What's your stock market pick?!

[la_flash]

^^ I think what he was saying is to take profits while you can as share price is expected to drop right after the SRO date.

[Mike10]

basically, like la_flash said, you can take profits after availing the SRO

but to explain further, you have 2800 shares at 8.8 each

since you can buy 1 share at a discount for every 3 shares you own, you can buy up to 933 additional shares at a discounted price

if you average everything, your cost would be smaller than 8.8 and in effect means bigger profit for you.
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3 shares are needed to buy 1 discounted share so if you want to buy more discounted shares, you have to buy more market priced shares.

please do not forget to compute your average cost, you might end up losing due to over buying

[fantomex]

Took profits on SMDC today. Thanks Marian Rivera

Sir Mike, Unicap bought Atlas and sold PX today. Any logic behind the switch?

Wait for LC disclosure on Tues. Might make it hit 0.50.



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[fanOFtabaquero]

cool! congratulations to you fantomex. today's market price soared high huh.. btw, why didn't you wait til SRO to sell your shares?

[fanOFtabaquero]

thanks mike10. please have patience with me if my questions are sometimes stupid.. i'm new to stock trading.. :-) hoping to learn more from u thanks

[fantomex]

Thank you sir tabaquero. Tsamba lang. i bought smdc 7.26 last week. Sold at 9.31. Pang hamon at queso de bola lang

My selling did not have anything to do with the fundamentals of smdc. I just didn't want to be greedy. Anyway, I can always buyback marian rivera



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[Mike10]

fanOFtabaquero: no problemo...whats important is we learn things everyday.

fantomex: i can't speak for our fund manager's actions but AT and PX are both good. I sold some of my AT just to take some profits but am holding my core shares

it's never wrong to take profits, galing ng smdc mo

[fantomex]

Thanks Sir Mike. SMDC luck doesn't happen all the time, but i'll take it anytime

My stock pick for today is RFM. Bought 1.79 and hopefully looking to exit at 2.30-2.80. Needs to breakout from P2 resistance.

Sir Mike, does Unicap know if there will be a stock rights for RFM? If so, at what price?



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[Mike10]

no SRO announced for RFM so far. I don't really follow RFM but i find it weird that prices have been going up while the volume has been going down the past 2 months. compared to RFM march to july, volume and price increase are in sync.

i may be wrong, just my 2 cent

[oedipus_07]

2 weeks ago bumili ako ng 3000 shares ng Philex(PX) @ 12.5
after 2 days lang, binenta ko agad @ 14.

last week bumili ulit ako ng 5000 shares ng PX @ 16.6 nag-high siya @ 17 noong mismong araw na yun pero nag-close @ 15.5.

as of now nasa 15.60, still hoping na tataas muli sa mga susunod na araw.


plano ko rin bumili ng ORE, FGEN o kaya DGTL.

[xBigoteAtBalbasx]

^ why did you buy/sell px? and what's up with ORE, FGEN and DGTL?

If you can't answer why, the market will eat you alive. You're lucky we're in bull market.

[oedipus_07]

^ why did you buy/sell px? and what's up with ORE, FGEN and DGTL?

If you can't answer why, the market will eat you alive. You're lucky we're in bull market.

first time ko po bumili ng stocks at limited pa lang ang alam ko sa stock market.

eto lang po ang mga naging basis ko sa pagbili ng Philex.

1. Positive outlook in Mining Sector.
2. Improvement in the financial performance of Philex.
3. PX is Active these days.
4. PX is still cheap and undervalued.

internet lang po ang pinag-kukunan ko ng info. kaunting research gabi-gabi.hehe

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sa ngyon ang mali na ginawa ko siguro ay ang pag buy back at higher price, pababa kasi ang trend ng PX. pero hindi pa naman ako nangangamba. Price correction lang siguro ang cause ng pagbaba.

may fina-follow na din ako na market analyst
doon po ako kumukuha ng insights

[Mike10]

oedipus, good play and good research on PX, it still has a long way to go

ORE is jockeyed, be careful.

