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

Parallels Desktop

Though I have recently switched to Mac, I still feel the need of having a Windows machine.  Most applications still rely on Windows, that support and upgrades come in too late for Mac users.

I decided to try Parallels Desktop, a virtual machine software that enables the user to run other OS (i.e. Windows) right through Mac.  I've currently installed Windows XP (SP3) into my system, let's see what I can get from here.up:gucci handbags

In a somewhat related note, I have downloaded a .nrg file, which is basically an ISO file under Nero (Windows-based).  To convert .nrg to .iso , I was able to use nrg2iso (freeware).



I tried to install a software which required .NET framework download.  My SMART Bro USB is slow it's a pain for the Virtual machine to download using the internet.

Engineering or Finance?

Yesterday, I got a message via LinkedIn coming from a headhunter in Japan.  He was referring me to an FPGA-related job in the financial industry.  My interest bar went up high.

One of the main reasons why I plan to take MS Finance is to be able to work in the finance industry.  As for my engineering background, I have mostly been involved in digital microelectronics, particularly with microprocessors and FPGA.  HDL (Hardware Design Language) had been my main programming skill set.  I worked in Japan implementing FPGAs for manufacturing research.  And now, FPGAs to be used in the financial industry?  Interesting!up:gucci bags

It turned out that the headhunter's hiring client was Nomura Securities (bought Lehman-Tokyo after the crash) and they plan to deploy a new system.  Btw, the headhunter was not just ordinary peon, in fact he is the director/ co-owner of Springboard Japan (HR consulting company).  Definitely a major deal.

I had a great email correspondence with the director, and so he was also able to setup a phone interview with Nomura within the day.  I knew that the interview could be technical and so I wanted to delay it the next day for me to have more time to prepare.  However, as I have already built rapport with the director, I thought that by being available for interview immediately would also give me plus points from the hiring client (it seems the position needs to be filled asap).  Eventually, I obliged for an interview at 6pm JST.

I got the call from a VP of Nomura, and I think it has also been phone-patched to the American counterpart.  It turned out to be a panel interview for me. The interview could have been easy if only the interviewers were the usual executives and not the techie ones.  Unfortunately for me, someone who have not prepared for the technical interview, the panel knows their stuff and was bombarding me with questions I couldn't answer.  The questions were not that difficult, really, it's just that... I have forgotten the answers!

It has been almost 7 months since I've been out of the industry, with no practice; totally forgetting about everything as I see myself already gearing away from engineering.  Some of the questions were even from our undergraduate research project and that was 3 years ago.  Actually, if only I have fast internet, I could have googled my way through as some questions were trivial.  For non-chemistry related majors, try answering questions related to chem way back high school. That was how I felt.

Anyway, even if my engineering background fits the position, it just proves that I no longer have interest in pursuing a career in Engineering.  Yes, I do still want to work in the finance industry, but definitely on a different field, probably focusing on IT and Finance.  This is not just a career move, it is mainly a move towards something I am passionate about.

At least for now that I assume I wouldn't get the job, there would be no dilemma for me as I will be starting my MS this September.  More time to be in the Philippines, trading on the PSE, and filling in this blog.  :p

Hard Exit

My portfolio is currently full having 4 different kinds of stocks and no more cash available for investment.  I allot 4 slots for my portfolio, but ideally I should hold on to 2 slots while half of my investment is cash.  Being cash ready would mean I can enter any stock that I would want to invest in especially when one goes cheap.up:gucci handbags

One of the major challenges in short term stock trading is knowing when to enter and exit.  Though I've decided to sell my ALI shares, it was unfortunate that with the drop of DOW, prices of shares went down.  Basically I'm currently stuck with all my shares now, waiting for the prices to go up again.

I've been holding ALI for almost a month now, bought it at a good price @14.25 and now it's current support is 15.25.  In hindsight, I should've sold it when it reached its short term resistance @15.8.  Now, it went down to support.

Seems like a major downtime for PSE today, currently 40 pts down as I write this blog.  Could've been a great time to buy.

Noob

As I am a newbie on Stock Trading, I am also still a noob on setting up my own web site.  I plan to blog about my daily activities in the stock market as part of my learning process.  Since I am also taking MS Finance starting this September, I might even blog about interesting facts regarding my classes.  Somewhat like a Project 365 in Finance.
up:gucci bags

Well, for now, I am trying to setup my site having a subdomain (finance.scioncho.com) point to this blog which is actually being hosted by wordpress.com .  As for today's trading day, I'm still holding on to my portfolio containing ALI, DGTL, JGS and MPI.  I'm just waiting for ALI to go back up before I sell it to maximize my gain.

Anyway, that's all for now.  Hopefully you can read this at my subdomain sooner. ( If I am able to figure this thing out) :P

PSE Pre-Open

I just discovered that once you enter your opening bid on the Pre-open stage of the market (9am-930am), you can no longer modify your position until actual trading starts at 930am.up:gucci bags