Tag: MARC

PSEi new high; PNB-Allied Merger in Jeopardy?

Posted by AiDz – March 6, 2012

The PSE Index – 5 March 2012

Sure enough, the PSE Index closed above 5,000 last week. It even made a historical high today closing at 5,030.58. (+14.28 points or +0.24%). Friday’s close was the anticipated break from the 5,000 psychological resistance, gaining 77.69 points at 5,016.30.

Gainers outpaced losers 92 to 71, while 40 issues were unchanged.

PSEi Index-March-5-2012

Stocks which are Breaking New Highs

Notable gainers today are Marcventures (MARC), which brokeout from its symmetrical triangle pattern, with a significant volume at 3.12 (+22.35%). Phil. Estate Corp (PHES) closing at its highest price since 2007, at 0.61 (+10.91%). Wellex Industries Inc (WIN) trailing behind at 0.40 (+10.91%). Oriental Peninsula Resources Group (ORE), testing its previous high, closed at 6.12 (+7.75%). Philodrill Corp (OV) also closed on its new high at 0.055 (+5.77%). Among the index stocks, Ayala Land Inc (ALI) closed with an impressive +5.24% gain at P22.10, its new all time high.

PNB-Allied Bank Merger in Jeopardy?

DoubleFacepalm

I just got an email alert from Google on Philippine National Bank, PNB (You should also setup email alerts in Google for your stocks Winking smile) which read “SEC, BSP asked to stop merger of PNB-Allied Bank.”

Just when many of us been expecting this merger and a target price of P70/share, then suddenly comes this Government issue!? The “Government” already halted the rally of mining stocks because of its Executive Order, see “EO on Mining to Take Time” then this? What’s next? What the hell ?!?! Steaming mad

Anyway, let’s analyse PNB’s chart. I’m seeing a bearish divergence between the price and Force Index. So there’s already a signal last Friday to sell. If the market reacts on this news tomorrow, we might see PNB’s share price to go down to 64, which I hope not. Will this be an opportunity to buy, take profit for the meantime or cut your losses early? That’s for you to decide.

PNB-March-5-2012

Here’s my quote of the day from Brian Tracy Smile from his book “Eat that Frog”

An old saying is that “If the first thing you do each morning is to eat a live frog, you can go through the day with the satisfaction of knowing that that is probably the worst thing that is going to happen to you all day long!” Your “FROG” is the one you are most likely to procrastinate on if you don’t do something about it now!

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PSEi Lost 14.63; MARC 2011

Posted by AiDz – July 26, 2011

The PSE Index – 26 July 2011

The PSE Index closed lower on Tuesday, at 4,465.87 as it lost 14.63 points. Market breadth was negative as decliners led advancers, 79 vs. 53, while 49 issues were unchanged. All sectors were on the red except for Services and Mining & Oil Sector.

PAL, failed to lift off as it dove instead at P5.82 or -9.06%. PWR was still losing power as it closed to 2.00 or -13.04%.

Notable gainers were ZHI (+12.9%), ORE (+9.32%) and MARC (7.66%). The most actively traded stock was the heavyweight TEL, which closed at 2,398.00 or +0.25%. SCC stalled at 240.00, while PX and LC are coming back to life, up by 1.04% and 0.88% respectively.

 

MARC 2011

Marcventures, MARC, has the potential to move up tomorrow as it peaked in volume and went to as high as P2.38 though it failed to test the immediate resistance at 2.39, eventually closing at 2.25. Target price is at 2.70, its previous resistance, which was 0.0027 last year then next TP at 3.10, which was 0.031 last year.   

MARC - 26July2011

I remember trading this last year while it was still coded as AJO and trading at 0.035-0.045 range  (at 0.01 par value), a favorite of jockeys, until they changed the stock code to MARC and changed its par value to 1.00.

I hope it will not fail me this time. :D

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PSE approves Cebu Air’s IPO, finally!

Posted by AiDz – September 17, 2010

The PSE index is still on a correction phase as it closed lower at 3,979.35, down by 26.11 points from yesterday.

I sold all my SLI shares at 2.28/2.26 which I bought at 1.88, a 21% gain for only 6 days! (Thank you Lord) I then shifted to ORE and bought at 3.30 but closed at 3.18. The other stock that I acquired due to its buying volume was MARC, at 0.019. ;)

My TP for MARC is 0.022 and TP for ORE is 3.50. I still have MPI shares, as long as it will stay up above the support of 3.60, i’ll hold.

On the other hand, JG Summit Holdings Inc., JGS‘ shares went up from yesterday’s 21 to 22.8 because of the approved initial public offering, IPO, of its airline unit Cebu Air Inc (operator of Cebu Pacific). The IPO will be priced on October 8 and will list the shares on October 25, 2010.

More details on Reuters.

In my opinion, this is the most anticipated IPO so far in the Philippine stock market. I’m certain that this will be a success and it will help Cebu Pacific to dominate the South East Asian skies.

How can we capitalize on this offering? We can either buy JGS’ shares or buy Cebu Air’s stock, if your broker announced the right to purchase an IPO. Most of the time, a stock price during the offering shoots up rapidly and you can do a quick profit from it. But after a weeks to a few months, the price will correct itself, it’s up to you if you’re in for the long term. But I think Cebu Pacific is a good investment in the long run since budget airlines are the most cost effective way to travel nowadays.

Well… October will be an exciting month! The Philippine stock market will be making history!  :D

Cebu Pacific Logo courtesy of Cebuinformer.com

pnoytrader.com

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