June 2011 Performance

June was a rollercoaster ride as stocks went down then came back up, retracing from a slightly downward channel.  Cash out profits actually came from cash dividends based on May's ex-dates.   Good thing these dividends were bigger than my losses for the month of June.  These losses primarily were due to AT.  Ironically, it was a bear trap as AT bullied itself through becoming one of the current flavors in the market nowadays.  I nearly did the same thing with PX, fortunately I wasn't that fast enough to cut my losses yet.  PX and AT rose and broke some new highs at the end of this month.

Halfway through the month, my portfolio was at a negative diminishing all gains up to the beginning of the year.  Thankfully, there was a technical rebound bringing back my gains; and hopefully, creating a new bull session after breaking out of the channel.

My portfolio grew around 2.11% from last month, lower from May's performance of 6% (best month so far).  Anyway, a gain is a gain.

My YTD (Year to date) performance compared to the PSEindex and my mutual fund (ATR Kim Eng) is as follows:
ScIoN Fund:   4.92%
PSE Index:      1.15%
ATR KimEng: 0.61%

Pretty much very nice to see since I could somewhat say I have "beaten the market"... for now. :D  But I do know a lot more people who has more impressive portfolio gains ranging from the 20s up to near 100% gain (undiversified).

My current portfolio composition:

June
AP	22.9%
FDC	12.7%
TA	9.4%
LC	8.9%
PX	8.7%
URC	6.4%
LPZ	6.3%
MPI	3.5%
OV	3.5%
SCC	3.3%
Exposure	85.8%

As for Sector composition:
Oil & Energy: 39.09%
Mining: 17.68%
Holdings: 22.5%
Food: 6.4%
Cash: 14.2%

Picks of the Week [June 21-June 24]

This week's a short one due to today's holiday with respect to the Philippines' National Hero, Dr. Jose Rizal on his 150th birthday.  I wouldn't mind the short trading time since the market is still on sideways anyway.

I am still guarding in on my current holdings, not being able to check a lot of stock charts for this week.  The stock that I have that seems to have potential in going up would be AP as evidenced by the strong close last Friday.

Investors should be wary though, since this may only be temporary especially when forced closings are not sustainable.  But looking on Friday's data, S.B. Securities and DBP-Daiwa were responsible from the sudden jump of the stock's prices, considerably with volume.  I see this as a bullish sign.  Interestingly, DBP-Daiwa seems to be shifting its funds to AP and SCC, both of which I have.

*  I am happy to discover ChartNexus which offers its charting software for free, with PSE data also available.  If only its add-on, XpertTrader is also free, then I would be able to automate my trading system. hehehe

May 2011 Performance

I'm getting the hang of using excel and so I hope that my posts and record-keeping will be more organized.  I had 14 trades for the month of May, quite a lot for a month I guess.  Well, I really had the time to trade since it's our summer break.

Month to month performance:

Equity rose by 6%.  

1.68% of it were realized through cash.

For what matters most is my YTD (Year to Date) Performance in which I reinvested all my gains from last year:

Realized gains is at 2.88%.

Equity at 2.76%.

--> Equity percentage being lower than the realized gain, means that my portfolio is a bit down due to the currently sideways market.

Composition of stocks

AP	21.0%	-2.38%
FDC	13.0%	-1.61%
TA	9.7%	-14.86%	SRO shares not yet included which would reduce the loss.
LC	9.1%	6.13%
PX	8.9%	-0.94%
URC	8.8%	14.42%	Gains from Cash dividends yet to be recognized
AT	6.8%	1.19%
LPZ	6.5%	-2.24%
SCC	3.4%	-4.43%	Gains from Cash dividends yet to be recognized
Exposure	87.1%

 

 Remaining 12.9% is Cash which is pretty much standard for me as this is the allocated portion for my "revolving fund".  The colored figures on the right is the actual standing of my holdings, whether it is up or on the negative.

The next table shows my exposure with respect to industry.

