Disaster Day

I lost 1.5% on a 10% position on LND. What a hit! Really, I can't help but scratch my head. How could I have let it go this far? This is by far the worst decision I have made this 2011. What a way to end the month! I was careless. I now have zero positions, BTW. Well, considering the market was down 2.2%, I'd say my -1.5% is okay nalang. I also earned some tea money with my PNX position too. It's still too small to counteract the -1.5% but okay nalang. 

Today, the market barely rebounded. After a nose dive, we consolidated at the lows for the rest of trading. Sure, we came from a low of 100 points, and we were able to close the day just down 88 points. But seriously, you call that a bounce? I don't. :P 

I noticed something yesterday and it moved today: TA. Could it already be ready to trend up? It closed below resistance but very, very promising! I guess we'll see tomorrow. Our selective market just became even more selective. Hmm... 

Boo Boo

Sorry, I haven't been posting for the past few days. This week has been a bit hectic. Anyway, last time, I said was going to take a break but...I couldn't help it!! Hahaha! I bought LND and LR. This is actually kind of like a break for me already. I didn't trade so much. I just watched two issues. LND and LR had a good run. I was able to get out with some profit. My boo boo was buying back LND yesterday at 1.44 and 1.45. I wanted to sell today but I didn't go to the office and I was kind of trading blindly. I couldn't see the postings. I was just looking at the intraday chart and had some sell orders posted. I should have just sold it down like I normally do. Argh! I guess we'll see on Monday. Anyway, I am happy to report a 10% return (ytd) from my total portfolio. Considering the market is down 5.6% ytd, I'd say I outperformed the market (so far). I hope I can keep this up. It's definitely a very, very tricky market.

Horror Story

It seems like resistance around the 4,000 level is holding. Tan-dun-dun-dun! :-S

LND Saga continues..

PHISIX Update

I just realized that I am very worried about the index. To tell you the truth, I haven't been looking at the index. It was moving sideways when the stocks I was playing were trending up. Of course, you trade the stock, not the index, that's why I haven't really paid that much attention to it up until now. I wanted to see how deeply we were buried in sh*t. :P 

In hindsight, the market gave us a sell signal when it first made a long black candle last January 18. It actually hesitated the day before. Seeing what the market did on January 17, you ought to have been more cautious since it made a potentially bearish spinning top close to resistance levels. January 18 confirmed it. Hmm... I was reviewing my ledger and I noticed I closed all positions last January 18. I shouldn't have touched the market anymore after that! :)) But, like I said, I was trying it out with the trending stocks. They became choppy given the more dominant bearish sentiment. 

Anyway, back to the index, we were given another sell signal when the PHISIX broke it's previous low and trendline support of 4008. I guess we can round that off to the psychological 4000. Today, we are retesting the index's previous all time high of 3896. 

I noticed something with all-time high plays. You remember AP, AEV, JGS, DMC, AGI, PCOR, EDC right?  What is the odd man out in that list? EDC. All the rest made smooth, resistance-less moves while EDC made a bull trap by breaking above its all time high, then breaking below it again. Sure, EDC was able to climb back up to 6 but with much difficulty. I'm not ruling out the possibility that EDC may tread new highs but all I'm trying to say is, for an all time high play to have that resistance-less feel, it should no longer threaten it's previous all time high. AP, AEV, JGS, DMC, etc. breezed past their all-time highs. It never looked back. EDC looked back. Now, the index is also. So, based on this kind of move, I am not expecting an uptrend or momentum to build in the index. Best case, we are looking at a sideways move. But the market is actually already trying to start a secondary downtrend with trendline support at 3800 to 3750. 


Sell on strength. 

Chasing Pavements

"Should I give up or should I just keep on chasing pavements, even if it leads nowhere?" -Adele

For the past few trading days, I feel like I have been 'chasing pavements'. This endeavor has proven to be unproductive and unprofitable. I think I am more convinced to take a break—a longer break than just my usual intraday break. 

Today, my plants wilted. I decided to cut them all down; LND with minimal injury, APC with a first degree burn. I still have PNX and DFNN, both closed around my cost today. Hmm... I think I'm expecting to get more than what the market is willing to give. So, let's cool off for a while, Mark*. It's not you, it's me...Wait, it's you!! 

*Mark is short for Market, Stock Market

Bears vs Bulls, Fight!

There's something in me that is still optimistic with Ms. Market seeing that the PSEi 2-yr uptrend line is very much intact. I hope hindi lang nya ako pinapa-asa and I'm not on denial stage. :)

Anyway, I still have my long positions in NIKL, LND and have a new baby PNX. As long as my stops aren't hit, I will hold them. That's what discipline is all about. No panicking! There are still strong ships out there, if you'd ask me. I see BEL, LC/B, PNX, and NIKL as the mighty warriors of this bloody market and would be a good idea to buy their dips.

The perfect scene of a fight between bears and bulls is in LND. The weekly chart has a black spinning top with very looong wicks, talk about volatility! Daytraders probably had one hell of a time but I am only a spectator (with LND tickets of course) and just got myself amused with the fight. It's like boxing, would you prefer to be in the ring or relax as part of the crowd? :)) Let the match continue next week! Have a very relaxing weekend!

Quit Playing Games with my Heart

LND still has a looong way to go

All the while I thought LND was doing unchartered territories. But upon getting a 15-yr historical data, I was surprised. Wahhh! It's record high is 10 pesos in 1996! More reason to sit tight with my positions below piso :) and wait another 10 years? for a 1000% profit potential? hahaha!

See where the next resistance is? >:)



Christina has a plant. I have a seed. :p

Plant #2