Third Quarter Score Card
The Philippine Stock Exchange closes the third quarter on a high note - albeit a bit fragile. I have been trading a few issues this past few weeks and I can sense the reluctance of the market to go higher. That is of course after hitting a all-time high of 8294.14 last September 18th. My securities portfolio registered a 23.14% gain for the year compared to the 19.45% gain on the index. Much of the steep gains this last month was due to a steep runup of such issues as AGI and FLI and locking on some gains before the prices go down. A huge chunk of my portfolio is actually a worst-performing FPH. For some reason, I couldn't just dump the damn stock. Probably because (1) I felt it was simply just damn cheap and (2) it gives off generous dividends - like 2-3 percent. In fact, I was loading a bit when the price drops at ridiculous levels. FPH mountain of despair I also loaded on D&L this past few days. Again, because I believe the stock will eventually go back up