The Panix Button

Coming Soon

2011-01-19T13:42:00.001+08:00

Wow, it's been more than a year. Had some good runs lately....it's time to activate this blog again.

DFNN

2009-05-20T20:40:00.003+08:00

For much of 2008, this stock had been on a downtrend. Not until recently, it began showing signs of reversal when it broke above its trendline when it closed at P5.10 last Apr. 17. It continued it surge before consolidating in a pennant formation.

I believe it did broke out yesterday when it closed at P8.10 and today's closing at P8.30 affirms that it indeed broke out as it was coupled with volume. I'm looking at a target above P10. I see however weak resistance on its way to that target. Just look at those volume...they we're thin.

JG's Summit?

2009-03-03T18:02:00.003+08:00

Despite a generally down market, JGS seems to defy gravity. A quick look at its chart shows that it's forming a cup and handle formation with a breakout point at P2.90. However, with the Phisix breaking down from its consolidation pattern today, we could just watch and observe how this stock will behave tomorrow.

Tuna Breakout?

2009-01-08T19:15:00.006+08:00

After 2 months of waiting, it looks like Tuna just broke out of consolidation. It has been forming an ascending triangle formation since the middle of last year and failed to break the resistance at P1.62. Today's closing at P1.80 with decent volume just broke that line. On top of this, it likewise broke out of it's long term downtrend line. It is now trading above all moving averages; MACD pointing upwards and is now above the zero line. Looks like bullish to me. Initial target price...at P2.10. Hopefully, it swims further.

TUNA Watch

2008-10-30T18:28:00.005+08:00

TUNA has been consolidating in an ascending triangle pattern since mid September. It's been trying to break the resistance at P1.42 a number of times already. Yesterday it tried to break out but closed at the resistance line. Today, it managed to close at P1.44 to break out from that resistance line. I'm concerned, however, in the lack of volume.

But what's worth noting is that it's now currently trading above the 50 & 100 day moving averages. MACD likewise have gone slightly above the zero line. Tomorrow could be a make or break for this stock as it tries to break out of that triangle. Watch out for that volume.

Mega No More

2008-10-24T19:48:00.004+08:00

Well, it's not just this stock that's battered. Almost, if not all of the PSE's. But sure enough, this came not without a warning. When this broke down from a double top formation early this year (see earlier post), I plotted the target price to be below P1. At that point it's probably hard to believe. But if you follow your technicals, this shouldn't come as a surprise. Today, MEG closed at P0.76, even below the target price and could possibly go down further.

Remember, even Mt. Everest can sink in the Mariana's deep trenches...

MIC My Day

2008-09-24T16:26:00.004+08:00

Is this a reversal in the making? Looks like a head and shoulders to me. Watch out for a breakout above the neckline estimated at P3.15. MACD is about to cross the signal line.

Looks bullish to me. Attack upon breakout!

Last of the Lopez Stuck?

2008-07-25T17:10:00.005+08:00

I'm looking at various Lopez stocks in MER, FPH, and BPC and all of these has rallied from its recent lows. Looks like FGEN has been left behind. Chart seems to be looking good as it has formed what I see as a bullish descending wedge. Yesterday it traded highly with 4.2 million shares. I'm waiting to see this breakout from this pattern. Buy if it breaks above P28 with volume.

Attack upon breakout Monski!

It Wasn't Hot After All

2008-07-21T18:35:00.005+08:00

What happened to LIHC last week was a false breakout. After peaking at P10.50 last week, it decided to consolidate further within a symmetrical triangle. I thought we reached the apex of that formation last week? Well, here we are again as it approaches the apex of yet another triangle formation. Buy if it breaks above P10 with volume. Cut loss if this dips below P9.30 which is its current support. 50 day MA has just cross the 100 day MA. Bullish?

Some Like It Hot

2008-07-15T16:57:00.005+08:00

While the PSE index is taking a beating, a number of 3rd liners have taken center stage over the last few trading days. Just look at ISM, PA, AJO, the GEMINI stocks to name a few. One stock I'm looking now is LIHC. After liquidating much of my holdings, I got tempted to buy some of this issue. A look at the chart shows that it broke from a symmetrial triangle formation. Although the breakout happened near its apex, it has been accompanied by a surge in volume when it closed yesterday at it's high of P9.80. Today, low is at P9.9 with a high of P10.50 and with a higher volume. I managed to snatch some at P9.90 and P10 before it closed at P10.25. MACD is still above zero and about to cross the signal line. Target price is at P15. I see resistance however around P11.25.

