PST Fund Year-End Report

With trading for the year 2010 now officially over, Pinoy Stock Trader is proud to announce that since inception of the Pinoy Stock Trader Fund in November 22, 2010, to December 30, 2010, the PST Fund has grown by 35.04%, as compared to Philippine Stock Index growth of only 0.34% over the same period.

Below is the PST Fund performance, against the PSEi.

Gains were mostly made from trading PCOR, SMC, LND, PX, LC, and a few other stocks. While losses were made from CLOUD and LC during the same period.

To know more about the PST Fund, you can contact me for more details.

Pinoy Stock Trader

MER – Breakout From Inverted Head and Shoulders

On the penultimate trading day of the year 2010, many stock issues have been going up, with MER among the best performer, seemingly breaking out from a bullish inverted head and shoulders neckline of 207. MER also closed at its high of 221, up by 7.3%.

After establishing lows of 186 and 188 for the shoulders, and going as low as 170 for the head, MER's price action on this morning trading session has finally allowed it break free from the key resistance line of 207. The two-month price target for MER, according to the area pattern, is at the 245 levels.

Stops could be placed below the 195 support area.

With this, the next immediate price target for MER is around the 225 area, before attempting to take out the more significant resistance line at around the 236 area. If MER also manages to break this resistance in the future, are we seeing a retest of the 300 price level? We shall see.

Pinoy Stock Trader

Day of Breakouts – LC from Inverted Head and Shoulders, BEL from 4.00, LND from 0.87

Today seems to be a good day for these two stocks, as LC finally broke free from the neckline of the bullish inverted head and shoulders pattern at 0.395, while BEL smashing through the critical and psychological resistance level at 4.00, and LND establishing a new two-year high to close at 0.91.

After consolidating between a low of 0.32, and a high of 0.395 and in the process form an inverted head and shoulders pattern, with 0.395 serving as the neckline, LC has finally broken free from this bullish area pattern, confirming the reversal from the downtrend starting from the high of 0.66 last September.

And with this move, price target for LC is pegged at 0.47 within 3 months. Sell stop should be placed just below the 0.375 level, in case our expected price action fails to materialize.

BEL has also performed very strong earlier, closing at 4.30, after finally taking out the 4.00 resistance level, and holding ground above it. This signifies the resumption of its bullish 45 degree trend line since early November.

As expected and noted in my blog post yesterday, LND gapped up to open at 0.91, filling the gap at 0.87, and to finish strong to close at 0.91, with some bid orders left unmatched. From this point on, LND should trudge steadily higher, towards the 1.10 technical target. Sell stops can now be moved higher to just below the 0.87 level.

Pinoy Stock Trader

Breakout Watch – LND @ 0.87, PX @ 15.00

LND

With a strong move by LND to close at 0.87 earlier today, Fil-Estate Land now looks poised to take out the key resistance level at 0.87, which it has failed to breach since the September 16, 2010. Closing at its day high, and finishing the runoff period with heavy volume on the bid side, barring any major geo-political events, this looks certain to gap up on tomorrow's trading.

After breaking out from the symmetrical triangle last December 9, price has since retraced the previous triangle resistance line, before finally making the strong move today. The three-month technical target at 1.10 remains intact.

PX

After breaking out last December 6, 2010 from a flag formation, or descending triangle formation, PX was unable to breach the 15.00 level quite convincingly, and has since just hovered below this level. Earlier today, PX attempted once again in vain, to take the 15.00 level for good. While it did manage to move higher at 15.04, price action was again repulsed at this level, sending PX lower to close at 14.84.

If PX does indeed manage to breach, and hold the 15.00 level, immediate target for PX will be at 16.00, 17.00, and the grand daddy of all resistances for PX, the 20.00 barrier. However, if PX failed to take out 15.00, then PX may have to retest the 13.00 support level.

Pinoy Stock Trader

San Miguel Party Resumes

On a lethargic market session earlier today, San Miguel-related stocks once again took center stage, as SMC, PCOR, and SMB all posted significant gains with 5.5%, 6.1%, and 2.8% respectively.

SMC finally resumed its bullish momentum, after dipping near its breakout point at 125.00, proving that conservative breakout traders, those that buys when price dips near the breakout point chronicled on this post, can also have fun and join the ride.

PCOR on the other hand, looks to have broken out from what appears to be a pennant formation, with a potential price target of 18.50, based on the pole established during the last part of November. PCOR also looks to finally overcome the 13.00 level, which has eluded its price action last December 1. Stops could be placed around the 11.00 levels, in the event that our expected price action failed to materialize.

