tag:blogger.com,1999:blog-26174497118789482682024-03-14T19:41:16.726+08:00Stock Analyzer JournalsChronicles of a simple Filipino stock market traderLesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-2617449711878948268.post-20797305124525773702010-07-04T20:39:00.005+08:002010-07-05T16:03:37.391+08:00PSEi July 2, 2010<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/TDCBOglMyZI/AAAAAAAAAJ4/Mi4b5GInV5Q/s1600/PSEi+7-2-2010.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 317px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/TDCBOglMyZI/AAAAAAAAAJ4/Mi4b5GInV5Q/s400/PSEi+7-2-2010.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5490030032028748178" /></a><br /><br />In my previous entry, I mentioned that the PSEi was forming a higher-low, which was a bullish signal. The index continued to form another higher-low on the way to form an <a href="http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_c">ascending triangle pattern</a>, which is also a bullish pattern. Unfortunately, poor economic data abroard, China's slow down, European debt issues and global equities sell-off weigh down our market as well, making the ascending triangle pattern invalid (breakdown of the thick red line). :( However, we're nearing the blue uptrend support line. Could we possibly form another ascending triangle albeit with a lesser uptrend gradient (blue thick line)? I would really hope so.<br /><br />Possible scenarios on what might transpire to our market in the next few weeks are in orange, turquoise and light green lines. My personal take is the turquoise line, although what worries me is the bearishness of the US markets. The Dow and S&P are showing head and shoulders breakdown pattern. But if many people are seeing the same pattern as I do, many would be in the sidelines rather than in the market. So who would sell down the market anymore? Could this negate the head and shoulders breakdown pattern? I hope it would.Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com2tag:blogger.com,1999:blog-2617449711878948268.post-8755378685235699542010-06-19T23:36:00.005+08:002010-06-20T00:05:55.754+08:00PSEi June 18, 2010<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/TBzkNX6vwwI/AAAAAAAAAJw/o2C7IYX_k1I/s1600/PSEi+6-18-2010.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 300px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/TBzkNX6vwwI/AAAAAAAAAJw/o2C7IYX_k1I/s400/PSEi+6-18-2010.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5484509364640269058" /></a><br /><br />The PSEi was trading on a broad rectangle (somewhat) for quite some time now (since April of this year until now) with 3,100 area as support and with 3,330 to 3,360 as resistances. The first trough within the rectangle (around mid-April) did a bounce even prior to support areas (both previous-highs-now-turned-support (3,130) and the 50-day moving average (maroon line)). However, the second and the third troughs (both in May) pierced through the above supports (both the 3,130 and the 50-day MA), but found some buyers towards the 100-day MA (green line). This was bearish because selling pressures were still prevalent even at previous supports so it needed to correct some more and find more buyers at lower prices, which was incidentally the 100-day MA.<br /><br />But in June, as market tried to correct again, we found supports now raised higher from 100-day to back to 50-day MA again as you can see in the picture above. This was a higher-low, which is a bullish signal. That means, more buyers are willing to take more risks at higher prices than before thinking that the market's correction is already enough even at that point. Could this propel us above the resistances? Both MACD and RSI confirms a higher-low. Could our market be trending again pretty soon? I think we will pretty soon. I have to admit that our market seems to be very resilient compared to other markets. Let's see next week!<br /><br />If we do breakout soon, we could see our market hit possibly 3,500 to 3,600. If not, then possibly we'll consolidate some more within the range of 3,240 to 3,360 to gain a better and stronger base. Let's watch out for foreign activity.Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-82161657481240187262010-06-01T12:21:00.002+08:002010-06-01T12:31:42.821+08:00Good to be back?!Nine months! It had been such a long time already since my last entry. I was so busy and honestly it was a bit burdensome to write something here haha! The reason why I wanted to write again is because the market made me call May-day last May. January to April 2010 were good months for me as far as year-to-date returns are concerned. Unfortunately, a series of crisis in May bore a huge brunt in my YTD returns. 2/3 of my gains was lost. Oh great! At least I could still thank the Lord that I'm still positive overall YTD.<br /><br />"Naked I came from my mother's womb, and naked I will depart. The LORD gave and the LORD has taken away; may the name of the LORD be praised" (Job 1:21 NIV).Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com3tag:blogger.com,1999:blog-2617449711878948268.post-85456993208826391172009-09-01T18:14:00.010+08:002009-09-03T17:16:02.541+08:00Vegetable gardening - August 2009I tried to venture into <a href="http://stock-analyzer.blogspot.com/2009/08/mushrooms.html">vegetable gardening</a> last month. My first taste of veggie gardening was when I was still a kid. I cultivated a tomato plant before. And when it grew to about 2 feet tall, I clumsily hit it with a ball. It died eventually of course. :(<br /><br />Then last month, I decided to give veggie gardening a shot again. Our <span style="font-style: italic;">barangay</span> (local barrio) gave out free seedlings of 5 different vegetable plants. I only knew 2 of them by looking at the leaves: <span style="font-style: italic;">ampalaya</span> (bitter gourd) and Chinese <span style="font-style: italic;">kangkong</span> (a variety of water spinach). The other 3 seedlings is a toss up among eggplant, green beans and cucumber (I guess). Funny, the barangay guy didn't know them too. :(<br /><br />Some pictures I have taken since I transplanted them into bigger pots:<br /><br />Ampalaya (bitter gourd) with make-shift trellis:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Spz2sG3be4I/AAAAAAAAAJI/f4D2UaRO1JA/s1600-h/IMG00174.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 400px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Spz2sG3be4I/AAAAAAAAAJI/f4D2UaRO1JA/s400/IMG00174.jpg" alt="" id="BLOGGER_PHOTO_ID_5376443292791307138" border="0" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Spz2r5rc7II/AAAAAAAAAJA/mozQfmb7Dro/s1600-h/IMG00173.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 400px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Spz2r5rc7II/AAAAAAAAAJA/mozQfmb7Dro/s400/IMG00173.jpg" alt="" id="BLOGGER_PHOTO_ID_5376443289251409026" border="0" /></a><br /><br />Chinese kangkong (water spinach variety):<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/Spz3Jbk1B6I/AAAAAAAAAJY/T3v9RDLd7b4/s1600-h/IMG00177.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 320px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/Spz3Jbk1B6I/AAAAAAAAAJY/T3v9RDLd7b4/s400/IMG00177.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5376443796566640546" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Spz3JFOHlLI/AAAAAAAAAJQ/uhGbHNDbmYI/s1600-h/IMG00176.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 400px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Spz3JFOHlLI/AAAAAAAAAJQ/uhGbHNDbmYI/s400/IMG00176.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5376443790565807282" /></a><br /><br />Could this be green beans? Anybody who would know?<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/Spz3bqvmkuI/AAAAAAAAAJg/ZHe-kG-seYY/s1600-h/IMG00175.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 320px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/Spz3bqvmkuI/AAAAAAAAAJg/ZHe-kG-seYY/s400/IMG00175.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5376444109876007650" /></a><br /><br />I don't know what's this (yet):<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/Spz3sbifUQI/AAAAAAAAAJo/TOw2ofjN7Eo/s1600-h/IMG00178.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 400px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/Spz3sbifUQI/AAAAAAAAAJo/TOw2ofjN7Eo/s400/IMG00178.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5376444397852250370" /></a><br /><span style="font-weight:bold;">*Edited to add:</span> This looks like a young Okra upon thorough research.<br /><br />Appreciate who would know these plants. Thanks! :)<br /><br />There are still others left to be transplanted. Hopefully I can find some time and good soil.Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com6tag:blogger.com,1999:blog-2617449711878948268.post-52689870123179877212009-08-31T23:59:00.006+08:002009-09-01T00:45:18.992+08:00PSEi chart<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Spv7E5htNbI/AAAAAAAAAI4/_FqZvDspmZo/s1600-h/PSEi+Daily+8-28-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 261px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Spv7E5htNbI/AAAAAAAAAI4/_FqZvDspmZo/s400/PSEi+Daily+8-28-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5376166641777063346" /></a><br />I'm a bit bearish with our market right now on the basis of this technical analysis above. The Shanghai composite index was down by 6.7% today after a former Morgan Stanley Asian economist said that China stocks are "<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aR4VLsml8q2E">in deep bubble</a>," and may fall another whopping 25%! Dow Jones down almost 1% as of this writing.