Telcos are the most discounted sector right now, DGTL is a good pick since they are eating away at both Globe and Smart's market share.

FGEN is also a fundamentally sound company

just do research and you'll be fine

[xBigoteAtBalbasx]

first time ko po bumili ng stocks at limited pa lang ang alam ko sa stock market.

eto lang po ang mga naging basis ko sa pagbili ng Philex.

1. Positive outlook in Mining Sector.
2. Improvement in the financial performance of Philex.
3. PX is Active these days.
4. PX is still cheap and undervalued.

internet lang po ang pinag-kukunan ko ng info. kaunting research gabi-gabi.hehe

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sa ngyon ang mali na ginawa ko siguro ay ang pag buy back at higher price, pababa kasi ang trend ng PX. pero hindi pa naman ako nangangamba. Price correction lang siguro ang cause ng pagbaba.

may fina-follow na din ako na market analyst
doon po ako kumukuha ng insights

Yup you have a long way to go. Most of the stuff you'll find in the net are more often than not are already factored into the price. And if you're looking for reasons to buy, you'll definitely find it, if you're looking for confirmations, you'll get it. When you're bullish on a stock, you'll just make yourself believe that every little news about the stock is a reason to buy, a confirmation and whatnot. So instead of looking reasons to buy, look for reasons not to buy.

As for resources on the net, before you even read the news, the stock is already on the move. Case in point, you buying back PX at the highs. Looking at it on hindsight, it was a bad move but it was the best move you did when it reached the high of 17. You didn't have any exit plan so you held on to it hoping it would go up but it didn't. I also have PX and I believe it would reach 20 before the end of this year and I also believe that we are in a bull market and PSEi at 5000 is highly possible. You're lucky. Holding on to your positions isn't a bad idea.

Sooner or later, you'll learn that following an analyst is not a good idea. It's better to have your own opinion and strategy. Also, you're a noob, day trading is dangerous to your account

[fantomex]

Sir Mike, I appreciate your insights on RFM. I just bought a little on speculation of a future stock rights. Nothing fundamental here.

Citisec in their company report dated September 28, 2010 had raised FPH fair value from P80 to P98.10. This is an upside of 42.17% from the current price of P69.

My core holdings and target prices in the next 6 months are as follows:

AGI - P15 (powered by ResortsWorld Manila)

SMDC - >P12 (powered by Marian Rivera and Kim Chui); good thing di pala na sell yung shares ko sa 9.31. The incompetence of my trader was a blessing in disguise.

ATLAS - P20 (something is cooking in Toledo, Cebu)

EEI - P6 (infrastructure play that fits into Pnoy's push for infra dev't)

BEL - P3.50 (Henry Sy's casino venture that holds a Pagcor license to build a casino in the MOA area)

GINEBRA - P42 (powered by Anne Curtis; trading below book value; consistent cash dividend provider)

This is my portfolio, which I will hold til next year. That means I do not have extra cash for the Cebu Pac IPO


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[Mike10]

AT may hit 25 next year due to higher copper prices.

xBigoteAtBalbasx galing!

[fantomex]

Sir Mike, the copper price is just a secondary catalyst.

You need to follow Yunnan Copper of China in Bloomberg and it will lead you to the promised land later on



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[fanOFtabaquero]

good day. haven't posted in a while. btw, my broker told me i could avail additional 933 shares of smdc at 6.38 each. sir mike, i'm planning to avail it. but after the sro do u think the market value of smdc will go down?

[wandawoman]

any tips for the coming week?

[gotta lick it]

Sir,
The IPO of Cebu Pacific is set on Oct.25.
It is presumed at 110-135 per share.
Is it a reasonable rate and what is the maximum amout of common stocks alloted per inverstor?
It is also a holiday will the banks be open on that day?
Thanks in advance.