YEAR 2013
AUGUST
August 1 - 8, 2013
I am starting to really believe in the Ghost month as well as the saying, "Sell in May and go away." The local stock market took a hit going down by 1.99% in the first seven days of trading this month. My portfolio too a knee also by 1.61%. I am deciding to hold on to my portfolio for two reasons - one is that the second quarter performance will soon to be released and it is likely going to break again the government forecast and second is the long awaited Moody's upgrade expected to be out anytime this Month.
JULY
After back-to-back disasters in May and June where my portfolio suffered losses of 23.83% and 25.39% respectively, it is kind of hard to get myself together and trade much as to update this blog of what is going on with my portfolio. I decided to just lay low for a while and clear my head. I stayed out of the market in the first few days. I needed one trade, yes, that is one trade to get my confidence back. And that one trade happened on July 4 when the stock (MMI) that I bought just a day before was sold at 11.7% gross margin. This was followed by FGEN and MEG which was sold at 7.8% and 6% gross margins on July 12 and July 24 respectively. My mining stocks, LC, NI, and ORE, also recovered and posted gains. LC made a good run but instead of selling it at more than 20% margin I decided to hold it a day more and then it went back down and I was forced to sell it at 12.4% gross margin. My only losing trade for the month was COSCO which I was forced to cut losses at 2.7% loss when news broke out that the oil drilling was abandoned due to some kind of risk. At the end of the month, my portfolio was up by 12.90% versus PSEi at 2.82%.
JUNE
June 14 - 31, 2013
Disaster struck my portfolio as the month wound down as I decided to keep my mining stocks and sold all other stocks. At the end of the month, my portfolio was swallowed by the sinkhole by 25.39% while the PSEi went under by 5.08% only. With the opening of congress in July, I am hoping that my mining stocks will reverse my fortunes.
June 13, 2013
Just like the reaction of the US President when Pearl Harbor was mercilessly attacked by the Japanese zeroes, what happened to the local stock market as well as global markets in general will live in infamy. The PSEi today was drowned in a pool of blood falling dead by a painful 6.75%. I decided to cut my losses minutes after the afternoon trading resumed selling AUB, BDO, and SMPH thus ending the day with only 3.70% in losses. However, my cumulative capital loss now stands at 25.6%. This is going to be bad in the days ahead if the market continues to be stoked by fear.
June 10 - 11, 2013
My portfolio did well on June 10, 2013 with 6 out of 10 stocks registering positive gains. SUN which I continued to hold did spectacularly well even hitting the ceiling price before retreating on the news that MEG bought it at 1.50 per share. I decided to hold until the next day. On June 11, 2013, the local market was battered again with massive sell-down with the PSEi losing 4.64%. I decided to lock my gains on SUN selling 80% of my shareholdings at 27.7% gross margin. Also locked in profits with SECB at 6% gross margin but failed to sell SMPH as well as the other stocks that turned in profits the day before as I got busy with my daughter's first day in school.
June 3 - 7, 2013
From bad to worse to worst. That was how the market did in the first three trading days of June falling by 3.18%. My portfolio was none the better as it was pummeled down by 5.23% leaving the highest capital loss of 24%. The market somehow recovered in the last two trading days up by 2.19% while my portfolio was only able to post 0.76% gain. Bought back SMPH, SECB and added to my portfolio AUB and BDO.
MAY
May 28 - 31, 2013
May-day! May-day! Disaster continued to pummel my port on the last four trading days hitting it big time by 4.11%. The PSEi was also down but only for 0.98%. Five of the stocks in my port are suffering from double digit losses while none gains. It is that terrible sinking feeling but not hopelessness. SMPH, which I bought on Thursday, may be my saving grace come Monday with the announced merger under SMPH of all real-estate companies of the SMC umbrella. Capital loss now at 19.2%.
May 27, 2013
I finally said my goodbye to MMI and used the cash to add on FGEN. Still no hope in sight as the PSEi continued its freefall by 2.36% while my portfolio nosedived further by 3.07%. I need a miracle and one might be forthcoming this Thursday with the release of the first quarter GDP/GNP performance.
May 22 - 24, 2013
The market did not take any mercy as my portfolio was severely clobbered losing 6.32% while the PSEi lost only by 0.80%. I have become my own worst enemy. My indecision to cut losses was the main culprit.
May 21, 2013
After selling SLI yesterday, it went up today. What in the world is happening to me? The good news though is that the bleeding has stopped with my portfolio virtually unmoved at 0.01% up. The PSEi thought made progress after being battered for several day gaining 0.72%. Two stocks I bought recently - FGEN and SUN - appreciated in value and I hope these will appreciate some more tomorrow.
May 20, 2013
My portfolio earlier in the morning made good progress which made me defer my decision to cut losses on SLI. But as the day wore on, it became apparent that the upward march was a fluke and my portfolio ended in the red by 0.09% while the PSEi went down by 0.06%. Before the end of the day, I made a full goodbye to SLI losing about 21% net of commission and taxes. I deferred selling CAL after seeing BPI Sec buying it. Bought FGEN today.
May 13 - 17, 2013
I paid dearly for tenaciously holding on to DIZ and SLI as both plunged deeper into the sinkhole bringing down my portfolio by 9.09% during the entire week. The PSEi, on the other hand, was only scratched by 0.83% deep.
Now the election is over, reports have it that the mining law is going to be certified as urgent. This may be the catalyst for the reversal in mining. However, congress resumes sessions only in July so this is going to be a long wait for me. I now have ORE and DIZ in my portfolio and will decide to cut losses on SLI tomorrow. Promise!
May 6 - 10, 2013
My port took a very big hit down by 1.93% while the PSEi further solidified its strength up by 0.65%. The beating came from DIZ and SLI which have losses running at 7.29% and 9.81%. However, I am having second thought of cutting losses because these stocks have already reached very low levels from their respective highs. DIZ being a mining stock may rebound after the elections are over and the winners proclaimed. SLI, on the other hand, has plans of follow on offering. They also have plans to enter into joint venture agreements and I am awaiting for developments on these plans especially on the FOO.
On May 9, 2013, I made four profitable trades on PGOLD (2.1% GM), MED (8.7% GM), BHI (5.3% GM) and MHC (9.6% GM). The gains, however, were immediately eaten up by my losses in DIZ and SLI. Both stocks are now for medium term hold until end of second quarter. Otherwise, I may be forced to cut losses.
May 3, 2013
Stocks were jumping like frogs in a frying pan and the ticker tape was moving in a fast lane in the first 30 minutes of trading. There was excitement in the air you could almost taste it even when you are just trading online. My portfolio did go up wild in the early going but pared its gains to just 0.30% when some of my stocks were besieged by profit-takers. The PSEi though made a good account of itself jumping by 1.72%.
We are now looking forward to Moodys investment upgrade sometime June. This is going to be very exciting! Hooray!
May 2, 2013
It was a lackluster day as my port only gained by 0.48% but better than the PSEi's 0.32%. There was nothing to celebrate until the end of trading when news came that S&P beat Indonesia in getting an investment grade rating. No wonder, I noticed that foreign brokers had been buying in certain blue chips the past days. This is exciting for the Philippines.
APRIL
April 30, 2013
My portfolio ended lower again today by 0.70% while the PSEi was on the upswing by 0.61%. I was still happy as the month of April earned for me a hefty 10.42% overall while the PSEi gained only by 3.32. This has been by far my best monthly performance to date.
April 29, 2013
My portfolio started strong with four of my stocks landing on the Top 5 Gainers at the opening bell. I was ecstatic. But as the hours passed, I realized that their respective leads were slowly corroded. I was only glad to be out of BHI with a respectable margin of 4.6% after buying it yesterday at a higher price than closing. At the end of the day, my portfolio paused in its advance and gave away 0.17% of its value while the PSEi was almost unchanged moving only forward by 0.04%.
I bought back CHI today after noticing that foreign brokers are buying it up. I also added more SLI after it went down further believing that its support is pretty support. My biggest mistake was buying TSI at P17.18. News came out later in the day that agreement has been reached for a Singapore-based entity to buy out 70% controlling stake of TSI at only P6.48 per share. So tomorrow, I will be cutting loss big time on this stock. The good thing though is that this accounts only a very small portion of my portfolio. Money management saves the day for me.
April 26, 2013
Back to my winning ways with my portfolio up 1.47% while the PSEi rose only by 0.43%. The disclosure that Ayala Corp. is planning to buy some real properties from BHI catapulted the latter's stock price. I sold BHI too early earning me 8.0% in gross margin and when I noticed the buying pressure was high I bought it back at 0.181. I hope my instinct is proven correct on Monday. My UBP is now gaining at least 11% but I decided to hold on because the valuation of this stock is still very high from current price. Today, I added more DIZ and also bought HI.
April 25, 2013
After a brief scare, SUN turned around and provided me with 9.3% in gross margin - the only sell transaction for today. Bought two more stocks - MCP and CAL - just could not resist buying them up even if this means having 12 stocks now in my portfolio. Overall, my portfolio reclaimed 0.47% of lost territory versus PSEi's 0.33%. I am expecting to sell at least three stocks tomorrow and put my portfolio back to its winning ways.
April 24, 2013
With five days of successive gains, I became overconfident and bought BHI almost at the top but then I was chasing shadows as the price action moved against my direction and it ended the day with 8.87% in losses. I also added SUN and MB to my portfolio transgressing my own rule of only managing 5-6 stocks. Now I have 11. The itch of buying is so tempting I seem to be powerless against it. Of the 11 stocks, only 2 - UBP and SMC - remain with net gains. I may have to pare them down tomorrow to 6 which means either cutting losses on some or taking profits on the two. Overall, my portfolio is down by 1.46% reversing all gains made yesterday. The PSEi is down by 0.14%.
April 23, 2013
The PSEi retreated by 1.94% prompting one exasperated trader to post expletive at PSEi on FB. Well, not me. Thanks to CAL, CHI, and TA my overall portfolio climbed by 1.45% reducing my capital loss to just 2.7% - the smallest so far. I cannot wait to start turning in profits and not just loss recovery.
Bought DNL today. Hope this will do well tomorrow.
April 22, 2013
Off to a big start as the PSEi blasted thru the roof rising by 2.35%. On the other hand, my portfolio went up by 1.47% bringing my portfolio gain for this month to date to 9.37% - my best performance ever. I cannot complain as my capital loss is now down to just 4.1%. If everything runs smoothly, I should be able to wipe this off before the end of this week, if God wills it.
This best performance to date was achieved even as I cut my losses on VUL by 5.3%. I added SLI to my portfolio while buying more CHI and DIZ. My hopes are high for the mining sector and I am now accumulating slowly with the biggest mining stock loser among the JAP stocks. My biggest gainers in my port are CAL, CHI, TA, and UBP. I am expecting SMC to kick upwards tomorrow as well as COAL and SLI. I might cut losses on T and ARA if they break downwards tomorrow. Overall though, I expect lots of profits. Yehey!
April 15- 19, 2013
The week started quite boring and unexciting with my portfolio and the PSEi both losing ground by 1.30% and 1.53% respectively. But starting on the third day, things turned around and got exciting with me buying and selling the most number of stocks in any given week. I bought and sold VUL, LTG and BHI at gross margins of 8.4%, 6.2% and 2.6% within just 2 days or less. I also sold VMC which I bought on April 4, 2013 at 8.7%. On the last trading day, I bought ARA, VUL, T, and TA and the charts ended looking good. So I am quiet excited about tomorrow. At the end of the week, my portfolio rose by 1.45% while the PSEi rose by 0.91%. My total gain for the month to date stands at 7.90% while the PSE is 1.64%. My capital loss is now cut down to just 5.5% from a high of 7.6% during the first day of trading for the month. I love it!
April 10 - 12, 2013
The PSEi came back strong after the one-day holiday rising by 2.43% in the last 3 days of trading for the week. My portfolio also rose but only for 1.73%. Better than nothing.
April 9, 2013
Bought COAL and DIZ at its lowest. Risk-return ratio is very low. I am now accumulating COAL from P10 and below in preparation for the eventual passage of the Mining Law after the elections. My port went up today by 1.43% all because of ARA. The PSEi also did well up by 1.24%. Good day trading.
April 8, 2013
I guess traders all around the world have realized the emptiness of Kim Jung Un's threats as most stock markets around the world went higher. The PSEi also halted its downward move and inched upwards by 0.08%. Very small gain but better than negative. My portfolio gained 0.39%.
April 5, 2013
Kim Jung Un calibrated his threats to higher decibel and the stock market went down further by 0.83% while my portfolio suffered by 1.41%. This guy is a maniac!
April 4, 2013
Kim Jung Un's bellicose rhetoric rattled the market and retreated by 0.46%. My portfolio did poorly going down by 1.11%. I hate that spoiled fat boy!
April 3, 2013
Another big gain today as my portfolio climbed by 2.60%. Sold my BKD at 8% gross margin. The PSEi reversed and moved higher by 0.99%.
April 2, 2013
The stock market continued its descent down today by 1.33%. My portfolio, on the other hand, continued its merry climb by 3.04% helped in large part by CHI and BKD. I sold part of my BLOOM shareholdings after it went down again.
April 1, 2013
The stock market did rise in the morning trade today after the investment upgrade announcement last week. But it lost steam and ended in the red by 0.12% as profit-taking ruled the other half of the day. My portfolio continued to surge by 1.22%. Hopefully, there will be no war between the two Koreas or it is going to be doomsday.
MARCH
March 22 - 27, 2013
Miracles does happen. On the last three trading days falling on the Holy Week, my portfolio made a remarkable comeback rising by 4.99% on March 25 and by 2.37% on March 27. The investment upgrade by Fitch on Philippine Credit Rating kicked up the stock market which rose by 2.74% on the day it was announced on March 27. My capital loss was pared down from a high of 18.6% on March 18, 2013 to 12.6% by the end of the month.
March 21, 2013
The sun shone bright for the local market today with the PSEi rising by 0.83%. This might signal the reversal of the downtrend hopefully. My portfolio did rise some more until early afternoon but tripped by 0.44% down the stretch.
March 20, 2013
I heave a sigh of relief as the day ended with my portfolio up by 1.08%. The bulls made a late advance to lift the PSEi into the green zone but yielded back to the pressure of the bears and ended -0.10%. I can already smell something.
March 19, 2013
The onslaught continued today with the PSEi losing by 1.68%. Fortunately, my portfolio managed to eke out a gain of 0.17% but not after it went down further in mid-trading. My decision is still to hold on.
March 18, 2013
My portfolio suffered a huge setback in a single day today melted by 5.57% while the PSEi dropped by 1.78% for the fifth straight. There is untold misery in the market and I wonder how long I can hold. What a mistake.
March 15, 2013
My portfolio and the PSEi continued to nosedive by 2.30% and 0.60%. I decided to hold on to my stocks - ARA, BKD, BLOOM, CHI, SMC, and UBP - believing they will have a great reversal after the dusts settle. SMC in fact already made a good turnaround at the last minutes before closing. I hope this is a good strategy. Buy and pray!
March 14, 2013
Black smoke continued to go out of the chimney today as the PSEi went down by 1.21% - already three days in a row. My portfolio also went down by 0.89% and I felt bad about it - already five days in a row. Is there no end in sight yet?
March 13, 2013
I cut losses on MHC by 11.1% and I may have been wrong because minutes later it bounced. If it continues to go higher tomorrow then what a bad decision I just did. I added to my BLOOM buying it at 15.1 from what I salvaged from BLOOM. I am increasing my stake in BLOOM betting this may increase before the opening of their hotel cum casino on March 16 2013.
Overall, my portfolio slid by 1.01% while the PSEi moved down by 0.15%. It is another sad day.
March 11 - 12, 2013
Bloody first two days of the week with my portfolio down by 1.74% while the PSEi lost 0.69. Our facebook trading forum has been characteristically quiet when the market is down.
March 8, 2013
Got hit big time today when I was out the whole afternoon while trading was going on. My portfolio was down by 2.25% while the PSEi ran upwards by 1.62%. BKD and MHC accounted for about 80% of the entire loss. Bought back BLOOM but it too lost some more. Wrong move. Hoping for a reversal of fortunes next week. Bad day!
