Bloody Hell!!!

The last weeks of May turned out to be a bloodbath as "Hot Money" flowed out from the Philippines. The Mokong is currently experiencing massive paper losses.

Weekly Review 20130519

PSEI

The week started with the Index reaching all time highs at 7262.38 to 7392.2. Most have already disclosed their corporate earnings, providing legitimacy to the strength of the Index. However, with no other catalyst seen in the near future and with the start of the boring months (May to August), many took this opportunity to take profits.

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WEB

The Mokong unloaded half as WEB may have entered consolidation.

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LPZ

The Mokong had to cut-loss LPZ since both horizontal and uptrend supports were breached.

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PF

The Mokong unloaded half of its position in PF due to uncertainty brought about by the news that SMC may be selling a portion of its stake in PF to support expansion in its other businesses. The last time SMC sold PF shares was at Php240/share to comply with the required public float.

HI

The Mokong took some profits in HI; still holding more than half.

FLI
The Mokong unloaded all of his FLI after the Index showed weakness. But as the week progressed, FLI bucked the trend of the Index closing at Php 2.22/share. #congratstoholders

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PIP

The Mokong bought a small portion of PIP due to its inclusion in the Small Caps category of the MSCI. The stock has been consolidating since the start of this year and with this MSCI inclusion together with strong consumer sentiment, the stock would hopefully break its slumber.

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ANS
The Mokong bought a small position in case the stock bounces from its horizontal and uptrend support.

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Weekly Review 20130513

It was surprising that the index did not fill the gap created after the Investment Grade Rating upgrade by S&P. The culprit for index' resilience may be due to the strong Q1 earnings of most listed companies. Will we wait for August for the Gap to be filled?

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WEB

After news that the freeze order on Ongpin's bank accounts were lifted, the Mokong bought WEB anticipating that jockeys would use this issue to pump the price. It has already been two consecutive trading days of gains. How far would they jack WEB?

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HI

While there was a slight rally on EEI last week, HI did the opposite. It seems that someone using BPItrade was unloading HI forcing the stock to close at Php7.6xx/share. The Mokong took this opportunity to increase his position. The stock is at both horizontal and uptrend support.

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RCB
After creating the Cup and Handle pattern, RCB is nicely moving within an uptrend channel. The Mokong bought back some RCB shares.

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LPZ

LPZ moved sideways this week threatening to break support. #anxiousmoments

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