Category: Philippine stocks

PSE Index Now at 4,805.80

Posted by AiDz – February 9, 2012

The PSE Index – February 8 2012

The PSE Index closed 4,805.80 today, adding 49.82 points from yesterday’s close. All Shares closed 3,255.06 or +46.82 points. Market breadth was positive with 121 gainers  versus 48 losers; another 41 issues unchanged.

Finally, JGS was on the most actively traded index stock and finally gained 5.79% closing at P26.50/sh. I knew that this stock would go way back up after the sell down of foreign brokers. UBS, Deutsche and H.E. Benntt were the top buyers. We might be seeing a higher target price, which is above P28.50. This holding company might be a good candidate for a long term investing, 3 years at least, if you have the patience to wait.

JGS-9Feb2012

 

EVER Again?

This stock resumed its momentum after pouring a huge volume, H.E. Benntt bought 15M shares at 0.2980 while Bernad Securities bought 10.79M shares at 0.2982. Today, it closed on its 30-day high at 0.31 (+11.32% on today’s close) with one of the biggest recorded volume since 2007 at 165.93M shares. If it breaks 0.31 tomorrow, then 0.40 is the next resistance.

EVER-9Feb2012

Good luck on your trades!

I’ll now leave you with one of the quotes of an American author and motivational speaker, the late, Jim Rohn. “Success is something you attract by the person you become”

This means, Success is not something you pursue, rather it’s something you attract by becoming an attractive person. Think about it Winking smile

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PHL Stocks to Continue its Uptrend

Posted by AiDz – February 6, 2012

The PSE Index – 6 Feb 2012

As expected, the PSE Index rose 57.76 points or +1.21% to close at 4,816.33. Market breadth was positive; 112 gainers against  59 losers; another 36 issues were unchanged. It seems that 4,900 will be reached before the end of February. Winking smile

WIN-PHES and FPI

The WIN-PHES tandem broke their silence before the closing bell as they closed at +20% and 17.02% respectively. You may also notice Forum Pacific Inc (FPI) during the momentum of these two stocks since it’s also a Gatchalian company. Though, it’s not yet being noticed by the rest of the public since all eyes are on WIN-PHES tandem. You may want to give a second look at FPI Winking smile

WIN-6Feb2012PHES-6Feb2012

Based from Pivot points, (R3) the target price for WIN is now at 0.71, while PHES is at 0.67. I’m seeing another buying frenzy tomorrow Open-mouthed smile

JGS Bid side at the Close

I noticed the Bid Volume of JGS at the market close and showed a strong demand at P25.25. That’s 2.2M Bids against 100,000 Ask?! If there’s really huge bid, it should show tomorrow at the pre-open prices on JGS. I’m seeing a gap-up, wish me luck Winking smile

JGS-BidAsk-Feb6

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PSEi Lost 63.51, JGS Fell 11%

Posted by AiDz – February 6, 2012

The PSE Index – 3 February 2012

The Philippine stocks on Friday, did a market correction as it lost 63.51 points after making another record high (4,822.08 points) on Thursday, 2 Feb 2012. The PSEi closed at 4,758.57 points. Market breadth was negative with 107 losers versus 79 gainers; another 32 issues were unchanged.

2012-3Feb-PSEi

We might see an uptrend continuation on Monday as US Markets were up on Friday’s closing, next target at 4,800, then 4,900.

JGS Sank 11% after Selling 215M shares at P25/Share

JG Summit Holdings (JGS) nosedived to P25.25 or -11.40% after releasing a disclosure saying that it raised US$125 million from a private placement of 215 million existing shares sold at P25 each. “The transaction was done in order to widen the shareholder base of the company, and as a response to strong demand for the company’s stock.”

Credit Suisse sold a total of 4.887M shares at P25.28 average, CLSA sold 4.2M shares at P25.28 average, Deutsche sold 3.426M shares at an average P25.36.

2012Feb3-JG Summit Holdings Inc-JGS

Now, if you’d ask me, a 12% discount from Thursday’s closing price of 28.50 is an irresistable offer! I was able to buy at an average of P25.39, I know that it’s a big gamble on my part but I feel that this stock might not go further down, if it will, my stop loss is at P24. If my speculation is correct, i’m seeing an upside of 12.6% (P28.5). I also think that there’s nothing fundamentally wrong with this holding company and the selldown was only caused by market noise and is only temporary. Just as Warren Buffet said, “try to be fearful when others are greedy and greedy when others are fearful.” ;)

3913681-business-partners-holding-a-wad-of-cash-while-smoking-cigars-and-drinking-cocktails--isolated

LMG’s Up Down Swings

I just read this article on Interaksyon.com about LMG Chemicals, COCKTALES: Brother scalps eldest brother in LMG market play LMG.

So if you’d notice the price of LMG went down 30% on 26 Dec. 2011 then skyrocketed to as much as 592% in less than 2 months! Well, that’s the reason. I’m just wondering what will happen to Diversified Securities since they’re the broker who crossed the transaction, will they be charged of insider trading by the SEC? For all those LMG holders, good luck to you guys, we might see a plummeting stock once again…

2012Feb-LMG Chemicals Corporation

Warren Buffet’s quote doesn’t apply to LMG, instead, we need to find out how to “short” this stock haha! :p

WIN-PHES Tandem

The WIN-PHES tandem is still on a retracement (50% at best), if 0.44 for WIN and 0.40 for PHES holds, then they might continue to go up. But if it doesn’t make sure you know how to exit quickly. In my own opinion, as long as these support numbers are respected, we might be seeing a higher target price.

Image from 123RF.com

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