March 7, 2013
The local market got a beating today with the PSEi down by 1.61%. Up to last hour, my portfolio was also in the red. All thru the day, I was monitoring two stocks in the Top 5 gainers - VITA and BKD - because both had already broken out with very nice volume. I waited for their respective prices to dip back and when they did I got my chance and bought each. I got worried when their respective prices went even lower by more than 2% - 4% from the price I got them. At the last 30 minutes, BKD went up and I sold mine too early. Realizing that BKD was about to hit the ceiling, I decided to hit the buy button again and and went all in. By the end of the day, my portfolio from red to green gaining by 0.92%. What a day!
March 5 - 6, 2013
After regaining its footing, the PSEi made a fierce comeback posting 1.12% and 1.84% respectively on March 5 and March 6. My portfolio went down after I failed to liquidate my position in BLOOM which lost steam the past two days. This morning, I was forced to sell BLOOM at a much lower price. Overall, my portfolio went down by 1.52% and 0.06% the past two days. It would have been much worse if I had not made a good position in TSI.
March 4, 2013
A big day for BLOOM as it surge past its psychological resistance of 16.5 and settled at 16.58 after hitting 16.62. I sold some of my BLOOM at 16.10 and 16.24 but hold the majority and may sell them tomorrow if I see some weakening in volume as well as price action. I also sold BHI at a loss today by 4.1%. Overall, my portfolio is up for the second straight day by 2.38% while PSEi lost by 0.07%. My capital loss is now down to 5.7%.
March 1, 2013
Today marks the reversal of fortunes as the PSEi lost 1.18% while my portfolio went up by 1.48%. My bet on BLOOM which I have been holding since January 3, 2013 finally paid off handsomely as it broke resistance today. Next week, this is going to go higher. I also expect PSE, UBP, BHI, and SMC to come to the front of Top Gainers in the coming days. My capital loss is now pared down to 7.9%. I am expecting to totally wipe this off within 2 weeks and thereafter and I should only be seeing profit and more profit in the days ahead. More than 2 years of learning experience should now start to yield happy outcomes. Exciting!
FEBRUARY
February 7 - 28, 2013
A host of uncontrollable factors had sidelined me from doing my daily updates. Anyway, for the whole month of May, I took a market contrarian approach when I noticed market was breaking highs no end. I can sense bullish exuberance with the market going too much ahead of expected economic growth. So I decided to buy stocks that are fundamentally good but have been left behind by most indexed stocks. Throughout the month, my portfolio suffered going down almost daily while the PSEi went higher and higher. Sometimes, I just had to bit my lips and closed my eyes thinking that my approach may have been wrong. But deep inside I know that the market will soon correct and when it does my portfolio will rise again.
During this period my portfolio went down to as low as 11.7%. At the end of the month, it made a good recovery with my capital loss standing back to 9.2% only 0.1% lower versus January 31, 2013. Overall, the PSEi gained 7.47% while my portfolio lost 0.10% during the entire month of February 2013. I am confident though that a different story will unfold in March.
February 6, 2013
The market started off fine in the early going but soon went downhill losing at the end of the day 0.60 of its value. My portfolio was also down by 0.79%. Bought back VITA after it went up three days in a row and breaking the upper trendline. Hope my call is correct. Might liquidate my LR tomorrow.
February 5, 2013
There was panic selling in the market after European and US markets fell down the other day. All counters were in the red but I held on to my positions knowing that a panic selling like this is short-lived. Why? Because there is nothing internal to the Philippines that went fundamentally wrong. And indeed after about two hours the local market climbed back and the PSEi posted another record high by 0.54%. My portfolio went under by 0.58% as BLOOM was battered by sellers. I bought and sold on the same day TSI and gained 3.8% margin. It closed higher though. Ha ha ha.
February 4, 2013
I am finally convinced that ORE may still take some time to peak up so I cut my losses. BLOOM went higher but not as I expected. My portfolio and the PSEi both registered 1.86% in gain. Wow that is a first!
February 1, 2013
For some reasons, my portfolio fell down by 1.15% while the PSEi went higher by 1.22%. It was a bit disconcerting after seeing my portfolio shot off the roof the previous month. I bought BLOOM when it broke out.
JANUARY
January 22 - 31, 2013
I was hit with the flu bug and a severe form of tonsilitis for most part of this period. I was completely immobilized when the flu hit me and can hardly swallow while losing my appetite for food at the same time.
My portfolio, on the other hand, was as hot as my fever hitting outperforming the PSEi during this period. My portfolio rose by 4.53% while the PSEi rose only by 1.17%. I made a very good call cutting losses on VITA and buying PRIM. I also sold at a profit a number of stocks - LC, ARA, GERI, CYBR. Overall, the month of January was my best so far with my porfolio gaining in value by 10.09% while the PSEi moved up by 7.22%.
January 21, 2013
The market was boring today with very little plays if any. Yet the PSEi continued its uphill climb by 0.53% while my portfolio lost by 1%. Today, the PSEi has overtaken my portfolio for the first time since start of trading. The cumulative gain of PSEi now stands at 6.05% while my portfolio cumulative gain stands at 5.56%. Took profits on ARA, LC, MER and ROCK and bought up MARC. ORE and VITA double-teamed to bring my portfolio down. Hoping for a bounce tomorrow.
January 17-18, 2013
The PSEi went higher for two days gaining by 1.51% and my portfolio went up as well by 1.42%.
January 16, 2013
Same story today The market was green but only briefly and then a deluge of profit-taking stoked by fears of market correction took control. The PSEi was down 0.66% lower than yesterday's. It is looking like we are headed for a four-day drop. My portfolio did not survived the onslaught dropping 1.83% of its value. Sold CAL at a loss and will probably sell VITA tomorrow. Only ROCK remained in the green but still lost some gains. Hoping a bounce tomorrow for this stock.
January 15, 2013
The morning started quiet good with all counters in green. But when afternoon came, profit-taking overtook and the PSEi indent went down by 0.10% along with other counters except Property, Service and Mining and Oil. I sensed something with BLOOM with foreign brokerages short selling it for the third straight day that I cut my losses. Despite all that, my portfolio went up by a staggering 2.11% courtesy of ROCK which continued going higher. I decided to hold on instead of taking profits sensing it is going up to P4.0 apiece. Tomorrow, I might sell ROCK as well as cut loss on VITA.
January 14, 2013
The PSEi and my portfolio continued going forward by 0.70% and 0.82% respectively. ROCK performed spectacularly among the stocks in my portfolio landing in the Top 10 gainers of the day with 6.09%. BLOOM may finally kick upwards tomorrow as its volume traded today increased by 1,684.20% after the run-off. Something is going on here.
January 11, 2013
The market averted what might have been the start of a major market correction as the PSEi returned to profitability with 0.55% in gains. My portfolio did the same gaining 0.75%. Sold the last of my OV shareholdings at 5% gross margin.
January 10, 2013
I opened Bloomberg this morning and learned that the US and the European markets ended higher the previous day. So it was with great expectations that the Philippine market would continue running north. I took a position on CAL at P4.06 lower than the closing price the previous day at P4.09. Within minutes from opening, CAL went up to as high as P4.11. I took off from monitoring the trading to take care of my little girl who was going to school. The next time I know, the market went down badly and all counters were in the red. My CAL bid was hit, I had no time to cancel my order. Throughout the day, there was selling everywhere and my portfolio was down by a hefty 2.74% while the PSEi retreated by 1.19%. Only two stocks remained in my portfolio survived the downspin - MER and OV.
January 9, 2013
My portfolio was able to hold off going down today and managed to eke out a 0.29% while the PSEi went higher again by 0.70%. Of the three stocks I added to my portfolio only GERI remain in the negative while MER and ROCK are already green. BLOOM looks like being dragged down intentionally to test weak hands but somehow it is resilient. There is no way but up for this stock.
January 8, 2013
Profit-taking ruled the morning trade but the PSEi managed to shield itself in afternoon trade and ended still higher by 0.07%. My portfolio went down as stocks I bought today - GERI and MER - succumbed to profit-taking. VITA and BLOOM also went down. Only OV and ROCK survived and remained in the green zone. Overall, my portfolio is down by 0.66%.
January 7, 2013
Most stocks in the Asian region fell down today. But the PSEi broke the 6,000 mark rising by 1.23% - another historic high - which keeps everyone guessing when the correction will take place. My portfolio also rose by 1.17% today bringing down my capital loss to 12.2% from 17.6% just five days ago. I took profits on LC (gross margin of 7.8%) and GMA7 (gross margin of 9.9%) and bought ROCK. I also tried to buy PX but the online system of my broker was experiencing some technical glitches as it often does during heavy trade. It sucks!
January 4, 2013
My portfolio has risen for three consecutive days now of the new year bringing it up today by 0.81% versus 0.63% of the PSEi. Cumulative gain for the week of my portfolio stood at 5.23% while the PSEi stood at 2.71%. VITA made a huge climbed uphill today erasing previous losses before retreating back. LC also looked good maintaining its upward march. OV just maintained its gain the previous day. Looking forward to more gains next week. Hopefully BLOOM will really bloom next time. Happy first week of the year!
January 3, 2013
My portfolio continued to shine today by 0.68% while the PSEi shined even brighter this time by 1.25%. Four of five of my stocks in my portfolio gained today with BLOOM showing signs of a breakout within a few days.
January 2, 2013
My portfolio was off to a good start shooting upwards by 3.74% on the first day of the year while the PSEi also went up by 0.83%. GMA7 and OV went higher while LC, BLOOM, and VITA registered modest gains. I book some gains in OV and planning to either rebuy OV when it dips or add to my arsenal in BLOOM.
YEAR 2012
DECEMBER
December 27, 2012
After hitting another all-time high yesterday, the PSEi retreated by 0.65%. My portfolio went down as well by 0.86%. The only bright note was GMA7 which continued to slowly rise from where I bought it and now registering a 5.62% gross margin. ALPHA is still unable to comply with the minimum public float requirement. Last trading day tomorrow and I may have to ditch this stock for good.
December 18, 2012
There was bloodbath in the stock market the whole day and specially in the afternoon trade but somehow the PSEi still managed to turn back the bears and pushed itself higher by 0.23%. My portfolio, on the other hand, got shot and was down 1.31%. I am so frustrated with how my stocks perform.
December 17, 2012
It continued to rain on the local stock market with the PSEi drowning in the waters by 1.46% while my portfolio sunk by 0.66%. Sold PNB at a 8.5% off the purchase price. Bought VITA on account of its disclosure it is currently looking for joint venture or merger and acquisition. OV looks like gaining ground ending the day at 0.04. GMA7 also gained momentum mid-afternoon before sliding back to where it started in the morning.
December 14, 2012
Market correction continued on the third day with the PSEi dropping by a big 1.40%. My portfolio was also down by 0.83% leaving my capital loss standing at 15.8%. Not good.
December 13, 2012
My portfolio swung back to life advancing 1.12% while the PSEi retreated for long expected correction by 0.55%. All the stocks in my portfolio improved even when the market was ruled by profit-taking.
December 12, 2012
I sold MER and MWIDE today at 3.4% and -4.1% respectively gross margin. I decided to sell MER when I noticed it had a hard time going up and because I have been holding it for 23 days already. I sold MWIDE when I noticed it was moving down again contrary to what I expected as a breakout when I bought it yesterday. I turned around and bought LC and PNB. The mining stocks sizzled today and since LC and all mining stocks have already lost about 50%-75% in value, the risk-return trade-off is already acceptable. PNB is breaking out and I believe there is something here especially about the confirmed rumors on the BPI interest in the merger. The technical indicators of both stocks are looking great.
The day, however, ended in another bloody red with my portfolio down again by 1.96%. It looked like it got hit my a Mexican perfect punch. The PSEi, also, paused a little bit shedding off 0.20%. I am excited about tomorrow for LC, PNB, and GMA7. OV and BLOOM are not showing any signs of recovery soon.
The day, however, ended in another bloody red with my portfolio down again by 1.96%. It looked like it got hit my a Mexican perfect punch. The PSEi, also, paused a little bit shedding off 0.20%. I am excited about tomorrow for LC, PNB, and GMA7. OV and BLOOM are not showing any signs of recovery soon.
December 11, 2012
The PSEi roared today by 1.28% while I was baffled with the continuing decline of my portfolio by another 0.53%. Something is wrong and I might start cutting losses tomorrow if nothing happens by then.
December 10, 2012
The PSEi tumbled today by 0.63% and my portfolio continued losing strength four in a row by 0.24%. No buy and sell today and just watching the boring trading onscreen. I slept before the day ended.
December 7, 2012
The Amazing PSEi continued marching upwards by 0.53% while my portfolio slid again for the third consecutive day by 0.24%. Sold TEL at 6.9% gross margin.
Tonight, I will be attending a party organized by the Philippine Investors Group. This will be my first party for the year.
December 6, 2012
The one-day rest was soon over and the PSEi resumed to greater heights by a whooping 1.33%. This Cinderella story is mesmerizing. My portfolio, at first, also climbed higher in the morning only to fall back in the afternoon by 0.10%. My biggest gainer was TEL.
December 5, 2012
After a 7-day run, the market finally took a pause as the PSEi bowed to its knees by 0.33%. My portfolio did the same by 0.25%. Fortunately, one more stock in my portfolio (MWIDE) joined the three other gainers (MER, TEL, GMA7). I can also sense that OV is bottoming out and will reverse before the week ends.
December 4, 2012
The market did not show any exhaustion and continued to climb by another 0.59% and rested at 5,706.28 at the close. This is another record high. My portfolio also climbed higher today by 0.94% reducing my capital loss to 13.2%. GMA7 and OV climbed today and I am hoping these stocks together with MER and TEL will erase all my losses before the end of the year. My fingers are crossed!
December 3, 2012
The PSEi started slow and was actually in the red in the morning trade but managed to post a 0.57% gain. My portfolio remained almost flat in the morning, gained momentum in mid-trading before settling down to a 0.33% gain. MER made a strong climb by 3.66% landing number 14 among Top Gainers. On the other hand, TEL sputtered and OV lost one fluctuation below. I added MWIDE and GMA7 on my portfolio and both ended higher at the close. This is a good start of the last trading month for the year.
NOVEMBER
November 29, 2012
As expected, the market was in profit-taking mode and most stocks ended up in the red. I was right in selling PNB the day before. OV went down to 0.039 and I added to my holdings. My portfolio overall was down by 0.57%. Surprisingly, the PSEi managed to gain by 0.12% before closing.
So for the whole month of November my portfolio had a net loss of 0.93% while the PSEi gained by 3.93%. It was complete knockdown. My accumulated capital loss now stands at 14.3%.
So for the whole month of November my portfolio had a net loss of 0.93% while the PSEi gained by 3.93%. It was complete knockdown. My accumulated capital loss now stands at 14.3%.
November 28, 2012
With the reported 7.1% GDP growth on the third quarter, the stock market sizzled rising by 0.85% and so did my portfolio which jumped by 1.07%. It was a happy day for everyone. I sold PNB at 5.9% gain thinking that tomorrow, as last trading day of the month being Friday a holiday yet again, people will be taking profits.
November 27, 2012
The Philippine Stock Market has reached a new record high for the 30th time today rising 0.13% from previous day. My portfolio went up higher by 0.35% beating the PSEi for the first time in so many days buoyed by PNB and TEL. Tomorrow, I expect a continuation of this uptrend and hopefully MER and BLOOM will pitch in the effort.
November 26, 2012
The market opened slowly which continued throughout the day although the PSEi still managed to climbed higher at day's end by 0.49% while my portfolio inched up by 0.28%. I am hopeful that the last remaining days of November will somehow deliver the much needed boost for my stocks on hand - OV, PNB, MER, TEL, BLOOM, COAL, and ALPHA.
November 23, 2012
The PSEi made a strong comeback today going up by 0.71% while my portfolio was also up but only by 0.38%. My portfolio performance for this month to date is still bad down by 1.79% while the PSE is up by 2.83%. Not a good one versus last month. Hoping for a nice rebound next week.
November 22, 2012
Disappointments ruled the day as nothing definitive came out from both BPI and PNB concerning the merger. The BIG letdown resulted to the PSEi shedding off 0.38% while my portfolio tripped over by 0.86%. So is this going to be the GMA7-TEL buyout redux that never came true?
November 21, 2012
The stock market recorded another high for the 27th time this year up by 0.61% while my portfolio was only up by 0.19%. The financial counter took an early charge with about 6-7 banks in the Top 20 gainers. Disclosure was out about ongoing discussions for possible majority buyout by BPI of PNB. Both stocks were put on trading halt today. I am excited about this as I was able to buy PNB at P84.10 at the close of trading yesterday.