<br /><br />I'm glad to be able to liquidate most of my stocks last week. I'm holding only CMT and <a href="http://www.reuters.com/finance/stocks/overview?symbol=VLL.PS">Vista Land and Lifescapes (VLL)</a> now. Month-on-month, I'm a bit dissatisfied with my net return (+8%) versus PSEi (+5%) because of some stupid trades and non-trades. I was not able to participate the huge rally last Monday as well, where PSEi rocketed up by 5%, due to some technical problems with my online broker.<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 33%<br /><span style="font-weight:bold;">Cash:</span> 67%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com4tag:blogger.com,1999:blog-2617449711878948268.post-10611493339512569282009-08-25T16:44:00.007+08:002009-08-26T19:26:17.816+08:00MushroomsMom bought a home-growing edible mushrooms from a food expo last month at World Trade Center. She got it quite cheap for only Php20 each! Each one can grow mushrooms quite a bountiful of times based on our experience.<br /><br />Before watering (I know, my phone camera sucks!):<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/SpOlHUmc0hI/AAAAAAAAAIY/jcN2MwIDjpU/s1600-h/IMG00168.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 400px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/SpOlHUmc0hI/AAAAAAAAAIY/jcN2MwIDjpU/s400/IMG00168.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5373820325590782482" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SpOlGiQFIMI/AAAAAAAAAIQ/XowukprAyjk/s1600-h/IMG00167.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 400px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SpOlGiQFIMI/AAAAAAAAAIQ/XowukprAyjk/s400/IMG00167.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5373820312075182274" /></a><br /><br />Sprouting stage:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/SpOleBIVUqI/AAAAAAAAAIg/DxVqNOu1mwY/s1600-h/IMG00172.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 400px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/SpOleBIVUqI/AAAAAAAAAIg/DxVqNOu1mwY/s400/IMG00172.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5373820715501179554" /></a><br /><br />Ready-for-consumption stage:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/SpOlwUMYcNI/AAAAAAAAAIw/6uRqLfMn-y4/s1600-h/IMG00166.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 400px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/SpOlwUMYcNI/AAAAAAAAAIw/6uRqLfMn-y4/s400/IMG00166.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5373821029856080082" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/SpOlvrhT0pI/AAAAAAAAAIo/zqHVwECmgT8/s1600-h/IMG00165.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 400px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/SpOlvrhT0pI/AAAAAAAAAIo/zqHVwECmgT8/s400/IMG00165.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5373821018938004114" /></a><br /><br />It takes normally less than a week from sprouting before it can reach full maturity. It's tasteless in my opinion. So you need to season to taste. It's a wonderful experience to be able to harvest our own food from our backyard. I'm trying to do some vegetable growing this time. Hopefully it'll work. :)Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com8tag:blogger.com,1999:blog-2617449711878948268.post-9207135960631930942009-08-25T14:12:00.009+08:002009-08-25T14:52:13.861+08:00August 20, 24 and 25 tradesI sold all my PAX at 3.4 average as it seems to be going nowhere for now. I'll try to bottom fish this one for a change. My system is always been momentum trading, but I'll try something different. Let's see if it will work. I expect this to consolidate within the range of 3.20 to 3.70. Strong resistance is very evident in the area of 3.60-3.70 as we saw a while ago. :)<br /><br />I got some <a href="http://www.reuters.com/finance/stocks/overview?symbol=PSE.PS">Philippine Stock Exchange (PSE)</a> stock at 330. I chased this one up after it's breakout of 300 and seeing DW Capital's relentless buying. But I sold too early at 335 after forgetting to cancel my GTC sell order. :(<br /><br />I averaged down on CMT at 1.04. I know that I shouldn't be breaking my cardinal rule of not to average down. But I can't help it seeing bargains after CLSA dumped much last week. Pattern is still intact towards the target of 1.40. :)<br /><br />CMT daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SpOC_uiWKuI/AAAAAAAAAH4/zyi8oSb6AAA/s1600-h/CMT+Daily+8-25-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SpOC_uiWKuI/AAAAAAAAAH4/zyi8oSb6AAA/s400/CMT+Daily+8-25-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5373782811718593250" /></a><br /><br />Yesterday, I was really pissed at my online broker as they had encountered some technical issues with the platform. I called them twice, but tried to remain as calm as possible to dictate to them my orders but unfortunately my orders weren't matched. So I missed the very BIG upside of the market yesterday. :( I realized that my trading system will not work if I have a human broker because I place and cancel orders many times during a trading day. I'll miss much opportunity (or piss off my human broker) if I have to call up and wait on the phone line just for a human broker to post my orders or cancellations. Hehe. Online trading works for me very well. I do hope that they'll do things much better next time.<br /><br />Anyway, I caught up on yesterday's property sector frenzy by buying FLI and MEG at 0.95 and 1.52, respectively, today. Foreign buying is still very much alive in the property sector especially on MEG. Chartwise, inverse head and shoulders pattern in FLI is still intact with target set at 1.40. My analysis on MEG is a bit unclear. It broke out of 1.48 today with volume and quickly hit a high of 1.54, but it closed back to 1.48. And apparently, 1.60 would pose a hindrance to the ascent (TP of cup and handle).<br /><br />FLI Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SpOEgcnOF2I/AAAAAAAAAIA/z4e2us8ATuc/s1600-h/FLI+Daily+8-25-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SpOEgcnOF2I/AAAAAAAAAIA/z4e2us8ATuc/s400/FLI+Daily+8-25-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5373784473354508130" /></a><br />MEG Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SpOIL_1orbI/AAAAAAAAAII/Bow6Lsmnl_o/s1600-h/MEG+Daily+8-25-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 206px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SpOIL_1orbI/AAAAAAAAAII/Bow6Lsmnl_o/s400/MEG+Daily+8-25-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5373788520079470002" /></a><br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 55%<br /><span style="font-weight:bold;">Cash:</span> 45%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-65718570459242258112009-08-19T19:06:00.006+08:002009-08-19T19:32:53.393+08:00August 17 to 19 tradesI cut many of my holdings to taper off the massacre in the market. I cut SINO at 0.245, CYBR at 0.71, half of my CMT at 0.97 (which proved to be a mistake), and APC at 0.38. Technically, it seems that SINO and APC both broke down from its support that's why I got rid of them.<br /><br />Yesterday, I made a boo-boo in <a href="http://www.reuters.com/finance/stocks/overview?symbol=BPC.PS">Benpres Holdings (BPC)</a>. I tried to position first at the bid price of 3.05 while market price was doing 3.10. I was being too conservative! So I missed this ride, only to get it at the ask price of 3.35, which was a resistance. I feared that this will not pierce this resistance, so I cut BPC a fluctuation lower. I was just being jittery in this kind of market. Man, this proved me wrong! BPC pierced this resistance on very good volume and I ended up buying this stock up at 3.55! Wakhonga! Good thing that the momentum was there till today. I sold my BPC at 3.85 today. I should be content. :) Rumor mill says that BPC will sell it's stake in <a href="http://www.reuters.com/finance/stocks/overview?symbol=DGTL.PS">Digitel (DGTL)</a>. DGTL flew today as well! Hmm...<br /><br />I sold the rest of my CMT at 1.06 at a minuscule profit as this was it's previous high. When CMT was trading in the range of 0.93-0.94 yesterday, which was the previous breakout point, now turned support, I hesitated to average down my holdings, thinking that I might just overexpose myself. So I ignored it. Instead I placed my bets on PAX again at 3.375 average. Stupid me! We know what happened to PAX and CMT today. :( I ended up buying the CMT I sold at 1.06 at a higher price of 1.12! My premise is that it broke 1.06 today convincingly. Target of 1.40 is still intact based on the technical analysis on my previous post below.<br /><br />Market is still jittery. I viewed what happened to both PSEi and Dow today and yesterday, respectively, as a "<a href="http://en.wikipedia.org/wiki/Dead_cat_bounce">dead-cat-bounce</a>." Anyway, confirmation tonight and tomorrow is still needed to prove my theory correct. If it happens that our market goes down lower tomorrow, I might add some more CMT near 1.06. Let's see. Cement stocks are in the groove lately. Election play perhaps? :)<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 44%<br /><span style="font-weight:bold;">Cash:</span> 56%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-43176027701020247922009-08-15T11:20:00.024+08:002009-08-16T16:48:11.145+08:00August 12 to 14 tradesSome blue chips were beaten black and blue, and second tiers and "basuras" (third liners) were set free! My hunch is that "basuras" will take the lime light this week.<br /><br />PSEi Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SofFlRDb27I/AAAAAAAAAHw/cg7LFoZQd8M/s1600-h/PSEi+Daily+8-14-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 280px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SofFlRDb27I/AAAAAAAAAHw/cg7LFoZQd8M/s400/PSEi+Daily+8-14-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5370478324686248882" /></a><br /><br />PSEi was showing some weakness lately especially on blue chips. Measured move to 2,900 resistance seems to have respected. MACD impending crossover may trigger more selling pressures next week.