3 pm Monday 14 February 2011
The rise in the market today should give relief to many investors. The decline that we have seen so far does not look so sharp after all. I warn you, however, this may be just two Raleigh repairs-buying back postures sold earlier or lower stock picking for conviction. From understanding the value of a Php 3.74 billion a day, it does not look like the market sentiment has changed substantially. Furthermore, we continue to see net foreign selling which indicates that the transition out of our markets are developing market is still not over.
People remain prudent and is a problem with such emotion is inviting the merchants sell on strength. Judging by today's price action, I think local merchants are convinced that the market has been fully. Many achievements of the day was at the expense of AC, Ali SMPH. I was a good but AC and SMPH wasn't understanding on is impressive. MBT accounted for some positive index points, but really looks more like rebound oversold levels.
Nevertheless, there are several sheets and especially of property dual SLI and FLI. For active, FLI see sequence from there, making it trade safety. Tel, electric, MBT and DGTL look me be very oversold like the disadvantage of these restricted stock risk. KEEP it stock was quite a long period of consolidation, also approaching oversold levels. It seems well supported under 5.50. If these levels LPZ holds, we could see it go up a bit since 4.50 seem formidable level of support.
For PNB followers, I think ????? you may already have already collapsed out of that. I think he can trade below 45 before moving forward because the stock is wide interest in 2010. Perhaps, his men have shifted to another bank. BPI is usually stock a bore, and it remains to be. He apparently has its own if the market turns worse. I think that people are willing to hold and sell the stock in anticipation of its cash dividend standard in March. BPI remains be defensive stock.
Between the markets of Asia, we see today recover from MSCI ex Japan lost 2.6% in the last week which is one of the biggest release of the index. I also saw investors good news boagdlt 51% imports in January. This trend is quite for the Philippine exporters ' ratings take China in importing more from here.
I hope you will begin to play emotion because already in stock are the levels where the PSE downside risk might be impaired. Unfortunately, because of the experience in the late 1970 's and 1980 ' ' s early, people have a hard time shaking the very inflationary expectations from their brain becomes self fulfilling sometimes phenomenon. Fortunately, oil prices, that the intermediary contract WestTexas (WTI), lower trading at 85.22. As long as one is aware of the risk of disadvantage, can be a profitable trade rebound that may have their bodies right here. Just remember, a good investor never falls in love with a stock portfolio.
Happy Valentine's day.
14 February 2011-posted by Gus Cosio | Financial markets are in Asia be first as this time.
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