Gus Cosio says so

Ideas on the Philippine Stock Market

Getting used to

7:00 pm  Wednesday  28 July 2010

A broker friend was telling me today that a number of floor traders are still disoriented with the new fluctuations in the now present system.  Many of them have been so used to the larger fluctuations that they cannot yet feel comfortable with the almost seamless fluctuations that we are seeing now.  Honestly, I think many on-line traders are probably as disoriented as those in the trading floor. A fund manager was actually telling me that bid and offers appear to be all over the place, and he senses that both buyers and sellers do not really know how to strategize their order posting in this new system.

Incidentally, one very seasoned broker said to me that if you are a real investor, your would easily adjust to the new system nad it actually allows you to accumulate your position at closer prices.  I am very much in agreement.  I think with the value turnover in the market coming back, those that have given their trading strategies deep thoughts already have the hang of things.

There was a volume and price spike in FLI today.  I do not really know what is going in FLI, but when you look at it, the fluctuations in the stock has not changed much with the new system.  You will not be disoriented at all.  I think the same is true with MEG and the stocks that are around the one peso level.

I managed to follow the price of PNB today for a short while as I was in and out of my office and could not steadily access the internet for active stock prices.  I am quite pleased that profit taking is going on in PNB.  It looks to me that 40 could be the stong support, and those who were anxious to being left behind when it shot up to 43.50 can now buy cheap.  At 40, there is at least a 20% upside which is almost certain.  The risk reward profile remains decently generous.

For those who agreed with me that MPI was cheap below 2.60, I think you should be reaping the rewards today.  This remains to be a trading stock and will trade in ranges.  Just remember, this is a stock that has a market capitalization that is big enough to invite trading, and it is also very widely distributed that liquidity will always be available.  This stock has a long way to go, and astute traders can make money on its volatility.  Longer term players can always buy it on weakness, and you can surely get out without big losses.  In fact, if you can identify the range, it can be a steady source of trading profits.

Anyway, I hope everybody is plotting strategy.  I continue to think that the market will be favorable although it is not yet at a point that it will run away from us.  Try to trade smart.

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July 28, 2010 - Posted by | Financial markets in Asia

106 Comments »

  1. Time to chase the market……

    Comment by mik | July 29, 2010 | Reply

  2. Hi Gus!

    I don’t think the brokers are having a problem with the new rules that the PSE implemented. Personally, i think they were able to update all the outdated rules and cover loopholes.

    The biggest complaint of the brokers is the trading platform that the PSE purchased to replace the 13-year-old maktrade system. Sure this new system could handle more instruments, came from the NYSE, display more quotes, blah blah blah… But this system is way counter-intuitive and slower than the 13-year-old-supposedly-obsolete maktrade system! Ask around. Ask for a demo. You won’t find too many fans of the new platform.

    It would have been way better if the PSE consulted the brokers (the end-users) on how to proceed with this system upgrade. A simple upgrade of the old system might have done the trick. Or, a configuration of the new system to mirror the old one.

    Comment by AgitatedBroker | July 29, 2010 | Reply

  3. Bad moved I made.

    PNB@40! I brought it @44:( in exchange losses from FLI now FLI is 1.06 😦 but wait till it goes up 🙂

    Comment by kier | July 29, 2010 | Reply

    • Did the PNB-Allied push through? PNB going down I dont know how far. Will it bounce back? PNB giong to 39

      Comment by kier | July 29, 2010 | Reply

      • It will not go back up… The News is over.

        Comment by WitcH | July 29, 2010

      • Will it back to 28 again?

        Comment by alex | July 29, 2010

      • Kier,

        The merger hasn’t been consummated yet. From an article I’ve read, it was mentioned that the merger will push thru late this year. However, what we’re seeing in PNB now is profit taking and consolidation. If you can, try to check out the chart of PNB, it moves in spurts, after which it consolidates until new developments are disclosed. Don’t worry too much, for now, you have paper losses but I would suggest you average down so that when it climbs back up again, you’ll have a lower average entry price. I myself have PNB and am just holding my shares. There is no need to panic. As cliche as it may sound, patience is the biggest virtue in stock trading. So is resolve.