<br /><br />---------------<br /><br />I was experiencing some difficulties with my online trading platform as, probably, it got affected as well by the South East Asia-wide <a href="http://www.pcworld.com/article/170061/asian_undersea_cable_disruption_slows_internet_access.html">internet problem</a>. So it would be prudent to cash in some gains, if any. But I bought a minuscule <a href="http://www.reuters.com/finance/stocks/overview?symbol=GEO.PS">Geograce Resources (GEO)</a> again after a long long time at 0.81 on Wednesday as it looked like a valid breakout from 0.79. Volume was exceptional as well. But on the hindsight, it was a whipsaw. It closed 0.79 on Friday. Is it mimicking TUNA after it breaks out of 1.60 then crashing to 1.50 a few days after? Uh oh. :(<br /><br />GEO Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/SoeuE2Ry8GI/AAAAAAAAAHI/yAq89xY-fV0/s1600-h/GEO+Daily+8-14-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/SoeuE2Ry8GI/AAAAAAAAAHI/yAq89xY-fV0/s400/GEO+Daily+8-14-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5370452478975471714" /></a><br /><br />I cut all my IP at 2.4 as it was just moving sideways. I also sold all my GMA7 at a profit at 7.3 (TOO EARLY!), because that was its previous high. I panicked to sell on this one because I don't want to be caught again by GMA7's one-day-wonder moves. Then a barrage of buying by Regis and BDO elevated the price to close at a day high of 7.8, but it crashed back down to 7.4 on Friday! Anyway, I'm happy with the profits; grateful of God's grace. :)<br /><br />I sold all my PAX as well at 3.68 average for a profit after seeing it having difficulty going up past 3.75-3.80. :) Short-term players were going in out of this stock for now. I'll get back on this one again near support.<br /><br />PAX Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/Soeye2WoRNI/AAAAAAAAAHQ/XCdST7OZZ2Y/s1600-h/PAX+Daily+8-14-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/Soeye2WoRNI/AAAAAAAAAHQ/XCdST7OZZ2Y/s400/PAX+Daily+8-14-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5370457323718853842" /></a><br /><br />Last Friday, I was seeing funds exiting blue chips and rotating to some second liners and basuras. I sold CYBR at 0.72 because it was consolidating at it's lows and without any meaningful accumulation. It did go down to 0.66 (previous support) and some big buying ensued. I managed to ride again on this one, but at 0.73 already (a bit late though). But it still closed up strongly at its high of 0.75 showing a strong reversal. It looks like it will test 0.80's again come this week. :)<br /><br />CYBR Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Soe0ISpfDHI/AAAAAAAAAHY/q9RWjjns5qc/s1600-h/CYBR+Daily+8-14-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 208px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Soe0ISpfDHI/AAAAAAAAAHY/q9RWjjns5qc/s400/CYBR+Daily+8-14-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5370459135200398450" /></a><br /><br />I got into some minuscule basuras SINO and <a href="http://www.reuters.com/finance/stocks/overview?symbol=APC.PS">APC Group (APC)</a> at 0.28 and 0.42, respectively. Big volumes were traded last Friday. I wonder what were these up to. APC is forming beautifully an inverse head and shoulders formation with potential target of 0.70. :)<br /><br />APC Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_FQNhLsAl3pU/Soe5N-ErlpI/AAAAAAAAAHg/ZIHskZsJEsk/s1600-h/APC+Daily+8-14-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://4.bp.blogspot.com/_FQNhLsAl3pU/Soe5N-ErlpI/AAAAAAAAAHg/ZIHskZsJEsk/s400/APC+Daily+8-14-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5370464730314675858" /></a><br /><br />I got into <a href="http://www.reuters.com/finance/stocks/overview?symbol=CMT.PS">South East Asia Cement (CMT)</a> as well at 1.04 after it broke out of the 1.00 heavy resistance with convincing volume. Charts looks to point to the area of 1.40-ish as its target. :)<br /><br />CMT Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Soe-lKcUrxI/AAAAAAAAAHo/99EL6jFoUAY/s1600-h/CMT+8-14-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Soe-lKcUrxI/AAAAAAAAAHo/99EL6jFoUAY/s400/CMT+8-14-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5370470626330193682" /></a><br /><br /><span style="font-weight:bold;">Composition:</span><br />CMT = 16%<br />GEO = 8%<br />CYBR = 6%<br />SINO = 3%<br />APC = 3%<br />Odd-lots = 2%<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 38%<br /><span style="font-weight:bold;">Cash:</span> 62%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-84640400674967645712009-08-12T16:28:00.009+08:002009-08-12T17:15:50.847+08:00Sweet Delights for EveryoneMarket is very boring lately and I got some "ipits" (stuck stocks) as well. :(<br /><br />Anyway, I found an amusing email that I got long ago from my friend in my old and rarely used email account. It's just an eye-opener for all sweet-tooth folks. :P The white cubes are supposed to represent sugar. So more cubes mean sweeter delights (click to enlarge):<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SoKE-_fKh4I/AAAAAAAAAHA/_KalqBzwd6I/s1600-h/Sweet+Delights+Collage+4.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 188px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SoKE-_fKh4I/AAAAAAAAAHA/_KalqBzwd6I/s400/Sweet+Delights+Collage+4.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5368999923507955586" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SoKE-WwndII/AAAAAAAAAG4/d0zU7TuRuQU/s1600-h/Sweet+Delights+Collage+3.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 188px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SoKE-WwndII/AAAAAAAAAG4/d0zU7TuRuQU/s400/Sweet+Delights+Collage+3.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5368999912575300738" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SoKE-IhQhSI/AAAAAAAAAGw/l05SK-5ll24/s1600-h/Sweet+Delights+Collage+2.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 201px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SoKE-IhQhSI/AAAAAAAAAGw/l05SK-5ll24/s400/Sweet+Delights+Collage+2.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5368999908752786722" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SoKE9sVvkqI/AAAAAAAAAGo/nDzfxLIQQdQ/s1600-h/Sweet+Delights+Collage+1.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 186px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SoKE9sVvkqI/AAAAAAAAAGo/nDzfxLIQQdQ/s400/Sweet+Delights+Collage+1.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5368999901188297378" /></a><br />I can't believe that strawberries account only that little sugar. Hmm...Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com5tag:blogger.com,1999:blog-2617449711878948268.post-58277082257891035142009-08-11T19:41:00.006+08:002009-08-12T17:16:38.623+08:00August 10 and 11 tradesI got whipsawed twice by IP. I cut my IP at 2.3 yesterday only buy it again at 2.46 today. IP closed 2.4 today. The volume was big these past few days for IP with corresponding breakout-like whipsaws. That's why I got whipped pretty badly. Ouch! :( I'll hold this for now. I also cut my EDC at 0.10 lower than my cost after it's not going up as it supposed to be due to the pennant breakout. This is bearish. EDC closed 3.60 today.<br /><br />I was able to ride PAX at 3.26 average yesterday and today, and sold them all today at 3.50. :) PAX was very wild today. It opened 3.70, then quickly went down to 3.35 and quickly went up again to 3.5. I thought it was just doing an intraday testing of support, so I bought back PAX at. 3.45. On the hindsight, it was a boo-boo. PAX closed lower today to 3.25. :( It will be make or break for PAX tomorrow!<br /><br />I sold all of my AT today at 8.1 as I don't want to expose myself too much especially at these times.<br /><br />I'm still very busy these days due to the ongoing due diligence audit. I guess I'm still fortunate to be able to sneak in a trade or two daily. :)<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 74%<br /><span style="font-weight:bold;">Cash:</span> 26%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-71236884780323987692009-08-08T00:18:00.005+08:002009-08-08T00:44:10.987+08:00Frustrating tradesYesterday and today are very frustrating for me. I made stupid trades, which cost me about 2% of my portfolio. :( I knew it! I shouldn't go against my instincts. The market did correct these two days.<br /><br />I sold my remaining AC at 307.50 after it gapped down because of <a href="http://www.reuters.com/finance/stocks/chart?symbol=GLO.PS">Globe Telecom's (GLO)</a> disappointing dividends. I should have sold sooner! :( Sigh. Greediness is killing me. :(<br /><br />I bought some <a href="http://www.reuters.com/finance/stocks/chart?symbol=AT.PS">Atlas Mining (AT)</a> yesterday at 7.8 after it broke out of 7.6 with good volume. Apparently, due to negative market sentiments, this breakout didn't budge so much as of today. :(<br /><br />I bought (and got whipsawed badly) some <a href="http://www.reuters.com/finance/stocks/chart?symbol=IP.PS">IPVG (IP)</a> at 2.40 due to breakout. But heavy volume sellers marred the rise. I'm so frustrated that I didn't cut this sooner. :(<br /><br />I noticed PX was the play today. But instead of riding it, I chose to buy a minuscule CYBR instead at 0.70. Arrgggh!<br /><br />I'm so frustrated! I'm getting emotional with my trades. Emotions would kill me. On the hindsight, I think I even over-positioned myself despite having this kind of market. :(<br /><br /><span style="font-weight:bold;">Composition:</span><br />EDC = 28%<br />GMA7 = 19%<br />AT = 16%<br />IP = 11%<br />CYBR = 6%<br />Odd-lots = 3%<br /><br /><span style="font-weight:bold;">Cash:</span> 17%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com8tag:blogger.com,1999:blog-2617449711878948268.post-1016648264927641662009-08-05T00:30:00.021+08:002009-08-05T02:20:42.456+08:00August 3 and 4 tradesOur market continued to trek up towards the 2,900 resistance level. The mining sector, particularly, <a href="http://www.reuters.com/finance/stocks/chart?symbol=MA.PS">Manila Mining Corp. (MA/B)</a> and LC/B, led the rally last Monday, but its strength didn't spill over today. MA/B and LC/B opened higher but closed unchanged and lower, respectively.