|
Stock
|
Buy
Below
|
Current
Price
|
Target
Price
|
Average
Cost
|
Return
|
|
BDO
|
60.00
|
60.90
|
81.00
|
60.10
|
1.30%
|
|
ALI
|
20.00
|
24.00
|
22.50
|
-
|
-
|
|
PGOLD
|
24.00
|
30.00
|
30.00
|
-
|
-
|
|
EDC
|
6.00
|
6.07
|
8.50
|
5.94
|
2.20%
|
|
TEL
|
2,600.00
|
2,810.00
|
3,000.00
|
-
|
-
|
|
AGI
|
11.00
|
13.40
|
15.00
|
-
|
-
|
|
MBT
|
94.00
|
91.00
|
105.00
|
93.3433
|
(2.50%)
|
PSEi
continues to go down as traders lock in the profits. Anemic Chinese
manufacturing data and Japanese exports triggered the fall of Asian market
shares.
China’s manufacturing activity contracted in
September for the 11th straight month, though at a slightly milder pace than in
August, preliminary data showed Thursday, with one economist saying the result
suggested some stabilization for the critical sector1.
Japan's global exports tumbled for a third straight month in August amid
growing uncertainties about overseas demand, particularly from China and
Europe, data from the Ministry of Finance showed Thursday2.
PX lost by 6.44% yesterday amid the selling spree caused by MVP’s
statement that the company’s profit may dropped to P1.5-1.7B3. In addition, The Sen. Enrile and Sen.
Trillanes saga dragged PXP (a PX subsidiary) into the limelight after Sen.
Enrile read the notes of former Philippine Ambassador
to Beijing Sonia Brady meeting with Sen. Trillanes. It said that Pangilinan wanted to create an event to divert attention
from Reed Bank because the gas find there was not substantial (contrary to
Forum Energy’s claim that it contained the country’s largest gas deposit, a
volume way bigger than Malampaya’s)4.
I bought at 14.82 after watching the price hovers between
15-16 pesos per share. RSI is oversold already. I expect a bounce next week in
anticipation of the 3rd quarter window dressing and take profits. My
cutloss is 14.5.
Value of
shares traded is P5.3B. Foreigners are net buyers worth P32M today.
INDEX TOP GAINERS
|
TICKER
|
LAST PRICE
|
%
|
|
ALI
|
24.00
|
2.56%
|
|
BPI
|
78.60
|
1.95%
|
|
AGI
|
13.40
|
1.82%
|
|
MER
|
261.20
|
1.63%
|
|
URC
|
63.95
|
0.87%
|
INDEX TOP LOSERS
|
TICKER
|
LAST PRICE
|
%
|
|
PX
|
14.82
|
6.44%
|
|
GLO
|
1,136.00
|
3.73%
|
|
MPI
|
4.11
|
2.38%
|
|
BDO
|
60.90
|
1.93%
|
|
MEG
|
2.21
|
1.34%
|
It is nearing
the buy below 60 now. Let’s see if we can buy more of BDO stocks next week.
ALI- the foreigners net bought P28M. The
favorite stock of the foreigners is still quite high.
If I have ALI
right now, I will sell it. Its way over my target price already.
PGOLD-
the foreigners net bought P20M.
PGOLD likes
to lounge in the 29-30 price level. At this point, if I have this, I will sell
it. Way too expensive for me.
It’s an even
battle between the foreigners as they slug it out on where to take this stock.
The bulls won this time.
TEL - the foreigners net sold P23M.
The profit
taking continues for TEL. The company has been in a downward movement for the
past four days and it doesn’t look good for those who bought above 2,900.
For the
bottom fishers and investors with buy below price, this is welcome development.
AGI – the foreigners net bought this stock with
P135M. The buying spree continues...
MBT - the foreigners still net sold this
stock with P164M.
Among the
stocks I have chosen, MBT is at the receiving end of the continued selling of
the foreigners. For the first time in six months, it is on the verge of breaking
its 130 day MACD. It is hanging by a thread now and a red on Monday could
trigger the downfall of MBT below 90.
Monday will
be the day.
Source: PSE,
COL data
Note: This is not a solicitation to buy. Buy at
your own risk.
I trust God.
I am not afraid. What can mortals do to me? Psalm 56:11
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