Trading the Philippine Stock Market

[sammaybe]

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sir MK, naa bay bad news sa FLI krn? ky cge mag padayon ang pag ubos gud..TIA

[MK]

dira nimo duwaan imong billion2x sir MK? kay if dli ka tsupit safe ramn kaau ma ipit.. JFC nagud na..
no kulba.. hahaha.. so basin gamay nga saka, dako nasd ghpn ka gain. hihih

murag wala kaayo gitagad ang reco sa Citigroup to SELL JFC hehe
tsupit lang ginagmay pag maytime

Si CHI my tsupit friend murag di na ganahan mudoaw sa akong bid dah...break sa mi

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sir MK, naa bay bad news sa FLI krn? ky cge mag padayon ang pag ubos gud..TIA

murag not FLI specific ni downtrend but more on Property sector...interest rate related concern may be.
pero as most analyst said, wala man kuno property bubble so I would say temporary lang ni...

[ReyD]

FLI bro sammaybe and sir MK kay naay problema sa cebu city government maong ni dive.. Pa bayron sila ug 1b mn cguro to.. hihihi.. wla daw sila ni sunod sa ilang agreement.

[istoryamember]

MPI just can't break the resistance created by the Kumo or cloud. This is the 4th time MPI tried to pass the cloud but it is just too strong. Today MPI fell by 4% and break again the Kijun Sen line which is a strong bearish signal. The red Marubuzo candlestick might be the start of a new dip for MPI. Will it fall to 4.4?

Caveat!

MPI just can't get handle the strong resistance

[istoryamember]

EMP may test the support at Kijun Sen line as it retraces from its recent high of 11.96 which was visited last 3 days ago. The strong bullish signal created by the Kijun Sen cross is still intact but Chikou Span is showing bearishness. If you notice that line is moving below the price 26 periods ago.

For those who want to get some EMP, wait until it hits support and with a good candlestick pattern.

Caveat!

EMP may test its newly found support

[dadi]

after selling cpg at 1.9 few weeks ago, bought back yesterday at 1.58.

[makie29]

PSE index will be retesting its support at 6,000.

Dow, NASDAQ and S&P in USA are down because of speculations of tapering (again). US 3Q GDP is up 3.6%, 0.8% higher than expectations but such impressive growth was marred by very weak demand. Inventories in the USA are at its highest level since 1998. I'm thinking that the US Fed will continue the QE. Aside from the fact that Bernanke and Yellen said that they'll continue it until growth is sustainable, very weak demand is not a good sign for US's economy.

In Europe, markets are down mainly because of the ECB cutting rates and inflation forecasts still very far from 2%.

EPHE is down by -0.96%.

Considering the international sentiment, PSE may drop further and may easily break past 6,000. By far, the prevailing trend is 6 to 7 days drop before a rebound and if such trend will continue, then we're still half way.

I'm looking at 5,400 to 5,500 before the PSE index will bounce back up significantly. Bearish as it may seem but I guess it conforms with the current sentiment right now. Short term, should be great to buy on dips and sell on rallies. Mid to long term, prices are down but may continue to get lower. Might be wise to start accumulating in small amounts.

[MK]

TEL is getting very attractive
nibbling again..

[MK]

TEL is getting very attractive
nibbling again..

@2600, dividend yield is around 6.7%...the lower the higher the yield. And if you consider the growth prospect of telecom industry in the Philippines of which TEL is a major player, the potential capital gains from accumulating this stock is quite good

[MK]

relax lang mga traders/investors...normal market cycle.
Buy low sell high..yet many are afraid if the market goes low...irony right?