        Comment by richard | July 29, 2010

      • yup. i think pnb for the time being will be at 38-41 range (see historical chart), its value is still at 47 (maybe after mid of august), relax…pnb can go as high as 70, depends on its agressiveness.

        Comment by draco23 | July 29, 2010

      • what goes up must come down

        Comment by Foreign Investor | July 29, 2010

      • what a logic mr f.i. parang elevator ang analysis mo.

        Comment by draco23 | July 30, 2010

  4. Damn, AC is down. What can you recommend regarding the AC stock? I bought it 333 before the new trading system were implemented. Will we cut loss or hold?

    Comment by john | July 29, 2010 | Reply

  5. I also still have 10k shares of PNB and I will definitely keep it 😀

    Comment by Dex | July 29, 2010 | Reply

  6. Too bad I didn’t sell my MEG shares when price hit 1.65 yesterday. My ave price is around 1.61. Have it in my portfolio since last year.

    What is happening to EDC? Thanks!

    Comment by trixia | July 29, 2010 | Reply

  7. Now appears to be a good timing to buy DMC and EDC what do you gurus think?

    Comment by Dex | July 29, 2010 | Reply

  8. sold my pnb at 38.5 last wk. Time to buy again maybe at 38.00 or less after seeing how high price looks even without merger yet! This is below par value!

    Comment by mark anthony | July 29, 2010 | Reply

  9. what a crazy day! PNB is jumping between 38.50 and 38.90. EDC and DMC are heading south.

    Comment by Dex | July 29, 2010 | Reply

  10. Hi Sir Gus,

    Does the sell-down in PNB is the result of profit taking and consolidation? I’m worried coz I bought early at 39. Will the merger pushed thru? Also, what’s your take on property stocks after the finance secretary says review on REIT law.

    Thanks in advance

    Comment by Cliff | July 29, 2010 | Reply

  11. Wow seems like everybody is panicking

    Comment by Foreign Investor | July 29, 2010 | Reply

    • When everybody is panicking, we know what to do 🙂

      Comment by KennyV | July 29, 2010 | Reply

      • Be Greedy

        Comment by Foreign Investor | July 31, 2010

  12. is it a good time to buy PNB now @ 38.50?

    Comment by cholo | July 29, 2010 | Reply

    • fellow investor our guru is in cebu. it seems the sheeps are confused and needed a shepherd. those in panick about pnb i think sir gus made it clear yesterday that he still like it and is willing to buy more when the price goes down. i have also my own share of it and upon verification the merger will push tru, only it will take some time…so be patient i think it will reward us soon. try to check it if i am correct there were already some preparation among the bank personnel to handle the smooth merger process.

      Comment by richard | July 29, 2010 | Reply

      • am connected with one of PNB’s competitors… yup preparations for pushing the merger is really cooking

        Comment by tatels | July 30, 2010

      • guys,
        i talked personally to sir gus at airport yesterday. he assured me that pnb is really a good buy even at 40 level, the increase of pnb will depend on its aggresiveness, so just relax and take profit next month, buy today. (all in mode)

        Comment by draco23 | July 30, 2010

      • PNB personnel have been in merger preparation mode for years now. Account numbers were updated some months back. It’s only (US Fed) regulatory approval that has been preventing the merger.

        Comment by Mal | July 30, 2010

      • Allied Bank and PNB Promo???…from a marketing standpoint why are they doing this?…I think we all know the answer…

        ZAPP Rebate Promo
        PROMO MECHANICS
        The Zero % Allied Payment Plan (ZAPP) is open to all active principal and supplementary Allied Bank/PNB cardholders in good credit standing.
        Promo period is from May 15 to August 15, 2010. Per DTI-NCR Permit No. 2158 Series of 2010.