Meanwhile, SMB continues to trade very volatile, but still managed to close at 29.50, possibly moving sympathetically with SMC and PCOR.

Tomorrow, lets find out if San Miguel can outdo its bullish party hosted during the latter part of November.

Pinoy Stock Trader

Random PSE Musings: Index Failed to Move Above the 4,200 Level

For the fourth straight week, the Philippine Stock Exchange Index still remains unable to break the immediate resistance at 4,200 with conviction.

While the index attempted several times to take out this resistance, it was met with heavy selling, and to close out this week, the market fell by almost 2 percent. At this point, it appears that the index is headed towards the key 4,000 support level, which was briefly breached last November 30.

The outgoing week also produced several breakouts, none of which have successfully made a follow-through move, indicating that the market is still on a selling mode, getting out from ipits on any opportunities that may arise.

CLOUD, or IP Converge, also debuted this week catastrophically, not once trading higher than its IPO price. Which was probably dragged down by the under-performing mother company, IPVG.

This week has been a crazy one, now, let's see if next week's trading goes even wilder.

Pinoy Stock Trader

LND – Breakout From Symmetrical Triangle

Fil-Estate Land was one of the few bright spots during the local stock market session earlier today, breaking out from the symmetrical triangle that it has been consolidating inside since mid-September, to close at 0.81.

After breaking out from the symmetrical triangle, which was accompanied by very strong volume, LND might first retest the resistance at 0.87, which was the high last September 16, before moving higher on the back of a strong bullish momentum.

Measuring the triangle, LND now has a technical target between 1.10 to 1.15, which should be achievable within a span of 3 months. It should first, however, move above the immediate resistance at 0.87.

Stop-loss orders could be placed just below the 0.70 levels, in the event that this move turns out to be a flop.  

Pinoy Stock Trader

SMC - Breakout From Flag Formation, Confirmed

San Miguel has finally broken out from the 125.00, flag formation resistance, as mentioned in my blog entry just yesterday:

SMC – Another Flag Formation Waiting to Breakout?

Congratulations to those who have bough upon breakout, as technical target for this move should take SMC towards the 150.00 level. To those that have missed out on the breakout, you can wait for the pullback just above the 125.00 level, IF there will be a pullback hehe. Otherwise, just try to buy on a price you're comfortable with, as it is not healthy to go on chasing prices.

Now what to expect for SMC tomorrow? Given that SMC finished very strong on today's session, and on the day high, tendency is that SMC will probably open strong also tomorrow, to fill in pent up demand from today's session. This is possible, as long as the US and European markets doesn't do anything crazy, or the Kim Jong Il finally going mad against South Korea.

Still, as with any trades, always have a proper trading plan. If price retreats, and falls below 115.00, which is the flag formation support level, then one should cut this stock, as this would signal a failed technical move. 

Pinoy Stock Trader

SMC – Another Flag Formation Waiting to Breakout?

Following PX's breakout last Monday from a flag formation, or descending triangle whatever you look at it, San Miguel Corporation is now also trying to breakout from a flag of its own.

After establishing the pole last November 18 and 19, SMC has consolidated between 115.00, and the elusive 125.00 resistance level. Now if SMC will finally manage to breach this level convincingly within the next few sessions, we will be looking at a price target near the 150.00 level, which would present a strong psychological resistance.

To trade SMC, one should wait for the successful assault against the 125.00 level, accompanied with strong volume before buying this stock. Don't preempt any breakouts, and set your stop-loss level below the 115.00 flag support level. With this in place, you should be fine.

While MACD shows that a bearish crossover with the signal line is imminent, chart-wise, SMC still looks good. And coupled with rumors circulating that San Miguel is going to offer secondary shares to the market, with price ranging between 150 to 200 pesos, there is a strong motivation for the jockeys to push SMC towards the 150 levels. Provided of course, that this is true hehe.

Pinoy Stock Trader

PX – Poising For a Flag Formation Breakout?

Looking at the PX price chart, price action for Philex Mining appears to be forming a flag formation, and at the moment, looks set to finally break this consolidation period, and resume its bullish push starting from latter part of August 2010.

After twice bouncing from the 12.90 support level, PX has managed to retest the flag formation resistance level, and if it succeed in breaching this level, the upward price momentum for this move could take PX to as as high as the 19.25 area. Looking back since late September, volume for PX has been consistently been decreasing in value, which could signal a significant price move may be imminent.

