11: 10 pm Thursday 17 February 2011
Already on the road again, was not enough time to post my thoughts. Davao City was very nice, tidy and clean-wide roads. I want to visit the city again for a longer time. I love Davao pomeloes.
I also notice so much unpleasant posts are made. Ignore such posts, not dignify it with a comment. I want to suggest that people are on the site to do a little more and only comments that are constructive and intelligent. This is not a site where everyone has to think the same way, so if people disagree or your point, please leave it at that. I never intended this to convince people to buy site, sell or adopt my stock or the market views. I want people to develop a stock market with comments I uploaded. I want people to understand that there are vldiik local markets so that they will not become very bookish their investing or trading activities.
In any case, I am very pleased that there has been no recovery in the market last week, I remain cautious. Today is a very good example of the market is strong, but foreign funds net sellers. It is likely that they sold their lot because it had become Tel less important in the index. That were previously foreign funds that are the main Philippine market Tel exposure. Currently, there are other blue chips such as the AEV, AP, DMC, MBT, BPI, etc that can give exposure to Philippine better than Tel.
In General, I do not think that the broad-billed market go much higher because local investors remain wary of foreign funds. Foreign funds, however, continue to reduce the exposure to the local market. The wizard take a few weeks more before making changes to the emotion, so please think in terms of the trading range. Nevermind if take short-term losses. You can make it back if you trade successfully a range.
In the meantime, I'll be away from the beaches of Panglao island a few days. I don't think this will work on the market away from me in any case, regardless of where it resides.
17 February 2011-posted by Gus Cosio | To be first as this time.
No comments:
Post a Comment