November 16 - 20, 2012
For the past three trading days, my portfolio was only slightly up by 0.22% while the PSEi zoomed by 1.58% and have again today registered another all-time high at 5.500.58 points. Now, I wonder, when can I have that personal all time-high?
November 15, 2012
There was a mad rush to the exit door in today's trading with all counters ending in the red and the PSEi going down by 0.67% while my portfolio wiped out all gains in the previous days as it went down by 0.56%. Bad day for all as the local market succumbed to the bearish movements everywhere.
November 14, 2012
Better day then yesterday but still fell short of expectations. My portfolio was up by 0.26% while the PSEi went down again by 0.09%. Boring day.
November 13, 2012
Different day, same story. My portfolio went up wild in the morning and slowly dissipated its gains by closing to end with the same gain as yesterday (0.05%) versus the PSEi which declined by 0.27%. BSC rebounded while OV maintained its gains yesterday. On the other hand, ALPHA made a quick U-turn to the south.
November 12, 2012
My portfolio started strong but sputtered in the end and managed only to register a measly 0.05% gain while the PSEi was even lower at 0.03% gain. BSC disappointed me but ALPHA and OV made up for it.
November 9, 2012
The heavens responded positively on my plea pushing my port up by 0.9%. PSEi also moved up by 0.41%. It would have been much higher had I not been undecided to take profits on BSC. However, BSC's chart pattern is very encouraging and it has a very good probability of going up even higher next week. I will be watching this stock closely including BLOOM, EW, LR, and OV.
November 8, 2012
The PSEi started weak but then made a sudden reversal in the afternoon trade thus ending 0.17% higher than previous day. My portfolio continued to languish for the 4th straight day and today was down by 0.18%. I hope tomorrow will be a different story.
Bought another OV today at P0.040 apiece. I have been expecting to go this low since three weeks ago but this may go lower to P0.039 and then should go up after. My capital loss is now at 15.8%.
November 7, 2012
The PSEi started and ended in the red by 0.66% while my portfolio continued its slide by 0.84%. Sold LPZ at P6.0 apiece but it proved a very early sell as it climbed even higher. I bought LR and SMDC today betting that these two stocks are going to make an upward reversal within the week. My portfolio loss is now back to 15.6%.
Meanwhile, Barack Obama won another four-year term over Mitt Romney. A check on Bloomberg shows that stocks in Europe rise over the US election result. I hope it is gonna be good tomorrow.
November 6, 2012
I was already prepared to cut losses on COAL when I saw it going down further during the morning session. Unfortunately, my computer conked out and was not able to bring it back on until 2 hours later. When I was finally able to log in, COAL already lost about 15% in my portfolio that I quickly killed it. LPZ, however, broke out and gained 9.01%. I just let it run for now and planning to sell it tomorrow or a day after. I also sold GTCAP and EDC at a modest gain and planning to buy either OV or LR tomorrow. Today, my portfolio lost 1.37% while the PSEi gained 0.29%.
November 5, 2012
My portfolio was down by 0.30% versus PSEi which went up by 0.61%. COAL which I bought on October 30, 2012 continued its slide and was major contributor to my portfolio's negative performance.
OCTOBER
October 15 - 31, 2012
This was by far the most profitable period cutting my capital losses from a high of 20.29% on October 1, 2012 to as low as 12.55% on October 22, 2012 before settling down to 13.45% capital loss by the end of the month. Total monthly gain stood at 3.6% versus the PSEi at 2.72%.
October 8 - 12, 2012
I started the first trading day of the week with a 2.64% gain - the highest ever recorded in so many months. BLOOM and BSC went up by more than 13% each in my portfolio. Thinking it will continue going up, I decided not to sell. The following day, profit-takers took turns selling and BSC went to negative territory in my portfolio while I was forced to sell BLOOM at 12% gross margin. The combined effect on my portfolio including other stocks was a drop by 3.68%. It was a big letdown.
On the succeeding three days, my portfolio climbed back up although by smaller percentages. GREEN skyrocketed in value from P0.016 on October 5, 2012 to P0.020 on October 11, 2012. I sold mine at P0.018 which I posted before driving my daughter to school. GREEN had been trading sideways for days and I thought it would continue doing so for sometime. I was taken by surprised that it went up so high and my post was done. Anyway, profit is a profit. Today, October 15, 2012, GREEN went on to close at P0.021 and an intraday high of P0.022.
During the week, I bought only two stocks - PX and SGI. PX, like all other mining stocks, has been downwill for many months now. On October 10, 2012, PX already lost 56.9% of its value from May 30, 2012. As they say, "buy low and sell high" and I could not resist not buying an undervalued stock. At the last trading day of the week, PX already gained 2.24% net. On the other hand, SGI lost further by 6.19% net. At the end of the week my portfolio was up by 0.30% versus PSEi which lost by 1.30% on a week to week basis.
October 1 - 5, 2012
Stock trading is more fun in the Philippines. After the Asian Development Bank revised its growth target for the Philippines upward to 5.5%, the PSEi hit a new all time high on Thursday closing at 5,443.74. The PSEi has been on upward climb for the past three days and this morning it attempted to break again but retreated by 0.07% at the close.
A week ago, I asked my former stock trading teacher and one of the respected gurus in stock trading if the energy sector is going up in the coming weeks. He concurred. This made me feel better as I have been invested heavily on energy stocks like GREEN, BSC, OPM, and PCOR. I reasoned that with the Philippine economy performing like Cinderella, it will have to beef up its power sector. This morning, I was pleasantly surprised to find BSC, OPM and PCOR trading well. I took profits on OPM while staying put on GREEN, BSC, and PCOR. While GREEN is simply going sideways trading between 0.015 to 0.016, I am hopeful it will trade up to 0.020 when its financial and operations partnerships with foreign firms materialize.
I also jumped in on two gaming stocks - BLOOM and LR - and both are doing well. BLOOM is my best performing stocks already earning 12.46% gross margin to date. LR, on the other hand, is earning 5.61%. I cannot be happier seeing most of the stocks in my portfolio turning up green after several weeks in the doldrum. My capital loss is now down to 18.03% from a high of 20.29% on October 1, 2012. Hope springs eternal.
September 17 - 28, 2012
I spent the last two weeks revisiting my trading methodology and trading psychology and realized that 80% of the time my trading methodology was correct but my trading psychology was a bit unprepared of the sudden downturns. I cut losses on stocks only to find them going up to higher levels again after days. After the last cut-loss action, I resolved to stick with my buy positions unless severe macroeconomic and corporate performance factors come into play. So I hold on to last six stocks in my portfolio from a high of thirteen. I realized that had I simply held on to my previous stocks I could have earned more than enough to recover most of my losses. Of course, I was right on cutting losses on the others which suggests that this time around, I will really have to be very careful on both grounds - trading methodology and trading psychology.
At the end of the month, my portfolio lost by 0.42% versus PSEi which gained by 3.49%. Something is definitely wrong and I need to correct this in the next trades. Total portfolio loss to date now stands at 19.79% more than the 15% cap I have set for myself. Bad.
September 10 - 14, 2012
My portfolio seesawed between gains and losses everyday and closed by 1.66% in contrast to a huge gain by the PSEi of 2.32% for the entire week. Global stocks responded positively to the Fed's announcement on September 13 to "embark on a third round of quantitative easing with open-ended purchases of $40 billion of mortgage debt a month as it seeks to boost growth and reduce unemployment" (from Bloomberg).
This week I sold most of my stocks in my portfolio some at a gain (GERI, TDY) and others at losses (CAL, IMI, ROCK). Looking back, my decision to sell GERI, TDY, IMI came too early as these stock went higher a day after. Patience is a virtue I need to practice and practice some more.
September 3 - 7, 2012
The first three trading days of the month was hostile with my portfolio losing every day. I did not buy anything but simply let my existing stocks hang for dear life. It looked like the Ghost month was going on without mercy but things improved on the fourth day and looked great on the fifth with my portfolio ending the week with a net gain of 1.52% versus the PSEi weekly gain of only 0.11%. Investment capital loss was pared down to 18.30%. On the last two days, I bought GREEN, TDY, and ROCK while selling EW at 1.3% gross margin. I sold too early as this stock even broke out of its resistance level. I am betting on GREEN, TDY, and ROCK to make solid runs next week.
AUGUST
August 28 - 30, 2012
Trading was again suspended on August 27, 2012 due to another public holiday leaving the last week of the month only four days of trading. I forgot to log my portfolio status on the last day of trading on August 31 but it certainly looked bad. My last recorded status on August 30, 2012 showed total investment capital loss to date of 19.62%. It is not looking good and the Ghost month, if the Chinese are to be believed, indeed affected trading negatively. It was boring the whole week.
August 22 - 24, 2012
With two non-working holidays in succession, this week was the shortest in trading days and the market was expectedly lethargic. With the Ghost month already setting in, the PSEi lost 1.21% while my portfolio had it worse shedding 1.99% by week's end. Noticing that GREEN could hardly pass muster beyond P0.017, I was forced to sell my remaining shares at P0.016. I also cut losses on ABS and ALI as both suffered further selldowns. I bought a little CAL with much caution after this hit bottom and rose for a possible quick reversal.
August 13 - August 17, 2012
Another Typhoon (Helen) paid a courtesy call on Philippine territories but this time trading was not suspended for a day. It made landfall on the northern parts of Luzon and its presence was hardly felt in Metro Manila.
Trading was hardly eventful the whole week except for those who believed in the Ghost month which officially started on August 17, 2012 - the last trading day of the week. The PSEi retreated by 1.08% while my portfolio advanced by 0.91% for the entire week. If not for my bet on GREEN which rose in value from P0.015 to a high of P0.018, my portfolio would have suffered much erosion. Luckily for me, I have been going in and out of GREEN for about three months now and earning on its every move. By August 15, 2012, my portfolio was about 15.7% invested in GREEN and it was already earning 7.14% on that day. On August 16. 2012, the company disclosed a private placement at P0.20/share which meant that the stock was undervalued at P0.015 its closing price on August 15, 2012. After the disclosure was out, posted bid volumes and prices quickly shot up from P0.015 to P0.016 on pre-opening. I posted a sell order at P0.016 but quickly cancelled it when bids were moving up to P0.018 and reposted my sell order at that price for 31% of my GREEN shareholdings. GREEN did open at P0.018 but never rose higher as I had wanted. While my P0.018 sell order was done, I could not sell the rest of my shareholdings at a much higher price as profit-takers took turns selling down. So I joined in and sold another 34% of my GREEN at P0.017. To date, I still have GREEN shares which I plan to liquidate when the price will shoot up again.
Apart from GREEN, all the other stocks in my portfolio went under and I was forced to cut loss on ACE by 11.5% off its purchase price. I am hoping that this will be the last stock which I have to cut losses as I am planning to simply buy and sell only 5 stocks at the most. At the end of week, my portfolio is composed of 10 stocks.
August 6 - August 10, 2012
Typhoon Gener and the torrential rains came and passed leaving behind a flooded metropolis and much of Luzon. On Tuesday, it became too bad that trading was suspended. I could not concentrate on trading as I was worried about the devastation.
For the entire week, my trading gains and losses popped up alternately. One day, I was up and the next day I was down. It mirrored the confused state of affairs. At the end of the week, my net loss was 0.32%. The PSEi, on the other hand, ended the week down by 0.42%.
July 30 - August 3, 2012
The two stocks I bought last week - ALI and LR - rose by more than 1% on July 30, 2012 proving the point that you enter a stock only when the price action is going up and not going down. These continued to rise the following day. On August 1, somebody posted a tip at the stocktraders facebook group - Traders Information Exchange - that HLCM, a cement company, posted a solid first semester performance and is looking towards a more robust second semester. I quickly sold ALI and LR at a modest profit of 2.0% and 4.2% respectively and bought HLCM at P11.92. On the first trading day of August, HLCM retraced 0.31% of its value from where I bought it. But in the succeeding days it continued to climb and closed at P12.58. I am planning to sell this next week.
During this week, I was already contemplating of cutting losses on two other stocks - ABG and AGI - but the prices were still holding on above their respective resistance levels. So I decided to hold on. That was a bad decision on two accounts.
The day before, July 31, 2012, TDY was put on voluntary trading halt as the company was about to announce something significant. Trading was to resume the following day. The price of TDY has been on the rise for several weeks and closed at P5.10 on July 30. By the end of that same day, TDY disclosed that its name was going to be changed to LT Group of Companies as a holding company of all companies under control by Lucio Tan - the second richest man in the Philippines. When trading resumed on August 1, the price of the stock skyrocketed and hit the ceiling price before 12 noon closing at P7.65. I did not have time to react as I was out to bring my wife to the office and my eldest daughter to school. On August 2, TDY rose again by another 50% and closed at P11.46. While everyone was in frenzy buying TDY at whatever price, I was frozen to inaction undecided to whether sell ABG and AGI. TDY was in the news and analysts put the valuation between P16.0 to P18.0. On the last trading day of the week, I decided to cut losses on ABG and AGI when both stocks dropped below the resistance level. I was about to buy TDY but my instinct told me not to chase the price because US and European markets just went under the previous day and it was a Friday and people would probably locked in profits given two days of uncertainty during the weekend. I was right. TDY plunged from a high of P14.66 to P10.88 at the close.
As it was already a Friday, I was a bit undecided on what to buy and sell until the tipster posted another information on Facebook about ROCK. After reading the post, I glanced at the price action of ROCK on the online trading system and noticed significant trading volume. Since I am always wary on hot tips, I decided to wait. When ROCK continued to climb, I decided to buy at P3.7, P3.8 and P4.06. ROCK closed at P4.0 and I had a net gain of 4.11%. ROCK is still in my portfolio and am planning to sell it next week as well. Also on Friday, I did a good job day trading GREEN buying it at P0.014 and selling it at P0.015 within hours.
During this week, I was already contemplating of cutting losses on two other stocks - ABG and AGI - but the prices were still holding on above their respective resistance levels. So I decided to hold on. That was a bad decision on two accounts.
The day before, July 31, 2012, TDY was put on voluntary trading halt as the company was about to announce something significant. Trading was to resume the following day. The price of TDY has been on the rise for several weeks and closed at P5.10 on July 30. By the end of that same day, TDY disclosed that its name was going to be changed to LT Group of Companies as a holding company of all companies under control by Lucio Tan - the second richest man in the Philippines. When trading resumed on August 1, the price of the stock skyrocketed and hit the ceiling price before 12 noon closing at P7.65. I did not have time to react as I was out to bring my wife to the office and my eldest daughter to school. On August 2, TDY rose again by another 50% and closed at P11.46. While everyone was in frenzy buying TDY at whatever price, I was frozen to inaction undecided to whether sell ABG and AGI. TDY was in the news and analysts put the valuation between P16.0 to P18.0. On the last trading day of the week, I decided to cut losses on ABG and AGI when both stocks dropped below the resistance level. I was about to buy TDY but my instinct told me not to chase the price because US and European markets just went under the previous day and it was a Friday and people would probably locked in profits given two days of uncertainty during the weekend. I was right. TDY plunged from a high of P14.66 to P10.88 at the close.
As it was already a Friday, I was a bit undecided on what to buy and sell until the tipster posted another information on Facebook about ROCK. After reading the post, I glanced at the price action of ROCK on the online trading system and noticed significant trading volume. Since I am always wary on hot tips, I decided to wait. When ROCK continued to climb, I decided to buy at P3.7, P3.8 and P4.06. ROCK closed at P4.0 and I had a net gain of 4.11%. ROCK is still in my portfolio and am planning to sell it next week as well. Also on Friday, I did a good job day trading GREEN buying it at P0.014 and selling it at P0.015 within hours.
I learned a lot this week. I need to have a quick mind and a fast finger in reacting to tips. But of course, hot tips should always be treated with a grain of salt. As regards TDY, I heap praises to my online friends who made money but mourn for those who bought on the last trading day. Hope you can still recover your losses though I am also planning to buy TDY when it closes the two gaps. Would it? I am already excited for tomorrow's opening. Yehaa!
