18 November 2011

PSEi 4,302.43. -32.23 points. -0.74%.

As the leaderboard shows, it’s all about the Lolo Coaster (“A”+3.62%, “B”+5.30%) and Puregold (+1.72%) right now. These moves came amidst the market’s general weakness for the day – a sign of good relative strength. I retain active bets in both plays. Apparently, LC is an MSCI play as well. Word is that they’re joining the small cap index.

There are early indications the market may be rangebound. There’s been support at 4,200 and resistance at 4,400. On the other hand, world markets were again divergent after our market close. FTSE and DAX down around 1% each while the DJIA gained 0.22%.

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