The PSE Index – 22 February 2012
The PSE Index lost 42.90 points today, Feb. 21 2012 after the previous day’s high. It closed at 4,900.94. Decliners outpaced advancers, 97 to 79; 36 issues unchanged.
Index stock leaders are: AEV +3.41%, ICT 3.48%, SCC +0.56%, DMC +0.32%. While Index losers are ALI -3.72%, SMPH -4% and EDC -3.68%. New 52-week highs for Oil stocks OPM/B, and OV; while EEI touched 5.50 and PSE at 356.
I’d think that this is a healthy correction before the index can move further to break the 5,000 level.
PH Lends to EU Countries
A breakthrough in our Philippine economics history, based from this report, “PH enters IMF creditor list, lends to EU countries“
As of January 2012, our GIR (Gross International Reserves) is at a record US$77B! 
Hold on, what’s a GIR? GIR is composed of reserve position in the International Monetary Fund, foreign exchange, gold reserves, special drawing rights (SDRs) and foreign investments. It is the main indicator of the country’s liquidity and ability to pay for the imports and service foreign obligations. –Wikipilipinas
It is now only a matter of time before we get the most coveted Investment Grade rating from Fitch, Standard & Poors and Moody’s Investors. 
PHES Ran Up before Closing
It seems that PHES has risen again closing at P0.58 +19.59% with 17.3M Bids unserved. The interesting part is that Credit Suisse bought 9M shares at 0.5090. Hmmm?? something’s brewing here… Will the WIN-PHES tandem reign again? 
EEI Bearish Divergence?
The chart of EEI seems a breakout of 5.2, but it looks like it’s creating a bearish divergence between price and Force Index, or price vs. MACD. It’s enticing to buy a rallying stock but in EEI’s case, i’ll just wait for a correction or i’ll just pass.
The Who?
Don’t you think that this stock has a pretty looking chart?
A good balance of winning and losing is important. If you just win all the time, you won’t get anything out of it; having some tough losses can be really important.
-Andrew Shue