Breakout from 14.25 should be the trigger price, and any move below the 12.90 level should also be the signal to cut any losses from this stock. Again, never preempt any breakout in price, and only buy if the breakout is supported with convincing volume.

However, PX also appears to be forming a descending triangle, which incidentally, a break below the 12.90 level will also signal the breakdown from the bearish descending triangle formation. In closing, don't touch PX, unless a convincing breakout has occurred.

Pinoy Stock Trader

DMC – Breakdown From Head and Shoulder Pattern

DMCI finally fell from the head and shoulder neckline support at 33.00, to close lower at 32.05. With this price move, DMC looks set to be in a bearish bias for the next two months, and will probably test the support level at 25.75, which is also the head and shoulder breakdown price target.

After establishing the three peaks to form the head and shoulder pattern, and failing to sustain its steep bullish run from September, price has reached an exhaustion point, and may now be correcting, at least for the meantime. Looking at the weekly chart, the divergence from the uptrend line established from February this year has been too much already, and the recent breakdown may bring it closer to the trend line.

Once DMC has come back to the February 2010 trend line, and respected the trend support, then DMC can turn bullish again. However if not, then expect a renewed selling pressure from the market.

Pinoy Stock Trader

Random PSE Musings: PSEi Correction Goes Deeper, But No Worries… Yet

The Philippine Stock Exchange Index, or PSEi, has just fallen below its immediate support at 4,060, and also below the psychological 4,000 level, bringing the much awaited market correction deeper. From the all time high established at 4,413 last November 5, the PSEi has now lost more than 10% in value, and more than 400 points.

While a lot of observers, including yours truly, have been calling for a meaningful market correction, it seems that the correction we all have been looking for has finally arrived. While the sudden drop in the local market may alarm investors, especially the new ones that have just invested on the market highs, the PSEi still remains healthy in medium to long-term charts.

Looking at the weekly chart displayed above, the market run-up from September to early November, have caused the index to deviate further higher away from the uptrend line established way back in March 2009. Now, the recent bearish market sentiments have caused the PSEi to somewhat move closer to this trend line, initial support for the index is seen at 3,900, with the 3,800 level serving as the key support level.

However, if these two support levels get broken, then you guys can now worry hehe.

Reversal of Fortunes for FOOD?

Alliance Select Foods International, or FOOD, is poising for a reversal from its bearish trend, as it tests the 1.50 key resistance level, which it has been trying to breach since the middle of October. Since December 2009, FOOD has been trending lower, coming from the 2.16 level, and this time, FOOD has an opportunity to break free from this bearish bias.

Looking at the price chart, FOOD has somewhat managed to squeak past this bearish trend line, to encounter the 1.50 key resistance line. Now, if price manage to break out from this level, FOOD will encounter 1.60 as its next resistance, and 1.70 as the next.

Buy on breakout with convincing volume, and don’t preempt any breakouts, as FOOD can still respect the 1.50 resistance level, and consolidate further.

Metrobank to Offer Stock Rights

From the PSE website: MBT Stock Rights Offer

Despite the recent corrections on the local stock market, listed companies are still keen on capitalizing the “still” bullish trend and strength of our local market. Metrobank (MBT) is now to offer to the general investing public a Stocks Right Offer (SRO), with the entitlement ratio and price to be determined at a later date.

With MBT joining the list of IPOs and SROs of Cebu Pacific, Nickel Asia, Lepanto and IP Converge, shows that the listed companies and other businesses are still bullish on the future prospects of the market to further expand their businesses.

Will post more details as more data becomes available, so stay tuned.

IP Converge Data Center IPO Now on Offer

Offer Price:  4.20 Pesos Per Share

Listing Date: December 9, 2010 (tentative)

Offer Shares:  45,466,667 commons shares
More Info: IP Converge Data Center IPO Offering Circular

With the IPOs of Cebu Pacific and Nickel Asia already behind us, a third IPO is looming just around the corner to close out the year 2010. IP Converge Date Center Inc, or CLOUD, is the newest IPO in town, a spinoff of IPVG, which is also a listed company on the Philippine Stock Exchange.

CEB performed okay on listing day, and some might even say lackluster. This is probably due to CEB’s extremely huge share offering, and coupled with a price offered on the higher end of the offer range. With Nickel Asia, which just traded this Monday, it went up by 30% on listing day, only to weaken towards the end with heavy foreign selling. Proving that foreign investors can also do the “chupita”.

