I did this before with ORE and was quite successful with it. Lately, MA has been enjoying substantial increase on its prices due to the news that PX has been interested on one of its mines. I am tempted to get some MA shares because of this, but as soon as PX had a mysterious drop yesterday, PX seemed like a bargain for me.
I was able to buy near the low at 14.3, with ATR being a major seller this morning. Despite the positive news on the earnings of PX and the nearing ex-dividend this March, major brokers (foreign) went out and shifted towards AEV. The MCPI has reportedly adjusted the weights of involved stocks, and AEV greatly benefitted from it. Meanwhile, ICT and PX bore the decrease in prices due to the lessening of their weights.
I used my "sideline" money in buying PX and some of PCOR (oil play). I've got to replace this ASAP. Possible sources would be from AGI (good thing prices went up for a gain) and DMC (slightly negative).
Showing posts with label ORE. Show all posts
Showing posts with label ORE. Show all posts
Tuesday, March 1, 2011
Saturday, December 4, 2010
End of November --> Finals Week
The long-awaited market correction has finally come, and I have not been spared. On the beginning weeks of November, I was able to cash in profits coming from AP and ORE after a month's hold, with 33% and 20% gains respectively.
During the first dip of the market correction, AP and ORE have been among the few that didn't get affected. I thought of selling my ORE to lock-in profits, then shift towards stocks that gained new lows; thus, shifting to DMC. Turns out, the correction has not yet reached bottom, so for a few weeks, my portfolio went down to as far as -7%.
Though I didn't intend to, I was holding a diversified portfolio of 7 stocks; thus, was able to lessen the risks on the volatility of the market. My hardest-hit stock is URC, which currently sports a -13% paper loss (even reaching -17%). I can imagine now that if I would need to maintain lesser stocks in my portfolio, I also need to be critical of my cut loss points.
As of the end of November, my realized cash gains were 7.08% while the standing of my portfolio is at -5.41%. As of this writing, on the first weekend of December, the market has bounced up, and I hope this would not be what they call a "Dead Cat Bounce". I am looking for ways on how to reposition myself.
So far: (PD)
AGI - hold. May now as well continue trending up. Signals have just crossed on the MACD line. This might be a good Xmas stock, as lots of people will surely flock the casinos in Pasay = good revenues. :D
URC - trading above EMA levels and nearing a MACD cross. A hold for now, but ready to shift once a good choice would be decided upon.
DGTL - For the nth time, seems like the market is still not interested with the DGTL story. The telco industry in general shows lackluster performance in the market. This stock got hit by the correction, now at around 7% loss in my portfolio. I need to reposition again from this stuck.
ORE - Supposed shipping for December has been reported to be delayed up to next year, thus stock price showed some weakness during these past days. Although my hold for this stock are actually just residuals from a partial sale before, I really should find a window in taking profits from this.
EDC - Still at 4% paper loss. MACD shows a resting phase, in which we may see a rise in the future if only there would be favorable news enough to push the stock price back to top.
--
Seems like I will just be holding my stocks up to year end. My first trimester in grad school is about to end, and I have been busy again. I hope I would have more fruitful trades next year.
Monday, November 15, 2010
Consolidation
The 2nd week of November proved to be a bloody one as the long awaited correction has finally come. I held on mostly to my stocks since I was still busy with the midterm exams. By the weekend, my total portfolio went down to about 5% from last month's equity. Not bad, I guess since I now have a diversified portfolio, albeit a bit shamefully with 6 stocks hehe. Most of which was due to some "stuck" situations leading to a hold. I do hope I could get out quickly, to organize my portfolio to a hold of up to 3 core stocks only.
My biggest losers were EDC and URC with around 10% loss each. EDC has been reported to be fundamentally good, despite consolidating for 2 months now. As for URC, no news from it yet, but I think it wouldn't be able to rise back again up for my gain. I plan to shift it towards a moving stock, perhaps like SCC; thereby, readying myself for a loss.
Good thing I was able to sell my ORE (although not all of them), before the rundown. This gave me a chance to buy DMC at a low (but not so low). On the 2nd day of market decline, I thought it was already a good buy. Only to realize days after that the correction is not yet finished. DMC went to a low of -8% last weekend.
Today, market produced green candles, although with low volume. I guess we're still on a consolidation phase, but at least this may signal a near reversal in the future. This may be a reaction to Pacquiao's win over Margarito yesterday as local investors have been on a good mood. :) Or, let's just say a lot have already been buying, thinking it's time to shop for lows. If on Wednesday, the market would pick up again, then that would be a good signal for the rebound.
From a -5% month-to-date loss last weekend to a -1.5% loss today, I'd say my portfolio is still doing good.
