Virtue... Patience is.
The PSE Index has been courting the 4000 level for a week now. And it looks like confidence is still high to drive the market up. Citiseconline predicted the market to reach 5k by year end. The major market movers this week are among the Mining and Oil sector with Lepanto Mining A and B shares leading the rally at around 70% gain week-on-week.
The properties sector is now lagging the bull run with investors diverting interests into mining. Yet I couldn't get my hands off a few of my favorites.
I 'm still tightening my grip at MEGW1. Hopefully I'm liquid if it ever goes down a few more notches. Nuff said. I loaded up on VLL partly on speculation that it will go up significantly at the advent of the cash dividend ex-date. Apparently, it didn't move much as expected. And lastly there's FLI. Last sold at 1.43, now bought at 1.39. I haven't really realized that I'm all Properties this week. Maybe because I am leaning towards the fundamentals this time. But I admit I'm losing opportunities riding the market appetite. I sold AT at a bargain which continued its ascent after. At the same time, I sold MPI at a loss which breached it's supports thereafter.
Patience, patience, patience.
The properties sector is now lagging the bull run with investors diverting interests into mining. Yet I couldn't get my hands off a few of my favorites.
My Portfolio |
Patience, patience, patience.
Days since First Trade | Portfolio Value Gain | PSEi Gain (Same period) | ATR MF Gain (Same Period) |
39 | 23.75% | 17.22% | 16.29% |
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