But in the case of IP Converge, with a very limited amount of shares on offer, there is a good chance that this will hit ceiling on opening day.

Sound good right?

Never mind what their business is, (which is by the way about a data center, obviously haha), with only 45 million shares to be offered to the public, demand for this IPO is definitely going to be crazy. Brokerages are allocated with only 102,000 shares, so good luck with your broker giving you shares hehe, unless of course you’re a VIP client of that particular brokerage. You might ask, so how do I get shares for this IPO?

There is a Local and Small Investors, or LSI program, available for the common investors, but the thing is, your allocation will be capped at no more than a value of 25,000 pesos per investors. Sounds little right? What you can do to increase your allocation is to bring in friends, relatives, or even your yaya to apply for this IPO under the LSI program, and just credit these shares to your account with your broker hehe. It might be time consuming, but it is worth it. And you will thank me after December 9. ;)

Click here for the detailed IP Converge LSI Program.

If you’re going to get shares through the LSI program, and don’t have a broker, you can contact me, and I will be happy to serve you.

CMT – Ascending Triangle Breakout

Southeast Asian Cement Corporation (CMT) finally managed to breakout from the 2.06 ascending triangle resistance line, to close strongly at 2.12. As you can see on the chart below, CMT’s bullish momentum is likely to take price towards the 2.55 price area within a three month window, so traders that have missed this opportunity still has a chance to join this price move.

As with any trades, you must always have a trading plan in the event this trade doesn’t perform as expected. In this case, cut loss if price falls below the breakout point of 2.06. But at this point, outlook for CMT is looking good, with the MACD making a piercing upward cross on the signal line, indicating that recent price action for CMT is still bullish.

Random PSE Musings - Is the San Miguel Party Over?

For the first time in 10 trading sessions, SMB finally went red, closing at 25.00 pesos, or down by -7.6%. While this is not totally unexpected, the actual decline came to be a surprise, as SMB went as high as 31.90, before turning about face, and crashing down. With its very volatile move earlier today, at least SMB has established an immediate support level at 22.50, and could consolidate between this level and 31.90 for the time being.

Still, the next few sessions will be crucial, as we still have to know if the 22.50 support level can be held. If not, then expect another bloodbath for this issue, and can go as low as 18.00 as its next target.

While PCOR managed to hold on to its gains and close at 10.10, it still is a far cry from its day high at 11.80, also burning a lot of investors in the process. LIB even joined the party early on, but this also closed far from its daily trading high.

Now, rumors has it that SMC, the parent company, is planning to offer secondary shares to the investing public next year, offering SMC shares between 150-200, which could probably explain why SMC-related stocks are moving northwards simultaneously. Well, it is up to you if you want to join the San Miguel party, or just look away, thinking that the party is over. 

Petron Corporation (PCOR) – Breakout From Symmetrical Triangle

After months of stagnation between 7.30 and 6.20, PCOR finally broke out from the symmetrical triangle resistance at 7.35, and finish higher at 8.61. While the price target for the symmetrical triangle seems to have been reached already at 8.80, outlook for Petron still looks good, as it may consolidate and establish a flag formation, before going further up.

Immediate support for PCOR is at 7.90, which was the previous high from September 27, 2010, and any break below this level should be a signal to sell this stock, either to rake in profits or to cut any losses. Still, one can’t stop thinking that PCOR might have moved, because of the strong move of its affiliated companies, like SMB and SMC. News on these moves are of course brewing. 

San Miguel Brewery (SMB) - Continues to Defy Gravity, Closes at 27.05

For the 9^th straight trading session, San Miguel Brewery continued to establish long white candles, to form a very steep pole! Many are certainly saying that SMB must at least correct and consolidate, before moving upwards, but still, there are no signs that this stock is going to slow.

But if people are clamoring for a correction, it did correct earlier to 18 pesos, before assaulting a high of 28.30. And folks, that move to 18.00 may be the only correction we will have hehe. No, just kidding. :D

People have been asking me for several days already whether to buy SMB, and all those time, I said no. Now, they may be wanting to kill me for saying no haha. Seriously speaking, buying SMB at this point is very fool hardly, and with an RSI of 98.64, this is absolutely cannot be sustained.

While SMB still has strong momentum left to carry it higher in tomorrow’s trading, it is bound to fall anytime soon, so just observe from the sidelines for now, and ask for balato na lang  to those who profited from SMB hehe. And if you are one of the lucky ones that have SMB, balato naman jan hahaha!

