My Stocks: A month after
Citiseconline (COL) has been down since Friday eve. System maintenance perhaps. For the mean time, here’s a snapshot of my portfolio from a money manager software I am using.
AT
I bought Atlas Consolidated (AT) mainly due to a tip from a technical friend. He noticed a cup and handle pattern which according to the technicians should precede a bullish trend. True enough, the issue has risen 9%, 5.6%, and 5.6% in the last 3 days. I was able to enter at 13.80. This was 2 days ago. Quite high already but I guess (and hope) it’s not yet too late. At the early hours of trading on Friday, it seemed the issue has lost momentum and even dipped quite considerably to 13.80. But aggressive buying from some big shots at the closing hours drove AT to another winning high. This was probably the effect of the positive news of increasing demands of copper and minerals abroad. But I’ve noticed something irregular in the late trading that might be some investment strategy I’m not familiar with. Normally, the lowest asking price is bought first in increasing order. The idea is that, why start buying at the expensive ones when more cheap offers are available? What I’ve noticed in last Friday’s trading is this. The asking price ranged from 14.68 to 14.78 and up. There were aggressive buyers who bypassed 14.68 and 14.70 and bought 14.78! I don’t know, maybe some technical glitch on the PSE system, the COL, or I am just seeing things. This was after I recently stumbled into BW resources scandal article. Well, maybe I’m just thinking things. After all, the news about the prospects of the mining industry might add to the fundamentals of the company.
MEG
I definitely have mentioned earlier that I regretted the day when I dumped MEG out my portfolio. For me, MEG is more promising fundamentally than FLI. Having said that, the remaining question would be - why warrants? Five days ago, I have a nice talk with someone about stocks during a friend’s birthday dinner. I told him I wanted to get back MEG into my portfolio. He introduced to me MEGW1 instead. Mainly because MEG and MEGW1 have the same fluctuations and most of the time reflect each other’s movement. The advantage (or disadvantage depending on the trend) perhaps is that the latter is more cheaper such that small fluctuations brings more returns (it goes the other way around also). Bought at 1.34, MEGW1 does seem to perform good as with MEG. Come Friday, MEG closed flat, while MEGW1 closed up by 2.2% Does this mean people now are choosing the cheaper alternative? Hard to tell.
MPI
MPI has been in a corrective mode for the past 3 sessions. What’s more intriguing probably is the fact that it is currently around its support level. If it breaks out, there might be some downtrend to follow. I was suppose to hold on to this issue for quite some time but if it should break out significantly its current support, I was thinking of cutting loss or adding position.
FLI
I’ve locked in gains from FLI when I sold all shares at 1.43 at around 16% gain. It still goes up to 1.44 the next day and eventually settled at 1.38 last Friday. So this was probably my first best-timing sale and hopefully not the last.
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| My Portfolio |
AT
I bought Atlas Consolidated (AT) mainly due to a tip from a technical friend. He noticed a cup and handle pattern which according to the technicians should precede a bullish trend. True enough, the issue has risen 9%, 5.6%, and 5.6% in the last 3 days. I was able to enter at 13.80. This was 2 days ago. Quite high already but I guess (and hope) it’s not yet too late. At the early hours of trading on Friday, it seemed the issue has lost momentum and even dipped quite considerably to 13.80. But aggressive buying from some big shots at the closing hours drove AT to another winning high. This was probably the effect of the positive news of increasing demands of copper and minerals abroad. But I’ve noticed something irregular in the late trading that might be some investment strategy I’m not familiar with. Normally, the lowest asking price is bought first in increasing order. The idea is that, why start buying at the expensive ones when more cheap offers are available? What I’ve noticed in last Friday’s trading is this. The asking price ranged from 14.68 to 14.78 and up. There were aggressive buyers who bypassed 14.68 and 14.70 and bought 14.78! I don’t know, maybe some technical glitch on the PSE system, the COL, or I am just seeing things. This was after I recently stumbled into BW resources scandal article. Well, maybe I’m just thinking things. After all, the news about the prospects of the mining industry might add to the fundamentals of the company.
MEG
I definitely have mentioned earlier that I regretted the day when I dumped MEG out my portfolio. For me, MEG is more promising fundamentally than FLI. Having said that, the remaining question would be - why warrants? Five days ago, I have a nice talk with someone about stocks during a friend’s birthday dinner. I told him I wanted to get back MEG into my portfolio. He introduced to me MEGW1 instead. Mainly because MEG and MEGW1 have the same fluctuations and most of the time reflect each other’s movement. The advantage (or disadvantage depending on the trend) perhaps is that the latter is more cheaper such that small fluctuations brings more returns (it goes the other way around also). Bought at 1.34, MEGW1 does seem to perform good as with MEG. Come Friday, MEG closed flat, while MEGW1 closed up by 2.2% Does this mean people now are choosing the cheaper alternative? Hard to tell.
MPI
MPI has been in a corrective mode for the past 3 sessions. What’s more intriguing probably is the fact that it is currently around its support level. If it breaks out, there might be some downtrend to follow. I was suppose to hold on to this issue for quite some time but if it should break out significantly its current support, I was thinking of cutting loss or adding position.
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| MPI currently in support level |
FLI
I’ve locked in gains from FLI when I sold all shares at 1.43 at around 16% gain. It still goes up to 1.44 the next day and eventually settled at 1.38 last Friday. So this was probably my first best-timing sale and hopefully not the last.
Days since First Trade | Portfolio Value Gain | PSEi Gain (Same period) | ATR MF Gain (Same Period) |
33 | 21.83% | 14.36% | 14.80% |
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