        Comment by CMB | July 31, 2010

  13. Hi sir,

    Is there a chance that the merger would not push through? If so, would it then revert back to its 28-29 level or even lower?

    Thanks

    Comment by joseph | July 29, 2010 | Reply

  14. 38 to 41 are within my expected consolidation range for this week. It’s a healthy sign in my opinion, since i`m convinced that most PNB traders are acting rationally -a behavior that is needed to take PNB close to its book value of 48 to 60 maybe in the next few weeks. I sold at an average of 42 and accumulated back today at 38.

    Comment by Chris M. | July 29, 2010 | Reply

    • Totally agree with Chris. I also sold 2/3 of my PNB shares yesterday at an average of 42 (I was able to get them at ~29). And now I’m planning to accumulate some more shares at 38-ish.

      Off topic: There’s a feature article in The Wall Street Journal. If you have some spare time, you might be interested in reading the article (not directly connected to the topic under discussion but still on stock market)

      http://online.wsj.com/article/SB128000197220920621.html

      Comment by Aika | July 29, 2010 | Reply

    • for those who are in doubt about pnb… you may visit physics dept of up diliman and ask for their study / research / forecast on this stock…haha

      Comment by draco23 | July 30, 2010 | Reply

      • Hi Draco,

        With due respect, there is inherent wisdom in saying “what goes up will go down”. We are here to listen to different views be it not in consonance with our beliefs.

        While there are those who believe that PNB is worth 48, you will agree with me that others do not think so. Otherwise, there would have been no sellers at all.

        Regards

        Comment by alex | July 30, 2010

      • draco,
        i’m sorry i was not able to hook up with you in cebu. my schedule was booked solid as my contacts maximized my time.

        Comment by Gus Cosio | August 2, 2010

  15. Sir Gus,

    EDC closed at 4.48, any thoughts Sir?

    Comment by KennyV | July 29, 2010 | Reply

  16. Regarding EDC vs FGEN

    Both increased their income during the 1st quarter, but one has a current PE ratio of 25, while one has a more reasonable 15. One is selling above book, while one is selling at 0.8 Book value.

    And yet, it seems EDC is more in favour. What am I missing here? :puzzled:

    Comment by jasper | July 30, 2010 | Reply

    • jasper,

      I think EDC and FGEN’s PE ratio is just around 10x, not 25 and 15.

      Comment by KennyV | July 30, 2010 | Reply

      • I got these values from the PSE website.
        Current PE
        FGEN : 15.38874919
        EDC: 25.36723164

        Although, admittedly I haven’t even done any research for EDC yet to form a definite opinion about the matter.

        But just judging from the looks of it, FGEN is cheap by itself, and additionally is a cheap way to own EDC.

        But I dunno.

        Comment by jasper | July 30, 2010

      • Jasper, KennyV

        As per ATR’s valuation and forecast, full year 2010 forecasted PER for EDC is 9.5 and 8.4 for FGEN. I got these values from the reports and research sent to me by a friend.

        Comment by richard | July 30, 2010

      • hey kenny, how can I avail of such a research? or can you send it to me? hehe.. if not, just hint on how to get such information.

        I’m using firstmetro as my online stock broker but their analysis leaves much to be desired.

        thanks

        Comment by jasper | July 30, 2010

      • I attended FAMI and FMSBC’s “Money Talks” seminar, and Sir Gus stated the PE’s of different stocks which includes EDC and FGEN. Both stocks are cheap but I think FGEN is indeed cheaper relative to EDC. But personally I choose to have EDC since the stock has been badly battered and It is a purer play for the “clean” energy industry. To add some confidence to EDC, my broker maintains a BUY rating for EDC and an FV estimate of P7.

        Comment by KennyV | July 30, 2010

      • Cheap is not necessarily a BUY, as cheap can still become CHEAPER.

        Comment by jojo | July 30, 2010

      • If cheap becomes cheaper, I’d be happy to buy again

        Comment by KennyV | July 30, 2010

  17. will PNB go down to 28 again?