Power	24.4%
AP	21%
SCC	3.4%
Oil	9.7%
TA	9.7%
Mining	24.8%
LC	9.1%
PX	8.9%
AT	6.8%
Holdings	19.4%
FDC	13.0%
LPZ	6.5%
Commodities
URC	8.8%

  Shows that I am now a bit heavy on Mining and Power which when combined takes half of my portfolio.  I was able to get out of certain stocks which I held for a long time.  Most of my current stocks are relatively new ones, and that explains why most are in the red -- due to slight correction.  I got shaked out of EDC, which was one of my core stocks.  Unfortunately for me, it was just a bear trap when it touched 6.3s going back up to as high as 6.8.

I can say I am more confident with my portfolio as compared to before.  All thanks to technical analysis and some trend following pointers I have learned.  Looking forward to the coming days!

Picks of the Week [May 30-June 3]

My choices for last week were BEL and AT.  However, due to the general slump of last week's index these 2 stocks also followed in the decrease of stock prices.  BEL for last week was more of a "cautious buy" since there have been no breakouts yet.  During the first 2 days of trading, prices went back to support level; thus, no buy orders were made.

As for AT, I made a mistake interpreting the chart.  My labeling of a "bullish flag" was incorrect, and should have just been a range trade.  As a result, I entered at a slight high of 17.70, instead of just waiting at a lower price near 17.21.  Good thing I entered with just a small position.

For this week, I only have 1 pick and it is PX.  With the upcoming stock dividend in terms of new PPC (Philex Petroleum) shares and a breakout for a new high w/ volume, this is definitely a top pick for me.  I entered with a small position because I felt I was a bit late, even buying at the close.  I guess that's the price to pay with holding a lot of stocks (more or less 10), gives difficulty in terms of monitoring.  Since this is a strong buy for me, I am still waiting for dips near 20.  I just saw the 10 year chart and wow, in hindsight, PX has been a very good investment through the years!

For this week, I tried using the weekly charts instead of just the dailies.  This would be a great exercise for me to not only be dependent on daily charts.  Besides, if I am going to speculate for 1 week, it makes more sense to use the weeklies.

And since I had some sort of trouble monitoring all my current holdings plus waiting for "promising" stocks, this time around, I'll just concentrate first with what I already have.

SELL
EDC- sell on strength.  slower upward channel after breaking UT. RST at 7.17 but might fall down to 5.67. [sell at 6.52 or 6.38]
SCC - correction- downward channel .  sell at RST at 222.26 or at least 214.11. Possible to go down further

HOLD
AP- downward channel to sideways since Nov 10. Range trade SPT at 25.86, lighten at 32.7.  Major SPT at 23.45 (130SMA). 
FDC- major RST at 7.7 (old high). UT still intact and in line with 130SMA.  Start buying if it reaches at least 4.8.  Weak DMI (+)
URC- potential cup and handle. major RST at 46.9 (high). SPT at 65 SMA at 37.79.

Strong BUY
LC- strong DMI (+).  cautiously buy at .78 (dips).  SPT at .74; RST at .93
PX - strong DMI (+).  breakout from new high.  buy near 20 SPT.

Cautious BUY
AT - sideways to up.  R1: 17.68; R2: 20.17.  major SPT at 14.86.  wait for breakout to buy (hammer and buy MACD signal). 
LPZ - UT intact.  retesting major RST 6.6. DMI gaining strength (+).  trend line SPT at 5.61. start to buy at 6.2 to 5.99
TA- must hold 1.05 SPT.  sideways from 1.05 to 1.38.  wait further for a bounce before buying near 1.05


On Monday, TA Stock Rights offer at Php1 will be given. 

Cliffhanging

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.

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

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%

Left Behind

My original plan of selling CMT and shifting it to SCC (or DGTL) was a good one.  Unfortunately, today's gap up for SCC (at around 10 pesos higher!) got me left behind.  SCC was consolidating and so I thought it would take a day or two for movement yet.  I guess, prices below EMA should be a good buy sign for SCC from now on.  I am hearing tp's ranging from 200-250, still far way off at the current price.  I still vow to enter, probably on the next wave.

Aside from not being able to ride SCC, my next bet was DGTL and I had my order posted at 1.56.  The fish didn't bite as it only went down to 1.57.  I'll probably wait for Tuesday again to enter.

Unfortunately for my CMT, it even went up high today reaching 2 levels!  Damn, call that an insult hehehe.  Well, it happens.

