Tag: Philippine stocks

Stocks that Can Make or Break You

Posted by AiDz – January 18, 2012

The PSE Index – 17 January, 2012

The Philippine stock market closed in a positive territory after two days of profit taking. The PSEi added 63.84 points to close at 4,642.76. Gainers outnumbered losers, 113 vs. 59; while 37 issues were unchanged. We might be breaking a new high tomorrow, 18 January, as the US stocks jump today after Chinese data fueled the belief the government may move to stimulate growth. The next psychological resistance for the PSE index is 4,700 points.

2012Jan17-PSEi

Speculative Stocks – WIN and EVER

Wellex Industries Inc. (WIN) – after closing to its previous high and an above average volume, WIN, might continue its upward movement this week. Based from the pivot points, price targets will be at R1=0.42, R2=0.45 and R3=0.50. Support is at 0.25.

2012Jan17-Wellex Industries Inc-WIN

Ever Gotesco (EVER) – EVER is now showing signs of bullishness after breaking out of the kumo or cloud and increasing volume for the past 3 days. We might expect a near term resistance at 0.20. If you’d take a look on its previous high at 0.30, this stock has still lots of potential upside.

2012Jan17-Ever

The stocks I’ve mentioned above are highly speculative but with a great potential, it’s up to you if you want to take the risk, just make sure you minimize it. As for me, I just love to trade volatile and liquid stocks. Good luck and happy trading. ;)

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Philippine Stocks to break 4,400 in May?

Posted by AiDz – May 3, 2011

The Philippine Stocks

The PSE index gained 7.25 points Monday, May 2, closing at 4,326.76.

The Mining and Oil led the sub indices adding 356.36 points.

Philex Mining (PX), Lepanto Consolidated Mining A (LC), Nickel Asia (NIKL), Semirara Corp (SCC) were some of the most active stocks on the mining sector.

Here’s what I’ve gathered from the “Broker’s information” tool of CitisecOnline, these are foreign brokers which usually drives up the local market:
-Deutsche Regis Partners bought P54.75M worth of FGEN, sold P23.55M worth of VLL.
-CLSA Phil. sold 17.93M worth of LCB
-JP Morgan Sec. bought P27.75M worth of EDC, sold 16.15M worth of SCC
-UBS Sec. Phil. bought 6.85M worth of LC, 31.32M worth of PX
-DBP-Daiwa Securities sold 26.75M of DMCI
-Macquarie Sec. bought 22.57M of PX, sold 26.22M of DMC

 

In stocks, there’s an old adage “Sell in May and Go Away” or “Halloween Indicator” in the belief that the period from Nov-April have a stronger growth than other months.

In my opinion, this is the opposite with regard to the Philippine stock market. I am now expecting the PSE index to reach the previous high of 4,400 points this month, as I can see more and more dividend payouts by companies with better than expected earnings and; this is what the chart is telling me. I might be wrong but it seems like we’re getting there…

2011May-PHISIX

 

My Stock Picks

Cebu Air

 

might be a bit late when you enter since it rose above P80 last Friday.
CEB Take Profit:100~112   Stop Loss:75

2011May-Cebu Air Inc

 

Philex Mining

broke it’s previous high of 18, the next resistance is at 20.
PX TP:20   SL:17

2011May-Philex Mining Corporation

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The Importance of Cutting Losses… early

Posted by AiDz – August 13, 2010

Sorry guys, my predictions last night were all wrong, the Philippine stock market fell hard and lost 39.70 points! :(

I’m not surprised though since the Dow Jones Industrial Average was much worse than ours. Tonight, US stocks opened lower at 10,305 points and continues to slide after weak jobless figures.

It has been almost two years since Lehman Brothers’ bankruptcy (Sept 13, 2008), and we’re still in the global recession. This is my first time that I’ve experienced a recession since I didn’t care about the Asian financial crisis when I was in college (freshman year). I didn’t even care if investors, traders, businesses are getting burned or wiped out during those times since my parents are my financers haha!

I’ve been eagerly waiting for the bull market. People say that on a bull market, you just close your eyes and pick any stock, and no matter what, your stock pick will go up!? LoL I wish that’s true…

Good thing I was able to “cut loss” or sell my shares at a lower price early and stayed out for now. I really don’t believe in “lost opportunities” I just know that in order for you to survive in any trades (forex or stocks) you need to master the art of cutting losses. As Juanis Barredo, CitisecOnline’s VP, says, “cutting losses should be a no-brainer for you.” I strongly believe that there are still other opportunities on other stocks so don’t be afraid to cut your losses on your favorite stock or any stocks when the trend is not on your favor. The gains from your profits and your hard work from past trades will be worthless if you’re always praying for the trend to reverse. One of the mentors from Chartnexus here in Singapore once told us that a friend of his didn’t want to cut her losses on a particular stock that she got at around S$5/share until it went down to as small as 50-25 cents/share and lost her millions, I’m not sure of the true figures but I hope you get the picture. Regardless, the lesson learned here was, don’t hesitate to cut your losses early.

If you don’t want to do a “cut loss,” you can just wait for your stock to go up, but the question is… how long can you wait?

Good luck for our PSE tomorrow, let’s just hope for the best! Goodnight! :)

pnoytrader.com

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