    Comment by kier | July 30, 2010 | Reply

    • Yes, these people would like to think otherwise and they’ve been saying that it’s going on in consolidation mode with a range of 38-41, but it’s very clear that the price now is below 38

      Comment by WitcH | July 30, 2010 | Reply

  18. Sold my PNB shares yesterday at 38.70 for a decent profit. Too bad I didn’t sell when PNB was at the 43.xx level. Got back in (plus additional shares) at 37.50 today.

    Comment by Sonn | July 30, 2010 | Reply

  19. ano kaya forecast by next week for PNB? anyone know kung kelan yun merged by december ba? anyone buying PNB at 37?

    Comment by kier | July 30, 2010 | Reply

    • Kier,

      If you feel this queasy about PNB, I’d suggest you get out. There’s no point in holding a stock that you’re not comfortable with. Clearly, you haven’t done research prior to buying the stock. That is very risky as there are a lot of hype-rs in our market, giving out “tips” to drive prices skyward prior to unloading. Now, I’m not being hostile towards you. I just don’t feel like convincing someone to hold on to stocks that make him lose sleep about it. I know the feeling, I’ve been through it a number of times already. Should you decide to sell, treat your losses as though you spent that money as tuition fee, and hopefully, you’ve put that money to good use. Try as much as you can to avoid making the same mistake. If you repeat it, only then will your money been wasted.

      Comment by richard | July 30, 2010 | Reply

    • Bought PNB at 37.55 today.

      Comment by Aika | July 30, 2010 | Reply

      • good buy, ako din, all in at 37 level, good luck!!!

        Comment by draco23 | July 30, 2010

  20. That’s why I’m here in this site asking for Gus’s opinion. Again, I’m just a newbie. Thanks anyway for your unsolicited input.

    Comment by kier | July 30, 2010 | Reply

    • have faith on pnb, very good stock, next week it will be back at 40-47 level, mid august you will feel pnb’s power, buy now until aug 10

      Comment by draco23 | July 30, 2010 | Reply

      • what’s with aug 10?

        Comment by lai | July 30, 2010

      • Draco23,

        August is supposed to be the ghost month right? What is you basis that PNB’s power will be felt on the month of August?

        Comment by KennyV | July 30, 2010

    • Richard gave a very good advice. You have to know absolutely why you are buying an issue.

      btw – There are some books you might want to check out too. They are available at the bookstore.
      1. The intelligent investor – benjamin graham
      2. One of on wall street – peter lynch (read after understanding the intelligent investor book)

      Comment by jasper | July 30, 2010 | Reply

      • Benjamin Graham is the mentor of Warren Buffett.

        Comment by Mal | July 30, 2010

  21. Thanks Draco23! That’s the spirit! PNB now @38 🙂

    Comment by kier | July 30, 2010 | Reply

  22. draco23, why until aug 10 only?

    Comment by Dez | July 30, 2010 | Reply

  23. added PNB @37.6… Par Value 40, parang discounted price na.

    Comment by lai | July 30, 2010 | Reply

  24. Ok, to all you financial guru’s out there. What is the acceptable interest coverage ratio for infrastructure projects like MPI and FGEN? I read that normally it is 1.5x coverage. Does this apply?

    Comment by jasper | July 30, 2010 | Reply

  25. Hi Sir Gus! What do you think is the value of dgtl? Is it cheap at its current level? What makes it your current favorite at this point in time? Thanks

    Comment by jolly | July 30, 2010 | Reply

  26. Bought some share of DGTL today at 1.44. me likey =)

    Comment by Sonn | July 30, 2010 | Reply

    • Nice entry price! 😀

      Comment by KennyV | July 30, 2010 | Reply

  27. fellow investor given our different views regarding pnb it seems most of us have this stock on our fortfolio for those of us who began accumulating at 29 upward like me our main concern is the daily diminishing of our paper gain and for those who enter close to 40 your main fear is the balloning paper loss from wedenesday to present and may be extended next week.on my part i simply lighten up my position{15percent} this day and buy for a stocks that normally declare cash div on the month of august.but my eyes is on pnb still waiting to jump back again after the situation becomes clearer. it will be easier for me because i have a lower average cost of pnb. but for the late comer i suggest you reposition your holding most especially if you are heavily exposed to pnb but retain a significant holding for a possible sudden rise in price,remember any official announcement may bring back the pnb price again to its hihgest level and maybe higher than it.one thing i am sure because i personally have known this the merger will push tru.when it happened i may only hold one stock for that time being and that is pnb.