Tuesday, Oct 26 will be the debut of Cebu Pac's IPO in the stock market.  I hope it does well as I have URC in my portfolio.  My professor isn't attracted with CEB, and advised to go away for the meantime from Gokongwei stocks due to this.  Let's see what happens.

Next week, is another busy one for me!  5 more case studies (will be presenting 2) and our very first exam on a Saturday.  Wish me luck! :)

Cement Stuck

Got into a bull trap with CMT almost a month ago, after buying the stock in response to its long green candle the previous day.  Right now, as the market is consolidating, I have decided to take my loss and hopefully position to a more reliable stock.  I am starting to analyze some financial reports on these companies, and cement stocks like CMT may be as speculative as the mining stocks.  With the bull market today, I would rather place my bets on the usual winners.

Earlier this morning, there was a bomb threat at the PSE building; thus, trading got halted.  I have posted my sale order for CMT at 1.86, then suddenly Asia Sec bought up at the close, from the trading price of 1.81 to 1.88.  I think this had also happened during the past few days as CMT was trading at low volume, but maintained green candles at the close.  Something's cooking in here, but I'd rather stay away from now.  It may be possible that CMT will go high in the coming days, but this may just be because of a jockey.

Meanwhile, my "buy on the news" ORE have reached a max paper gain of 11% on its 3rd day!  Although it has already retracted back at 3.43 at the close.  When I was still monitoring the market this morning, ORE was at the 3.53 level.  It would have stayed that way if only PSE did not resume trading at 1pm hehe. 

Checking on the time sales, looks like JAP has started unloading his ORE.  hmm...  or maybe the weak hands are starting to fall off? ;)  ORE shows a shooting star. :-?

EDC seems to be still in consolidation.  pfffft.

URC seems to be another bull trap for me.  Although at least I got in with the first dip, so so far, not yet too far away from my entry.  Low volume trades put this into a Trade the Range.


Prospects (shift from CMT loss):
SCC - foreigns are still selling (JPMorgan & ATR).  Temporary gains might still be weak.  Trade the Range.
DGTL - I still want to take revenge on this stock. hehehe.  Formed a hangman on today's trade, showing indecisiveness.  It might be up or down for tomorrow.  Macquarie seems to be accumulating.  I am buying on the first dip.

New Challengers

Prospects:
Missed the ICT train today.  Seems like resting for a bigger push.  Bounced back down after meeting its first resistance.

MPI completes a dark cloud cover plus a MACD sell.  Currently signaling a downtrend.

SCC ended with a shooting star. Let's wait at 152.39.

PD:
Bought URC at 45.25 (buy signal from CSO), buying the dips after a long candle.  1st support from the pivot point was correct, being the lowest trade for the day.  Candlestick forms somewhat like a harami, but still maintaining on the top half of the previous day's long candle.  Buy signal from CSO, was confirmed from a MACD buy and a bullish BOS.  This trade is meant for the short term-medium term only.

AP continuing on its ascent, faced the upper resistance at 26.31. Swing traders would have sold along with doyts.  The stock ended backing down further from the lower resistance @25.23.  Currently closed at 24.8. 

EDC is still having support from foreign buys (doyts and CLSA) although JPMorgan was selling.  Still a bit 50-50 on unloading tomorrow.

CMT on a lull.  I hope I wouldn't face a cut-loss here.  It should hold at 1.8 then hopefully will shoot up breaking out at 2. :P

Can't resist, bought some milk today :)

Composition:  (Oh no, I am now holding 5 stocks.)
AMC - 12% 
AP - 18.4%  
CMT - 13.5%
EDC - 32.7%
URC- 22.7%

Today, I have increased my cash investment for another 25%.  Greedy me.  Well, this is to give way to my long term plans on certain stocks, retaining my cash investments for short term trading.

AP, AP and Away!

My "shooting star" call yesterday on AP was a dud.  Shooting stars should have long tails.  Good thing I was able to monitor the market today as AP had a blast raising the roof up to 20.45, to a close of 20.35.  I plan to hold as permissible, probably buying the dips on this stock.  AP outperformed my other "Power bets", EDC and FGEN.  Right now, I should be comfortable to hold on to this stock and hopefully be able to correctly read the candlesticks before pulling out.