July 23 - 27, 2012
This week must be remembered as the most unexciting as my portfolio hardly moved registering only 0.1% decline in value while the PSEi gained 0.19%. It is looking a lot like the Ghost Month is already here even when it still officially starts on August 15 and ends on September 17, 2012. Some friends are already getting out of the market preferring cash so that when the market bottoms out as expected by the end of the Ghost Month, they can buy them back at bargain prices. I am planning to do the same but could not resist passing up on whatever remaining profit opportunity there is. So when I saw the price action of two stocks - ALI and LR - going up, I immediately took the opportunity of adding them to my portfolio. ALI, like most property stocks, went up on the last two trading days due to the BSP rate cut of 25 basis points announced on Thursday while LR went up due to cash dividends declaration issued on Friday. Hopefully, these two stocks will continue to rise when trading resumes tomorrow.
July 16 - 20, 2012
The
week started strong for the PSEi on July 16, 2012 as it posted a healthy 1.60%
in growth. In contrast, my portfolio backpedaled by 1.35%. Then the PSEi went
southwards successively for three straight days bucking upward trends
everywhere else as if it lost gas going the distance in the previous week. Many
analysts called it a healthy correction pointing out that investors and traders
especially foreign ones pulled out to look for cheaper markets elsewhere.
Indeed the PSEi had for the most part before July 6, 2012 made a strong climb
breaking previous highs that it became all too apparent that it needed to catch
its breath.
My
portfolio got beat up for four straight days losing 3.97% of its value while
the PSEi only lost a total of 0.46%. I stopped some of the bleeding by cutting
losses on DIZ and ACE. Being a mining stock, I figured that all mining issues
may take a while to recover as the government continues to withhold issuance of
new mining permits pending legislation of new profit sharing scheme. That took
away the excitement in mining.
ACE is something that gives me a valuable lesson
and that is to pay attention to stock dividend declaration and its effect on the stock
price. On June 11, 2012, ACE announced a 250% stock dividend with ex-date on
June 20, 2012. On the ex-date, ACE recorded a new high at P5.69 per share.
After the ex-date, the stock price of ACE plunged. When I was reviewing the
chart of ACE on July 9, 2012, I was then not aware of the stock price
announcement. I did some projections where price may settle and figured to
enter when the price hit the lowest bound of the price channel. On July 9, I
bought ACE at 2.688. When I posted my buy position in the online forum, someone
called my attention of the stock dividend disclosure. I ignored the advice
believing that ACE was about to bottom out after losing 52.8% of its value.
Technically, the volume has already tapered off, the candlestick form was a doji signifying market was at rest after downfall, and the RSI was already below 30. The
MACD and DMI, though were still bearish, were to me would soon reverse the trend. So when I saw two more doji candlesticks the next two days, I
added more to my position at P2.55 and at P2.50. That was a bad call. The
following days, ACE came down hard further. It was late for me to realize that
the stock dividend was 250% and when I computed the effect of the price from
the ex-date, the price would be P2.276. It was too late a realization and sold
all my ACE shares at a loss at P2.12 on July 16, 2012. On July 20, 2012, ACE
closing price was P1.63. Many investors got burned out and got out madder than
I possibly was.
At
the end of the week, my portfolio loss stood at 19.21% bigger than the maximum
loss target of 15% that I have set for myself. Hopefully, next week will be
another story and I am praying that the President's SONA on Monday will bring
good tidings.
July 9 - 13, 2012
Details of the E.O. on Mining Policy disappointed with issuance of new mining permits suspended pending legislation of new revenue sharing scheme. Mining stocks declined and I offloaded my last remaining mining stock (ORE) on January 10, 2012 at 2.60% gross margin.
The whole week saw my portfolio seesawing between positive and negative change. It will go up one day and down the next day. I did not worry much as I gained better confidence in my stock selection and the stocks showed little volatility going down. My trading activities were busier this week than in the previous weeks. I had a scary but brave call on LMG buying it at P1.89 when it went down hard by 23.3% on July 11, 2012 after it went up strongly by 50% the day before. Some of my Facebook friends were shaking their heads that I made such call. The day after, the stock went down again by 1.1% closing at P1.79. Some of my friends advised me to cut my losses. I held on knowing that the support is pretty much strong at P1.70 and that it would move up again. And it did the following day and I closed my position at 6.88% gross margin. I was so proud I made such call and my FB friends congratulated me.
On the last trading day, I read a disclosure from the PSE website that RFM is negotiating to sell its subsidiary (SFI) or enter into joint venture with another firm. I immediately took a look at the price action and noticed a respectable 6.4% spike in its price. There was also increasing volume on the bid side. I wasted no time buying it at P0.1330 with the last remaining cash I had. I then notified my Facebook friends about SFI but received no reply. At the day's end, SFI closed at P0.145 or 9.0% from the time I bought it. Turned out one guy bought SFI upon my recommendation and thanked me for it while others could only wished they bought the same. I also finally locked in profits on GREEN earning 9.2% on average gross margin. Unfortunately, had I waited just a few minutes more, I could have sold it at a higher price as it moved even higher from P0.015 to P0.016.
Overall, I had a good run last week beating the PSEi four days to one. My portfolio for this month as of July 12, 2012 rose by 6.31% while the PSEi was down by 0.57%. I am crossing my fingers and praying more earnestly that this is the start of a long climb to the top.
July 2 - 6, 2012
The first trading day of the month sent my portfolio reeling in the canvas by 1.54% while the PSEi had a great day up by 1.03%. It was sinister enough to see my portfolio down for the entire month prior and I was getting ready for the worse. Turned out that positive things quickly developed both here and abroad as European leaders agree to give more focus on growth than on belt tightening and the Philippines looks headed for investment grade soon as it solidifies its economic fundamentals.
The next three trading days, my portfolio rose and beat the PSEi in stunning fashion - Tuesday, it gained 2.48% while the PSEi gained only by 1.24%; Wednesday, it gained 2.44% while the PSEi lost by 0.20%; and Thursday, it rose by 3.37% while the PSEi rose by 0.29%. I let my winners run during these three days - BLOOM, OV, GREEN, and CAL while taking modest profits on ALI and MER and cutting losses on GEO. On Friday, I was forced to lock in profits on my winners except for GREEN as world markets went down with disappointing jobs data from the US. I did not lock in profits in GREEN because my decision came late and the stock price went a notch down. However, the overall trend for GREEN is bullish and I am not an ounce scared it will go down further. Friday, my portfolio went down by 2.33% while the PSEi also came down slightly by 0.14%. Overall, my portfolio this week went up by 4.43% while the PSEi rose by 2.22%. Not bad.
Yesterday, news came out that the President had finally signed the new E.O. on Mining Policy. This is going to be exciting on Monday. I still have one mining stock left in my portfolio so this is good news for me. I am already very excited.
JUNE
June 25 - 29, 2012
Still nothing came out of the much touted E.O. on Mining Policy and many industry stakeholders and stock traders are left in the dark of when it is finally going to be signed off despite assurances from government official that it is coming out soon. Like many others who bought mining stocks the week before, I am left holding the bag with ORE and GEO.
The play for the week was more on the gaming industry with BEL, LR, and BLOOM making waves. I had a rough first two days with my portfolio losing 1.44% and 1.81% on Monday and Tuesday before recovering by 2.13% on Wednesday. It was about the same story on the next two days with my portfolio going down on Thursday by 1.51% and recovering on Friday by 0.97%. At the end of the month, my accumulated losses is 19.43% worse by 0.17% the previous month. The PSEi gained 1.55% overall.
On the last trading day of the week, I acquired BEL, BLOOM, CPG, CAL, and CEB. I reacquired BEL and CPG when I noticed improvements in the chart in the last three days. Hope this time, the charts will continue going up. These might will be with the US and Europe posting their biggest June advance since 2009. My eyes popped out when I opened Bloomberg and I cannot anymore wait for Monday to arrive.
June 18 - 22, 2012
Stock markets around the world went up on June 18, 2012 after Greece election results showed that the party favoring austerity plans won albeit by a small margin. The PSEi went up and all counters ended in the green. I made a brave call on cutting losses in GEO and buying OV and my portfolio went up by 2.08% while the PSEi was up by 2.43%. Then the following day, news came out that the Executive Order (EO) on Mining Policy was already sent out to the President for signing. On Wednesday word came out in the press that the President would sign it this Friday. The mining stocks came alive and I bought DIZ and ORE and bought back GEO on Thursday. There was tremendous excitement again for mining and it was the only sector that ended up in the green zone on that day. Talks about most mining stocks to gap up the following day were rife. But that Thursday night, Moody's Investors Service downgraded 16 of the top banks in the US and there was tremendous backlash in the US and European markets as a result. This Friday morning everyone woke up jittery as the local stock market went down in the first 20 minutes of trading. I was tempted to close out some positions expecting for the worse but I held on as the government expected second quarter GDP to top the first quarter performance. Plus, I was hoping, like everybody else, that the President would sign the EO before the end of trading. We were waiting for Godot and nothing happened. I was forced to sell CPG at a loss and OV at reduced profit. At the end of the week, my cumulative portfolio is 19.21% from 21.58% a week before. I can call that an improvement.
This month may end up to be the most sluggish in terms of trading. We are now halfway thru the month and yet I have only done two buys - CAL and GMA7 - and sold only two stocks - ALI at 10.25% and TEL at 1.95% gross margin. There is not much excitement in the market except for CAL that looked like the only game in town. It went upwards by 325.85% in 7 days and looked unstoppable until market sharks took turns and driving its price down by 54.41% in the next two days that followed. I waited for the price to move up again and bought it at P14.64 thinking the stock is already on its third wave based on the Elliot Wave Theory. But minutes later, the stock price nosedived again losing 28.93% of its value wiping off all the gains I had with ALI and TEL plus more. At the end of the week, my portfolio is down 21.58%, the highest percentage loss to date.
It was not all bad the past two weeks. We celebrated my older daughter's 4th birthday on June 10 and my younger daughter's 8th month on June 11. We went out of town and had fun at Subic Bay. Kaira, the older one, had a blast as it was her first time to swim in a beach. Krissen was just cool probably not really comprehending what was going on. My wife and I had a great time bonding with the kids.
MAY
May 28 - 31, 2012
My portfolio really well on the fist two days of the week posting gains albeit at a diminishing rate -- 0.56% on Monday and 0.44% on Tuesday while the PSEi rose by 0.44% and 0.54% on those days. During the week, I bought BLOOM, TEL, ALI and DIZ and sold SECB, BLOOM, and DIZ for 2.88%, 2.88%, and 8.37% gross margins respectively.
On May 29, 2012, the Philippine Senate seating as an Impeachment Court convicted the Chief Justice with a vote of 20-3 going against him. On the same day, Moody's Investors Service upgraded the Philippine Credit Rating outlook to positive from stable. With these news, I was hoping that my portfolio performance would continue on a roll but then again sentiments abroad are getting worse due to the Eurozone Crisis foremost of which is the much feared exit of Greece from the Eurozone. On May 30, the PSEi wobbled by 0.10% while my portfolio moved back a little by 0.01%. On the last trading day of the month, the PSEi recovered strong by 1.45% while my portfolio dropped further by 2.31% due to three stocks that have been highly volatile throughout the month - GEO, GREEN, CPG. I am already thinking of cutting losses on GREEN next week if this does not improve.
In summary, my portfolio had the worst monthly finish yet losing 12.41% in value. It is so hard to shallow.
May 21 - 25, 2012
The week passed by uneventfully with the market going sideways and forming a symmetrical triangle which signify market uncertainty. Well, the world economy is now teetering towards global recession as Spain and Italy having troubles with their debt payments and Greece planning an inevitable exit from the Eurozone for basically the same problems. For how long this goes might just be a matter of a few weeks from now and while the Philippines has been touted to weather the storm, no one it seems is ready to commit themselves in buying or holding onto stocks when the market is more bent on even going down deeper in the mud.
And so where do I stand in all these? I am just as confused and thrown into indecision as many others have been the past few days. Where before I hold between 12 - 15 stocks in my portfolio, I am now down to just 7 stocks. This week is a week of cutting losses and soon I will become an expert at this. Ha ha ha. Though it hurts the pride, my experience in August of 2011 provides a historical perspective. However, I made a mistake at cutting losses on PXP a day earlier as after a day it went higher. Wow, how could I have not seen it? Looking back though that decision was made after reading a post in Facebook Traders Group advising all members to cut losses now or regret later. Oh well.
This week, my tonsilitis and influenza came back to torture me even more for four days now. I have bee suffering pains from head to foot that I could not bear looking at the computer screen to monitor my portfolio. And when I opened my computer now, my portfolio is up by 0.97% on Friday while the PSEi was also up by 0.44%. But on a month-to-date basis, my portfolio is down 11.08% while the PSEi is only down by 3.14%. This may have been my worst month yet. Thanks to medicine, my tonsilitis and influenza have subsided. Hopefully, market jitters and bad news creating them will subside as well.
May 14 - 18, 2012
The market was greeted with a slew of bad news - the European Central Bank stopped extending additional loans to weaker Greek banks; Spain slid to recession; Moody's Investors Service downgraded 16 of Spain's banks - triggering massive selling. It was a bloodbath of sorts. I was forced to cut losses on four stocks in my portfolio (VUL, SMDC, SMPH, and OPM). The market was merciless as massive selling worsened every day for three consecutive days. During this time, I repositioned my portfolio by buying ACE, SMC, BLOOM and GREEN. I was right on the money on GREEN selling it for 5% gross margin 2 days later but the others ended up in the red still. The market took a breather on May 17, 2012 with traders went on buying spree on discounted stocks and all counters turned up higher. But that was only for a day as the market was again pounded with heavy selling on the last trading day of the week. My accumulated losses now stands at 18.17% the highest ever recorded since I started monitoring my portfolio performance. For sure, we have not yet seen the end of these turbulence as the Greeks go to the polls within two weeks. More uncertainties to come. I might as well sell in May and go away this time around. Better late than never.
May 7 - 11, 2012
The week started with an 11.14% loss on portfolio value. My well-meaning older brother advised me to sell my positions as they say wise traders sell in May. I have actually read about this somewhere. When I attended a two-day seminar from May 8-9, 2012 on Advanced Technical Analysis at the PSE, the speaker explained that the phenomenon is rooted on the fact that most Western traders take vacation from May to June and hence they normally close out their positions before going out on much-deserved rest and recreation. I quickly reviewed the previous years' data but unfortunately the PSEi chart only extends as far back as June 2012. It showed though that the market went sideways from May to June 2011. I deduced the same thing will happen during this time of the year.
On May 8, 2011, I made a good day-trade on PHES buying it at P0.67 and selling it at P0.72 for a 7.46% gross margin less than two hours later. I turned around and bought GEO which ended higher at the close. On May 10, I bought GREEN at P0.014 and sold it at P0.015 a day after for a 7.14% gross margin. Good trades I had but something differently wrong took place during the week.
During this week, the French elected Hollande as their new President and the European and the US markets reacted negatively. This was followed by a very shocking admission by JP Morgan that they incurred a $2.0 Billion trading loss in just a month. Heavy selling follows in markets everywhere and four of nine of my open positions (CPG, GEO, OPM, TDY) recorded double digit losses. I decided to hold on. I believe this is simply an unwarranted panic that will soon die out as other investors come in to buy bargain stocks. At the end of the week, my portfolio loss amounted to 14.78%. However, I am as well prepared to cut losses when things worsen next week.
May 3, 2012
The PSEi rose by a big 1.37% today and brought the level to another historic high at 5,300.41 points. Possibly everyone is celebrating except me as my portfolio barely moved up by 0.08%. The stock (BLOOM), which I sold yesterday at a loss due to a disclosure that a block sale was done at 7.50 apiece, actually went up today. What?!
May 2, 2012
The first trading day of May did not bring a shower of good tidings for my portfolio as BLOOM did not bloom as its name suggests but further slipped into a sinkhole of despair that I could not do anything but sell at a loss. Oh my, this is becoming to be a nasty habit. My portfolio sunk by 2.85% today and it was such a bad, bad day for me while I watched the PSEi went up by 0.50%.
APRIL
April 30, 2012
The month drew to a close on a good note as the PSEi and my portfolio posted gains of 0.65% and 0.56%, respectively. Overall, my portfolio rose by 2.46% this month compared to a loss of 1.38% in March. There is a lot to learn in stock trading but nothing beats the experience of losing. I always look at the silver lining. Tomorrow is a holiday so the first trading day of May will be on Wednesday.