<br /><br />PSEi Daily:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SnhsITjdDUI/AAAAAAAAAFQ/ZBEdqT1xyNc/s1600-h/PSEi+daily+8-4-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 270px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SnhsITjdDUI/AAAAAAAAAFQ/ZBEdqT1xyNc/s400/PSEi+daily+8-4-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5366157845955677506" /></a><br />We're still within the mid-term up trend channel (red lines), but we're now nearing the "former" up trend channel support line now had become a resistance (blue lines), which is incidentally around the 2,900 area. If we're going to use the "<a href="http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:measured_move_-_bull">measured move</a>," we can see that it points also to the area of 2,900. MACD and RSI are also testing resistance levels.<br /><br />PSEi Weekly:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SnhuFVfeOkI/AAAAAAAAAFY/4rskIn94pZY/s1600-h/PSEi+weekly+8-4-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 262px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SnhuFVfeOkI/AAAAAAAAAFY/4rskIn94pZY/s400/PSEi+weekly+8-4-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5366159993959496258" /></a><br />On a bigger picture, strong resistance is seen at 3,000, but we need to be wary as well of 2,900 (encircled). Inverse head and shoulders pattern is still intact as <a href="http://stock-analyzer.blogspot.com/2009/07/july-23-and-24-trades.html">previously mentioned</a>.<br /><br />-----------------<br /><br />As market continued to trek up, I'm lightening up my exposure just in case it would turn sour. I got some MA shares last Monday at 0.024 as I saw strength in it (it went ceiling then) but sold it today at 0.025 for a measly profit. :( I was caught in heavy traffic this morning so I arrived at the office a bit late. So, I missed the high of 0.028. :( But anyway, at least it's still a profit. For those who don't know yet, MVP also announced that he's considering MA as well aside from LC. I got some feedback from various brokers that MA is a better play than LC due to the fact that the MA's mine site is adjacent to Philex's (PX) Padcal site. Better economy for PX perhaps?<br /><br />I also sold half of my FLI yesterday at 0.99 as I'm seeing toppish conditions. It was confirmed today as it formed a dark cloud cover candlestick pattern (bearish). See image below:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://i.investopedia.com/inv/dictionary/terms/darkcloud.gif"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 485px; height: 225px;" src="http://i.investopedia.com/inv/dictionary/terms/darkcloud.gif" border="0" alt="" /></a><br />We'll see the confirmation on Thursday to validate this short term reversal. I sold all the rest of FLI today at 1.00. :)<br /><br />I also got rid of WEB at 0.055 on Monday for 5% profit after holding it for quite some time now. I decided to sell this because it was not moving much, and decided to free up some capital tied up to this so that I can buy some other stronger issues. Efficiency-wise, it was not a very profitable trade because of the length of time I held on to this, and for only a 5% profit. And, to add insult to my injury, it just shot up today and closed at 0.06! Oh man! :(<br /><br />I sold half of my AC today as well at 325 for a decent 8% profit. :) It seems to have respected the neckline at 320 today (opened 325, high 327.5, but closed at its low at 320) - classic bearish meeting lines (not good). That means, in an up trend, the price opened higher than yesterday's price, but closed unchanged versus yesterday's closing. I'll hold the rest of my AC for now with mental stop set at the break of 320.<br /><br />I cut all my CYBR at 0.70 today. I learned once again not to be greedy. I have already set my sights to sell this one last week at 0.80's, but I didn't. The Lord rebuked me. :( I also sold SINO at cost.<br /><br />I transferred much of my sales today to acquire a truckload of <a href="http://www.reuters.com/finance/stocks/chart?symbol=EDC.PS">Energy Development Corp. (EDC)</a> at 4.75. It seems to me that it broke out of its flag formation with a target price in the area of 5.3. One major obstacle right now is the major resistance at 5.00.<br /><br />EDC daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_FQNhLsAl3pU/Snh4vEIFRZI/AAAAAAAAAFg/WXREdSOrHDI/s1600-h/EDC+Daily+8-4-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://4.bp.blogspot.com/_FQNhLsAl3pU/Snh4vEIFRZI/AAAAAAAAAFg/WXREdSOrHDI/s400/EDC+Daily+8-4-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5366171705968772498" /></a><br /><br /><span style="font-weight:bold;">Composition:</span><br />EDC = 28%<br />GMA7 = 19%<br />AC = 13%<br />Odd-lots = 3%<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 63%<br /><span style="font-weight:bold;">Cash:</span> 37%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-91170234802328187792009-08-01T12:24:00.031+08:002009-08-01T23:09:04.369+08:00Finally! Trades for the weekI got my break today from the on-going <a href="http://www.investopedia.com/terms/d/duediligence.asp">due diligence review</a> so I got this chance to post. (Wait a minute, I'm doing this in my office! I'm so <strike>happy</strike>!) <a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://l.yimg.com/us.yimg.com/i/mesg/emoticons7/13.gif"><img style="cursor: pointer; width: 18px; height: 18px;" src="http://l.yimg.com/us.yimg.com/i/mesg/emoticons7/13.gif" alt="" border="0" /></a><br /><br />The highlight of this week, aside from the <a href="http://sona.inquirer.net/index.php">State-of-the-Nation Address (SONA)</a>, was probably MER (on a speculation of a <a href="http://en.wikipedia.org/wiki/Tender_offer">tender offer</a>) hitting a high of 302.50 on Wednesday, gapping down and went to a low of 190 the next day, reaching a high of 267.50 on Friday, before closing at 229! I'm really awestruck at this volatility. This explains the volatility of PSEi this week. I knew that MER would "crash" on Thursday after seeing huge crosses at 300 the day before that, as I knew that the buyer was already satisfied (at least partially). Initially I thought MER will drag down the market, but I was pleased to see that the funds liquidated from MER were moved to other sectors particularly properties and banking. This was a good sign of healthy fund movement. We even experience huge net foreign buying yesterday!<br /><br />Technical analysis of PSEi (clickable):<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SnQRZs5pcQI/AAAAAAAAAFA/X7_S7mfW-HM/s1600-h/PSEi+7-31-2009.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 283px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SnQRZs5pcQI/AAAAAAAAAFA/X7_S7mfW-HM/s400/PSEi+7-31-2009.jpg" alt="" id="BLOGGER_PHOTO_ID_5364932189352456450" border="0" /></a><br /><br />It seems that PSEi broke out of 2,790 and is now moving towards the next resistance at 2,880 (dotted line). It will be harder for PSEi to move up for now as the indicators are pointing to overbought levels. 2,626 remains its support. Actually it's hard for technicians like me to judge the top of the market as much of the volatility lately was skewed by MER. Reverse head and shoulders formation (bullish) is still intact.<br /><br />---------------<br /><br />Trades:<br /><br />Remember the holding company that I said I'm looking intently? It was <a href="http://www.reuters.com/finance/stocks/chart?symbol=AC.PS">Ayala Corp. (AC)</a>. It is forming a reverse head and shoulders pattern beautifully with neckline at 320. I got a significant portion at 300. Should the neckline be broken convincingly, we should see target 450 to 460. :)<br /><br />AC weekly:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SnRaCw5ggjI/AAAAAAAAAFI/PL1O6adxjEE/s1600-h/AC+weekly+7-31-2009.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 283px; height: 400px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SnRaCw5ggjI/AAAAAAAAAFI/PL1O6adxjEE/s400/AC+weekly+7-31-2009.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5365012059637449266" /></a><br /><br /><br />I also bought back PAX at 2.8. 3 to 3.1 has proved to be a stubborn resistance. Thus I sold all of this at 2.85 average.<br /><br />I was lured back to LC again at 0.28 due to strong volume on Monday. Well, I anticipated that this would breakout 0.28 that day too, but it didn't. I guess everyone's focus was on MER this week. I decided to cut this one at 2 fluctuations lower. Chartwise, I wasn't that bullish anymore. Negative divergences with MACD and RSI were forming. 0.25 is a very critical support.<br /><br />I bought a little <a href="http://www.reuters.com/finance/stocks/chart?symbol=MIC.PS">Minerales Industrias Corporation (MIC)</a> as well only to cut it on the very same day. :( I was whipsawed, thinking that it broke out of 3.5. I decided to transfer my proceeds to MER and FLI. I ordered to purchase a minuscule of MER at 262.5, but only half was matched. :( I took this gamble to purchase MER because momentum was there. I threw out my technical analysis for I know it won't work on this stock. I sold MER too early the next day at 282.5 (that day hit a high of 302.5). <a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://l.yimg.com/us.yimg.com/i/mesg/emoticons7/20.gif"><img style="cursor: pointer; width: 22px; height: 18px;" src="http://l.yimg.com/us.yimg.com/i/mesg/emoticons7/20.gif" alt="" border="0" /></a><br /><br />I got a good chunk of <a href="http://www.reuters.com/finance/stocks/chart?symbol=fli.PS">Filinvest Land Inc. (FLI)</a> at 0.92 (a bit too high though), because it broke out of 0.87 resistance quite convincingly (with big volume). Property is in play right now, and I believe will spill over to next week together with banks.