Tag: PSEi

PSEi, PWR 3rd Day; Gold in LC

Posted by AiDz – July 14, 2011

The PSE Index – 13 July 2011

The PSEi rebounded strongly from a downturn as it gained 53.91 points or +1.24% to close at 4,404.00 after 5 days from hitting an all time high.

The upswing was pushed with the help of the Mining and Oil sector gaining 4.41%, led by ORE, APX, LC, and MA.

Technically speaking, the Index retraced down until 61.8% Fibonacci level, will it break the previous high of 4464.23 on Thursday? I’m optimistic that it will… ;)

July 13 2011-PSEi

 

 

Day 3 of PWR

East Asia Power Resources Corp, PWR, is still on top of the charts, now closing with an amazing 24.22%! This is more than what I’m expecting. For all the shareholders who are still keeping their “PWR bars” congratulations! The 2.0 target “might” be possible. This is really a wonder stock like GERI.

 

Gold of LC/LCB

My bet for LCB waned as it closed not on a high but on 1.17 from an all time high of 1.23. On the other hand, LC, gained 10.89% closing at 1.12 which led the most Active stock. If LCB will not perform tomorrow, I’m shifting to a new one.

 

Another Wonder Stock Brewing

Something’s brewing and I’ve read rumors that this company will be acquired by a well-known property giant, exclude PWR on your guess. Curious? I’ll let you know tomorrow. ;)

As of this posting, 2:10 AM, the US market snaps a 3 day losing streak on Bernanke’s View. You might ask me why am I writing blogs on a 2 AM and have to wake up at 6:30 AM to go to the office? Because I like it! :D

I’d appreciate if you leave your creative comments or responses below.

Good luck and let the grace keep pouring in. Amen! :)

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PSEi Drops Further as US Markets Fall; PWR Up

Posted by AiDz – July 13, 2011

The PSE Index

The PSE Composite Index continues to correct as US Markets lose ground on Euro debt woes, specifically on Spain and Italy. It closed at 4350.09, shedding off 25.77 points. All shares closed at 3,045.70 losing 22.59. Decliners led Advancers 50 vs. 97 while 35 issues unchanged. Only the Mining and Oil Sector closed on green today, adding 494.80 points.

As we look at the chart of PSEi below, it already reached 61.8% Fibonacci level, it retrace down further to 4293 at 50% Fib. level.

2011-13-Jul-PSEi

 

PWR Surge!

While every issues are falling down on July 12, East Asia Power Resource Corp (PWR) surged to its highest level at 1.42 and eventually closing at 1.28, a whopping 33.33% increase in one day!

My conservative target was effortlessly hit at 1.17 and 1.20. ;)

On its latest disclosure on PSE website,

“per results of the tender offer, no stockholder tendered his share. Hence, CPI directly and indirectly acquired 93.583% of EAPRC.”

A report from Bloomberg states that…

“Century Properties Inc. completed the purchase of shares in East Asia Power equivalent to a 93.6 percent stake for 127.4 million pesos ($3 million), a stock exchange filing showed.”

Now that Century Properties completed the takeover of PWR, what now? Will the buying frenzy continue? We haven’t seen any press release yet from the CEO, Mr. Jose Marco Antonio on their future plans for PWR which is now, unofficially, Century Properties Inc.. Will PWR experience the same price movement like LND, now known as GERI, when it was taken over by AGI? My gut feel is yes, considering the assets under management by CPI. So, is P2.50/share for PWR possible? It’s probable but not impossible. ;)

So let’s take a look at PWR’s chart below.

If the momentum continues on Wednesday, July 13, I’d be expecting a target price of 1.47-1.65, if not, let’s see if 1.00 holds, which I’m pretty sure it will.

 2011-13-Jul-East Asia Power Resources Corporation

 

Watch out for LCB

If you’ve already sold your PWR, congratulations! Not bad for a 30% increase in a day. I’m now closely watching Lepanto Consolidated Mining B, LCB, as it closed on Tuesday at P1.15 or a +10.6% gain. Why LCB not LC? Because LCB is open to foreigners and has a wider upswing and leading price than LC.

Good luck and thank God for the winning trades! :)

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PSEi regains 15.61; View on MPI

Posted by AiDz – July 10, 2011

PSE Index

The PSEi regained 15.61 points to close at 4,391.46 or 0.35% after a 2 day decline from an all time high of 4439.61 on July 5, 2011.

Market breadth was positive and foreigners were net buyers by P3.445 billion.

Will the bull run continue? We’ll find out this week… ;)

Metro Pacific Investments Corp, MPI

Here are some good news on MPI.

“MPI disclosed that it raised Php8.6 Billion by selling 2.4Bil common shares at Php3.60/sh.  The funds raised will be used to finance its expansion in the toll road business, although no other details were disclosed.” – CitisecOnline

MPIC sells share to fund tollway ventures – BworldOnline

2011Jul-MPI-Metro Pacific Investments Corporation

Personally, I like trading this stock, buying from 3.60 and selling above 4.0. If you don’t have MPI yet, you can buy (at your own risk) now at 3.60, my Target Price at 4.0-4.20.   ;)

Good luck on your trades!

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