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.
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.
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 
