SO COLD...

       I'm having a headache.... No, it's not because of my portfolio being red. It's so cold here in my location even during the daytime. The chilly wind makes me sick, making my hands numb when they get wet.

       After several days of having rain and a little flooding in our camp (thanks God, we did not experienced the same flooding like the flood in Jeddah) , my dirty clothes was piled up and I need to wash them by hand. Our only washing machine in the camp probably got tired of washing laundry for more than 40 people and it quit! Ha ha ha!

       After a month since the stock market opened this year, I was able to sell only my MER and FOOD and it seems there is no stocks in my portfolio which is ripe for selling. My blue chips are all having paper losses at the moment with VLL having the biggest paper loss followed by FLI and ALI.

       No matter what, I will not cut loss on these 3 stocks together with SMPH and MBT and I'll just wait for them to go up. Checking the buyers/sellers on the stocks that I hold, I could see whether foreigns are buying or selling them. It seems that these actions greatly affect the price of stocks also by the so called "jockeys".

       I'll be allotting small part of my cash for speculative stocks soon and try to do day trading. By buying stocks and selling them after a short period of time (same day or same week), the risk will be greater than buying blue chips. Although as what they say, "high risk, high reward", I should be better prepared for the high risk that's why only small part of my cash will be used for it. Wish me luck!

       Same with the so cold nights for the past days, the PSEI has been so cold to me also. The consolidation keeps going and going and going.... like that hyper bunny in a tv commercial. Checking out the chart below, the consolidation started November of last year and it might still continue. 

        From the news, the PSEI support is still at 3800 and the 4,000 as the psychological resistance level . Looks to me that I'll be watching at the sidelines for the mean time and hoping that the bullish trend of the market continues soon. Don't disturb the "bear", he is hybernating....Ha ha ha!

       

"He who has a bountiful eye will be blessed..." < romer is ayeckanic, ayeckanic is romer > Ayeckanic™

LOVE IT OR LEAVE IT

       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™