LC/B is the Stock of the Day

Stock	Buy Below	Current Price	Target Price	Average Cost	Return
BDO	60.00	59.25	81.00	60.10	(1.43%)
ALI	18.00	22.25	22.50	-	-
PGOLD	24.00	29.50	30.00	-	-
EDC	6.00	5.85	8.50	5.94	(1.54%)
TEL	2,400.00	2,772.00	3,000.00	-	-
AGI	11.00	12.44	15.00	-	-

I just came from a three day vacation with my family. By just checking the ticker tape today, a lot has happened already.

The index is almost flat. Foreigners have a net buying of P82M today.

LC/B is the stock of the day

PX has been battered for two days because of the tailing dams’ leakage, today however the bleeding momentarily stopped. Did the PX investors switch to LC/B? LC/B gained more than 10% with P173M value traded in the market. It is one of the top 20 most active and top 3 gainers of the day. Mind you, that this is the first day upward movement of LC/B. Tomorrow will determine whether the bulls has really taken over LC/B and take the stock upwards or perhaps today’s buying is just a fluke. I’m leaning towards the former.

The stocks I bought continue to get battered in the market but I am not unfazed because I can buy more at low prices.

BDO- the foreigners sold (net) P176M. Foreigners are getting out of the market because of the high valuations of our market. They are looking elsewhere to park their money.

More than 50% of the trade transpired at the 59.20 to 59.25 price level today.

ALI- the foreigners bought (net) P29M. It opened at 22.40 but went down during the trading day. Almost 50% of the trades were made at the 22.30 price which is the same price as yesterday.

Insiders continue to dispose their holdings. For the period Sep 3-7, 2012 they sold 240K shares.

PGOLD- the foreigners bought (net) P7M. The holders of this stock are just so strong.

EDC- the foreigners sold (net) P5M. Sellers and buyers mostly met at 5.85 price, 67% of the trades.

TEL - the foreigners sold (net) P6M. Insider uplifted its 57,914 shares from PCD. A sign that this insider wants to go long with this stock. Traders happily engaged at the 2,772 price, 55% shrea of the trades.

AGI - Among the blue chips, AGI continued to be the foreigners’ sweetheart with P250M buying yesterday and P63M today. However, the locals tried to profit from this stock as they sold positions that brought back the price down to 12.44. Will this be the start of AGI’s downfall? Tomorrow we will see.

 

Source: pse.com.ph Sep 11 trading activity, COL data

Note: This is not a solicitation to buy. Buy at your own risk.