A recap on my most recent trades:
a.) AP --> AGI : I got out of AP thinking of a MACD cross at the top. Only to find out that AP's reign is not over yet. In fact, AP has been one of the few stocks still left standing despite the correction. I think next time, it is still better to wait for the cross, then sell on strength.
b.) ORE --> DMC: ORE still seems to be a good hold, however with the ongoing correction, I did the right thing of selling on profit and moving to a "cheaper stock". ORE didn't have a selldown yet, while DMC went down from a near-40 to a 35.
c.) DGTL: I am comfortably positioned on this Telco, especially with a very positive 3Q earnings report. While TEL and GLO went down, DGTL seems to pick up the pace for the industry. Definitely a turnaround story. Unfortunately, I just have a relatively minor hold on this stock.
d.) EDC : It's a bit hard to trade this stock for the long term. I guess it is not yet ripe for the year. It usually gets a parabolic rise, then consolidates roughly. So far, fundamentalists have a good say on this stock (now that it's on its lows), so I'm still holding on for now.
e.) URC : I will just see how far it could gain on the next few days, then will surely transfer to a better moving stock. Seems like URC has been on its high now at the 40ish range.
PD:
EDC- 23.5% (5% paper loss)
DMC- 17.4% ( break even)
URC- 16.3% ( 9% paper loss)
AGI- 15.4% (3% paper loss)
DGTL- 12.7% (2.2% paper gain)
AMC- 9.6% (1% paper loss)
ORE- 3.7% ( 19% paper gain)
cash - 2%
My biggest losers were EDC and URC with around 10% loss each. EDC has been reported to be fundamentally good, despite consolidating for 2 months now. As for URC, no news from it yet, but I think it wouldn't be able to rise back again up for my gain. I plan to shift it towards a moving stock, perhaps like SCC; thereby, readying myself for a loss.
Good thing I was able to sell my ORE (although not all of them), before the rundown. This gave me a chance to buy DMC at a low (but not so low). On the 2nd day of market decline, I thought it was already a good buy. Only to realize days after that the correction is not yet finished. DMC went to a low of -8% last weekend.
Today, market produced green candles, although with low volume. I guess we're still on a consolidation phase, but at least this may signal a near reversal in the future. This may be a reaction to Pacquiao's win over Margarito yesterday as local investors have been on a good mood. :) Or, let's just say a lot have already been buying, thinking it's time to shop for lows. If on Wednesday, the market would pick up again, then that would be a good signal for the rebound.
From a -5% month-to-date loss last weekend to a -1.5% loss today, I'd say my portfolio is still doing good.
A recap on my most recent trades:
a.) AP --> AGI : I got out of AP thinking of a MACD cross at the top. Only to find out that AP's reign is not over yet. In fact, AP has been one of the few stocks still left standing despite the correction. I think next time, it is still better to wait for the cross, then sell on strength.
b.) ORE --> DMC: ORE still seems to be a good hold, however with the ongoing correction, I did the right thing of selling on profit and moving to a "cheaper stock". ORE didn't have a selldown yet, while DMC went down from a near-40 to a 35.
c.) DGTL: I am comfortably positioned on this Telco, especially with a very positive 3Q earnings report. While TEL and GLO went down, DGTL seems to pick up the pace for the industry. Definitely a turnaround story. Unfortunately, I just have a relatively minor hold on this stock.
d.) EDC : It's a bit hard to trade this stock for the long term. I guess it is not yet ripe for the year. It usually gets a parabolic rise, then consolidates roughly. So far, fundamentalists have a good say on this stock (now that it's on its lows), so I'm still holding on for now.
e.) URC : I will just see how far it could gain on the next few days, then will surely transfer to a better moving stock. Seems like URC has been on its high now at the 40ish range.
PD:
EDC- 23.5% (5% paper loss)
DMC- 17.4% ( break even)
URC- 16.3% ( 9% paper loss)
AGI- 15.4% (3% paper loss)
DGTL- 12.7% (2.2% paper gain)
AMC- 9.6% (1% paper loss)
ORE- 3.7% ( 19% paper gain)
cash - 2%
Monday, November 8, 2010
1 More Exam To Go...
ORE
Beware for a shooting star has been spotted. JAP is on the buy at an average of 3.89. I wonder if my exit should be immediate, or at least would let JAP gain some points before selling earlier than him. Currently thinking to sell at 3.95 (today's close at 3.81) after today's high at 4. 3.95 got a volume trade of about 5%.
EDC
Waiting for a breakout… really now.
URC
Trading sideways
DGTL
Sun Cellular subscribers surpass 16M. I knew it that this stock was going to be worth investing prior to the quarterly reports. Now with TEL down, GLO reporting saturated growth, it's time for DGTL to shine! Too bad, I was just scared to increase my hold on DGTL. I treated this the same way like AMC. For the long hold.
AMC
zzzzzzzz
Beware for a shooting star has been spotted. JAP is on the buy at an average of 3.89. I wonder if my exit should be immediate, or at least would let JAP gain some points before selling earlier than him. Currently thinking to sell at 3.95 (today's close at 3.81) after today's high at 4. 3.95 got a volume trade of about 5%.
EDC
Waiting for a breakout… really now.
URC
Trading sideways
DGTL
Sun Cellular subscribers surpass 16M. I knew it that this stock was going to be worth investing prior to the quarterly reports. Now with TEL down, GLO reporting saturated growth, it's time for DGTL to shine! Too bad, I was just scared to increase my hold on DGTL. I treated this the same way like AMC. For the long hold.
