Egypt is all over the news because of its own version of a People Power happening against its decades old President, Mubarak. The Global financial market remains to be shaky as it awaits positive development over the situation. The PSE has not been exempted from the uneasiness, as the market has dropped down by 88 points.
Surprisingly, my portfolio wasn't greatly affected as most of my holdings remained intact. MPI, though currently at a negative, did not go down; in fact it showed strength up to the close. As for my other "loser", FDC, it was bought up by ATR at the close (thus, just a temporary rise).
For today's trade, I was able to sell half of my MPI as it went up to 3.64, transferring risks on to EDC which went down to 5.77. MPI has been showing strength these past few days, but I really need to start transferring my hold on to the more reliable stocks which I believe in.
For AGI, I should have sold earlier (last Friday) as my indicators already show short term weakness. Will have to wait again when CCI reaches its top for a sell. COL has released its latest study on AGI, and has increased its tp for this stock. The increase in AGI's value is heavily attributed to its gaming business such as that of Resorts World, which has just opened last year. Industry comparisons also favor AGI over its competitors (i.e. AC).
Watchlist:
One of my favorites: SCC
I should buy once it breaches towards the lower Bollinger bands. Traded strongly on a weak market yesterday.
Tuesday, February 1, 2011
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