NIKL - Nickel Asia Corporation IPO Opens Strong, Before the Foreigns "Tsupita"

Nickel Asia Corporation debuted earlier today its stocks on the Philippine Stock Exchange. Its opening price was at 19 pesos per share, and going as high as 19.40, before losing momentum to eventually close at 16.50 pesos per share.

While NIKL performed better in its debut agains Cebu Pacific's (CEB) IPO a few weeks back, NIKL's IPO was very volatile, moving within a 20% range in the morning trade. Usually on IPOs, it is the foreign investors who have the "strong" hands, with locals the one selling upon opening to make a quick buck. But this time, it is the foreign investors that are taking advantage of the IPO euphoria, selling down on any bids made by the local investors.

Still, it will be interesting to know what will happen on tomorrow's session, as this could also offer insights on the potential move of IP-Converge's IPO next month. Stay tuned guys.

Aboitiz Equities Ventures (AEV) – Breakout From Ascending Triangle

Technical analysis of AEV has just shown that price has broken out from the 36.50 ascending triangle resistance line, to close at 38.30 up by 7.9% during today’s stock market session. With its current bullish momentum, we can expect AEV to target the 40.50 ascending triangle price target within the next two weeks. MACD line is also poised to do a bullish cross over the signal line, further confirming the bullish strength of this move.

Now, the ideal entry point is around the breakout point at 36.50, so you could try to at least get the possible price if you wish to trade this price action. If you already have positions, you could take profits around the 40.00 level. And if the trade didn’t pan out as expected, set your stop loss at around 34.50.

San Miguel Brewery (SMB) – Continues to Spike at 14.00, But Can This Be Maintained?

From 9.50, SMB, or San Miguel Brewery has continued to rocket and close at 14.00, in a span of 5 trading sessions! Now, lucky holders of this stock should now consider locking in profits on tomorrows trading session, preferably on the early part of the session, as this price spike cannot be sustained for an extended period of time.

Now, what should investors and traders do next? Well, you can wait for price to correct a bit and stabilize a bit. With this kind of price action, this has a potential to form a flag formation, with the spike serving as the pole. Now, if a flag or pennant formation does indeed happen, one can buy on breakout from the area pattern formed.

Until then, I will monitor further price developments from this stock, and will update you guys. Stay tuned.

Random PSE Musings: PSEi Continues Moving South, Continues Correction - November 17, 2010

Following last Monday’s corrective bounce, the PSEi is back in the red on today’s session earlier in the morning. The PSEi closed 70 points lower, or -1.69%, as the Philippine stock market continues to correct from its recent all time highs established two weeks ago. Looking at the weekly chart from the early of 2009, the PSEi’s ascent has been too steep, and could not be sustained. As seen in the chart below, price needs to move around the 3,900 trend support, before making any upward move.

Amibroker Charting Software, Chart Data, and Historical Price Quotes for the Philippine Stock Market – Guide on Getting Them

One of the most important tools in trading the Philippine Stock Market is a price chart used for technical analysis. However, how can you do technical analysis if you don’t have a charting software, or the historical data to read in your charting software? You’re in luck, as I detail in this post the steps in setting up your own chart for all active Philippine stocks.

Random PSE Musings: PSEi Continues Long Overdue Correction, Technical Rally Very Ripe

Wow, for the 6^th-straight day, PSEi did another long black candle closing at 4,076.68, down by 67 points or -1.63%, and approaching the psychological resistance at 4,000. This makes the index very susceptible to a technical bounce. Early on during today’s trading, a lot of investors are panicking, selling across the board and at one point almost losing as much as 100 points.

PSE Rumor Mill: Nickel Asia’s (NIKL) IPO is Now Doing at 16 Pesos Per Share, Over the Counter

*EDIT* Price is now doing 17.50 OTC!

Apparently, there is a very strong demand for Nickel Asia’s IPO that brokers are now looking to buy NIKL shares at 16.00 Pesos per share, over the counter.

We are also actually looking to buy NIKL shares at 16.00 per share, any amount will do, but preferably 10,000 shares and up. So if you have NIKL shares allocated to you, and would want to sell it for an instant 1 peso profit per share, you can contact me hehe.

MEG – Pullback BUY on Ascending Triangle Breakout

A buying opportunity is presented for Megaworld (MEG), after price pulled back towards the 2.56-2.58 breakout out area performed last November 2. This gives a good buying opportunity to those investors who missed the breakout from the ascending triangle Last November 2. The price target for this particular move is towards the psychological 3 pesos barrier.