April 27, 2012
It is the PSEi's turn to melt big time as it buckled by 0.96% more than the drop in my portfolio by 0.68% as profit-taking dominated the market. I have to cut losses on PX, which I bought only a day ago, by 5.13% and sold BLOOM at 3.1%. I turned around and rebought BLOOM after seeing highest and closing prices exceeding yesterday's levels and on account of heavier volume.
April 26, 2012
Downright heartbreaking as my portfolio melted by 2.39% under the summer heat and virtually overturned the gain of two days ago. Meanwhile the PSEi further climbed by 0.27%.
April 25, 2012
My portfolio continued to sizzle for the second day going up by 1.20% with the rising temperature of the summer heat. The PSEi also rose by 0.68%. I am having stock market indigestion in having to choose from a menu of hot stocks. Yabayabadoo!
April 24, 2012
It is a good day of trading today as my portfolio zoomed by 2.32% leaving behind eating dust PSEi which did an encore of 0.13% up as the other day. Six of my stocks are now in green fields while four remain in the red. I am hoping tomorrow may bring showers of greens.
April 23, 2012
Summer is really hot in the Philippines and so is the stock market. But today, it is cloudy skies and scattered rainshower is falling as I write this. Coincidentally, most counters were covered by dark clouds at the close of trading but the PSEI still managed to come out green by 0.13%. My portfolio also got wet in the rain by 0.17%. I bought BEL and MEG and the two ended hiking in opposite direction.
April 20, 2012
My portfolio finally succumbed to downward pressure bowing 0.80% as the PSEi continued to slide by 0.33%. Time to look for winnders next week.
April 19, 2012
Despite decline in PSEi by 0.25% my portfolio managed to post 0.05% upward climb. I can sense resiliency. Hmmm.
April 18, 2012
Help continued to pour in on my portfolio lifting it up for the third straight day by 1.52% while the PSEi also went up by 0.56%. Four stocks made positive returns while the rest cut their losses. I did not liquidate any of my positions while waiting for BLOOM to hit rock bottom before buying it again. I have a feeling this is going to be big, really BIG.
April 17, 2012
Today went very well as my portfolio gathered strength by 1.33% despite selling off BLOOM at a loss of 20.9%. Somehow, three of my stocks stood up for the challenge lifting my overall portfolio upwards. The PSEi also climbed on the fourth straight day by 0.78%. At the end of the day, I had dinner with my wife at a really nice Japanese restaurant, Tsukiji, to celebrate our eight years of togetherness. Whattaday!
April 16, 2012
The downward slide is finally halted today with my portfolio coming out of the water by 0.03% just enough for its nose to breathe. On the other hand, the PSEi continued is magnificent climb gaining 0.40%. I bought back BLOOM at 19.98 thinking it already bottomed out but alas it continued to go down and closed at 19.50. Wow, somebody driving it down but for how low? I will be closely watching by.
April 13, 2012
My portfolio was battered for the fourth straight day ending 0.39% lower while the PSEi gained 1.00% today. What a bummer!
April 12, 2012
Signs of life came back in the market as the PSEi rose by 0.58% but my portfolio was again battered by 0.36%. Blame it on BLOOM which wilted by more 8% after rising a bit. I was forced to lighten selling off portions at a loss. What a bummer.
April 11, 2012
Nothing went right today as my portfolio got pummeled by 0.92% as well as the PSEi by 0.10%. Everything looked bleak.
April 10, 2012
My portfolio stumbled by 0.57% while the PSEi also weakened by 0.33%. No trades done today as I am seeing a lot of flatliners. Waiting for BLOOM to go down further before making a move.
April 4, 2012
Good times rolled on the third straight day with my portfolio gaining by 0.42% while the PSEi slid by 0.35%. There is a three-day holiday break and I cannot wait for the market to resume trading on Tuesday, April 10, 2012.
April 3, 2012
Finally help came via OV, PGOLD, and CPG which lifted total portfolio value by 1.09% while the PSEi dipped by 1.06%. This despite selling portions of SMDC at a loss. Miracles do happen averting what could have been a continuing catastrophe.
April 2, 2012
Modest gain on the first day by 0.24% while the PSEi dragged itself up by 0.06%. It was a sluggish day as expected.
MARCH
March 30, 2012
The much sought for miracle did'nt come as my portfolio further plunged by 0.73% while the PSEi continued its upward march by 0.44%. March ended in disaster and the agony of losing a total of 1.38% in portfolio value for the whole month was too much to bear.
Tomorrow is the first day of trading for April and, like spring, we look forward to the thawing of the past cold, cold month of trading.
March 29, 2012
Oh how it hurts watching your portfoli go down yet again by 0.03%. It hurts because the PSEi rose by 0.35%. The feeling is the same as being left by the bus.
Tomorrow is the last day of trading for the month and I need a miracle to happen. This might not be forthcoming though as US and Europe just nosedived again earlier. Ouch!
March 28, 2012
It was supposed to be a 100-meter dash when I realized that the race official holding the gun was pointing it at my portfolio as if fell 1.16% in today's trading. The PSEi also fell by 0.21%. I am waiting for a bearer of good news but it looks like the month may end in gloom.
March 27, 2012
The PSEi had a great run today by 0.96% while my portfolio made modest gains by 0.11%. Tomorrow may be different and I am betting on GREEN as well as GEO to make a 100-meter dash.
March 26, 2012
March 26, 2012
The market is weakening as value erosion continued today by 0.25%. Same with my portfolio which wobbled by 0.27 almost a mirror image of the market performance. Not good.
March 23, 2012
There was little movement in the stock prices today with the PSEi inching down by 0.02% and my portfolio crawling up by also the same percentage. The only stock in my portfolio that went green was a stock with the code GREEN. How funny!
March 22, 2012
No luck today. My portfolio lost 0.81% while the PSEi gained 0.11%. Oh man.
March 21, 2012
I was out the whole day today and I was anxious the whole time I was away not knowing what was happening in the market though expecting a downturn. When I came back, my expectation was confirmed as the PSEi nosedived by 1.26% dragging along my portfolio by 0.30%. Oh well, sadly we do not create nor have any influence on bad and good news.
March 20, 2012
Except for holding firms, everything melted today with the PSEi down on second day by 0.48%. My portfolio, on the other hand, suffered heavy setback by 1.75%. Time to breathe deep and reassess the situation. Looks like another correction is ongoing before the bulls run again.
March 19, 2012
March 23, 2012
There was little movement in the stock prices today with the PSEi inching down by 0.02% and my portfolio crawling up by also the same percentage. The only stock in my portfolio that went green was a stock with the code GREEN. How funny!
March 22, 2012
No luck today. My portfolio lost 0.81% while the PSEi gained 0.11%. Oh man.
March 21, 2012
I was out the whole day today and I was anxious the whole time I was away not knowing what was happening in the market though expecting a downturn. When I came back, my expectation was confirmed as the PSEi nosedived by 1.26% dragging along my portfolio by 0.30%. Oh well, sadly we do not create nor have any influence on bad and good news.
March 20, 2012
Except for holding firms, everything melted today with the PSEi down on second day by 0.48%. My portfolio, on the other hand, suffered heavy setback by 1.75%. Time to breathe deep and reassess the situation. Looks like another correction is ongoing before the bulls run again.
March 19, 2012
The PSEi was halted on its tracks by 0.37% today but my portfolio fought off and was up 0.13%. Not bad. Today, I increased my shareholdings in CPG believing it may already ripe for the picking. CPG, along with BLOOM (formerly AAI), ICTV, and CLOUD were the culprits why my portfolio value went down bad in February. I have been vindicated by BLOOM and I am crossing my fingers CPG will do likewise this week.
March 16, 2012
The crying game is over and today is simply unbelievable with my portfolio rising a historic high of 6.85% while the PSEi rose by 2.27%. It is a great day for everybody especially for me. Wow! I never thought this can ever happen. And this is courtesy to BLOOM (former code AAI) which rose by 39.1% over purchase price. This was one the four stocks that really pulled me down in January and which I had to cut losses. I rebought this four days ago and I feel vindicated selling it at a huge margin. Thank you God!
March 15, 2012
Just as I thought that my portfolio had already bottomed out, it was rocked again with a devastating blow of 2.95% drop in value compared to the PSEi drop of only 0.38%. I am devastated!
March 14, 2012
Oh my, watching my portfolio go up in the morning and down in the afternoon makes me dizzy. It is like giving me hope in the morning only to be quashed in the afternoon. But that is the nature of the market. My portfolio slipped again but this time very, very small at 0.05% while the PSEi beat me again rising 0.90%. This is cruelty and I am not having fun anymore. But hopes springs eternal and I look forward again for another volatile trading tomorrow and in the days to come.
March 13, 2012
My portfolio is now on its 6th day down. Today it lost another 0.22%. The losses are decelerating though and I cannot wait for it to bottom out. Everyday, my portfolio would go up in the morning only to be slayed in the afternoon. This is a familiar refrain. Tomorrow, I am going to make a break and sell those earning in the morning. Enough of seeing stocks go up and lose in the same day. Meanwhile, the PSEi earned 0.61% today.
March 12, 2012
My portfolio keeps on rolling . . . rolling down yet another 37%. The PSEi also bowed by 0.11%. Many experts and so-called experts agree that the market is on consolidation mode and then it will go up again. Unless . . .
March 9, 2012
Ill make it short. My portfolio was down by 0.61% while the PSEi went up by 0.49%. Sold WIN at a loss by 8.9% under. How ironic for a stock code to lose. Terrible day!
March 8, 2012
I have to drive my wife to her office this morning as her car is being serviced and will only be available tomorrow afternoon. When I came back home, the market was already enveloped in green color. I was already 25 minutes late from opening bell and some the stocks that I predicted to go up did land in the Top 20 gainers. I was scrambling to get in and found myself panic-buying eight stocks until 12 noon. Unfortunately for me, I bought at the time when the prices had peaked for the day and by the afternoon session the stock prices already retreated. Overall, I lost 1.02% in portfolio value while the PSEi moved higher by 0.71%. I am praying this is something like a step back to get two steps forward . . . tomorrow.
March 7, 2012
Still reeling from the sad and painful mistakes on CLOUD, ICTV, AAI, and CPG in February, I cut my losses early today on PSE and PNB thinking that the downward move will persist in the last two trading days of this week. Oh well, I guess I was wrong as Europe and US are moving up today after four days down. My portfolio lost another 0.09% but that is little compared to the 0.93% slide of the PSEi.
Everything turned red today with the PSEi knocked off its pedestal by 1.26%. My portfolio fought valiantly to no avail and I had no choice but to sell GEO at an average of 10% gross margin and FGEN at 0.91% loss. Overall, my portfolio went on a diet by 0.39% as PNB and PSE also took a hit. I now have more than 50% of my investment back in cash ready for the next big move. In the meantime, chill!
March 16, 2012
The crying game is over and today is simply unbelievable with my portfolio rising a historic high of 6.85% while the PSEi rose by 2.27%. It is a great day for everybody especially for me. Wow! I never thought this can ever happen. And this is courtesy to BLOOM (former code AAI) which rose by 39.1% over purchase price. This was one the four stocks that really pulled me down in January and which I had to cut losses. I rebought this four days ago and I feel vindicated selling it at a huge margin. Thank you God!
March 15, 2012
Just as I thought that my portfolio had already bottomed out, it was rocked again with a devastating blow of 2.95% drop in value compared to the PSEi drop of only 0.38%. I am devastated!
March 14, 2012
Oh my, watching my portfolio go up in the morning and down in the afternoon makes me dizzy. It is like giving me hope in the morning only to be quashed in the afternoon. But that is the nature of the market. My portfolio slipped again but this time very, very small at 0.05% while the PSEi beat me again rising 0.90%. This is cruelty and I am not having fun anymore. But hopes springs eternal and I look forward again for another volatile trading tomorrow and in the days to come.
March 13, 2012
My portfolio is now on its 6th day down. Today it lost another 0.22%. The losses are decelerating though and I cannot wait for it to bottom out. Everyday, my portfolio would go up in the morning only to be slayed in the afternoon. This is a familiar refrain. Tomorrow, I am going to make a break and sell those earning in the morning. Enough of seeing stocks go up and lose in the same day. Meanwhile, the PSEi earned 0.61% today.
March 12, 2012
My portfolio keeps on rolling . . . rolling down yet another 37%. The PSEi also bowed by 0.11%. Many experts and so-called experts agree that the market is on consolidation mode and then it will go up again. Unless . . .
March 9, 2012
Ill make it short. My portfolio was down by 0.61% while the PSEi went up by 0.49%. Sold WIN at a loss by 8.9% under. How ironic for a stock code to lose. Terrible day!
March 8, 2012
I have to drive my wife to her office this morning as her car is being serviced and will only be available tomorrow afternoon. When I came back home, the market was already enveloped in green color. I was already 25 minutes late from opening bell and some the stocks that I predicted to go up did land in the Top 20 gainers. I was scrambling to get in and found myself panic-buying eight stocks until 12 noon. Unfortunately for me, I bought at the time when the prices had peaked for the day and by the afternoon session the stock prices already retreated. Overall, I lost 1.02% in portfolio value while the PSEi moved higher by 0.71%. I am praying this is something like a step back to get two steps forward . . . tomorrow.
March 7, 2012
Still reeling from the sad and painful mistakes on CLOUD, ICTV, AAI, and CPG in February, I cut my losses early today on PSE and PNB thinking that the downward move will persist in the last two trading days of this week. Oh well, I guess I was wrong as Europe and US are moving up today after four days down. My portfolio lost another 0.09% but that is little compared to the 0.93% slide of the PSEi.
March 6, 2012
Everything turned red today with the PSEi knocked off its pedestal by 1.26%. My portfolio fought valiantly to no avail and I had no choice but to sell GEO at an average of 10% gross margin and FGEN at 0.91% loss. Overall, my portfolio went on a diet by 0.39% as PNB and PSE also took a hit. I now have more than 50% of my investment back in cash ready for the next big move. In the meantime, chill!
March 5, 2012
My portfolio basically piggybacked on the sole strength of GEO which rose by 12% in value at mid-trading before settling in by 6.32% at the close. The rest of my portfolio wavered but were all outweighed at the end. In total, my portfolio inched up by 0.44% while the PSEi clawed up only by 0.28%. Not a bad trade considering that today marked the fourth day that my portfolio has been on the rise since February 29, 2012. I am hoping there are no more surprises of a wrong trade.
March 2, 2012
My portfolio was now on its third day on the rise after being down for most of February. I felt good and relieved that the previous two-days were not a fluke when my portfolio rose again today by 0.31% while the PSEi had a good run by 1.57%. I sold BPI today at 2.35% gross margin after seeing it had difficulty climbing higher due to a lot of sellers in the market. Well, traders normally close their position before the week ends due to the continuing uncertainties in Europe and the looming showdown between Iran and the West not to mention the turmoil in Syria. The road ahead is going to be rough. So careful, careful.
March 1, 2012
First day of the third month of the new year. My portfolio was off to a good start rising 1.5% while the PSEi rose by 0.84%. I finally had the courage to wean myself of this bad habit of holding on to a losing stock selling AAI at 40.33% below purchase price. Then I turned around and bought PSE and PHES which both gained at the close. At the end of the day, I have 5 stocks earning versus 3 stocks losing. This is a lot better than in February where I had a high of 13 stocks losing versus 4 stocks earning. I changed my portfolio allocation too. Henceforth, I will only be placing to at most 8 stocks instead of diversifying to a lot more. This means more rigorous stock selection and placing my investment on the stocks that really matter instead of speculating. This should result to better monitoring and ROI.
FEBRUARY
February 29, 2012
The dark spell has finally been broken and with feet untied my portfolio ran up by 0.57% after 11 days of being pulled down in the dungeon of misery. At the end of the month, my portfolio lost a total of 5.65% in value - a complete disastrous result compared to last month. On the other hand, the PSEi today gained 1.60% to end the month 4.63% higher than last. There is a valuable lesson to be learned but not much on the technical aspect of trading but more on the psychology of cutting losses early. It is a painful lesson but a lesson well learned.
February 28, 2012
It continued to rain today as my porfolio slipped by 0.23% on wet grounds. The PSEi, however, remained on dry lands enjoying 0.44% of sunshine. I know it is more fun in the Philippines but what is happening to my portfolio is no longer fun.
