: 20 5 pm Thursday February 10, 2011
Wow! This is one of the trading day, the worst I have seen since I followed closely the Philippine market. Can you imagine, of 20 most active stocks, each red with the exception of the BPI was just the same. Yesterday, I think because and selling by foreign funds were thinned, things start to get better. I shrug my hopes have 3800 level. Now that he gets a pass, I think that is almost at hand 3620. There was no specific reason for the cancellation of the sale except that the entire area were all saved Shanghai Sydney red. Anyway, the PSEi was a loser, down 2.73% with integrated following the second far KLSE in-2.09%. High tide is surely against us.
Well, it is really very good valuations are. Unfortunately, valuations are not what merchants are looking at now. People simply looking for sell at all if it makes sense or not. One thin ???? I noticed is the strong stock remained strong. Take, for example, DMC. The stock mlgath languishing between 32 to 35 a few weeks now, but it did not see for sale-not drastically today. It just slipped from 33.10 yesterday to 33.50 today. Same thing with AP, 27.30 closes today from 27.50 yesterday. Of course he gave a little scare when he touched 26.85, but the fact that it was much higher tells us that there are shoppers ' value. BPI close dictate also shares traded lower yesterday of 52; Again, people are a step for this stock. JGS close 19.50 against yesterday's close of 19.60; Perhaps most sellers JGS disappeared port already.
The stock that is down from today through the large, 5.25%. I hear people reacted as a statement December 2010 published terms of ?????? decrease in total loans and assets total mmazn was published in September 2010. Another stock, electrical strong basics, but yield is the largest of suffering for the day with a blue chip companies-6.98% blood drop. This is a stock that I really love taking my portfolio only yesterday (Wednesday), but it gave me losing one peso a day already.
Again the big question is this market would keep those levels. I want to see this happening but I'll do my life line for it. I think until the general feeling in the up market resort, we will not get much of a stretch. Not only must these sell stop, but also has the propensity to sell die. Fear of disturbing the market for more than 6 weeks, people are afraid. In my opinion one will not be a hero, at this point. I think buffer sliders are all for net bouquet has watched closely so that when they play, go local for the stock from the basement levels.
This market will not change its direction. We have to be very sensitive, or does not change the emotion. People have become very concerned about future inflation and monetary conditions is narrow. Mindset of the type that does not make itself quickly. However, there will be special situations that will allow us to make money; But it was not long in 18 months. Investors must be very selective, bold yet prudent.
10 February 2011-posted by Gus Cosio | Financial markets are in Asia be first as this time.
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