    Comment by richard | July 30, 2010 | Reply

  28. It’s interesting to see what’s happening to PNB. There’s this lure that its will go very high(and soon). Its a powerful magnet that pulls people(It calls to me too) towards it.

    This is not a indictment or anything alright. Just my thoughts. I think I understand now what Graham meant when he said wall street is normally looking for the ‘quick play’. I mean who wouldn’t want to make a quick killing right?

    Comment by jasper | July 30, 2010 | Reply

  29. Many makes Big money in Trading Stocks right now…My question is who will end up Losing?

    Comment by BigProfit | July 31, 2010 | Reply

    • no matter how much you earned provided you have a well planned cash management still you end up winners, but if you failed to plan and execute well as it was planned i think you plan to fail. stock trading is just a means and gaining on this endeavor is not guaranted at all times..so we must make sure our profit are invested to a less risky instrument..mutual trust fund is one, buying real estate is another, venturing in your own business is somehow good, but to have a vision of following warren buffet is i think most noble and challenging.

      Comment by richard | August 1, 2010 | Reply

  30. Sir Gus, have you had any news with regards to the implementation of the REIT law? I read somewhere that the law is being recalled and subject to review due to some tax changes that the DOF wants to implement. How true is it? Thank you sir.

    Comment by Kerwin | July 31, 2010 | Reply

  31. Hey guys, check out the article on pnb in pdi. Feels that
    the breakout would happen soon enough… 🙂

    Comment by Ardie | August 1, 2010 | Reply

  32. Congrats to those who bought at 37.5 – 38…We can sell na at 40 or wait for 48…

    Comment by lai | August 2, 2010 | Reply

  33. I will just hold on to my holdings. I don’t want to be left out when this zooms to the 40s again or even higher.

    Comment by Dez | August 2, 2010 | Reply

    • I don’t think the price would run away from us just yet. Today’s volume is weak (1/5 the average), there’s still time to accumulate.

      Comment by Mal | August 2, 2010 | Reply

      • thanks, i will also wait for the 2ndQ earnings report. 🙂

        Comment by Dez | August 2, 2010

      • I misread… it’s 1/3, not 1/5 (according to the reuters.com quote)

        Comment by Mal | August 2, 2010

  34. Was just wondering why the sudden jump of PNB. Was the volume driven by institutional buyers or sellers?

    Comment by CMB | August 2, 2010 | Reply

    • The jump was driven by retail investors. A lot wanted to buy below 38, a few were willing to sell close to 40. The buyers blinked first. Tomorrow should be interesting.

      Comment by Mal | August 2, 2010 | Reply

  35. do everyone really believe that this so called ghost month will affect PNB to the downside? There is just too many good news particularly the rally in the US markets last night which Im sure will influence the broader market in asia.

    Comment by mark anthony | August 3, 2010 | Reply

  36. Can anyone tell when pnd q2 results be published

    Comment by CM | August 3, 2010 | Reply

    • if you were asking for pnb,i think it will be release on august 15 that was according to my source from pnb.

      Comment by richard | August 3, 2010 | Reply

  37. Hello Sir Gus, and All Investors,

    Day by day DGTL is getting cheaper. It seems that selling is still on the rise and value has risen quite high today. 150M seems something is cooking here?