February 27, 2012
"There is something wrong in the world today and I don't know what it is." This is probably one of the most disturbing lyrics ever written for a song and this is what I am feeling right now. The PSEi dropped by 1.92% today like a bird falling out of the sky. I guess it is because of wars and rumors of wars and discordant voices between the G20 and Germany and oil prices rising at least in this part of the world. My portfolio retreated as well by 0.29%. This has been the longest downhill I have ever experienced since August 2011. I guess I have to run into the woods and lick my wounds. Tomorrow, will be another day.
February 24, 2012
At the opening bell, I was forced to sell CPG and CLOUD at a loss of 16.93% and 7.14% respectively. The only stock I bought at a wrong time that remains in my portfolio is AAI. There were other stocks I sold and bought trying to go heavyweight on banking and property and less on the speculative stocks that did me in for several days already. But as today is Friday, profit-taking continued after the PSEi hit all time highs the past few days. My portfolio dropped by a huge 1.32% while the PSEi shed only 0.01%. Shame, shame, shame.
February 23, 2012
If I had to describe my portfolio position these past eight days, it could only be aptly described by the movie "Drag me to Hell". For the eight straight day, my portfolio sunk into the sinkhole by another 0.96%. My planned firesale for two or three stocks at double digit losses did not push thru as they actually did rise a bit only to fall on the last dying minutes of trading. My portfolio, in fact, gained by about 1% during the entire day until the last 30 minutes when profitselling took over. The PSEi also started strong going green before it went bust and ended red by 0.83% at the end of the day. Now, I know how it fells like to be stabbed on the back. It hurts!
February 22, 2012
Today marked the 7th straight trading day that my portfolio went down south. Another 0.67% was taken off my portfolio value and I could only sigh as I watched the PSEi post another gain of 0.68%. This is becoming to be self-inflicted and I need to act fast to arrest this insanity. Only LINsanity sounds better. Today, I sold ICTV at 26% loss and perhaps tomorrow I will have to sell again two or three more stocks at double digit loss. My total portfolio loss now stands at 5.2%. Enough of this shenanigan already!
February 21, 2012
The express train to perdition seemed unstoppable and I froze in horror as my portfolio continued plummeting down further. But a miracle did happen in the last 30 minutes of trading with some recoveries and the meltdown decelerated to only 0.27%. The PSEi also buckled its knees today by 0.87% on account of uncertainties of the Greek bailout as if this is still news. But it is and it does matter in this jittery world of stock trading.
February 20, 2012
My biggest blunder last week continued to haunt me today, although a bit abated, as my portfolio dipped some more by 0.28% even as the PSEi continued its happy upward move by another 1.29%. If not for my BDO and SMPH which rose by two digits, my entire porfolio would have plunged into the abyss. Shocks! Hope there will be no more painful outcomes tomorrow.
February 17, 2012
There is no more humbling and at the same time perplexing than seeing your portfolio go down for the fourth straight day by another 0.87% while the PSEi goes up by a whooping 2.39%. That AAI mistake provides a daily source of frustration. Sob!
February 16, 2012
Although I have not yet shaken off my regrettable mistake, seeing AAI close a little higher than yesterday provided me little comfort that perhaps this may yet go up in the next couple of days. I decided to hang on instead of selling all off at a loss. The market is off again to a bad start losing 0.12% while my portfolio lost only by 0.02%. I did not do anything much today except sell UBP at 5.05% gross margin. All the other stocks in my portfolio seems immobilized.
February 15, 2012
I watched in horror, shocked and mortified at the freefall of AAI by another 22.08% in value my today. In total, my portfolio lost by 2.04%. This must be my dumbest mistake twice over for buying AAI and then for not cutting losses on the very day it went down hard. I know, it is called trader's remorse and this caused me too much sadness. Meanwhile, the PSEi also went down but recovered some of the losses to end the day down by only 0.07%. My bad!
February 14, 2012
Moody's credit downgrade on Italy and Spain resulted into bad mood everywhere as the local stock market tumbled 0.54%. My portfolio earlier had a good run and I had fun selling GEO at 41.23% gross margin, CEB at 9.84% gross margin and DFNN at 4.68% gross margin. My portfolio would have broken the zero profit line but a miscalculation in buying AAI left my portfolio balance down by 0.35%. It was too late when I realized that AAI was going downhill instead of skywards. Tomorrow, I might decide to cut all losses in this stock. What a mess and what a bobo I made! In Pilipino saying, "Pera na sana, naging bato pa."
February 13, 2012
Not selling last Friday was a dumb decision. FPI sank deeper into mud. I was looking for a very good reason to sell this stock apart from just cutting losses. I figured if I had to sell it at -24.29% loss in value, I must be able to find a stock tomorrow that will erase all those losses. Alas! A disclosure lifting the trading halt on AAI provided me the answer. AAI is the vehicle for the backdoor listing of Bloomberry Resorts Corp. which is one of only four investors in the Bagong Nayong Pilipino Entertainment City at the Manila Bay. Last year, AAI was only trading between P4 - P6 but it has since climbed to a high of P102.8 before settling down to P49.50 per share. With this new disclosure, I decided to sell eight stocks to add to my ammunition for tomorrow's bidding war on AAI. It is going to be an exciting day.
Though today I sold six stocks at a loss and 2 stocks at a gain, my portfolio still managed to increase in value by 0.23% largely to the acrobatic flying of GEO which gained 19.1% in today's trading. The PSEi also rose by 0.39%.
February 10, 2012
The local market managed to turn around from yesterday's loss with the PSEi rising 0.29%. My portfolio did better posting 0.53% gain in value. I planned to cut losses on four stocks earlier (CLOUD, FPI, ICTV, IS) but decided against it after seeing them climbed up in value. I controlled my fear and hopefully I was right. Will know next week if that was brilliant or dumb.
February 9, 2012
My portfolio was shot on its way to the bank and it fell badly by 1.63% while the PSEi went down by 0.75%. Gotta drown my sorrows tonight in my sleep.
February 8, 2012
The local market erased all doubts that the uptrend is only good until the end of January by outgunning the bears thereby lifting the PSEi by 1.05%. My portfolio happily rode on the market upward march and gained 0.68%. It was an exciting day as my portfolio went up and down the zero profit line. When the dust settled, my ROI barely touched ground gaining only 0.06%. Hopefully, tomorrow will be the breakaway day for me and my portfolio. Today, I bought DFNN, PAX, GEO, and RFM. These are all gaining momentum and I expected them to help push the button right on the money. Crossing my fingers!
The local stock market got electrocuted with the bad news of impending Greek Default as the PSEi tumbled 1.25%. My portfolio put up a brave front actually rising in early trading but had to retreat by 1.07% due to relentless bear attacks in all fronts. I was forced to sell at a loss PX (-2.4%) and LPZ (-2.1%) effectively pulling my ROI under by 0.6%. I am beginning to really dislike the Greeks. Just kidding!
Today marks a new milestone in my stock trading as my portfolio crossed above the zero line for the first time since July 2012. My portfolio posted 0.61% gain effectively wiping off the remaining losses and lifting up my ROI to 0.46% of capital. It feels so good to finally make it after a long time of staying in the red and under. This day has finally come after patiently and painstakingly battling it out in the stock market. The PSEi also rose again today by 1.21%. It is beginning to be really more fun in the Philippines!
February 3, 2012
After the market reached a new all-time high yesterday, profit-takers took turns in bringing the house down by 1.32%. My portfolio crossed the green line in the early trading and I was jumping for joy. However, this was not meant to be the day as bearish sentiments dragged my portfolio to post a lower gain of only 0.36%. But considering that the market was down while I remained up, this day was not bad at all. The first three days of February is generally good for my portfolio as it climbed up by 1.73% versus the PSEi uptick of 1.65%. Effectively, my capital loss is now down to just 0.14%.
This week, I cleaned up my portfolio selling four stocks I bought in January 2012 - AT (2.6%), FOOD (0.36%), ANI (5.2%), and CPG (19.1%). This week I bought LPZ, BDO, and SMDC. I hope these three buys are going to make a mark next week. By the way, CEB which I bought in January 10 finally showed some signs of life. JP Morgan said in their report that this is one of the stocks that is going to make a big gain this quarter. I am praying they are not wrong.
February 2, 2012
I got dizzy watching the PSEi shuttering the roof by rising 2.26% unprecedented in so many months. I cannot thank enough the report by J.P. Morgan the previous day that precipitated the bull-run today. My portfolio also rose by 0.86% and while it pales in comparison to the PSEi, I am still thankful as it effectively reduced my capital losses to only 0.50%. If the bull-run continues tomorrow, my portfolio will start seeing green by next week. MARC is my stock in shining armor today as it rose 16.25% in value. Nice! Really, really nice!
February 1, 2012
Traders are loving the market today as the PSEi continued to rise by 0.71% as well as my portfolio by 0.52%. My capital loss is now down to 1.34% and I am eagerly wishing to finally wipe it off my plate. I sold ANI today at 5.2% gross margin and unloaded a portion of my CPG shareholdings at average gross margin of 17.68%. Studies conducted by JP Morgan and released in the broadsheets revealed that the Philippines is going to enjoy unprecedented growth starting this year. This is very welcome news indeed!
JANUARY
January 31, 2012
The last trading day of the month turned out well as my portfolio went up by 1.17% while the PSEi was up only by 0.82%. CPG, which I bought on January 3, was my saving grace rising 7.14% at the close. ANI, which I bought back on January 24, also rose in value by 4.47. Overall, my portfolio gain was 7.63% for the first month of the year better than the PSEi which rose only by 6.94%. My portfolio was also up 71.43% of the times for the entire month while the PSEi was up only 66.67% of the times. My capital loss is now down to 1.8%. Though I failed to completely wipe off all losses, my portfolio performance in January is something worth celebrating. Hooray to the first month of trading in the Year of the Water Dragon. I am now ready for the second month starting tomorrow. Yahoo!
January 30, 2012
It is a bad day for both the PSEi and my portfolio today each getting a hit by 0.76% and 1.11% respectively. Happy hour is over and the market is on correction mode. Hold on folks!
January 27, 2012
After three days down, the PSEi came roaring back by a huge 1.48% gain. My portfolio would have recovered all my losses but ICTV played party pooper sliding back after a brief surge. My total gain today was limited only to 0.27%. My loss is now 1.9% although I would have been overjoyed if I had achieved my goal of wiping it all off. I can only console myself with the fact that for this week I was only down once while the PSEi was down thrice. Naks!
January 26, 2012
My portfolio's Cinderella run ended today losing 0.66% dragged down by the downward spiral of the PSEi which dropped by 1.26%. What a heartbreaker as my portfolio actually rose in value within 30 minutes from opening bell only to succumb to the downward pressure everywhere else. My total loss went back to 2.2%. Oouch!
January 25, 2012
It is a good day of trading for me today. I sold PHES which I bought just four days ago at 25% gross margin. My portfolio went up much higher during mid-day but profit taking by some market participants lessened the upward move to 0.58%. Meanwhile, the PSEi continued its slide today by 0.93%. My capital loss is now down to 1.5%. I am praying hard that before the week ends all losses shall have been recovered plus some gains.
January 24, 2012
The band stopped playing today and the merry traders of the Philippine Stock Market took their seats down by 0.71%. But surprisingly, it did not rain on my own parade as my portfolio continued marching on by 1.03%. My loss is now down to 2.1% of invested capital and I am praying hard that this week will be the turning point.
January 20, 2012
The PSEi continued its amazing run rising 1.01% today and reached another historical high. Everybody must be smiling today including myself after my portfolio overtook the PSEi performance posting by 1.62% gain. I am gasping with breadth as I saw several stocks going up like shooting stars. The prophets of doom must be covering themselves in shame.
January 19, 2012
For the first time, I day-traded today on two stocks and I would like to congratulate and bitchslap myself at the same time. I made a right call on buying WPI at the opening and selling it at 5.3% gross margin an hour before the close. Unfortunately, I hesitated on LIB cancelling my buy position only to find out that it rose after two hours while I am away driving my kid two school. I paid a price for hesitating and bought LIB at a higher price and could not yet liquidate it at market closing. I need to have more conviction on my analysis.
Anyway, my portfolio finally stopped the bleeding rising 0.20% versus the PSEi that continued rising by another 0.49%. The local market recorded another high and everyone must be happy. It is indeed more fun in the Philippines!
January 18, 2012
It is both baffling and disappointing as my portfolio refused to follow the PSEi lead today with my portfolio down 0.81% while the latter was up 0.75%. In an attempt to bolster my cash position, I sold ANI, PNB, and MWIDE at 5.8%, 7.6%, 8.9% gross margin, respectively. Of the 12 stocks left in my portfolio, only three remain above the zero line while all others are down under. I feel an urgent need to do something tomorrow.
January 17, 2012
PSEi recovered strongly zipping by 1.39% leaving behind my portfolio which struggled upwards by 0.45%. NI which I bought last Friday made a good advance today. Not bad.
January 16, 2012
The Bears keep on charging for the second straight day and the Bulls, outnumbered as they are, retreated leaving the PSEi down by 0.76%. My portfolio fell victim as well falling more by 0.91%. The S&P downgrade of nine (9) European countries did! Down with S&P.
January 13, 2012
My expectations were dashed as traders took turns profit-taking pushing the PSEi down by 0.74%. This was of course precipitated of another bad news in Europe due to possible downgrade. My portfolio was also down but only by 0.12%. That gives me a little comfort. Anyways, I bought NI based on a hot tip from a friend. First time to do this. Crossing my fingers on Monday. I cannot wait.
January 12, 2012
Most traders threw caution to the wind when the US and Europe were splashed in red the day before thus effectively stopping the PSEi on its tracks moving up only a dismal 0.05%. My portfolio did better moving up by 0.14%. It was a nice feeling sustaining my gains to eight straight trading days. I controlled myself in joining those who sold their positions believing that the situation always reverses itself as it has always been. And it seems that I am right as Europe is again on green light upon checking on Bloomberg earlier. Yehey!
January 11, 2012
Traders went on buying frenzy the whole day as the domestic market shot up thru the roof by 1.86% thereby setting a new historical high at 4,645.86 points. I also bought AT as it broke out resistance at 17.78. My portfolio also went on full throttle with 10 gainers versus 6 losers posting overall gain for today at 1.41%. It is a very good day indeed. Fantastic trades everyone!
January 10, 2012
The PSEi advance slowed down by 0.43% today as it reached and surpassed the highest record in August 2011 at 4,550.53. I believe that everybody is reevaluating whether the domestic and international environments will have the right signals to push the PSEi to even new heights. My portfolio tracked the PSEi performance also slowing its advance by 0.13%.
Today, I sold NI at 10.6% gross margin and bought CEB at P67.10 per share. CEB has been going down since its debut in the stock market but my analysis tells me this is already right for the picking. I expect this stock to reverse to higher gear within this week. Up, up and away!
January 9, 2012
The sun continued to shine brightly on the local market with the PSEi growing by 1.30% while my portfolio grew 0.83% today. I cannot hide my excitement that this may be the moment everybody is waiting for - a new year bullrun lasting up to February this year. Checking on bloomberg, European stocks are up in early trading and if the US follows suit later, tomorrow will be sunny blue skies again. Olala!
January 6, 2012
Momentum keeps on building up as my portfolio added another 0.85% even as the PSEi backpedaled by 0.79%. I never had a runaway this good for quiet sometime and I am most pleased and thankful. What a good week! Thank you so much!
January 5, 2012
I came across a saying before that just when you thought of giving up that the tide will change in your favor. The tide did change and my portfolio has again outperformed the PSEi today by posting 1.21% gain versus 0.69% of the latter. The PSEi also defied the market downturn in the US and Europe. I believe that it is about time that the local market must focus on the sovereign and the corporate fundamentals instead of doing kneejerk reactions to whatever headlines abroad.
January 4, 2012
Looks like everything is on a roll today with all counters in the green. The PSEi's march is unstoppable moving up 1.48% while my portfolio notched up 0.40% making it two days in a row on the positive side. It is a good feeling seeing previous losses being recovered and is now in single digit. Love it!
January 3, 2012
The smile is back on my face seeing my portfolio up on its feet by a remarkable 1.76% which is three times the posted gain of the PSEi at 0.57% same as yesterday. I made some sacrifices selling DFNN, PX, and TDY at a loss and buying NI. ICTV, PRIM, and ALPHA made huge comebacks - the three heroes of my portfolio for the day. Hopefully, this continues to run for the whole week and the rest of the year. Yahoo!
