Watchlist (April 25-29)

Here is my watchlist for the trading after the Holy Week (April 25-29).  Updated comments are in Blue (as of day 1 - April 25)

Will try to update this later, and see if my analyses have been correct. These are based on technical analysis.

Watchlist:
Immediate:
FDC - buy more at 4.91 - Stingy bid as the lowest price for the day is 5.02 (heavily weighted at 5.05). Closed at 5.07 (day 1)
MPI - buy if breakout from 5 mo. downtrend at 3.93 sell if 3.79 (nearing breakout level)
EDC - buy if breakout at 6.83.  Sell if bounce down.  SPT at 6.5(bounce from ST trendline support)
MA - buy 15k at 0.036 31% fib retracement after high volume - lowest was .037. maintain bid. closed at .039
URC - 36.13 madc uptrend and buy  - 37.2 (fib 38% from high); bought at 37.25, closed at 37.4 (day1) buy again if it exceeds 37.48. TP : 40
TA - buy at 1.3 (50% retracement and at support) 25k - lowest at 1.31 close at 1.34
AGI - SELL -   11.94 - day's high was only up to 11.92
MEG - breakout ascending triangle - 2.37 strong trend from DMI 25k (verify FA) - buy less than 2.41 strong DMI; TP: 2.54
RLC - breakout from 5 mo. downtrend.  buy at 13.38 (verify FA) - change buy at near SPT 13.04. channel to sideways at 13.96
LPZ - 5.75 breakout from previous high and after a flag. off to bullish DMI - opened at 5.84; close at 6.04.  weak dmi.  Just wait until it corrects to 5.78
FLI- breakout from 5 month downtrend. buy at 1.27 - buy at 1.3  - 1x risk. opened at 1.32 high at 1.35

Indifferent:
HLCM - buy at support at 12.62.  low volume though - Open and Close 13; highest at 13.4. sideways with RST at 13.85
CMT - buy if convincing volume/breakout. currently at ST support 1.64 - rising wedge leading to sideways.  must not break 1.62
BEL -  (sm owned 66%)  Casino project by end of year  - support for sideways  catch for falling knives at 5.31 RST at 6.11 - sideways at 5.32 to 6.12 (day 1 close at 5.67) buy at 5.47
PX - HOLD; sell if cross with 16SMA - sell if below 17.67, else LT TP at 19.42

Avoid:
LC- .524 -50% retracement - too high - revisit if at .56
LCB - .57 50% retracement - too high - revisit if near .64
SCC - down trend channel -revisit if near 230
ICT - 45.39 (still on a high) overbought - revisit if it reaches 47
SECB - revisit if it breakouts 98 

ORE - avoid - 5 mo downtrend

TA

Finally, was able to attend COL's Technical Analysis seminar (part I).  The TA seminars are usually scheduled on the afternoon; and since now is my summer vacation, I already have time to attend.  Part I focuses more on the trends and patterns in charts.  Oscillators and indicators have not been discussed yet.

Though I have self-taught myself in TA, there are still lot of methods I have to correct on my system.

Speaking of TA, its namesake stock has already breached its breakout point coming from a symmetrical triangle.  This, considering with an increased volume is a definite BUY for me.  I have posted my GTC order at its 50% fibonacci drop off.  I hope I could get some before it goes high flying soon.

March 2011 Performance

I am now going back closely to my previous high with regard to the amount of my equities.  Starting around November, Philippine stocks buckled away from its bullish trend as it underwent consolidation.  I even added up on my capital at the start of the year, which in hindsight was not good timing since prices continued to go down.

Mutual fund companies posts an average of around -3% YTD gain.  Based on my COL account, my YTD gain is -0.66%, already quite close to break-even.  If I am able to maintain this rate, dividend income coming in this April would be able to lead me out of the negative region.  This is definitely a relief for me since I have experienced reaching higher losses up to more than 10% during the first 2 months.

As per month-to-month performances, cash earnings went up by 1.23% while my total equity portfolio improved by 2.62%.  Below are the list of current stocks that I have:

Core:  (Long term investment based on growth potentials and that are heavily traded)
AP
EDC - after consolidating for many months.  It seems 2nd quarter would be EDC's time to shine.

Value: (Usually less liquid stocks but has growth potentials or is extremely undervalued)
AMC
FDC - I plan to accumulate more at 4.2 levels.  The firm would at one point, need to jack up its stock prices before its SRO.  They need to increase their float before November 2011, or else tax incentives as a listed company would be forfeited.  There are also plans for East West banks IPO this year.

Speculative:
PCOR - Bought this due to current prices of oil being high.  Unfortunately bought at a high, and I'm still not sure if it was the right thing to do during the time.  PCOR is more on oil distribution.  Could've explored more into oil drilling business instead (i.e. PERC)
PX - Bought this due to rumors on the PX and MA deals.  PX was relatively less risky as compared to MA, although I think MA should benefit more from the deal.  Latest news reveal that if ever the deal would push through, PX would get 60% while MA would get 40% on their deal on MA's mining rights.  Capital expenses would be provided by PX though.

Swing:
AGI - Trading at a range from 11.3 to 12.  I'll take advantage of it in order to lessen my losses.