During the first thirty minutes of trading, the PHISIX was on the green side, rising 38 points at the most. Our gains weren't sustained though, as we slowly drifted lower until we accelerated to the downside, falling as much as 47 points. We were able to rally by close to end the day down by only 4 points. Value turnover remain at 8B with foreign funds still net buyers today by 1.5B.
As planned, I sold my AP and SCC today. I also had a GTC sell posting on EEI at 4.15, which got hit at the opening. (I think I was the first one sold for the day). I decided to buy PX when AT went berserk. I also bought more TEL. No selling below...3,000?! Hahaha!
The highlight of the day was AT and FGEN. Notice, their prices are close to each other. My trader seatmate and I were saying that they're on a race to 15. He day traded AT and took a position in FGEN. I stuck with AT, so now, the race begins! My bet is on AT because unlike FGEN, AT only made its first big move today. FGEN has been taking wild leaps for three days already. Anyway, sometime after the race to 15 has been established, a new contender showed itself. PX! It did so by rallying to as high as 12.76. It has yet to convincingly break above 12.70 but the setup looks promising. Shall I see you at 13 tomorrow, PX?
By the way, meet BJ. He'll be posting some stock picks in a while. :)
0 comments:
Post a Comment