January 2, 2012
First trading day, first blood. My portfolio was kicked in the butt by 0.80% while the PSEi continued its upswing by 0.57%. Time to move fast and arrest the decline. Enough of this holiday shenanigans!
YEAR 2011
December 29, 2011
At long last, the official holiday ended today as we left the last part earlier. What a long Christmas Holiday that was with parties starting the last Saturday of November 2010 and ending this afternoon for me. I feel so bloated.
With that said, my portfolio performance for the last day and the entire year was not worth celebrating as it lost 0.11% on the last day while the PSEi was up 0.81%. My portfolio has lost 9.0% in value at the end of the year. There is a lot of work to be done.
I cannot wait for the first trading day of 2012 to start tomorrow. Things will be different as I did not intend to lose. With the Almighty's blessings, there is nothing that cannot be achieved.
December 28, 2011
My portfolio was able to hold on a lifeline and was up by 0.19% while the PSEi sank again by 0.57%. With very thin trades done today, it looks like traders are in no mood to engage in the market and are now poised to celebrate the new year ahead. One more trading day tomorrow and goodbye 2011 and all the troubles you have done. Wohoo! 2012 is almost here and I share the optimism everyone.
December 27, 2011
My portfolio continued to drown in floodwater by 0.21% as rains poured all over Mindanao and the Visayas. The PSEi also fell into the deep by 0.58% even as the US and Europe has been above ground for two days straight. It is a gloomy day as cloudy skies hover above. Only two more tradings day to go before the end of the year but my hope springs eternal. I do believe in miracles!
December 26, 2011
My portfolio looked like a victim of Typhoon Sendong that recently ravaged the Southern cities of Cagayan de Oro and Iligan as it came under water by 1.74% versus the PSEi which floated above water by 0.34%. The culprit is PRIM which broke resistance at P1.5. The only good news is that TDY and SPH are now both in the green. Holy camote!
December 23, 2011
At long last, my portfolio was able to climb out by 0.40% from the hole it fell into for four straight days. Meanwhile, the PSEi continued its northern climb by 0.04%. I am now looking forward to the possibility of finding a wormhole where I can pass from losses into profits. Next week will be the last deciding battle to determine whether the war is won or lost. Reviewing my positions, I might still be able to rally for a last hurrah unless the US and Europe will come tumbling down again. If it does, I will be singing "Silent Night" instead of "Jingle Bells Rock!"
December 22, 2011
My portfolio is sinking deeper into the quagmire as it went down by 0.34% for the fourth straight day while the PSEi managed to eke out a gain of 0.04%. Of the stocks that I recently bought, only TDY got out of the glut with a respectable gain. My biggest loser is PRIM but I expect this stock to rebound as this has been trading sideways. I guess Justin Bieber is right all along - there is no Santa Claus in Christmas.
December 21, 2011
I was right in selling off AAI yesterday as it further shed off 3.23% off its price. Unfortunately, five others stocks joined in the stampede of bears and my portfolio declined even more today by 1.39% even when the PSEi became even more bullish advancing by 0.61%. With my last cash position, I opened fire on PX and it ended in the green zone up by 0.39%. There is a bright side though as five others stocks also gained some points up north and I am praying they may yet save my year before it all ends. My hopes burn eternal.
December 20, 2011
A tender offer of AAI at P3.33 per share by its new majority owners precipatated sell off by some shareholders since 3 days ago. I was trying to hold on but continuing decline is too much to bear that I have to let go at a loss. My portfolio further declined by 0.45% while the PSEi moved up by 0.56% for the third straight day. It is a tearjerker especially that fatalities of the Typhoon Sendong have already surpassed the 1,000 mark. My prayers to the victims.
Today, I bought CPG and SPH, two stocks that have hit its lowest this week. I hope I am not mistaken on these two. Perhaps these two might save the day if not the year. And I am hoping as well for the victims of the recent calamity that hit the southern Philippines that brightness shall shine upon us all - market and typhoon victims alike.
December 19, 2011
Today, the PSEi walked forwards by 0.31% and I am hoping this will rally before year's end. A final hurrah before we turn another year is a fitting ending of a year in turmoil. On the other hand, my portfolio continued to seesaw going down by 0.79%. I sold SMPH at 2.9% loss off its price as I need to rebuy BPI which declared dividends. Unfortunately, I was torn between BPI and PNB and I ended up not buying either. So much for indecision.
December 16, 2011
The local market bounced back from yesterday's losses ending the day up by 0.52% while my portfolio recovered 2.04%. With the year's end fast approaching, there is little window left to turn losses into gains. Yet, here I am still hopeful that Christmas will work wonders on the local market in general and my portfolio in particular. I am looking at six stocks in my portfolio to bring home the bacon. Come on now guys!
December 15, 2011
It is a big disappointing day as the local market weakened losing by 0.08%. AAI, which I expected to increase further today turned around unexpectedly wiping off all gains. All other stocks retreated and my portfolio lost by 3.20%. This is totally unacceptable! When can things return to where they were? Sob.
December 14, 2011,
My gamble to cut losses on some of the stocks and buying AAI yesterday paid off handsomely with AAI gaining 11.20% in value. With the help of DFNN and MBT, which also turned positive, total portfolio value increased by 2.38% effectively wiping off losses the previous days. I lightened my SMPH shareholdings selling off 40% of total shares at a loss sensing this may dip in the next few days. Hopefully, AAI will continue to surge tomorrow and then I will sell off at 20% - 30% gain. Thank you big time when that happens! And it must or bust! By the way, the PSEi went up also but only by 0.08%.
The local market defied negative market outcomes in both the US and Europe growing today by 0.15%. I made some changes in my portfolio unloading stocks that have been going sideways since October and adding stocks that I believe will make gains within this week or next (AAI, SMDC). Of the original 11 stocks since October, only four (CLOUD, ICTV, MARC, PRIM) remain in my portfolio. The rest have either been disposed at a profit or been cut on losses. At the end of the day, I am down by 0.09% - a little sacrifice for a big gain I expect from AAI tomorrow. This stock is a wild one since the company was taken over by Enrique Razon - the port magnate. Crossing my fingers!
The US and Europe up-market spilled over the local scene but only briefly as the PSEi succumbed to continuing negative sentiment and ended lower by 0.38%. I also decided again to cut losses selling JTH at 19.7% loss off its purchase price. Then I bought MBT and SMPH. The former went up a notch higher but the latter fell a little lower at the close. Some stocks in the portfolio inched upward ending the day advancing 0.01% overall. Still a long way to go!
December 9, 2011
In a market that has become all too sensitive to foreign headlines, the PSEi became prayerful again today as it fell on its knees by 0.47%. My portfolio joined in prayers falling by 0.37%. I hope this does not become a habit or else everything will be crucified! Holy week is still far away and we intend to celebrate Christmas first. Wake up market! Wake up!
Finally, after holding on to one losing stocks (BHI), for the longest time, I decided to cut losses when it further went down to 64% from 50% loss in value from the time I purchased it. Thankfully, my exposure to this stock is minimal so it did not make a big impact. But I need to learn to cut losses sooner than later.
December 8, 2011
The scenery was green in early trading and it appeared like the field of stocks was about to bloom. But the dry and unforgiving winds from Europe brought a lot of uncertainties that the stocks wilted and reddened. Hence, the PSEi was down on its knees by 0.05% and so was my portfolio that took heavier beating than the former. I logged off earlier than usual having seen enough of the carnage but decided to just hold on instead of cutting losses. To clear my mind, I decided to go malling with my older daughter and went home tired but satisfied at having performed my fatherly duties. Then tonight, I got a pleasant surprise, my portfolio recovered and posted a gain. Yes, a gain of 0.20%. What a miracle indeed!
December 7, 2011
BPI took heavy beating on early trade and I decided to exit at 4.8% gross margin only to see it close higher. I need to control fear more. DFNN also went up early but ended lower at the close which befuddled me. My portfolio lost another 0.08% and this is now the fifth straight day that my portfolio is on a downtrend. On the other hand, the PSEi gained another 0.76% today. What can I say?
December 6, 2011
The S&P warning for a downgrade review of 15 European economies, including Germany and France, could not have come at a wrong time this Christmas season when traditionally the stock market rallies before the end of the year. S&P acted as the scrooge who stole Christmas but being a romantic positivist in my outlook in general, the warning may yet serve a very good purpose of waking up EU's policy makers to finally come to grips with their policy differences. So today, the PSEi found itself in the red corner losing by 0.21% while my portfolio further retreated into the dark by 0.56%. I am no longer sure when that proverbial light at the end of the tunnel will come. If it does not, I better buy my own flashlight. Ha ha ha.
December 5, 2011
It is more of the same today as the PSEi moved up by 0.02% and my portfolio moved down by 0.36% yet again. The only bright side of today's trading was the continuing upward move of BPI which now gained an accumulated 5.77% in value since I bought it using swing trading methodology. ALPHA, which is the second stock used using the same methodology, slid by 0.45%. I will start worrying if it reaches 5% loss in value within two weeks from the time I bought it last week. My overall loss is now back to 5.4% and I am in a quandary to either cut all losses or continue the buy-and-hold strategy. Decision, decision, decision.
December 2, 2011
BPI continued its uphill climb adding 0.66% gain to the previous day. However, losses in other stocks pulled down the portfolio by 0.19% while the PSEi managed to climb up by 0.01%. It was a lethargic day and most traders took profits early as US and Europe turned to red after three days. This is getting to be more challenging than I thought. Anyway, I have a party to attend to later tonight so I better drink my disappointments there. My second Christmas party for the year and I have just started. Yehey!
December 1, 2011
The three-day uptrend in the US and Europe finally rubbed off on the local market which rose by 1.89%. On the other hand, my portfolio rose only by 0.49%. BPI, which is the first stock that I bought on swing trading rose by 2.36% which validated the methodology. Encouraged by this, I sold two stocks at a small loss (SLI, MWIDE) in order to buy ALPHA, again on swing trading methodology. If this also proves to rise within a week or two, then I guess I will have to buy all succeeding stocks using this new methodology. Santa Claus please do bring more good news this Christmas! I have been a good boy. :)
NOVEMBER 2011
November 29, 2011
Life does not always turn out the way you wanted. And so it did today when the PSEi fell on its knees by 0.40% while all other markets around the world were going higher. The bad news that the 3rd quarter growth has slowed down spooked market participants and sentiment went down just as easily. My portfolio also reversed gear but only by 0.14%. My vegetable!
There is no trading day tomorrow as it is a national non-working holiday. What a bad timing since Europe and the US are two days up now.
November 28, 2011
I had been keeping this stock (BPI) at close sight as its price went down for eight straight days already. My plan was to buy this stock using swing trading strategy for the first time. Today, all the signals confirmed each other and I had my gun cocked and loaded. At the opening bell, the price of BPI rose four ticks up and then reached a high of 53.7 at mid-trading clearly reversing the slide. I had to hold back my excitement and waited for the price to tame down. Before closing, I posted a buy trade at 52.6 and was called in. Fantastic trade as I bought BPI at only one tick higher than the closing price at P52.55.
Europe opened higher earlier and hopefully will be joined in by the US markets later. If these markets end up in the green zone today, tomorrow will be sunshine. In which case, I shall be seeing a reversal of the 0.76% loss in my portfolio value today. The PSEi also went down today by 0.79%.
November 25, 2011
My portfolio stumbled on the way to the top mainly due to PRIM which dropped by 9.09% contrary to my expectations. What a disappointing finish of what could have been a milestone. In contrast, the PSEi finally managed to come back to life posting 0.56% in gain. But as it happens in boxing, so it does in the stock market. We have an off day. We shall be back in form soon. Goodnight everyone!
November 24, 2011
It is simply amazing that while the PSEi has been going down for the past seven days, my portfolio is down only twice. Today is no different as it posted 0.51% up on the curve with CLOUD taking the day's turn as standard bearer. I have now reduced my capital losses to 2.6% from a record high 13.7% on October 3, 2011. I believe the momentum is building up for my portfolio this time. Keep the faith and let the fire burning!
November 23, 2011
My portfolio seesawed back to the north pole gaining 1.1% while the PSEi slid further south by 0.42%. This time, it is PRIM that led the portfolio march. There might be something going on for this stock to finally break free from the abyss. My portfolio has now almost recovered all its capital losses and hopefully within the week everything shall have been recovered. I am crossing my fingers that starting December 2011, my portfolio will start dancing in green territory after three months of being in the red. Nice!
November 22, 2011
The US Congressional Supercommittee tasked to arrive at a deficit reduction agreement achieved nothing but failure. It was a dissappointing outcome that sent all markets down. I was myself frustrated at the political tug-of-war that has since thrown markets into more uncertain grounds. My portfolio, which I expected to reach a new milestone today, stepped backwards by 1.2%. ICTV's advance was effectively stopped on its track and retreated bringing the whole portfolio down. The PSEi also fell by 0.23% and is now on its 5th consecutive day southbound. It is time to wait for the market to swing back!
November 21, 2011
Thanks largely to a long jump made by ICTV, my portfolio has sustained its winning streak and posted today one of its biggest gains at 2.2%. ICTV actually reached about 40% gain but traders who bought at rock bottom pounced in at mid-trading and cut gains of ICTV to 29.41% at the close. This is a miraculous comeback from behind as ICTV already lost almost 50% of its value more than a month back. Though already tempted to sell it at a loss, I sucked it up and simply followed the "buy-and-hold" strategy. Meanwhile, the PSEi lost another 0.07% of its value today and is now on its third day downhill. Tomorrow will be exciting and I expect ICTV to make another run for the Top 5. Ahu! Ahu! Ahu!
November 18, 2011
The week ended on a higher note as my portfolio paddled further north by 0.92% while the PSEi sank further south by 0.74%. MARC broke from its manacles and ran upwards by 9.22% almost singlehandedly carrying my portfolio on its back. What an exciting week that was!
November 17, 2011
My portfolio and the PSEi went on separate expeditions with the former going north pole gaining 0.53% and the latter going south pole losing 0.16%. I am a bit relieved that the downward reversal yesterday was compensated for today. COL, which I bought two days ago, went up by 1.72% and is today's flag bearer. Go! Go! Cool COL.
November 16, 2011
It is a heartbreaking day as my portfolio suffered 1.1% cutback, the first time it happened in two weeks. The PSEi also shed some pounds but only lightly by 0.51%. I thought my portfolio was already building momentum but CLOUD took a dive unexpectedly. Reviewing the charts, I am confident that some of the stocks will solidly go up within next week. There will always be setbacks and none, even the most seasoned trader, is able to fully anticipate market volatilities on any particular day. Or is it just me? Good heavens!
November 15, 2011
I went all in today for COL after it surged past resistance yesterday but with markets falling everywhere it was like Pacquiao's foot being stepped on by Marquez that it could not move any further than the opening price. I also sold PAX at 8.7% over its purchased price but this comprised a very small percentage share in the portfolio thus its effect is hardly felt. Overall, my portfolio inched upwards by 0.28% beating PSEi's showing at 0.16%. It is a lackluster day.
November 14, 2011
I was rather disappointed about the Pacquiao-Marquez III results yesterday as it left open the controversy it was supposed to finally put to rest decisively. Today, the bout between my portfolio and the PSEi ended without any controversy as the market trounced my portfolio again without a fight. The PSE was up 1.02% while my portfolio slipped by 0.08%. It would have ended differently had I placed a buy position on ATN. Unfortunately, I got distracted with many things today and I failed to place my position. Ah! Another lesson learned.
November 11, 2011
Many people are asking whether 11/11/11 is a lucky date. I guess it is for me. My second daughter marks her first month today from birth and we are celebrating. I mentioned in my main blog that she is my lucky charm and indeed she weaves her magic wand again. After four losing days, (with the last one saved only by a stock dividend payout), my portfolio turned around with three stocks (JTH, WPI, PAX) landing on the top 20 gainers and none landing on the top 20 losers effectively breaking the losing streak and turned it around by 0.59% . Nonetheless, it is only second fiddle to the rise in the PSEi by 0.65%. Well, a profit is a profit still no matter if it is only second place. Yehaa!
