Archive for March, 2011

22-MAR: A Bullish (BEL) Is Ringing

March 22, 2011

Chart via laidtrades.com

Haven’t blogging much because, a) Busy-busyhan, b) tamad, c) daming work, d) bagsak stocks/protfolio ko.

Today was different, 50% of my portfolio is in BEL which I purchased last 18-JAN of this year at an ave of P6.06. After it peaked at P6.490 during January, it was downhill from there. Since that time, I was buying it at it’s low to average down, I didn’t want to cut loss. My running average up to today is P5.50. Today, things seem to be bright for BEL again when it broke out of it’s bearish pattern and is headed to it’s bullish state. With volume to support today’s move and the MACD just turning positive, it is “likely” (sana po) that BEL will continue to move higher in the coming days. Note that the RSI is also above 50 but below 70, meaning that it has gained some upward momentum but is not yet overbought.

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15-MAR: Pray for Japan

March 15, 2011

Just as the Philippine index is headin up. Japan comes up with an earthquake with mythic proportion. What does an earthquake have to do with the stock market? Well, the stock market always reacts to major global phenomenons. Japanese shares plunged Tuesday (today) on panic-selling over worries that radiation from a damaged nuclear reactor would further complicate and endanger the nation’s recovery from its worst-ever earthquake on record Friday. The Japanese nikkei dropped at a whopping 1000++ points, or 10.55%. It’s worst drop since 2008.

This morning, world market shared the same fate (but not that big of a dip).  PSEi broke it’s resistance at 3900 and ended -22.39.  Bought CYBR yesterday thinking that it was a bargain @ 1.06, ended today @ 1.04.

Naipit tuloy ako, shite!!

04-MAR: pic of the day

March 4, 2011

You lookin at me?