EDC Bought on 8/23 @ 4.88

Lots of stocks to pick from today, I didn't even know where to start.  Last night, I was looking into AP, a #2 on DS' pick of the week. AP's prices are currently below its EMA as it had a huge drop last 8/11.  Despite its current down trend, DS says its fundamentals are strong.  I hesitated to buy this morning because of a gap up on the opening prices. 

So I was scouring through the latest update on Tsupitero.com and I've decided to take on a blue chip stock this time.  EDC was on a buy on the dips.  However, at a previous close @4.89, resistance is already near @5.05 (support: 4.8).

At open, prices were playing at the 4.9 region and so I posted my bid @4.88 thinking there would only be a small dip.  I should've realized that the stock was still on the overbought region and it would consolidate soon.  As it turns out, I was too early to buy as the stock went to a low today closing @ 4.71.

chart from pse.com.ph

Note to self:
Never to be in a hurry in buying stocks at the open, especially when I have not studied it well.  I could have bought at a lower rate, probably 4.79 based on the previous drops EDC made (.11 drop last 8/19).  Besides, prices were already too high and away from the EMA.

As of 8/23:
close: 4.71
EMA: 4.71
RSI: 53.27
up:gucci handbags
I hope Tsupitero is right on this stock going to an up trend after this correction.  DS on the other hand is waiting to buy at 4.3.  3% cut loss level is at 4.73... hmmm, most likely I'll be holding this stock for long.

MPI Bought on 8/10 @ 3.03

 

chart from pse.com.ph

On 8/10, the stock opened at 3.06, bought my shares at 3.03, before going down to 2.98.  This was again a buy signal from Tsupitero.com with MPI having a sideways to up trend.  Later on DS of FM had this listed on his top 5 picks for the week.  According to DS, "MPI had a core 1H net income of 1.9B was 2.7X of 2009 income Php 716M attributable to Meralco and Maynilad contribution."

Considering the negative sentiment brought about by the drop in DOW last 8/12, MPI dropped only a bit to 2.91.  The next day was a turnaround as it began its up trend leading to today's high at 3.43.

Since MPI is now on a safe zone for me, I am now eyeing when to exit.  As seen on the RSI chart above, it has now reached 77 indicating overbought conditions.  Likely, it will consolidate soon to a new low.  I plan to sell it ASAP tomorrow while it's high.up:gucci bags

As of 8/19
close: 3.42
EMA: 3.03
RSI: 77.155

Target exit price: 3.45

Update:  on 8/20, with the drop in DOW, I sort of panicked and wanted to sell ASAP before prices go way down.  Sold my shares at the opening @3.37, a cut profit with 11.22%.
Interesting turn of events.  From a low of 3.34, it eventually pulled back up to a high of 3.46.  The whole PSE Index was even on the green.

DGTL Bought on 8/2 @ 1.44

chart from PSE.com.ph

On the end of July, Tsupitero.com recommended DGTL if there would be a breakout, but warned against a breakdown.  Thinking this was a definite buy signal, I posted my order and got my shares @ 1.44 .  I bought too early, thinking that it would eventually pick up.  Eventually, the stock broke down the next day crossing the 1.42 support as low as 1.39.

It tried to find its way up again reaching as high as 1.48, but the huge drop in DOW on 8/12 made it go back to start.  It continues to swing sideways, still in a down trend.  My break even is at 1.46 and I hope it could go up soon.

Despite the dismaying performance so far, fundamental analysts has expressed interest on DGTL for the long term.  This was based on the recent earnings of the company; thus, stock prices have a chance to go up, albeit slowly, in the long term.  DS of Finance Manila even gives it a Target Price of 2.up:gucci handbags

As of 8/17
close:  1.41
EMA: 1.43
RSI: 42.24

JGS Bought on 8/6/2010 @18.28

chart from pse.com.ph

Tsupitero.com suggested a buy if breakout for JGS, having resistance at 17.25.   It was a bull week and I obviously entered late as JGS opened at 18.5 on 8/6.  I bought at 18.28, which was actually the pivot point leading the stock to a low of 18.20.

Citiseconline.com recommended a hold as of 8/11, having reached a high of 18.9.  The huge drop to a low of 17.9 on 8/12 was the result of the negative sentiment brought about by a drop on DOW-J. 

2 trading days after, the chart still shows an uptrend as JGS slowly climbs back to its previous position.  I hope this still continue as my break even is at around 18.50. up:gucci bags

As of 8/16

close: 18.00 

EMA: 17.89

RSI: 60.45