    Comment by Foreign Investor | August 3, 2010 | Reply

    • not 150M –> 45M only

      Comment by Foreign Investor | August 3, 2010 | Reply

      • it’s getting cheaper and the other stocks are getting more expensive. If I were you I’d stop fighting the trend and ride with it instead. Why buy a stock that’s keep on going down when the general market is going up? My thoughts on edc.

        Comment by maxwell | August 3, 2010

      • Good observation, maxwell.

        Comment by Gus Cosio | August 5, 2010

    • DGTL might be a turnaround in the making, however its too early to jump into it I think. If its a good investment today, it would still be a good investment tomorrow when earnings are stable are its shown something.

      Although perhaps we might forgo some income if in fact it hit the big time and we didn’t get in early instead getting in the middle. But I think better safe than sorry.

      Comment by jasper | August 3, 2010 | Reply

  38. Slow/staggered distribution has Started….TRY TO TRADE SMARTLY….

    Comment by MoneyMan | August 4, 2010 | Reply

    • what does that mean “slow staggered distribution””? distribution of..?

      Comment by jrebong | August 4, 2010 | Reply

    • What do you mean pal? PSE @ 3500 level

      Comment by Foreign Investor | August 4, 2010 | Reply

  39. EDC is posting higher-than-estimate profits with a daily significant volume but is still heading down… anyone have an idea why? 70% of my portfolio is combined fph,edc,&fgen.. dagnamit..

    Comment by Sasuke-kun | August 4, 2010 | Reply

    • Hi Sasuke kun,

      I have a bit of EDC. Noticed that institutional investors are unloading it that why priceis going down. There seems to be unfavor with the Lopez group. I notice also that management pay for the Lopez group versus say Aboitiz is a lot higher but in terms of profit and growth the Aboitiz are better.

      Thanks

      Comment by alex | August 7, 2010 | Reply

  40. Off topic. Does anyone know where an option can be traded? Is there a regulated exchange for traded option in Asia? Thanks!

    Comment by trixia | August 4, 2010 | Reply

    • Trixia,
      Hong Kong has a very active derivative warrant market.

      Comment by Gus Cosio | August 5, 2010 | Reply

  41. To Gus, anyone interested

    Can you help me solve this ‘little’ problem?. See I bought globe early this year. My ave price is 920. Mainly I bought it for dividends. But then they lost 30% net income this year. When I saw that income is done 7b-5b I went ‘wait.. WHAT?’.. They’re losing market share, the price is going south, and worst of all, I read they’re constructing a new office. Just terrible. As peter lynch said, when they bring in the indoor trees, its time to sell the stock.

    However, GLO comprises about 50% of my portfolio (I know right, don’t kill me. I’ve already killed myself many times over)

    Anyway here are my choices, and so help me choose?
    1. Sell it now and eat the losses.
    2. Wait for ex-date, then sell it and eat a smaller loss.
    3. Don’t sell it. Next year, when the dividends come rolling in there would be no loss. Then sell it.
    4. Don’t sell it ever. GLO can still recover market share. 20M subscribers can’t be all wrong. And anyway its an ayala company. you can’t go wrong betting with the ayala’s. Warren Buffet said the holding limit is forever. Real men don’t sell stocks.
    5. Compromise. Sell some now, some after the ex-date. Then sell some later next year, then hold on to the rest since real men don’t sell stocks.

    btw: If i do sell it I’m thinking of redistributing it equally into MPI, EDC (and/or FGEN), and GMA7.

    this has been bugging me.. do I need to be patient with the stock and give it a chance to redeem itself or just.. just give up..

    :sigh:

    Comment by jasper | August 4, 2010 | Reply

    • Jasper,

      Looks like we’re on the same boat. Bought GLO late last year at 920 as well which comprises 1/3 of my portfolio. Bought it for the same reason which was dividends. Who would’ve expected such a big drop in net profit in such a short time. Right now I’m weighing my options which are much the same as those you listed. At this point though, I’d rather keep my GLO shares and trust that management figures things out quickly although I’m not quite in agreement with them constructing a new office (building?) while the company itself is having problems. The dividends will still be coming in although we will surely miss out on some opportunities since a large percentage of our funds for investing is stuck with GLO for the time being. I bought it as a medium term (2-3 years) investment so I might as well hold on to it and see what happens. Let me know what you decide to do with your Globe shares. Thanks.