AMC
zzzzzzzz
Monday, October 18, 2010
Ole Ore!
Last night, after finishing my part on the case study of Reagan Deficits, I noticed that a friend who works for ORE posted at Market Mirror some pictures of actual mining developments. If his info is correct, shipments are currently in preparation, which means cash for the company + shareholders.
At the open of today's trade, ORE's prices increased starting from 3.14 up to a high of 3.22. I nearly chased all the way up, good thing I didn't as prices went back down to 3.16 at around 10am. 3.16 was the first pivot point for this week, and so I considered buying. The stock played further down to 3.13 and then settled at 3.15.
Judging the charts, it is still on the uptrend and have rested a bit. I am hoping by tomorrow, it would break out from 3.25 given the significant increase in volume today. MTM2 indicator also shows a positive.
Gus Cosio has been an advocate of ORE about a month ago, as he relies on the "story". It is also good to note that FAMI (whom Gus may be affiliated to) has ORE on its list of stocks for its Equity program.
PD: Oh no! 6 Stocks!
AMC - 9.76%
AP - 15.68%
CMT - 11%
EDC - 25.24%
URC- 17.89%
ORE - 18.93%
AP remains to be my cash cow for now.
At the open of today's trade, ORE's prices increased starting from 3.14 up to a high of 3.22. I nearly chased all the way up, good thing I didn't as prices went back down to 3.16 at around 10am. 3.16 was the first pivot point for this week, and so I considered buying. The stock played further down to 3.13 and then settled at 3.15.
Judging the charts, it is still on the uptrend and have rested a bit. I am hoping by tomorrow, it would break out from 3.25 given the significant increase in volume today. MTM2 indicator also shows a positive.
Gus Cosio has been an advocate of ORE about a month ago, as he relies on the "story". It is also good to note that FAMI (whom Gus may be affiliated to) has ORE on its list of stocks for its Equity program.
PD: Oh no! 6 Stocks!
AMC - 9.76%
AP - 15.68%
CMT - 11%
EDC - 25.24%
URC- 17.89%
ORE - 18.93%
AP remains to be my cash cow for now.
Saturday, October 2, 2010
September Ends
Quite a fruitful trading month for me. For my actual cash gains, I managed to net 7.26% relative to last month's closing equity value of my portfolio. If I cash out everything on September's end (I am currently holding 5 stocks), I could increase it to 9.87%.
Recap:
August (5.13% cash earnings; 2.69% End of the month equity value)
- For this month, gains in equity value was lesser than actual cash earnings due to a slump in the market at month's end. Gains were credited from a long position at ALI (1month) and a momentum trade with MPI (10 days). Getting out of JGS too early, when it was on an uptrend was a mistake. I was just too hasty in taking profits after being stuck with the stock for nearly a month. Got a bit lucky with 3rd liners NI and ORE with an attempt in range trading. Nearly got bitten by an ORE downtrend but was able to escape at break-even.
September (7.26% cash earnings; 9.87% End of the month equity value)
- Significant improvement in trades. Played shifting with some 7 stocks on the momentum. Implemented some top slicing on my core stocks such as SCC and EDC. Swift gains coming from ALI and MPI.
==
DS foresees some major correction on October as the August and September markets have been in overbought conditions. I have increased my cash positions which would be reflected on this month. Cautious trades are advised. Now that I am busy with my graduate studies, I plan to try to implement a buy and hold strategy on fundamentally good stocks, starting with the power sector.
PD:
EDC - 30%
AP- less than 20%
CMT - less than 20%
FGEN - less than 20%
SCC - more than 5%
cash - more than 5%
(note: CMT is a "cement stock", while SCC is a cross between power and mining)
Recap:
August (5.13% cash earnings; 2.69% End of the month equity value)
- For this month, gains in equity value was lesser than actual cash earnings due to a slump in the market at month's end. Gains were credited from a long position at ALI (1month) and a momentum trade with MPI (10 days). Getting out of JGS too early, when it was on an uptrend was a mistake. I was just too hasty in taking profits after being stuck with the stock for nearly a month. Got a bit lucky with 3rd liners NI and ORE with an attempt in range trading. Nearly got bitten by an ORE downtrend but was able to escape at break-even.
September (7.26% cash earnings; 9.87% End of the month equity value)
- Significant improvement in trades. Played shifting with some 7 stocks on the momentum. Implemented some top slicing on my core stocks such as SCC and EDC. Swift gains coming from ALI and MPI.
==
DS foresees some major correction on October as the August and September markets have been in overbought conditions. I have increased my cash positions which would be reflected on this month. Cautious trades are advised. Now that I am busy with my graduate studies, I plan to try to implement a buy and hold strategy on fundamentally good stocks, starting with the power sector.
PD:
EDC - 30%
AP- less than 20%
CMT - less than 20%
FGEN - less than 20%
SCC - more than 5%
cash - more than 5%
(note: CMT is a "cement stock", while SCC is a cross between power and mining)
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