<br /><br />I cut all my TUNA at one fluctuation lower than my cost because it was too slow (read: impatience).<br /><br />I'm happy to hitch a ride with <a href="http://www.reuters.com/finance/stocks/chart?symbol=CYBR.PS">Cyber Bay Corp. (CYBR)</a> at 0.75 average on <a href="http://business.inquirer.net/money/topstories/view/20090731-218032/Cyber-Bay-stock-goes-from-warm-to-sizzling">rumors</a> that a third party investor wants to buy into the company. Also, I bought a minuscule <a href="http://www.reuters.com/finance/stocks/chart?symbol=SINO.PS">Sinophil Corp. (SINO)</a> at 0.27 on recurring exceptional volumes and breakout.<br /><br /><span style="font-weight: bold;">Composition:</span><br />AC = 24%<br />GMA7 = 19%<br />FLI = 16%<br />WEB = 11%<br />CYBR = 10%<br />SINO = 7%<br />Odd-lots = 2%<br />*Oops! Broke cardinal rule again. :(<br /><br /><span style="font-weight: bold;">Portfolio invested:</span> 89%<br /><span style="font-weight: bold;">Cash:</span> 11%<br /><br />-----------------<br /><br />The month of July brought me an additional 10% return to my portfolio. Praise God for this for He has provided to help me meet our family debt! Though I'm a bit disappointed because my benchmark increased by 19%. :( I was depressed for about 10 minutes, but I was relieved after I realized the MER factor in July. <a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://l.yimg.com/us.yimg.com/i/mesg/emoticons7/10.gif"><img style="cursor: pointer; width: 18px; height: 18px;" src="http://l.yimg.com/us.yimg.com/i/mesg/emoticons7/10.gif" alt="" border="0" /></a>Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com2tag:blogger.com,1999:blog-2617449711878948268.post-537505102495101402009-07-28T20:31:00.005+08:002009-08-01T12:49:58.694+08:00BusyI'm sad because I cannot update my blog (except for this one) as I've been <span style="font-weight: bold;font-size:180%;" >very busy</span> as a corporate slave lately. :( That's why I wanted to achieve financial freedom someday (read: still <strike>patiently</strike> waiting). Hopefully, trading stocks could help hasten a bit. :)<br /><br />On the average, it will take me at least 2 hours to post a comprehensive blog entry. That I don't have the luxury as of now. I'll post my trades later this week. Promise. I'll just need to get rid of this due diligence review off my back :)<br /><br />God bless!Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com10tag:blogger.com,1999:blog-2617449711878948268.post-16993647601731996582009-07-25T11:35:00.012+08:002009-07-25T16:04:21.311+08:00July 23 and 24 tradesThe Philippine market was very good yesterday, breaking out of the recent high of 2,626 convincingly in very good volume (Php4.5 billion) in response to good corporate earnings in the US. PSEi closed 2,676 or 2.5% higher than last Thursday, but consolidating most of the Friday morning in the range of 2,646 to 2,656 (probably due to indecision after breakout by investors), before the bulls finally taking over during the last hour of trading. Immediate resistance is pegged at 2,750 to 2,780, which might be a tough nut to crack.<br /><br />I'm seeing a beautiful <a href="http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b">inverse head and shoulders pattern</a>, which is bullish, forming since mid-2008 until now (refer to the clickable picture below) Yesterday could be a sign that the neckline was broken with good volume. But there's an immediate resistance above it (or could this be the real neckline? Let's see).<br /><br />PSEi daily (compliments of Yahoo! Finance):<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_FQNhLsAl3pU/SmqqTHZD5wI/AAAAAAAAAEI/tAKdsSW4ZeY/s1600-h/PSEi+Daily+7-24-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 282px;" src="http://4.bp.blogspot.com/_FQNhLsAl3pU/SmqqTHZD5wI/AAAAAAAAAEI/tAKdsSW4ZeY/s400/PSEi+Daily+7-24-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5362285551716394754" /></a><br />RSI is already pointing a short-term overbought condition. MACD and RSI might test their previous highs as well (MACD - mid August 2008; RSI - Oct. 2007 and June 2009). My take is that we might experience some breather in the next couple of weeks, and hopefully consolidate for now as it will be healthier for the market in the long run.<br /><br />-------------------<br /><br />Trades:<br /><br />Last Thursday, after seeing <a href="http://www.reuters.com/finance/stocks/chart?symbol=RCM.PS">Republic Cement Corp. (RCM)</a> shot up to ceiling with good volume before closing lower (sad to say that I was a bit too hesitant to buy this one due to its illiquidity), I bought a minuscule position in <a href="http://www.reuters.com/finance/stocks/chart?symbol=HLCM.PS">Holcim Cement (HLCM)</a> at 3.55 thinking of sympathy play. But it didn't budge. I decided to cut this one out at one fluctuation lower.<br /><br />I sold my entire position in LC for a quick 10% profit due to a heavy wall at 0.28 :). See my technical analysis of this in my previous post. I'll get back on this one at 0.25-0.26. Rumors were circulating that MVP and Lolo's prices were miles apart. Hmm...<br /><br />I also sold my NI a little too early at an average price of 9.49 thinking it will have a hard time to break 10 due to high RSI and resistance. But the jockey has a different idea in mind. :( Yesterday, it went even higher. :( But still, it's a quick 10% profit. I should be content already thinking this was my biggest position last Wednesday. Maybe God is teaching me to be content with His blessings. :)<br /><br />I was glad that this PAX finally got its feet moving last Thursday after almost a month of consolidating. But I quickly got rid also it for a 10% profit due to strong resistance at 3 area. I'll get back on this one if it goes back to its previous resistance of 2.65.<br /><br />I also sold the rest of MEG at 1.14 for some coffee money and transferred all of it plus some more to <a href="http://www.reuters.com/finance/stocks/chart?symbol=gma7.PS">GMA Network (GMA7)</a> at 6.7. It broke out yesterday with volume. Potential target is 7.4 (previous high).<br /><br />GMA7 daily (courtesy of COL):<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/Smq23v8WjeI/AAAAAAAAAEQ/7J4ktJHggDE/s1600-h/GMA7+daily+7-24-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/Smq23v8WjeI/AAAAAAAAAEQ/7J4ktJHggDE/s400/GMA7+daily+7-24-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5362299375216659938" /></a><br />To God be all the glory! :)<br /><br />Potential stocks to trade next week:<br />I'm looking at going back to LC and PAX if my target buying area is achieved. I'm also thinking at going into certain blue chips again: one is the holding company that I mentioned before and another that is into power.<br /><br /><span style="font-weight:bold;">Composition:</span><br />GMA7 = 19%<br />TUNA = 13%<br />WEB = 11%<br />Odd-lots = 3%<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 46%<br /><span style="font-weight:bold;">Cash:</span> 54%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com2tag:blogger.com,1999:blog-2617449711878948268.post-21207259086429663972009-07-22T21:00:00.000+08:002009-07-22T21:05:10.827+08:00July 21 and 22 tradesPSEi was trying to mimic how Dow behaved--lots of choppiness. Both markets were experiencing some toppish signals as evidenced by lower value turnover despite in an upward trend. PSEi is yet to test the recent high of 2,626, while the Dow was already testing 8,900-ish. <br /><br />PSEi was up by 19 points today to 2,612 and was led (again) by Lopez stocks, mainly MER and <a href="http://www.reuters.com/finance/stocks/chart?symbol=fph.PS">First Philippine Holdings (FPH)</a>, which registered a whopping Php162 million and Php60 million worth of net foreign buying, respectively. Total market turnover of Php2.8 billion was a little bit wanting for me. This just meant that there were lesser aggressive buyers today than yesterday or last week as we are approaching the resistance. Breadth was still good though with the advancers outnumbering the decliners 85 to 33 with 55 unchanged. We were net foreign buying overall of Php162 million today (MER coincidence?).<br /><br />MER closed 199 today on huge volume after hitting a high of 200. Rumor mill was speculating that Ramon S. Ang (RSA, for short), president of San Miguel Corp. (SMC/B), might be enticed now to sell its MER holdings to MVP at this "spectacular" price. :)<br /><br />----------<br /><br />I got my documentary stamp tax refund today, which added 1.5% to my year-to-date return. :)<br /><br />I realized that I was whipsawed by LC the other day (refer to my previous post) after massive selling by Felipe Yap-associated brokers. So I bought this back up at a much higher cost of 0.245 instead. :( But at least I was able to ride this one. It broke out of 0.25 resistance today confirming the <a href="http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continu">flag pattern</a> (resistance was also the 100-week moving average). LC closed today at 0.28 resistance on big volume. I expect this to hurdle this resistance tomorrow barring any unforeseen circumstances. Refer to my technical analysis below (click to enlarge):<br /><br />LC daily:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_FQNhLsAl3pU/SmcA_Izem9I/AAAAAAAAADo/e-STdX-16JU/s1600-h/LC+Daily+7-22-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://4.bp.blogspot.com/_FQNhLsAl3pU/SmcA_Izem9I/AAAAAAAAADo/e-STdX-16JU/s400/LC+Daily+7-22-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5361254966103022546" /></a><br /><br />LC weekly (cup and handle pattern still intact):<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_FQNhLsAl3pU/SmcBFSi5dXI/AAAAAAAAADw/KXgBYLQBKVs/s1600-h/LC+Weekly+7-22-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://4.bp.blogspot.com/_FQNhLsAl3pU/SmcBFSi5dXI/AAAAAAAAADw/KXgBYLQBKVs/s400/LC+Weekly+7-22-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5361255071797048690" /></a><br /><br />The holding firm that I was monitoring (refer to my previous post) was a bit shy these two days. It might test previous resistance first to confirm breakout. I'll keep my eye on this one.