REDS

If the red tide is the headline in our common news, the red bloodbath in our market is just analogous in the investing world. Since November 4's 4,397 close, our market dropped by 199.73 points or -4.54% in just a matter of few days. Being a total newbie, this is the first time I saw the market drop to such an extent. Since I still believe that our market is still bullish in general, I categorize this situation as an opportunity for bargain hunts rather than a reason for a panic and sell all my holdings while still at profit. As a matter of fact, I bought back my old high flyers and I'm 88% invested now. If I get 100% invested, I guess I don't have to wake up 10 minutes early daily to find such opportunities.  :-)  My strategy might be risky because it is also highly probable that the market could go down further, but if it does, then maybe we'll just inject additional funds from our active income and wait for the prices to go back. Anyway, being in our 20's, there is still a decade or two for us to wait so there should be less risk.  :-)

Here's my current portfolio. I got a little overexcited so I bought stocks a bit early. ^_^ 

Weekly Report - November 5, 2010

This week, I have significantly reduced my holdings due to profit taking as narrated in my November 2 diary. I also sold my CEB at a loss because of fear which I later regretted because I was able to tolerate a paper loss of 10% in my ALI and EDC but I immediately panicked in my CEB when it was just -7%. Perhaps I should set a certain percentage of loss on a position before I mechanically decide to sell at given ranges of ratios in my portfolio...


Here's my portfolio at the end of the week.

Ctrl + Z

After my selling galore last Tuesday, most of the stocks I sold (with the exception of TEL) moved up further yesterday and today. :,(  I locked my profits but I virtually lost money. And what's worse? When I reached the site yesterday, I saw CEB bottomed to 116 and I was suppose to have a stop loss at 120. I panicked so I immediately sold it at that instant at its bid price of 117.70 for it to go back again to 122.40 today. :((   So my first IPO didn't go that well. It was my second completed buy and sell where I incurred a loss (first was GMA7 last August). Well, nobody have that crystal ball to know where the prices will be heading and stock trading is a purely mechanical and non-emotional activity (let the defense mechanism work ϋ). Being 50% invested only, I'm back on standby again for a major correction. As of this writing, DOW is up by 166 (+1.48%) points due to the fed's QE2. As far as I know, DOW WAS highly correlated to our market, until having its own life recently. So the question is if our market will rally as well due to this or it will decouple since funds will be brought back to the big market.


My portfolio update:

Harvest Day

My greed just got satisfied today. I booked my profits on DMC, MBT, MEG, MPI, and TEL.  :-)  I don't know yet how much money I made because I did all the trades here at site. EDC is the only performing stock I kept for now because I still view that stock as long-term. Hopefully, FLI will also break its tough 1.44 resistance this week and be my next wonder stock, together with my other property stocks. As for CEB, I guess I will give it up to P120 and set my stop-loss there.


Again, there's a stupid hole in the PSEi's intraday value. I checked Citisec's data and if the info is correct, it should be TEL (low is 2,424) from broker 102.


Citisec is lazy enough not to post the PM report for the day again. But to wrap it up, PSEi is up by 73 points at 4,341.75 led by MBT, MEG, and AGI and foreigners are net buyers again for the seventh straight day as they acquired Php368M worth of shares.


Here's my portfolio before I sold my positions:

Here's my current portfolio:

Weekly Report - October 29, 2010

I was a bit afraid to enter any new positions this week. I just don’t feel that confident lately and I don’t have a particular bullish stock in mind except for the ones I have but I don’t want to average up yet. I’m still satisfied with my current holdings and I can always wait for the right time to use my spare cash. With the exception of ALI, my red stocks are good as in their sideway movements. Too bad that ALI is my third largest holding which significantly drags down my profits.

DMC & MPI had been spectacular this week. My MPI is about to overtake my EDC now in terms of gain. I read today that GMA7’s Q3 profit was down by 26% which should be expected because political ads were already prevalent on the same period last year. I still believe that this stock will perform because of improving ratings. By the way, I made a spreadsheet before on how media stocks GMA7, GMAP, & ABS perform a few months before a national election to a certain period which is also a few months before that election. I tried to search it in my laptop but what I found is the profitability spreadsheet of different Farmville seeds per unit time  :)) It may be basic but it’s interesting. Anyway, I’ll just try to make it again and post it here.

On a week on week basis, my portfolio was up by 1.06% compared to PSEi’s -0.42%. Here’s the composition of my portfolio for the week.

A Disconnected (E)-Life

I was not able to update my blog lately for one good reason - my damn internet connection at home is gone. After waiting for a year and being able to use it for a couple of days only, my fiber optic box suddenly fails to authenticate itself to the network. Pinasabik lang ako..  :((


I just had a very small time of peeking price actions in the market from the site. On CEB's debut last Tuesday, I was about to write about it's 'high flying' first day performance but today, it's not applicable anymore. Really, I still have a lot to learn in the market. Is it possible to use the 'stabilization fund' to buy the 'over-allotment shares' to jockey up the IPO?  :-) I hope on our vacation on December, we could attend a fundamental and technical analysis seminar so that I can make this blog a little more informative and device my own S.M.A.R.T. trading strategy.