SCC, Good to Go, Sir!

With a DOW-J closing at +48 last weekend, PSEi has been on an extended rally and remains bullish until now.  Index gained 70pts today and is already near the 4000 mark.  This can be easily broken by tomorrow as the Philippine stock market is currently enjoying a positive momentum.up:gucci handbags

MEG is a strong winner today, having its stock and 2 warrants included in the top10 gainers.  I saw MEGW2 bottom out at 1.10 this morning, too bad I wasn't ready to enter into new grounds yet.  MEGW1 and MEGW2 closed at 1.3x levels while MEG is strong at 2.3.

I have been busy handling my 2 stocks this morning: SCC and EDC.  EDC had a gap up from 5.26 to 5.31 until its ascent to 5.47.  As soon as I sensed the decline of prices, I was able to sell my shares @5.44 (9:44am) having a favorable 10.26% net profit.  A shakeout occurred making EDC reach 3.35 before going back up again towards the end, closing at 5.5.

I plan to re-enter in EDC allotting 25% @5.34 and 50% @5.27.  Buy during 10am onwards.

I remain bullish with my SCC despite having a shakeout with the price dipping towards 137.  During the shakeout, I was able to buy 60 shares at the first drop at 140, then another 40 shares at 137.  At around 1030am, it went regaining back up to the close at 141.9.

I am hoping for a gap up tomorrow, as the MACD signals a buy for SCC.  Will see if it could breach the 145 mark by tomorrow.  I plan to sell my first 200 shares at around 145, then re-enter at 136, if able.