SCC: I was able to get off SCC at 157 since i noticed Doyts has been unloading piece by piece on the ticker.  Did a good thing as the stock closed at 154.8 today.  I'll be waiting at 150.95 to reenter.

FGEN: At around 11am, FGEN charts still feeling the resistance at 14.44, and so I decided to sell at 14.12.  Will wait for MACD charts to tell a buy signal before re-entering.

EDC shows a small hammer.  I hope this pushes the stock price up by tomorrow! MACD suggests it is still in consolidation mode.  If ever price increases by tomorrow, it might generate a buy signal.

CMT is the black sheep on my portfolio.  Seems like not much is happening with the cement stocks.

PD:
EDC - 1/3
AP - 1/6
CMT - 1/6
cash 1/3

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)

Short Term -> Medium Term

I started trading while being a bum and so I had plenty of time playing with the stock market.  Now that graduate studies eat most of my time,  I think it is now time to shift from short term trading to medium term.  My definition for medium term would be at least 1 week to 1 month.up:gucci handbags

Anyway, September has been good to me as I was able to lock in greater profits as compared to my maiden month.  Being bullish in this market, I have increased my stakes hoping to take advantage of higher returns.

For the past 2 weeks, mining stocks were in play but I didn't join in.  Instead, I started investing on Power since these are the fundamentally good yet relatively cheap stocks as based on COL's assessment on each FV.

As of today, my current portfolio is composed of:
EDC - 40%
FGEN - 25%
MPI - 25%
SCC - 10%

SCC went back down to 137  (PD: aep@138.8), and I am thinking if I should buy more.  Though this stock has a huge resistance at 143, and a breakout signal at 145.

MPI just met up with its 1yr resistance at 3.8, but still needs to have a convincing breakout at around 3.9 before it goes to reach the 4.xx level.  I might need to sell if it bounces downwards from resistance; hold if otherwise. Or, since Doyts is heavily buying on MPI,  the time that they sell, would be the time that I should sell too!

FGEN remains to be a laggard, also meeting some resistance at 14.  I think FGEN is just slowly consolidating before it pumps up again.  Currently doing sideways.

Re-Entry

 Citiseconline declares a bull market until next year, even increasing most FVs of companies in the PSE.  This gives additional boost to investor confidence (at least to the local market),up:gucci bags

As I have been liquid these past few days, I am now itching to re-enter the market in bullish mode.  Mining stocks are currently in play right now, unfortunately I have already missed the train.

Despite the market being in a bullish frenzy (overbought conditions are being ignored), I am still trying to be cautious for as to avoid a whiplash.  I wanted to enter PX this morning, however the huge  gap up from 14.4 to 15.26 disabled me to do so.  JGS was also of interest for me, considering the nearing IPO of Cebu Pacific on October.  My cheapskate bids were far off from the opening prices.

Since the stocks on momentum seem to be already high up, I tried searching for relatively "cheap stocks", aiming my guns on VLL and MPI.  News about MPI liquidation by PLDT scared a chunk of shareholders which gave buying opportunity to investors.  My buying indicators already showed a buy at 3.61 after bouncing off near 3.53.  I should have not hesitated on buying since its RSI indicator is no longer in the overbought region.



When I decided to buy at 3.61, the stock eventually rose up fast, making me catch up until I was able to buy at 3.67.  Momentum2 indicators show a cross at the signal line, which makes me a bit comfortable despite buying at a higher price.  "Buy high, sell higher", as they say.

I have sliced off again on my SCC, taking profits on strength.

PD:
25% MPI

25% FGEN
12.5% EDC
12.5% SCC
25% cash

Major Shakeout

The market had experienced a major shakeout today as most stock prices had a gap up during opening then suddenly lowered down in the middle.  It was supposed to be a good time to buy stocks but the bearish people (me included) are already scared to re-enter the market immediately.  Apparently, prices went back up for some strong stocks but was not able to continue breaking the 4k mark on the PSEi.

Perhaps there was a rush to break the 4k mark for the PSEi, and then people decided to take in profits which eventually led to the index's momentary fall.

