Monthly Archives: August 2011

News

There are many traders who trade on news. Some people believe in using breaking news as an arbitrage opportunity. They buy on hearing rumors and sell when the rumors prove to be true. This seeks to exploit the difference in … Continue reading

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27 August 2011 – PSEi Analysis

Uptrend – LCB, PX Downtrend – ABS, AC, AEV, AGI, AP, CHIB, DMC, EDC, FGEN, FLI, FPH, ICT, JFC, JGS, MEG, MER, MPI, MWC, RLC, URC Sideways – ALI, BDO, BPI, GLO, MBT, SM, SMPH The list above is based on … Continue reading

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26 August 2011

30-33. Heads. Another broad-based sell-off saw the composite index tumble 37.13 points to close at 4,305.56. This one came on low volumes as only 11 shares broke the 100-million Peso barrier. Take note, this is another test of the 4,290 … Continue reading

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25 August 2011

30-32. Tails. Hmm.. maybe this coin is broken. The PSEi dropped only 23.76 points to 4,342.69. You’d think it was a quiet day, but most active traders are probably looking at 5% to 10% portfolio drops today as much of … Continue reading

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Revisiting – LR / BEL / LOTO

Back in January, amidst an awesome run by “junk stocks”, LR, BEL and LOTO were the talk of the town. BEL and LR signed a partnership Agreement last Jan.14, and it seemed as if the way was paved for the … Continue reading

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24 August 2011

30-31. While European markets went up and the Dow Jones was up 3%, a small decline was the best the PSEi could do today. Chalk it up to the power of TEL (-3.29%) which went ex-dividend yesterday. Jittery traders also … Continue reading

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23 August 2011

30-30. Very interesting. The PSEi keeps going back to the middle of the trading channel. Daily Closes by the PSEi: August 1 – 4,550.53 (recent high) August 2 – 4,531.23 August 4 – 4,501.53 August 5 – 4,437.55 August 8 … Continue reading

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