November 10, 2011
Today is not the day for both the Greek and Italian Prime Ministers as both resigned or will be resigning from their posts under ignominious circumstances. So it is also not the day for the PSEi and my portfolio which both fell under pressure of what is happening abroad with the former losing by 1.41% and my portfolio losing by 0.56%. My portfolio is now four days downhill. I was forced to sell TA at 4.8% tops its purchased price after technical indicators reversed a bullish trend. Also sold VUL and cutting losses by 4%. Unfortunately, it was a mistake as VUL further strengthened and broke out resistance minutes later. My bad! Then, quite by surprise, a 30% stock dividend on MWIDE was paid after trading day that bolstered my portfolio balance so that it ended upwards by 0.96%. Hooray!
November 9, 2011
In what could be a prelude to the Pacquiao-Marquez III fight this Sunday morning (Philippine time), my portfolio and the PSEi went on a back-and-forth, toe-to-toe fight from opening bell up to the end. My portfolio started strong in the early going moving up by almost 1% at mid trading while the PSEi actually fell on the canvas losing by 0.55%. But after mid-trading, my portfolio started losing steam while the PSEi recovered and established its footing from thereon. At closing bell, my portfolio was outclassed and outpointed losing by 0.11% while the PSEi earned by 0.73%. Oh my, how the tables have turned.
Another three-day weekend is over finally and we are back in business. Well, not really as my portfolio was stupefied by unknown reasons lying almost motionless for some time and then crawling backwards by 0.02% at the end of the day. Where are the other investors of the stocks in my portfolio? They might still be extending their vacation! On the other hand, the PSEi continued its upward climb improving its position by 1.01%. So there is the answer. All the other traders and investors were betting on all stocks other than those in my hands. What is the matter?!
November 4, 2011
Fortunes reversed today with the PSEi making a good comeback by 1.46% while my portfolio valiantly moved a bit higher before going on a tailspin by 0.64%. I am glad to hear though that the Greeks called off the planned referendum after being threatened being kicked out of the zone. That should do it!
November 3, 2011
Guns reloaded, my portfolio made a stunning counterattack and recovered 99.9% of lost territory yesterday when the dust settles. Whereas, the PSEi retreated further into the backwoods losing 1.18%. Four of my stocks landed in the Top 20 gainers and none lost as much as to land in the Top 20 losers. Yahoo!
November 2, 2011
Spooky first day of trading after the four-day holiday as the PSEi tumbled 1.69%. My portfolio had it worse falling 2.2%. Uncertainties on the outcome of the Greek referendum on the debt deal scared off market participants. Why, may I ask, do the Greeks have any choice? Aargh!
OCTOBER 2011
Friday, October 28, 2011
My niece, Megan Israel, invited my daughter, Easter Kaira, for a trick or treat at their office in Macquarrie and it was hugely participated by kids and adults alike. We went home tired but with possibly the biggest haul of candilicious goodies enough to last a month.
This day was also like a trick or treat in the Philippine Stock Market. Expectations were high that the local market would jump for joy following biggest gains posted across US and Europe following a breakthru agreement for the rescue fund and 50% writedown by banks of Greek bonds. The market did follow but only mildly climbing up 1.55% while my portfolio was rose by a timid 0.79%. Everything was on green fields though. The long four-day weekend put a damper and traders booked in profits to avoid any negative volatility during the holidays. Trick or treat?
Thursday, October 27, 2011
It is hot today and my portfolio wilted under the searing heat bowing by 0.13%. In contrast, the PSEi sizzled by 1.01%. It is not totally a bad day, as VUL, which lost by more than 40% two weeks ago, recovered big time and cut its loss to only 0.92%. I also added DGTL to my portfolio on account of the approval by the Supreme Court of the merger deal with PLDT. I now have three stocks which have the potential of making the big returns within 5 - 10 days (VUL, DGTL, CLOUD). Hopefully, when November comes I will be drinking more beer. It rhymes!
Wednesday, October 26, 2011
The PSEi further retreated into the south pole when investors and traders dumped stocks to book profits early. I followed suit selling all my ZHI shares at 6.0% gross margin after only two days of holding it. I should be doing this kind of trade more often and I believe I may have found the right methodology this time around. The PSEi was down 0.42% while my portfolio kicked upward further by 1.23%. Olala!
Tuesday, October 25, 2011
After falling Monday, I am back in the saddle today drubbing the PSEi and leaving it eating dust. My portfolio rose 2.15% while the PSEi went up 0.99%. Seven of my eleven stocks have increased in value today enough to make me yodel feeling great while my wife is singing putting the baby back to sleep. Goodnight folks!
Monday, October 24, 2011
I had high expectations that both the PSEi and my portfolio would be frolicking in green fields today given that the US and European markets ended last week on a higher note. Indeed the PSEi climbed by 0.83%. However, my portfolio did not follow suit but instead made a U-turn by a disappointing 4.23%. I felt like a man betrayed.
Also today I increased my investment capital by 16.7% which I put all in into ZHI that showed a lot of promise technically for a breakout. Instead, it turned turtle losing 3.18% in value at closing after a short uptick. That explains why I felt stabbed in the back. Man, that certainly hurts.
Tuesday, October 18, 2011
My portfolio suffered a beating today due to the announcement that PNB-ABC merger will not happen this year and coupled with the fact that US and Europe ended last week in the retreat. Two of my stocks landed on the Top 10 Losers - BHI and ICTV. I was forced to sell two stocks which saw reduction in gains (PNB, ANI) and cut my losses on NI. I also bought JTH that has declared cash dividens ex-date November 8, 2011. Overall, my portfolio suffered one of its biggest fall 4.31% compared to a drop in PSEi of only 1.36%. What a shame.
Monday, October 17, 2011
After three straight days, the market has finally caught up kicking ahead by 1.47% while my portfolio value slid behind by 0.22%. My bullheaded belief that the CLOUD decline into the red zone was only temporary proved to be a big mistake such that even when my newly purchased PNB stock posted another one percentage gain, this was not enough to tide over the onslaught in CLOUD. I am a trendrunner; I coud not believe standing against the tide of a CLOUD decline. I should have sold the last remaining shares when it was up. Holy molly!
Friday, October 14, 2011
This being a Friday, CLOUD succumbed to profit-taking and lost 23.86% in value and topped the losers list. Fortunately, I was able to take profits myself booking 59% gain off the purchase price leaving a small percentage of CLOUD shares for next week. A wise move on PNB also ended in the green zone up by 5.72%. I was doing all these trades while keeping watch of my wife and our newborn baby in the hospital. This afternoon, we are going home. I am going home a daddy twice over and winner-trader for the week. Yahoo!
Thursday, October 13, 2011
CLOUD continued its unabated advance with its price jumping several ticks at the opening bell and accelerated to a pace never before seen rising 37.87% at the close. Before leaving for home to bring my first daughter to visit her newborn sister, I sold another portion of my CLOUD shareholding at 68% off its purchased price. ICTV which has been on a downtrend for quite a while made a strong comeback posting 12.5%. Together with the rest, my portfolio registered a historic high of 3.10% gain versus PSEi of 0.36%. I have now beaten the stock market twice in a row after four days of being beaten down. Today, I also bought PNB which rose by a shy 0.36% same as the PSEi. Hooray to my lucky charm, Krissen Nicea!
Wednesday, October 12, 2011
In a stunning comeback, my portfolio made a blazing counterattack advancing 2.45% of lost ground while the PSEi mostly retreated before rallying to post 0.45% gain at the end of trading day. CLOUD made a strong statement ranking second highest gainer among all stocks in the market. Sold 42% of my CLOUD shareholdings for a 17% gross margin. Tomorrow, I am expecting this to continue flying for me.
Having a new baby girl is indeed a blessing. She is quite a charmer for me. I noticed that every time her mommy and her are confined in a hospital, some of my sleeping stocks just suddenly go up like what happened today. I guess, she is going to be my lucky charm.
Tuesday, October 11, 2011
Our second baby girl - Krissen Nicea - was born today at 11:20 AM at the Cardinal Santos Medical Center. We finally locked eyes for the first time in nine months and how beautiful she was in all her innocence. Boy, this day makes me so happy. I am also excited to see the reaction of my first daughter - Easter Kaira - when she gets to see her baby sister tomorrow.
The Philippine Stock market is also happy today with the PSEi gaining 1.70%. One of my shareholdings (PRIM) skyrocketed by 20% and would have been enough for my portfolio to beat the market benchmark. But this gain was easily erased by BHI that spiralled downwards by 35.81%. What one gained, the other stock wasted in one day of trading. Overall, my portfolio tumbled further by 0.02%. Ayayay!
Monday, October 10, 2011
In hospital now not because my portfolio went down 0.64% while the PSEi went up by 0.78% but because I am going to be a second-time daddy tomorrow. My wife will undergo a CS procedure at 9:00 AM and voila I will see my second daughter for the first time right in the operating room. Woohaa!
By the way, US and Eurozone stocks are rallying now so tomorrow will be doubly happy for me. My portfolio must go up tomorrow or bust!
Friday, October 7, 2011
Quite unusual for me that after going back home this morning, I did not rush to open my laptop and monitor my trades. Instead, I found myself sitting in my car listening to more news of the dear departed Steve Jobs. To mark this day and to pay homage to the man, I am updating this diary with these words:
"ibought. isold. igained."
Half of my NI shareholdings sold at 22.9% off its price. My only trade for the day. Goodnight Steve.
Thursday, October 6, 2011
I was driving when BBC Radio broadcast that Steve Jobs, the iconic founder of Apple, died today. There is a tinge of sadness in everyone for losing someone who had in a manner changed their lives and the way they live. His speech in Stanford's graduation ceremony inspired me more to follow my dreams regardless of the opinions of others. To be hungry and to be foolish.
Back on my trade, my portfolio continued its northbound direction three days in a row posting a respectable 1.25% versus PSEi performance of 1.76%. NI continued to carry the day for me already reaching 19.35% gain. Tomorrow, I plan to liquidate either all or a portion of this position and then turn around for another winning trade. Go Steve!
Wednesday, October 5, 2011
The day started right. I woke up feeling light and somehow I already know how the day would end today. I drove my wife to her office and when I came back home, the market was moving as was expected, i.e. downhill by 0.18%. My portfolio fared better rising by 0.54%, a modest gain but a gain nonetheless. On a much brighter note, 4 of the stocks in my portfolio (BHI, ICTV, VUL) landed on the top 20 gainers while none earned a place in the ignominious list of top 20 losers. Not bad at all!
Tuesday, October 4, 2011
My laptop failed to start for some reasons and for reasons unknown the PSE Electronic Board along Ayala was not functioning when I passed by this morning. I was like going around blind not knowing what was happening in the market today. I went inside an internet cafe after dropping off my daughter to school and the connection was torturously slow and "failed connection" popped up onscreen more often. I was getting desperate. I went home resigned that my laptop was ready for its resting place. I was about to bring it to a technician when I thought of giving it one last chance and this time it did boot up. Alleluia! God must have heard my supplications. I was doubly happy when I checked that NI, which I have been monitoring for some weeks now, finally broke resistance. My gain on this stock reached double digits as of market closing today enough to bring up my portfolio by 0.55% - a respectable showing considering that the PSEi slumped by 0.93%. Nice!
Monday, October 3, 2011
It is the first trading day of the month and the first time trading hours is extended from 12:10 PM to 1:30 PM. The market fell off the wall today by 3.35% wiping out all gains last Friday. This simply followed the drop in US and Eurozone markets at the end of last week and in anticipation of further declines starting tomorrow. The US economic recession is already imminent and Greece may not agree to the bailout terms imposed. These are expected to rattle the markets tomorrow.
I sold PXP for a little gain, cut my losses on BSC and PWR and bought back NI. NI was a wise move as it posted the 3rd biggest gain for the day. I have been expecting this stock to finally break out for some days now and should be doing so in a few weeks. Overall, my portfolio declined only by 0.24% beating the market after three consecutive days of being on the defensive. This is a very good counterpunch. Wapak!
Friday, September 30, 2011
The market soared today by 3.15% reacting positively to the news that the German Parliament voted overwhelmingly in favor of an enhanced rescue fund to distressed European economies. My portfolio paled in comparison increasing only by 1.09%. The PSEi has beaten my portfolio three days in a row now. Some stocks in my portfolio are already losing by double digits. However, my firm belief on their fundamentals as well as on the Philippine economy made me hold onto them. I am wishing the Christmas spirit will soon descend but it seems that more storms are coming in in the days ahead.
Thursday, September 29, 2011
It seemed like the market was non-commital today as to its direction eking out only a shy 0.04%. Understandably, the market is waiting for direction abroad especially the German Parliament's vote of a rescue fund for Eurozone's distressed economies. I am distressed myself battling an unexplainable headache more so that my portfolio looks like a man in a coma with no visible sign of movement posting nada, nil, zero change today. Something gotta change tomorrow. Please!
Wednesday, September 28, 2011
Everybody expected that the stock market was going to rebound today following the two-day pullback in the US and Europe and it did not disappoint. Unfortunately for me, I was 30 minutes late having had to drive my wife to her office first early in the morning. The traffic was a mess as well. So when I came back I found all counters dressed in green and prices jumped several notches higher already. I bought back NI and two mining stocks (BSC, PXP) at prices above my target. The PSEi ended higher by 4.16% while my portfolio was only higher by a meager 0.79%. Well, what do I expect?
Tuesday, September 27, 2011
Typhoon Pedring (international code name: NESAT) is howling outside as I am typing this. Trading is suspended today with practically all government offices, schools at all levels, and some private institutions declaring no work due to inclement weather. This might turn out to be good giving the stock market one day respite from panic selling and for traders to calm their nerves. Time to cuddle my wife and my baby. Ummmm.
Monday, September 26, 2011
Dark clouds descended from the skies and gloom gripped the PSEi as it continued its free fall today by 4.24%. There is no end in sight and help is not forthcoming very soon. Alarm bells are tolling in crescendo sending panic to every investors, brokers, and traders alike. I am standing my ground even when my portfolio has lost another 2.92% today knowing that all these noise shall come to pass. But tonight and in the coming nights, I shall withdraw into the deep protecting whatever I was able to salvage before the carnage began.
Friday, September 23, 2011
Ben Bernanke's comments on the US economy spooked the world markets dropping global stocks 20% into bear territory. The PSEi was drowning and ended 5.13% lower. My portfolio also went down by 2.97% today. I was almost tempted to cut losses but news that G20 leaders and policymakers are going to take concerted efforts to tackle the problem head on prevented me from hitting the button. Every single stock in my portfolio took a beating, not one got out unscathed. We need to dig deep. The nights are going to be long. We are already in the nocturnal equinox.
Thursday, September 22, 2011
I was totally out of the market today. When I came back and checked, Boom! the market was down like being sucker punched by Mayweather. The PSEi lost big time by 2.57% and so was my portfolio. Boom! There goes Merchant! My only consolation was that my portfolio suffered less down by 1.43% in comparison. I had two winners (ANI, PRIM) and eight losers (BHI, CLOUD, ICTV, MARC, MWIDE, PWR, VUL, WPI). I need Alaxan FR!
Tuesday, September 20, 2011
Mimicking whatever is happening abroad, the PSEi tumbled today when US and Europe reversed gear last night in succession. There was a parade of red stocks flashed on PSE's Electronic Board along Ayala Avenue as I passed by after driving my wife to her office. Incidentally, Ms. Shamcey Supsup had her own parade along the same avenue the day before but it influenced only the traders to stand up but not the market today.
My porfolio was down 0.76% but the PSEi was even worse down by 2.05% - its biggest drop to date since I started monitoring my performance versus the PSEi. At the end of the day, only two stocks (ANI, WPI) stood valiantly against the rampage while all other stocks which posted gains yesterday were clubbered to submission (BHI, CLOUD, ICTV, MARC, MWIDE, PRIM, PWR, VUL) while one stock remained unchanged. I unloaded all my NI stocks today thinking it would not survive the onslaught. To my surprise, NI went even further north and broke resistance at 4.0. What a day!
Monday, September 19, 2011
The PSEi crawled up slightly by 0.42%, a little disappointing considering the four-day advance by the US markets last week. I was hoping it would cross the 1% line but the lack of leading domestic triggers kept the upward tick at bay. My portfolio mirrored the market performance with an upward move of only 0.45%. Unexpectedly, PWR was today's torchbearer of top gainers in my portfolio rising 8.72% in value and followed by ICTV at 3.57% gain. Previous favourite NI fell down 0.51%. I lightened my position in NI unloading one third of its volume for a 12% gain.
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