228.02
I think this is the right time to reflect on how we do our trades. Market is slipping but that should not cause for any worries. It happens all the time. It is a part of the market wave where we should jump in and go with the ascent.
I believe that the problems market are now facing is not as bad as of the last 2 or 3 years where the world economy crumbled. The difference mainly is - people in the government and private sectors knows now what they will need to do. They have been in the worst market conditions. A lot of laws has been enacted to counteract the brunt of any, if there is, market fallout. I think we are in the road to recovery.
Korean posturing, Ireland and China issues are but normal occurrence in the aftermath of any market collapse. For Korea - we know how America operate. If it is not of their best interest, then war in Korea will not happen. I know it is not of their best interest to declare another war when they are still facing problems in Afghanistan and Iraq. It will hit them hard economically.
What about PSE? As expected, the index always reacts to negative news (at least not violently). PSEi is still down. I managed to grab 1,000 shares of MPI at 3.73 though. Hopefully my accumulation will be rewarded after 3 years :-).
Lastly, this should be my blog for 25Nov2010. Happy reading.
As of 25 Nov 2010
Foreign Buying - 2,214,506,847.82
Foreign Selling - 2,310,948,228.02
Wednesday, November 24, 2010
Korean War and the Market
Almost hundred artillery shells landed in South Korea fired by North Korea. Two South Korean soldiers died and houses was burned.
This incident coupled with Ireland crisis brought down the market and did not spare PSE. As I am in the training, I have limited time checking the market. It is OK since I will not like 'red' anyway. The only thing I did today was bought 2,000 shares of MPI at 3.79.
As of 24 Nov 2010
Foreign Buying - 1,921,306,868.50
Foreign Selling - 1,963,063,358.73
This incident coupled with Ireland crisis brought down the market and did not spare PSE. As I am in the training, I have limited time checking the market. It is OK since I will not like 'red' anyway. The only thing I did today was bought 2,000 shares of MPI at 3.79.
As of 24 Nov 2010
Foreign Buying - 1,921,306,868.50
Foreign Selling - 1,963,063,358.73
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
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
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.
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!
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!
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