<br /><br />I also bought a ton of <a href="http://www.reuters.com/finance/stocks/chart?symbol=NI.PS">NiHAO Mineral Resources (NI)</a> the other day at 8.6 due to strength and breakout from previous resistance of 8.5. I'm still holding onto this one today. We might taste some wall on the 10th to 11.5th floors.<br /><br />NI daily:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SmcFYIWEvxI/AAAAAAAAAD4/pZ6V_0xDqjA/s1600-h/NI+Daily+7-22-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 208px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SmcFYIWEvxI/AAAAAAAAAD4/pZ6V_0xDqjA/s400/NI+Daily+7-22-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5361259793522933522" /></a><br /><br />I disposed off more than 50% of my holdings of MEGA-heavy MEG at 1.08 to transfer some to <a href="http://www.reuters.com/finance/stocks/chart?symbol=TUNA.PS">Alliance Tuna (TUNA)</a> at 1.62. Macquarie seems still has a lot of bullets to pepper hapless MEG investors like me. :( Selling to buy MER and FPH? Macquarie were top buyers of these two today (this broker was associated to MVP before. Hmm...). Buying of TUNA was based purely on breakout of 1.60 strong resistance. But we might experience some selling towards 1.68-1.70 as seen in the chart below:<br /><br />TUNA daily:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SmcKgC4DWeI/AAAAAAAAAEA/6wKFUdyIT90/s1600-h/TUNA+daily+7-22-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 208px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SmcKgC4DWeI/AAAAAAAAAEA/6wKFUdyIT90/s400/TUNA+daily+7-22-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5361265427051928034" /></a><br /><br />I'm still holding on to the rest of my holdings. PAX looks interesting. I expect this to erupt soon as there were signs of accumulation on going. :)<br /><br /><span style="font-weight:bold;">Composition:</span><br />NI = 27%<br />PAX = 16%<br />TUNA = 13%<br />MEG = 13%<br />LC = 11%<br />WEB = 11%<br />Odd-lots = 3%<br />*I broke my cardinal rule of not to hold more than 5 stocks at a time. I guess I'm just bullish (for now). :)<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 95%<br /><span style="font-weight:bold;">Cash:</span> 5%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com5tag:blogger.com,1999:blog-2617449711878948268.post-67749095710701939342009-07-20T18:35:00.011+08:002009-07-20T19:13:20.043+08:00Somebody didn't want to have her picture taken<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SmRLGLguuzI/AAAAAAAAADI/nq_iqJx9syA/s1600-h/Pitik-bulag.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 262px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SmRLGLguuzI/AAAAAAAAADI/nq_iqJx9syA/s320/Pitik-bulag.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5360492026019101490" /></a><br /><center>Who's she? Why is she camera-shy? :)</center><br /><br /><div style="margin:20px; margin-top:5px"><div class="quotetitle"><b>Answer:</b> <input type="button" value="Show" style="width:45px;font-size:10px;margin:0px;padding:0px;" onclick="if (this.parentNode.parentNode.getElementsByTagName('div')[1].getElementsByTagName('div')[0].style.display != '') { this.parentNode.parentNode.getElementsByTagName('div')[1].getElementsByTagName('div')[0].style.display = ''; this.innerText = ''; this.value = 'Hide'; } else { this.parentNode.parentNode.getElementsByTagName('div')[1].getElementsByTagName('div')[0].style.display = 'none'; this.innerText = ''; this.value = 'Show'; }" /></div><div class="quotecontent"><div style="display: none;"><br /><br />... Because it's her birthday today! Happy birthday <a href="http://pumpkinbeads.multiply.com/">Kayla_wonders</a>! <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/SmRL85DrzPI/AAAAAAAAADQ/cU9v8T1LZJw/s1600-h/Image036.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 262px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/SmRL85DrzPI/AAAAAAAAADQ/cU9v8T1LZJw/s320/Image036.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5360492965958241522" /></a></div></div></div><br /><br /><br />----------------<br /><br />Trades for the day:<br /><br />I dumped all my LC as Lolo (Felipe Yap, majority owner of LC and stockbroker) didn't want to cooperate. :( Good thing I still profited from it. :) I'll be keen to buy this back again if opportunity arises. I'm still holding on to the rest of my stocks. I'm looking at one holding company today. Technically speaking, it's a very good buy! Let's see tomorrow. :)<br /><br />PSEi did a great move today coupled with strong volume. Big foreign buying is cornered by Lopez stocks and some properties. Heavy net foreign sellers were present in banking. Market is still intact to retest again the recent high of 2,626. European markets are up by close to 2% and Dow Futures by 0.71% as of this writing. Oil and gold are up 2%! Time to brim up your cars!<br /><br /><span style="font-weight:bold;">Composition:</span><br />MEG = 32%<br />PAX = 16% (very disappointed)<br />WEB = 12%<br />Odd-lots = 3%<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 63%<br /><span style="font-weight:bold;">Cash:</span> 37%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com8tag:blogger.com,1999:blog-2617449711878948268.post-64463271566155279572009-07-17T19:50:00.011+08:002009-07-17T22:03:57.685+08:00July 15 and 16 tradesThe Dow went up by 1% yesterday afternoon (US time) after Nouriel Roubini's <a href="http://www.rgemonitor.com/roubini-monitor/257299/roubini_statement_on_the_us_economic_outlook">"rosier" US outlook</a>. It traded mostly flat in the morning. The Dow is now at 8,712 as of yesterday, which has confirmed the negation of the bearish head and shoulders pattern that I was saying on my <a href="http://stock-analyzer.blogspot.com/2009/07/july-14-trades.html">July 14 post</a>. It looks poised to test the resistance again in the area of 8,850. What worries me a bit is the volume.<br /><br />On the local front, we're enjoying a long weekend. No trading today because of <a href="http://newsinfo.inquirer.net/breakingnews/nation/view/20090717-215904/Storm-lashes-N-Luzon-Metro-Manila">tropical storm "Isang,"</a> which caused the curtailment of governmental work. So since there was no central bank work, therefore there were no clearing facilities, and no trading. :( Good thing was that the PSEi confirmed the 2,500 breakout with volume and good breadth. Weekly volume increased from Php12 billion last week to Php12.3 billion this week (sans the MER block trade on four trading days only). <a href="http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve">Moving Average Convergence-Divergence (MACD)</a> now showed a buy signal. We might test 2,626 pretty soon. :)<br /><br />-----------<br /><br />I increased my holdings on LC by 25%. I'm pretty happy with this one though it's now experiencing some resistance due to the 130 and 200-week moving averages. My average cost is 0.214. :)<br /><br />I bought some <a href="http://www.reuters.com/finance/stocks/chart?symbol=MPI.PS">Metro Pacific Investment Corp. (MPI)</a> thinking it will rise very soon as it was near the up trend support line. It did <strike>for a while</strike>, but was met by a brick wall at 6, and was sold down to 5.7. I decided to cut it one fluctuation lower than my cost as I don't think it's going anywhere for now. :(<br /><br />I sold PAX but buying it again at a higher price. :( Man! This is hard to time. My hunch is that a (big?) move is coming.<br /><br />I got a truckload of <a href="http://www.reuters.com/finance/stocks/chart?symbol=MEG.PS">Megaworld Corp. (MEG)</a> also, but it seems that the investors were experiencing some indecision as evidenced by the <a href="http://en.wikipedia.org/wiki/Doji">doji</a>. I realized afterwards that I had overexposed myself on this one. :( But with interest at all time low, I can't think of any way that this will not benefit property developers. Besides, OFW remittances are at record highs. :)<br /><br /><span style="font-weight:bold;">Composition:</span><br />MEG = 32%<br />LC = 25%<br />PAX = 15%<br />WEB = 11%<br />Odd-lots = 3%<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 87%<br /><span style="font-weight:bold;">Cash:</span> 13%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com2tag:blogger.com,1999:blog-2617449711878948268.post-38668686288843111252009-07-15T22:54:00.030+08:002009-07-16T00:34:19.569+08:00Of Cupcakes and MuffinsI've been blogging about the stock markets for quite some time now. My mind just needs a break from being a <strike>frustrated</strike> analyzer. Ahh... What break could be better than to write about the <span style="font-style: italic;">ultimate analysis of cupcakes versus muffins</span>?! Haha! Just kidding. I'm not in the mood to over analyze their differences for now. But, interestingly, according to this <a href="http://www.cakespy.com/2008/06/cupcakes-vs-muffins-epic-battle-and.html">site</a> I saw, a cupcake is defined as <span style="font-style: italic;">"a small cake, the size of an individual portion, baked in a cup-shaped mold,"</span> whereas the muffin is defined as <span style="font-style: italic;">"a small, cup-shaped quick bread, often sweetened."