BUY GERI!

BUY AND HOLD. CUTLOSS IS 1.29
TP IS 1.6-1.8

Reconstruction activities covering the destruction caused by Typhoon Yolanda in Central Philippines and strong consumer spending on the back of remittances and the boom in business process outsourcing (BPO) sector will fuel the Philippine economy to keep growing in 2014.

 

While 2013 was arguably a stellar year for what was previously tagged as the “Sick Man of Asia,” the year was punctuated by external headwinds blowing in the form of the US Federal Reserve tapering and the budget crisis, plus the conflict in Syria, that spooked foreign funds to flee from emerging markets, including the Philippines.

 

The domestic front was also marred by gut-wrenching natural calamities: a 7.2-magnitude earthquake and the killer Typhoon Yolanda. The disasters raised concerns over the economy as economic managers noted the impact of Yolanda alone could shed a percentage point from the gross domestic product (GDP).

 

However, a sense of optimism seems to prevail particularly among market participants.

 

“These problems are temporary... we will see light at first quarter of 2014,” Harry Liu, president of Summit Securities Inc.

 

read more

http://www.gmanetwork.com/news/story/341918/economy/business/reconstruction-weak-peso-among-phl-economic-drivers-in-2014

MINING STOCKS???


2014 is the year for mining if 1200 holds.
watch out for mining this year.

just take a look at other mining stocks of PSEI like AT.

AT - Atlas Cons. Mining and Dev't Corp. BUY | SELL
14.98

(+3.03%)



today, AT closed at 14.98, up by 3.09%! what about LC and lcb and PX???
LC is now at .3 which is the support. it is a good buy for LC as long as .3 holds as well as LCB. for PX, 7.8 is the support.
buy buy buy and hold. this is just my opinion for mining stocks.

after all,i dont believe that gold and silver will lose its value in the long run.

We saw the index last week dropped at 6642.27. are we still on the bullish side of the market? in my opinion the 6500 support should hold. what happened last week was a correction but if this will last for 2months or more than 2 months, then we can say that our market enters the bear territory.

ill give my chart for your reference

What are we going to do? maybe some people might wanna ask this question. sell your shares like EW MBT BDO PNB BPI and some blues which are overbought before it is too late. when we say overbought, it means that the RSI reached 70 or above. you may look at your chart indicators and choose RSI so that you can see a clear picture of what i am saying.

OR

You should always check your stock's support. a trader should see if he or she will still hold his/her stock after reaching the overbought level of the RSI. This is very important to all investors. patience is not applicable here. if the price reached its maximum, then you should sell.



let me share this to you

"The game taught me the game."  -JL


what a beautiful quote from Jesse Livermore.


enjoy trading guys.
Good luck!

Bear Market for the PSEI

Yesterday we had a red index and i am expecting this to continue until it hit 6k which is the initial support for the index.

Let us see what bear market is

Definition of 'Bear Market' A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining. As investors anticipate losses in a bear market and selling continues, pessimism only grows. Although figures can vary, for many, a downturn of 20\% or more in multiple broad market indexes, such as the Dow Jones Industrial Average (DJIA) or Standard & Poor's 500 Index (S&P 500), over at least a two-month period, is considered an entry into a bear market.

Investopedia explains 'Bear Market' A bear market should not be confused with a correction, which is a short-term trend that has a duration of less than two months. While corrections are often a great place for a value investor to find an entry point, bear markets rarely provide great entry points, as timing the bottom is very difficult to do. Fighting back can be extremely dangerous because it is quite difficult for an investor to make stellar gains during a bear market unless he or she is a short seller.

It says here that it should not be confused with a correction, which is a short term trend that has a duration of LESS THAN TWO MONTHS. therefore, if the index continues to drop for two months or more than two months then we can say that we are in a bear market now.As i can see, the 6k support should hold. If not, we may see this index at 5800-5500

Chart Analysis of BSC

CORPORATE   PROFILE:

Basic Energy Corporation (BSC) was originally incorporated as Basic Enterprises, Inc. onSeptember 19, 1968 and became an oil and gas exploration and development companyon April 26, 1971, assuming a new name, Basic Petroleum and Minerals, Inc. Over theyears, BSC evolved from an operating company to a holding company under the corporatename, Basic Consolidated, Inc. In 2007, in line with the inclusion among its primarypurposes the production of ethanol and other biofuels, and the development of otheralternative and renewable energy sources, the Company changed its corporate namefrom Basic Petroleum Corporation to Basic Energy Corporation.As a holding company, it held equity investments in the following subsidiaries: BasicPetroleum & Minerals Inc., an oil and gas exploration and mining company; BasicDiversified Industrial Holdings, Inc., an investment holding company; iBasic, Inc., aninformation technology management company and service integrator; SouthwestResources, Inc., an oil exploration company; Basic Biofuels Corporation, biofuelsdeveloper; and Basic Ecomarket Farms, Inc., an agricultural company.


Recommendation: BUY
stoploss is .2499

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Watch me playing forex live!
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