FDC Countermeasure

FDC broke my heart, but I still believe in the fundamentals of this stock.  The problem is that it has low float, thus can be easily abandoned by impatient short term traders.  As a consolation, at least I didn't put much yet on this stock and so there is still room to add for more, if I really choose this to be one of my core holdings. (Current core: AP and EDC).

Here is the 1 year chart where I may plan to buy more shares once an STS buy would be triggered.

Reasons why I still believe in this stock:
1.) Undervalued, with current P/E at 10x.
2.) Impending IPO for one of its earning subsidiaries: EastWest Banking.
3.) FDC plans for a 2PO but would not want to sell at current low prices.  This 2PO is needed in order to increase the company's float from less than 10% to about 33%.
4.) Intact earnings, with sugar having high prices this year.  (subsidiary: Pacific Sugar Holdings).

After Another Major Correction

And so FDC disappointed me badly, currently having a 24% loss (!!).  The big price drop was due to the ongoing market correction, and was pushed further by the retraction of FDC in stock offerings due to the low price (which ironically made it lower).  I'm still holding this for the long term, albeit recognizing it as a stuck for now.  I still believe it is a fundamentally good stock, however, with its low float, I'm not sure when will it start going up again.  I am actually tempted to buy more to average down however, I am still studying some other options (stocks), hopefully to regain short term losses.

Some notes:
DMC- Director Sid buys at around 32.6, so it should be safe at those levels.  Probably average down at that price in case it goes lower again.
AMC- Milk prices are projected to go up.
AGI- c/o MEG is currently looking good at this down market.  Seems like property stocks are slowly going back in play.

Watchlist:
PCOR- with oil prices looking to go up, this stock may be cheap at these levels.  Plus good volume on the past 2 days.  Buy at 14.37.

FDC

My first time to look at FDC's charts, I have noted that a bullish pennant has been formed.  On the next trading day, it was traded with gusto gaining impressive volume signifying a valid positive momentum.

FDC (Filinvest Development Corporation) is the parent company of FLI (Filinvest Land) and EastWest Bank.  The company is also involved in the production of sugar (Pacific Sugar Holdings Corporation).  East West Bank plans to do an IPO, probably  this year, so this should be a good thing for FDC.

Looking at the Price-Earnings ratio, FDC has increased its EPS from .23 in 2009 to .52 in 2010.  My personal TP for now would be 8.56, assuming stable growth and earnings.

I am including this stock to be among my watchlist for this year, which already include AP, DGTL and EDC.

Personal Recommendation:  BUY

14%

Pulled a fast one on ELI.  Bought yesterday near the close at .64, then sold at .74 for a 14% gain.  I think this is my biggest for a 1 day trade so far.  The stock opened immediately at 10% gain, which is very impressive.  However, it hit a wall at .75, with the heavy selling of Tower Securities.

I guess I'm just too scared to play speculative stocks for now.  I have no assurance that I could monitor it anytime now that grad school has started once again.

I think ELI would further go up especially when Tower has finished selling.  Some traders say tp is on the 1- levels.  For now, with my current losses on the blues after the January correction, I'm locking in on profits for an added boost, and will eventually go back to my favorites. 

For the next trading day, I have posted some buy orders for AP at around 27.15.  Foreign brokers seem to be accumulating at current levels already.

Book of ELI

Tried to trade a speculative stock today in the name of ELI.  After hearing this tip from a fellow online trader, I checked the charts immediately.  I may be already too late for the day as the price has just formed a very long candle stick with large volume.  But since I it's just the first day, hopefully I am still on time to ride the wave and so I got myself some shares at .64.  The day ended with ELI giving me a break-even price at .65.  Hopefully tomorrow, it would start flying.

As for the rest of my portfolio, it improved just a bit, no thanks to another declining spree for AP.  I still have faith on this stock, but it seems it is still finding its bottom.  I do hope it stop now, and at least give me signs that it will push back up eventually.

Bumpy Ride Ahead

 From now on, I shall classify my holdings accdg to my investment plans.
Yesterday and today was bloody as hell.  I wasn't able to monitor today as I went out to play tennis instead hehe.  PSEi now in almost flat 4000.

Core (Long term)
AP - based on the latest candlestick, it might go down more.  RSI shows nearing oversold conditions.  Trade for profit at 28.76?
EDC - Range trading for now. 
AMC - I rarely monitor this hehe.

Momentum
AGI - If it shows strength tomorrow, it should be a good sign as it would bounce from its lowest RSI, and will confirm reversal, based on the hammer candlestick.
DMC - Break down.  May still continue descent until it gets oversold.
MPI - Must remain above its support at 3.86

watchlist
SCC -  buy at 180.  Bounce back at 178.
LND - buy at 1.46.  Stop at 1.26

First Blood!

The last 2 trading days was a bloodbath for most traders, especially today.  My paper profit from DMC and AGI had just been wiped out! I am currently holding Blues, which should have been traded on the swing. 

For the past few weeks, gains only come from the 3rd liners.  Because of this, I was tempted to enter in this so-called "basura" (garbage) stocks, with CYBR as target after its ceiling play last weekend.  Well, for now, the stock might be in consolidation mode, especially since the market was generally down today. 

I haven't had any gains yet since the start of this year.  I really should start thinking about swing trading the Blues, before any major trend comes up.  Or, just tell myself to be patient hehe. 

AP and DMC had a big drop today.  I've checked AP's previous charts and saw the 30 initial support.  Added shares @29.8, however it closed down further to 29.  I hope it doesn't continue to go towards a down trend.

Stocks to watch:
SCC - formed a bullish pennant.  Just wait for a rise in volume.

Before Classes Starts

I'm trying to take advantage of what little vacation I have left, in order to be able to monitor the market.  However, the PSE seems to be on a lull.  Except for speculative stocks providing profits, the usual blues are still in consolidation mode.

A short look on my current holdings:

AGI - Waiting for a breakout at 13.16.  Failed.  Sell on Strength.
AP -  Consolidating.  Buy the Dips
DMC - Hold. Maintaining Up Trend
MPI - low volume, but still continuing up trend.
EDC - Resistance at 6.15.  HOLD for now.  Generated 2 Buy signals (MACD and DMI)

First Trade For The Year! (2011)

Entered again into AP after seeing a strong open.

AP - Jan 3

I'm thinking that I might have entered too early, but perhaps to justify this trade I'll just classify it as a position entry.  Since AP is one of my top 3 picks for 2011, I am hoping I have entered just right in time as it regains its positive momentum.  So far, volume is not yet convincing, and the prices haven't reached breakout yet.  Green signals tomorrow would confirm the much coveted BUY signal for this stock. Bought @31.75, but closed 1.24% lower.

Next, I am loving the graph of MPI as it shows a convincing breakout.

MPI on Jan 3

It's a bit bad I was a trading day late to enter this stock.  On a technical basis, MPI has triggered a buy signal at the end of last year but I skipped notice to this since I was more into entering my list of fundamentally strong stocks.  It is only when I saw that current day prices was going beyond the upper Bollinger band, that I got convinced to buy. 

Come to think of it, during the last few days of last year's trade, I was dismayed for not being able to enter MER at my desired price points (now at 240 level).  Good news!  This is my chance to ride the wave as MPI has significant hold on MER.  Not to mention, toll fees have increased effectively at the start of this year. Bought near the close @4.14 (from a high of 4.17), ending just a notch higher @4.15.

2 stocks for a day.  One based on Fundamental Analysis, the other on Technical Analysis.  Hoping to start the year right with the right picks! :)