</span><br /><br /><a href="http://pumpkinbeads.multiply.com/">Kayla_wonders</a> and I had let our taste buds try <span style="font-weight: bold;">Little Miss Muffin Cafe</span> last Saturday. And to my surprise, according to the owners, there are indeed differences between cupcakes and muffins. I learned something new that day. Some delectable muffins they're offering (click to enlarge):<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_FQNhLsAl3pU/Sl33F69QzMI/AAAAAAAAACI/dj7JwyyN50U/s1600-h/DSC00062.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 300px;" src="http://3.bp.blogspot.com/_FQNhLsAl3pU/Sl33F69QzMI/AAAAAAAAACI/dj7JwyyN50U/s400/DSC00062.JPG" alt="" id="BLOGGER_PHOTO_ID_5358710812738374850" border="0" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Sl331meIZtI/AAAAAAAAACQ/1evtNfBeUA4/s1600-h/DSC00065.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 300px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Sl331meIZtI/AAAAAAAAACQ/1evtNfBeUA4/s400/DSC00065.JPG" alt="" id="BLOGGER_PHOTO_ID_5358711631872812754" border="0" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/Sl34fJj5DzI/AAAAAAAAACY/4sZa2If1hwM/s1600-h/DSC00066.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 300px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/Sl34fJj5DzI/AAAAAAAAACY/4sZa2If1hwM/s400/DSC00066.JPG" alt="" id="BLOGGER_PHOTO_ID_5358712345666850610" border="0" /></a><br /><center><span style="font-size:85%;">Regular muffins </span><span style="font-weight: bold;font-size:85%;" >Php25</span><span style="font-size:85%;"> each; Petite muffins (partially hidden) </span><span style="font-weight: bold;font-size:85%;" >Php10</span><span style="font-size:85%;"> each</span></center><br /><br /><br />Aside from that, they also offer rice toppings, desserts and other meals:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/Sl35ZrZbwqI/AAAAAAAAACg/_eoqjFFZWAE/s1600-h/IMG00157.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 320px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/Sl35ZrZbwqI/AAAAAAAAACg/_eoqjFFZWAE/s400/IMG00157.jpg" alt="" id="BLOGGER_PHOTO_ID_5358713351182205602" border="0" /></a><br /><center><span style="font-size:85%;">Here's what I ordered -- the </span><span style="font-weight: bold;font-size:85%;" >Little Miss Muffin Red Healthy Linguine</span><span style="font-size:85%;"> for only </span><span style="font-weight: bold;font-size:85%;" >Php85</span><span style="font-size:85%;">. Not only it tastes great, it's seasoned with a healthy dose of tomatoes too!</span></center><br /><br /><a href="http://pumpkinbeads.multiply.com/">Kayla_wonders</a> is a bit Filipina that day as she took the very native <span style="font-weight: bold;">Adobo Flakes</span> with rice garnished with fresh tomatoes and salted egg, plus a complimentary drink:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_FQNhLsAl3pU/Sl36bCVZYdI/AAAAAAAAACo/Xux2CigSUEE/s1600-h/IMG00162.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 320px;" src="http://1.bp.blogspot.com/_FQNhLsAl3pU/Sl36bCVZYdI/AAAAAAAAACo/Xux2CigSUEE/s400/IMG00162.jpg" alt="" id="BLOGGER_PHOTO_ID_5358714474030784978" border="0" /></a><br /><center><span style="font-size:85%;">All these for only </span><span style="font-weight: bold;font-size:85%;" >Php110</span><span style="font-size:85%;">! Oops! Don't be fooled by that drink that was half glass empty (we were just too curious that had few sips prior to taking this picture :) ).</span></center><br /><br /><br />For those who love food-related souvenirs, they're selling some polymer clay gift items too, care of <a href="http://pumpkinbeads.multiply.com/">Pumpkin Beads Gift Shop</a>. Visit that site as well for more items on sale at very affordable prices. See? Not only you got the chance to satisfy your palates, you can also bring home souvenirs that will surely make you crave for more food! Haha. Sneak peak of an item on sale:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://images.pumpkinbeads.multiply.com/image/3/photos/76/500x500/22/DSC00032.JPG?et=bFukuSoF1ls9VOjiuLlxLA&nmid=265974315"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 500px; height: 375px;" src="http://images.pumpkinbeads.multiply.com/image/3/photos/76/500x500/22/DSC00032.JPG?et=bFukuSoF1ls9VOjiuLlxLA&nmid=265974315" border="0" alt="" /></a><br /><center><span style="font-size:85%;">Cuppy-06 Bag Charm</span></center><br /><br /><br />Here is our photo together with the owners of the said cafe:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Sl39FBkeNoI/AAAAAAAAACw/zOD_7WPbmpM/s1600-h/DSC00059.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 300px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Sl39FBkeNoI/AAAAAAAAACw/zOD_7WPbmpM/s400/DSC00059.JPG" alt="" id="BLOGGER_PHOTO_ID_5358717394403341954" border="0" /></a><br /><center><span style="font-style: italic;font-size:85%;" >From left: </span><span style="font-size:85%;">Me, Shirley, Kayla_wonders and Joel</span></center><br /><br />Not bad if you're going to ask us. It's definitely worth coming back (it's my second time around to be honest). :)<br /><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/Sl4A-jFrbLI/AAAAAAAAADA/T3elO19EcaI/s1600-h/IMG00161.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 320px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/Sl4A-jFrbLI/AAAAAAAAADA/T3elO19EcaI/s400/IMG00161.jpg" alt="" id="BLOGGER_PHOTO_ID_5358721681188416690" border="0" /></a><br />Remember the name. It's located at 1311 Padre Algue corner Alvarado Extension Streets, adjacent to <a href="http://www.cksc.edu.ph/">Chiang Kai Shek College</a> (High School building), Tondo, Manila. They're open Mondays to Saturdays 9 AM till 7 PM.Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com6tag:blogger.com,1999:blog-2617449711878948268.post-24900281361127451942009-07-14T18:57:00.021+08:002009-07-15T00:37:28.523+08:00July 14 tradesDow Jones jumped by 2.3% to 8,332 last night on <a href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQ77htJFcniw">positive remarks by analysts</a> on the financial sector. Could this have negated the <a href="http://stock-analyzer.blogspot.com/2009/07/july-8-trades.html">head and shoulders pattern</a> (neckline was 8,200)?<br /><br />PSEi tried to follow suit reaching a high of 2,514 mid-trading day, but people were on "sell-on-rally" mode once again. Index hit a low of 2,484 before closing just 9 points higher than yesterday to 2,492. Some excitement brought to us by <a href="http://www.reuters.com/finance/stocks/chart?symbol=LC.PS">Lepanto Mining Corp. (LC/LCB)</a> due to "revived" rumors of Manny Pangilinan's (MVP) buy-in. LC and LCB shot up by 29% and 25%, respectively, on big volume particularly LC. Wealth Securities (code: 269) was the biggest buyer of the said securities today. Sympathy play trickled in to the rest of Felipe Yap stocks (<a href="http://www.reuters.com/finance/stocks/chart?symbol=MA.PS">Manila Mining [MA/MAB]</a>) and other mining issues as well.<br /><br />We saw today also the <a href="http://www.abs-cbnnews.com/business/07/14/09/piltel-completes-meralco-stake-purchase">block trade of MER</a> amounting to Php20 billion, which was the block purchased by MVP from the Lopezes at Php90 per share.<br /><br />------------<br /><br />I dumped BPC and SMCB today at a minimal loss because I think they were toppish. But I was whipsawed once again, this time by BPC. :( Some big buying by Macquarie and Regis on BPC brought it to close on its high at 2.42! Sigh. :( Thank God, I was able to hitch a significant portion of my portfolio on LC. :D It closed on its high at 0.225 (bid price) with gargantuan volume. I expect this to gap up tomorrow and continue its ascent. Technical analysis of LC below (click to enlarge):<br /><br />Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SlxtGBTPsXI/AAAAAAAAABg/QhZY2nzzFJg/s1600-h/LC+Daily+7-14-2009.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 207px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SlxtGBTPsXI/AAAAAAAAABg/QhZY2nzzFJg/s400/LC+Daily+7-14-2009.JPG" alt="" id="BLOGGER_PHOTO_ID_5358277606859846002" border="0" /></a><br /><br />Weekly:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SlxtcghF7eI/AAAAAAAAABo/CJBaZp91S8c/s1600-h/LC+Weekly+7-14-2009.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 207px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SlxtcghF7eI/AAAAAAAAABo/CJBaZp91S8c/s400/LC+Weekly+7-14-2009.JPG" alt="" id="BLOGGER_PHOTO_ID_5358277993196547554" border="0" /></a><br /><br />We can expect some resistance towards 0.25 then 0.28. Weekly <a href="http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont">Cup and Handle pattern</a> points to 0.36.<br /><br />I'm still holding on to WEB and PAX. Technical analysis of WEB and PAX below (click to enlarge):<br /><br />WEB Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SlxuZM9rMvI/AAAAAAAAABw/F2w5IWd15jw/s1600-h/WEB+Daily+7-14-2009.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 208px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SlxuZM9rMvI/AAAAAAAAABw/F2w5IWd15jw/s400/WEB+Daily+7-14-2009.JPG" alt="" id="BLOGGER_PHOTO_ID_5358279035919741682" border="0" /></a><br /><br />WEB Weekly:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_FQNhLsAl3pU/SlxulMCRnhI/AAAAAAAAAB4/f-ZsbVUKEuo/s1600-h/WEB+Weekly+7-14-2009.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 207px;" src="http://4.bp.blogspot.com/_FQNhLsAl3pU/SlxulMCRnhI/AAAAAAAAAB4/f-ZsbVUKEuo/s400/WEB+Weekly+7-14-2009.JPG" alt="" id="BLOGGER_PHOTO_ID_5358279241829031442" border="0" /></a><br /><br />WEB broke out from 0.0525 the other day. Price target is 0.06 to 0.0625 based on uptrend channel and weekly Cup and Handle pattern.<br /><br />PAX Daily:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_FQNhLsAl3pU/SlxvTj5BtLI/AAAAAAAAACA/0qF-MnsDA-c/s1600-h/PAX+Daily+7-14-2009.