Random PSE Musings: Correction Continues, Presenting Some Buying Opportunities – November 10, 2010

Much needed correction is now happening on the PSEi, as the 4,260 immediate support level is now breached. Next support is seen at the 4,140 level. On the 4th straight decline, a technical rebound could occur, so try to watch out for it and use it to your advantage. 

At this point, I think the PSEi may go into a consolidation period before deciding to continue establish new highs, or to go further into a corrective mode, and consolidate between the 3,900 and the 4,400 level. It remains to be seen on what’s gonna happen next, but stay tuned.

EDC – Bearish Breakdown From Descending Triangle

EDC has just broken down below the 5.90 descending triangle support level, confirming one of our scenarios on last Monday’s post about EDC. With this bearish breakdown, we can now expect EDC to try and test the support level and descending triangle price target at 5.30 towards the end of the year.

EDC – Falling Wedge or Descending Triangle?

EDC continues to consolidate inside a falling wedge area pattern, with breakout points seen between the 6.05 to 6.20 levels, with initial price target seen at around 6.70.

However, it also appears that the price is consolidating inside a bearish descending triangle area pattern, with the support level seen at 5.90, and initial price target of 5.30 upon breakdown.

With these two scenarios, what to do next? Well, the best way is to wait for a price breakout, which should be a signal to buy. Still, should price breakdown from the descending triangle, it would be best to stay away from this issue, and try to pick up at the 5.30 levels, provided that price action holds above the gap.

Random PSE Musings: Welcome Corrections – November 8, 2010

The Philippine Stock Index, or PSEi, just finished its second-straight decline to close at 4295.62, down by 1.2%. This decline is largely due to the TEL’s 1.5% decline, after plunging by 8% on last Friday’s trading. Still, the market appears to be taking some corrective declines, following its record-setting ascent in last week’s action. This correction also validates my suggestion last November 4 to take profits.

Nickel Asia IPO Priced at 15 Pesos, Sign of Low Demand?

It was just recently that the price for Nickel Asia Corporation’s (NIKL) IPO, or Initial Public Offering, in the Philippine Stock Exchange, was set at 15.00 Pesos per share. Initially, the offer price range was pegged between 14.95 to 23.00 Pesos per share. With the final offer price being set at the lower range, does this mean there’s little demand?

PSE Daily Recap: Another All-Time High, Time to Take Profits? - November 4, 2010

For the 3^rd-straight day, the main index PSEi registered a new high by rising 15.44 points or 0.35%, to close at 4,397.30. As the index continues to explore uncharted regions, one could ask: “Is it time to sell?”

NIKL - Nickel Asia Corporation IPO

At a glance:

Offer Price Range: 14.95 - 23.00 Pesos per share

Tentative Listing Date: November 22, 2010

Offer Period: November 9 to 15, 2010

Now, after the crash-landing of Cebu Pacific’s (CEB) IPO, now closing even lower below its IPO price, investors are now starting to doubt the success of Nickel Asia Corporation’s IPO. But what really are in store for us, the traders and investors?

PSE Daily Recap: PSEi Riding High, as Cebu Pacific Crashes Down - November 3, 2010

PSEi registered a new all-time high to close at 4,381.86, up by 40.12 points or 0.92%, while Cebu Pacific bucked the trend, falling even lower below its IPO price at 119.80, after going as low as 116.

It's IPO Time Once Again: Nickel Asia and IP Converge Data Center

Two close out the year 2010, two companies, Nickel Asia Corporation, and IP Converge Data Center, will be offering shares to the public via an IPO, and to try and ride the bullish wave currently sweeping the Philippine Stock Market.

I'm back...

... trading in the Philippine Stock Exchange!

After almost a two-year absence, from the local stock market, I am returning.

I know fate has given a new chance in this market, following my stint in the market in 2006-2009. I guess I still haven't finished my mission here, that's why I'm back here once again, to... to wreak havoc? No, of course not. I may have my own highs and lows with the PSE, but all these experiences only made me a better trader/investor today.

Of course, me returning is not all about money. Though I need to work harder now, as me and my wife are now blessed with our little angel, I have returned to help others navigate our still fledgling investment market.

I now that we're on never-seen before levels for the PSEi, and this is the perfect time to invest, but know this, this is the very same feeling among investors and traders, before the market collapse of 2008. And ladies and gentlemen, it is my duty to help and guide you to make the most out of the market, and at the same, manage the risks.

I have much more in store for this blog, so stay tuned. But if you have any questions, please feel free to drop me a line.

Have a nice day.