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DisclaimerThis blog is for general information only. No claims are made as to the accuracy and completeness of information shown herein. Nothing in the material constitutes a recommendation for the purchase or sale of any security. All investments are subject to market risks which may result in the partial or entire loss of one's principal amount invested. Trade at your own risk.
Monthly Archives: November 2010
99.88 points down, PSEi is 3,953.70 points at the close. This is a bear market, people. Finished selling today, will be adding to my BSP SDA cash position this week. Avoid trading the Philippine Stock Market. Right now, Cash is King.
Uptrend – AEV, AP Downtrend – ABS, AC, ALI, BDO, EDC, FGEN, FPH, GLO, JFC, JGS, LCB, MER, MPI, PX, SM, SMPH, TEL, URC Sideways – AGI, BPI, CHIB, DMC, FLI, ICT, MBT, MEG, MWC, RLC The list above is … Continue reading
This is a Downtrend. On November 17, the PSEi closed at it’s previous low of 4,069.31. Today, November 26, it closed at 4,053.58. Lower lows. Lower prices over time. The market keeps confirming it is in a Downtrend by these … Continue reading
The market continues its downward trek. Two points I am paying attention to are the recent high (4,397.30) and low (4,069.31) of the composite index. The PSEi, currently at 4,076.68, is just a shade above the latter. At the moment, … Continue reading
Congratulations to the punters of Nickel Asia Corporation! From an IPO price of 15 Pesos, it reached an intraday high of 19.4 (+34.4%) before settling at 16.5 Pesos (+10%) at the close. Volume was significant at 1.274-billion Pesos. As for … Continue reading
Before the Turtle Trading System became widely known, I spent quite a few years trying to track it down. When one of the original Turtle traders confirmed I finally had the complete rules, I couldn’t believe my eyes. The system … Continue reading