It's been quite some time that the market is consolidating (that is as per my observation). Quoting a post by Sir Gus Cosio from his blog "Gus Cosio says so", "The reason that market has been tanking is obviously because global portfolio managers have been re-balancing portfolios in favor of the large cap high-profile stocks in the developed markets."
Furthermore, the market consolidation will still continue according to the news as stated by some "experts". What does that mean? My portfolio will continue to be in the red zone and my paper losses will become bigger probably unless the stocks that I have will counter where the index is heading.
Just last Friday, all my stocks were red except FOOD although it went down again yesterday. Comparing it to the rest of my stocks, FOOD did not went down that much as of this writing.
Browsing through some forums and blogs, you might have read that some were cutting losses to avoid having further losses. I haven't tried to cut loss because after 7 months in the stock market, I still can't figure out why and how to do it. Honestly!
Some were already getting nervous and don't know what to do at this point in time. Most were worried that they are having big paper losses because of the market consolidation when you read some comments in Sir Cosio's blog.
Just this morning, something changed... The market was green! Checking out my portfolio, my stocks' prices went up compared to yesterday. Is this the start of the continuation of Philippine stock market's bullish trend?... If so, then the time for me taking profits is near. Hahaha! I love it!
"He who has a bountiful eye will be blessed..." < romer is ayeckanic, ayeckanic is romer > Ayeckanic™