End of a quarter...
Well, it's the end of another quarter. Or should I say, the end of the first quarter of the year. And boy, what a quarter it was! There sure a lot of things going on, mostly the bad kind. The instability of the Middle East and North Africa, the devastating Japan quake and tsunami that killed a lot of people, and in effect the world in the verge of an oil crisis
In the local front, everything seems to look a bit ugly too. The Armed Forces' pabaon issues which led to the suicide of the former Chief of Staff Angelo Reyes, the Ligot couple's blatant display of arrogance, the Merci Gutierrez impeachment, and the death penalty of the three Filipino OFW's in China who were convicted as drug mules. On the extreme side of the spectrum are the "activists" who we're blabbering incessantly of how the government has deprived them of all the rights in the world. I mean, come on!
These news get into my nerves sometimes that I wish I had that notebook that kills all the fucking assholes in the world. We seriously need a government who had the will and the teeth to implement those laws. (and when I say government, I'm referring to all the public officials and government employees including you, SENATORS and CONGRESSMEN, you acted as if you're not part of this government!).
The stock market has been in the downward bias since the last quarter of 2010. But the biggest news probably just before the quarter ended is the share swaps between the telecom giants PLDT and the DGTL of the JG summit group of companies. The price spike of the PSE index heavyweight PLDT due to the news pierced through the 4000 resistance. This pared the index's loss for the year by at least half (I don't have the figures right now so do you own research).
My own portfolio has slowly picks up lost gains as I was actively trading this past few days. I haven't been able to ride the PLDT-DGTL wave but I really don't mind. I'm taking extra caution when trading while constantly maintaining liquidity on the sidelines.
The market is, as the experts said, on the bull once again. But I guess I've seen enough not to be persuaded by optimism much easily. On the other hand, I'm just too stubborn to quit too easily in the advent of a downtrend also. Either way, this is a nice way to end a quarter and looking forward to start a new one.
In the local front, everything seems to look a bit ugly too. The Armed Forces' pabaon issues which led to the suicide of the former Chief of Staff Angelo Reyes, the Ligot couple's blatant display of arrogance, the Merci Gutierrez impeachment, and the death penalty of the three Filipino OFW's in China who were convicted as drug mules. On the extreme side of the spectrum are the "activists" who we're blabbering incessantly of how the government has deprived them of all the rights in the world. I mean, come on!
These news get into my nerves sometimes that I wish I had that notebook that kills all the fucking assholes in the world. We seriously need a government who had the will and the teeth to implement those laws. (and when I say government, I'm referring to all the public officials and government employees including you, SENATORS and CONGRESSMEN, you acted as if you're not part of this government!).
The stock market has been in the downward bias since the last quarter of 2010. But the biggest news probably just before the quarter ended is the share swaps between the telecom giants PLDT and the DGTL of the JG summit group of companies. The price spike of the PSE index heavyweight PLDT due to the news pierced through the 4000 resistance. This pared the index's loss for the year by at least half (I don't have the figures right now so do you own research).
My own portfolio has slowly picks up lost gains as I was actively trading this past few days. I haven't been able to ride the PLDT-DGTL wave but I really don't mind. I'm taking extra caution when trading while constantly maintaining liquidity on the sidelines.
The market is, as the experts said, on the bull once again. But I guess I've seen enough not to be persuaded by optimism much easily. On the other hand, I'm just too stubborn to quit too easily in the advent of a downtrend also. Either way, this is a nice way to end a quarter and looking forward to start a new one.
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