I still feel strong for my SCC despite being shaken down to 134.  It's good to note that it has taken back its position closing at 139 (at least) for 14% of today's volume trade.   A bit of a warning though for SCC, as it nearly showed a bearish engulfing signal.  MACD also registered lower divergence.  The crossing and positive divergence remains to be good for the stock, so it's a make or break.up:gucci bags

I was able to enter FGEN during the dip as it reached my first signal buy of 12.5, considering the gap up at the opening. In hindsight, re-entering EDC @1.4, even @1.32 could have been better.  It seems I have been to pre-occupired by the shakeout and fear got me.  Anyway, fundamentally, FGEN could be better since it still has a long way to go towards its target price at 19; as compared to EDC's 7.54 (COL).

DOW-J is currently positive (+30) as of this writing.  I honestly don't know what to do now, but for now I guess holding would be a good decision.  I really need to fix my schedule (trading, tutoring and studying).

PD:
50% cash
40% SCC
10% FGEN

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.

On a High

It was my first day at graduate school today (1st class at 1pm) so I was not able to monitor the market until its close.up:gucci handbags

Last night's DOW-J was green and so I was still expecting a longer run for EDC at 5.28.  Gen. DS declared a buy at 5.2, and so I have decided to take hold of my shares yet, cancelling my exit.  The price did go up higher at 5.37 then eventually went back down closing @ 5.26.  In hindsight, selling at my original target exit was ok, but I need to find a new target entry.  EDC's FV is at 7.54 (as of 9/8) which means the stock is still cheap. 

The market started strongly with SCC having a gap up to 134 (+4) at the opening, reaching 140 before 10am.  This is already a paper gain of 7% for me, even better than the magic of ALI.  My tipster, Gen. DS, sold at 140 and was planning on re-entering at 135.  I guess he was able to enter at 136.  Multiple entries with SCC is great since break-even can be easily achieved at a peso per share cost.  Fluctuations should have been in tenths (0.x), but just like what had happened this morning, it went by the peso.  If DOW-J would show weakness, I'd aim for at least 140, if not, I could wait until 150.  Buy the dips, 20% per decrease of 3.  Currently closed @139.

Since I already need to leave, I just posted a sell order for my ALI @18.  This was supposed to be a "delayed sale" after the intraday jump and so I have set this as my exit target.  Another surprise move at the close; if only I have set my order a bit higher than 18, then I could have been given a bonus for the 18.7 close of ALI.  DBP-Daiwa is again buying bullishly forcing the close at these levels.  Definitely not a fluke.  Let's see how they play.  I'll be waiting for the dips on monday.

Feeling Bullish

As many have expected, I was not able to sell my ALI shares @18 during the opening since it started at a low of 16.5  Holding ALI for the meantime is not a problem for me since I had just bought it about 2 days ago.  Too bad though that I could've had achieved a personal record if only I was able to sell immediately.  But with a red DOW-J from last night, buying up would still be a hard thing to do for investors.up:gucci bags

ALI's performance this day was still impressive.  Starting at 16.50, it slowly came up towards 17.7 before sliding back down to 17.3.  Disregarding the forced buy up yesterday, ALI still proves to be in an upward trend, posting a new low at 16.44.  I am looking at an immediate sale @17.78, but I can still wait further when it reaches the 18 mark.

With 50% cash on my portfolio, I tried following some tips coming from DS by buying SCC shares @129.5.  Technicals show a "bullish engulfing" candlestick, and at the same time the narrowing of bollinger bands has been observed.  Check also the change in MTM2.

Company Disclosure also says that one of their directors bought shares at around 127.  Let's see if we can sell at my TP of 148. :D

As for my EDC, I've checked on my charts hoping I could sell at at least at 5.11. As the price seems to be stable reaching 5.08, I decided to sell a slice at this price and leave the rest at 5.11.  Interestingly, the price was closed at 5.05; however, pre-closing bids was set at 5.10.  This made my 5.08 bid be taken away and was rewarded with a bonus of .02 per share.  Closing period interests me now.  I realize how much sellers of ALI at the close had gained yesterday, when it jumped to 18.  Just wow. 

Note to self:  Sell at the close on a down market.