      Comment by gp | August 5, 2010 | Reply

    • Hi Jasper,

      As I see it GLO price is declining even with the diveidends (take yesterday as an example). GLO Dividends is not a fixed amount, it is based on net income. So given its 30% profit decline, you expect its dividend yield to go down as well.

      You can lighten your portfolio, choose among the property stocks like MEG and FLI. EDC has a downward bias (even with positive news), wait until the price stabilize

      Comment by Cliff | August 5, 2010 | Reply

      • Hello Jasper and Cliff,
        Both of what you said is right.
        If I were in your situation If you feel comfortable keeping those shares even if you know Globe is loosing market share I believe it would be better to sell these shares since it is also running against the market. Even if the have high percentage dividends I don’t think that you’ll be able to cover up your losses. Take a look at TEL it is almost in the same situation as GLO they are also loosing market share but their income hasn’t dropped significantly. But if I were you I would sell these rather than wait I know their is an advantage in waiting since patience is a virtue but when fundamentals are weak its better to have a loss and go away to find something more productive. Such as property shares MEG, and in other Industries MPI, EEI, URC. I am also keen in getting into ANI since the fundamentals are good its just the worry for the management their IPO is quite near the corner but when time strikes its better to get into the shares listed above but this is only my suggestion. Choice is up to you pal……

        Regards…

        Comment by Foreign Investor | August 5, 2010

  42. This blog is addictive, not to mention informative. A daily dose makes a surely profitable trade. Hope Sir Gus comes again with a new blog entry pretty soon to relieve “addicts” like me. Happy trading!

    Comment by herecomesthebaby | August 5, 2010 | Reply

    • I knew someone would say this. It is really informative.

      Comment by Foreign Investor | August 5, 2010 | Reply

    • Yeah, I visit this blog in like 5 times a day, hoping for a new article. haha

      Comment by KennyV | August 5, 2010 | Reply

      • Yeah..Anyways nice blog

        Comment by Foreign Investor | August 5, 2010

      • Same here! First thing I check before and after trading. Hehe

        Comment by Tons | August 5, 2010

  43. I sold my FLI shares too soon (@ 1.03), now it’s @ 1.12… Oh well…

    Comment by Sonn | August 5, 2010 | Reply

    • thats the way it is pal we shouldnt cry over spilt milk…same happend with me with URC bout it when it was 9 sold it for about 15 now its at 34 but i got back in when it was in its late 20’s

      Comment by Foreign Investor | August 5, 2010 | Reply

    • Hope I made a right decision on investing 80% of my portfolio to AP. I think AP will release their first half earnings soon. 1stQuarter of 2010 result were excellent.

      Hi Sir Gus, hope everything is well.

      Comment by newbie2112 | August 5, 2010 | Reply

    • I sold my MEG share at 1.66 and price hit as high as 1.71 today. Let’s just be positive that we have cash to buy other stocks.

      Comment by trixia | August 5, 2010 | Reply

      • Right Trixia..Its my first time to see a lady trader. Great!!
        Best of luck..
        MEG for me is still attractive… Its really undervalued because of the management

        Comment by Foreign Investor | August 5, 2010

      • Trixia,
        If you like MEG, observe the movements of AGI. It has MEG in it and I see it as a more promising stock.

        Comment by Gus Cosio | August 5, 2010

  44. I think the Biggest problem of globe and Tel is not Dgtl but the internet itself…Many Pinoy now uses WebCam chat,facebook,friendster,Yahoo Messenger and twitter to communicate and they spend less in using this form of communication…

    Comment by dexter | August 6, 2010 | Reply

    • Globe @ 600/sh while Pldt @ 2000/sh next year…..

      Comment by tommy | August 6, 2010 | Reply


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