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 207px;" src="http://2.bp.blogspot.com/_FQNhLsAl3pU/SlxvTj5BtLI/AAAAAAAAACA/0qF-MnsDA-c/s400/PAX+Daily+7-14-2009.JPG" alt="" id="BLOGGER_PHOTO_ID_5358280038506673330" border="0" /></a><br /><br />I'm disappointed with PAX to be honest though this is still within the pennant pattern. <a href="http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands">Bolliger bands</a> are contracting, which is a sign that a major move is coming soon. Bull or bear? That's the question.<br /><br /><span style="font-weight: bold;">Composition:</span><br />LC = 21%<br />WEB = 13%<br />PAX = 11%<br />Odd-lots = 4%<br /><br /><span style="font-weight: bold;">Portfolio invested:</span> 49%<br /><span style="font-weight: bold;">Cash:</span> 51%<br /><br />----------------------------<br /><br /><span style="font-size:130%;">Incidentally, tomorrow is my dad's <span style="font-weight: bold; color: rgb(255, 0, 0);">57th</span> birthday. Advanced happy birthday dad! I'm glad that you're trying to live a healthier lifestyle now. :D</span>Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-29487911325457242222009-07-13T19:40:00.004+08:002009-07-13T23:23:41.313+08:00July 13 tradesPSEi respected the 2,500 resistance today. But it seems that I succumb to the temptation of buying some <a href="http://www.reuters.com/finance/stocks/chart?symbol=BPC.PS">Benpres Holdings Corp. (BPC)</a> and <a href="http://www.reuters.com/finance/stocks/chart?symbol=web.PS">PhilWeb (WEB)</a>. For BPC, I think breakout was confirmed this morning with accompanying volume, but it seems there's an impending resistance at 2.40 above. Hmm... Initially, I was just to day-trade this stock, but it seems to have lost some steam towards the end of the day. So I just decided to hold on to this one.<br /><br />As for WEB, I was really intrigued by it's strength today coupled with big volume as well. Looks like it has finally broke out of its consolidation. Big buyers today are Solar and Belson. The special stockholders' meeting will be coming soon!<br /><br />I'm still holding on to my other stocks.<br /><br /><span style="font-weight:bold;">Composition:</span><br />BPC = 22%<br />SMCB = 17%<br />WEB = 13%<br />PAX = 12%<br />Odd-lots = 4%<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 68%<br /><span style="font-weight:bold;">Cash:</span> 32%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-87608872789014153302009-07-10T17:38:00.005+08:002009-07-10T17:58:01.699+08:00Got bored today...I didn't do anything today; I just watched our listless market whipsawing here and there. We're nearing 2,500 already! I was initially tempted to day trade <a href="http://www.reuters.com/finance/stocks/chart?symbol=ORE.PS">Oriental Peninsula Resources (ORE)</a>, but decided to withhold my itchy finger. Whew! :)<br /><br />Hindsight:<br /><br />I have to admit it was my greed that prevented me from riding SCC. <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_FQNhLsAl3pU/SlcPthicunI/AAAAAAAAABY/HMBlvJXycN4/s1600-h/SCC+7-10-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 207px;" src="http://4.bp.blogspot.com/_FQNhLsAl3pU/SlcPthicunI/AAAAAAAAABY/HMBlvJXycN4/s400/SCC+7-10-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5356767556551883378" /></a><br /><br />I wanted to buy at 31 because I thought it would fill the gap before bouncing because it was already oversold. But it didn't. 31.50 was the most recent low, and I missed it by just a fluctuation! <span style="font-weight:bold;">ARRRGGGGHHHH!!!!!!!</span> That's 27% down the drain! <Banging my head on the table>Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-75739594205822314792009-07-09T15:34:00.009+08:002009-07-09T17:14:34.796+08:00Crappy day tradesI have nothing much to comment today except that the market was led by MER again and many "basura" stocks (third liners). Pretty boring day for me except for that I lost some while day trading--you guess it right--MER! :( OK, I did regret not buying this yesterday, now I regret even more that I made a crappy day trade. I'm still a newbie in day trading, because usually after the time I sold my holdings, that's the time it will rise. <span style="font-weight:bold;">Arrrgghhh!!!</span> Good thing I just lost a little. I need to read about <a href="http://www.investopedia.com/articles/trading/06/DayTradingRetail.asp?viewed=1">this</a>.<br /><br />I was supposed not to buy anything today due to my bearishness, but it seems like that our market was a bit resilient. Got some PAX again (Oh no! Am I falling in love with this stock? Not good.) and <a href="http://www.reuters.com/finance/stocks/chart?symbol=SMCB.PS">San Miguel B (SMCB)</a> today. I was intrigued at the ability of PAX to <a href="http://www.investopedia.com/terms/w/whipsaw.asp">whipsaw</a> people, but pennant is still intact. Buyers have slightly picked up today, but were met with a wall of sellers towards 2.60. I was hoping that PAX will return to the limelight again. It seems that we might have a third liner frenzy soon based on what I saw today. :)<br /><br />The reason why I got SMCB was that it bounced off the 57 uptrend line support two days ago with even better volume today, and because of the MER-SMC connection play. Though this is less volatile than MER, I'm at peace as I know I won't get whipsawed here and there. :)<br /><br /><a href="http://www.bloomberg.com/markets/stocks/futures.html">Dow Jones Futures</a> up by 0.55% as of this writing. Gold seemed to have broken down of US$916 last night. USD is very weak against Yen.<br /><br /><span style="font-weight:bold;">Composition:</span><br />SMCB = 17%<br />PAX = 12%<br />Odd-lot stocks = 4%<br /><br /><span style="font-weight:bold;">Portfolio invested:</span> 33%<br /><span style="font-weight:bold;">Cash:</span> 67%Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com0tag:blogger.com,1999:blog-2617449711878948268.post-51530596334147983942009-07-08T14:34:00.014+08:002009-07-09T17:13:44.243+08:00July 8 tradesOK. What I find so liberating in the market today was that <a href="http://www.reuters.com/finance/stocks/chart?symbol=LIB.PS">Liberty Telecom (LIB)</a> stockholders are finally liberated (all puns intended)! From the previous price of just 0.20 about 3 years ago, this stock opened at 1.50 and devouring every single seller mercilessly up to 3.05 in just about 10 minutes from the opening before closing at 2.95. Most of the trades were done around 2.85 to 2.95. We should take special note of the <a href="http://www.investopedia.com/terms/b/blocktrade.asp">block trade</a> at 3.25 amounting to some Php1.9 billion, bringing LIB all the way to the top of the most active stocks of the day. (Thinking out loud: Where did the 50% ceiling go? This stock shot up by MORE THAN 1000% today!)<br /><br />Aside from LIB stealing the limelight, it has been a pretty boring day. PSEi went down by 10 points on a measly Php1.5 billion turnover (sans the LIB block trade). I guess it was just that many are on a "wait and see" mode these days. Below is my technical analysis of PSEi (click to enlarge): <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_FQNhLsAl3pU/SlRG7H8Z64I/AAAAAAAAABQ/ncacV2qhzcg/s1600-h/PSEi+7-8-2009.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 382px; height: 400px;" src="http://4.bp.blogspot.com/_FQNhLsAl3pU/SlRG7H8Z64I/AAAAAAAAABQ/ncacV2qhzcg/s400/PSEi+7-8-2009.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5355983838408993666" /></a><br /><br />PSEi is hugging the uptrend support line for a few days already. With diminishing volume, I'm really wary about this. Resistance is still pegged at 2500, while support is at around 2,440. If we'll see a <span style="font-weight:bold;">convincing</span> breakout soon, I expect this market to test 2,626 again. If it will breakdown, we can see some ample support below at 2,350 (previous low), 2,300 (38.1% retracement), and 2,200 (50% retracement and 65-day moving average). <br /><br />I can't accurately say where we're heading moving forward, but taking cue from the US markets, especially the <a href="http://www.menafn.com/qn_news_story.asp?StoryId={EA05E45E-46FD-4ACB-8E93-BE6878B4C7A6}">Dow Jones Industrial Average (DJIA)</a>, which broke down from the neckline (at 8,200) of the <a href="http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_t">head and shoulders pattern</a> last night, I'm a bit bearish now. You can refer to the the intraday charts of DJIA on the right part of this blog. Moreover, RSI of PSEi is now below (and testing) the 60 mark, which was also once a resistance.<br /><br />Due to my bearish mood, I sold all my positions today, except for the odd-lot stocks I have. Odd-lot stocks are those stocks below the normal number of shares required for trading, so I can't sell it (for now). I sold all my PX at 7.5 only to see it go higher towards the end of the day. :( Anyway, a profit is still a profit. Got rid of PAX as well at 2.42. Admittedly I got whipsawed here. I thought it's going to breakdown already by the movement of the price (refer to my analysis on my previous post). But just to give me a peace of mind, I decided to sell even though pennant is still intact not taking into consideration the trip down to 2.36 at some point of the day. Let's see tomorrow what will happen. PAX hit a high of 2.48 on measly volume before closing unchanged at 2.44.<br /><br />I'm dumbfounded at MER today. It seems that it's not respecting its resistance (closed at 169 today). There must be something brewing with MER and other Lopez stocks. I didn't enter this again. Hopefully I won't regret it tomorrow. :)<br /><br /><span style="font-weight:bold;">Composition:</span><br />Odd-lot stocks = 4%<br /><br /><span style="font-weight:bold;">Cash:</span> 96%<br /><br /><br />** By the way, heard that <a href="http://www.reuters.com/finance/stocks/chart?symbol=SCC.PS">Semirara Mining Corp. (SCC)</a> won the Calaca Power Plant bidding over <a href="http://www.banpu.co.th/eng/profile/index.php">Banpu</a> today. Tune in for the news!Lesterhttp://www.blogger.com/profile/15238182447394382282noreply@blogger.com2