Let's see how this develops. Good luck to all holders.

Cash Is King!

2008-07-02T17:15:00.006+08:00

Unless you're trading in a market where shorting is allowed, it would be best to stay away from the market right now. A look at the PSE index shows that it has more room to drop. I'm looking at the 2100 level for now. But who knows what's going to happen after? Generally so hard to find wins during this downtrend. I remember early 2007, even without the aid of charts, I managed to harvest some decent gains. Thanks to that bull run (that was about to end). Now, the story is different and the best defense for now is to stay away and preserve that much needed capital.

Let's See MWC

2008-06-24T20:45:00.007+08:00

Manila Water. This stock had been on an uptrend for much of 2007 before moving sideways at the start of 2008. It has been consolidating in a triangle and appears to have broken from that formation today when it closed at its high of P18.25. However, volume is still suspect but MACD now oscillating above the zero line. Almost all stocks in the PSE have fallen. Looks like this water is resilient. Water proof?

BKD On My Watchlist

2008-05-27T18:38:00.004+08:00

Bankard, Inc. This just caught my attention today because of its ascending triangle pattern. It had a false breakout last May 14 when it hit an intraday high of P1.60. Today, it closed at P1.50. We need to see it break that P1.60 with volume to confirm a breakout from it's pattern. The price is almost at the apex of the triangle pattern so let's see how this fans out. Will attack upon breakout.

What's AP?

2008-05-22T18:50:00.005+08:00

Aboitiz Power. This stock has been moving sideways in a triangle formation since its market debut. A look at its chart from March 2008 onwards shows that it's been forming a bullish ascending triangle formation with P5.20 as its resistance. Today's price action saw this stock hitting an intraday high of P5.30 before settling at P5.20. Trading volume has likewise increased over the last 2 months. Can the resistance be broken? Let's watch out. Attack upon breakout!

OVer The Hump?

2008-05-08T18:55:00.005+08:00

Did OV break out today? A look at my chart shows that it did break out from an ascending triangle formation. Volume was quite heavy with a turnover of a little over 1 billion shares. Now, we need to see if this run is sustainable. Cut loss if it falls below support which is supposedly now at 0.031. Target price? 0.037.

Today's Top Gainer: VLL

2008-04-28T16:14:00.007+08:00

All of a sudden, Vista Land breaks out of the pattern; a bullish descending wedge formation. Just need to see the volume pile up to confirm its breakout. Now on my watchlist.

My Eye on BPI

2008-04-18T21:22:00.010+08:00

Why haven't I been looking at any financial issue? Because this belongs to one of the battered sectors (well, aren't they all battered?) in the financial markets. Almost everyday however, I interact with this company. My ATM, my online stock brokerage, our company's disbursing account, to name a few. So why not take a look and see what this has to offer. This is what I've found. Intermediate trend is still on a down trend. However, since mid March, it has been on a steady climb. From a low of P47.50 last March 18, it went to a recent high of P56.00 registered last April 2-4. It has been slowly going down since then till today's low of P53.00. Looking at the chart, it seems like it has formed a bullish flag. Today's low and close is at the 38.2% retracement. We might see a bounce from this level as shown in several times it hit lows of P53.00 which could be a strong support. I've looked at the MACD at these times and it's been going up at each instance. What I also like is that the MACD line has crossed above the zero line. Volume also increasing. Could it just be taking a pause before it resumes its uptrend? I'll wait till this breaks out of that flag formation. Attack upon breakout!

Ready for RLC?

2008-04-18T19:31:00.005+08:00

Is reversal in the works for RLC? This stock has been on a downtrend since October of last year. From March of this year, however, I see a steady increase in volume. Yesterday, it tried to break out of its resistance line (shown in red) when it opened at P11.25 but due to lack in volume, had to settle at the day's low of P10.50. Today, it's been steady at that same price and is now sitting right along that resistance line. I'm likewise seeing what appears to be an inverse head and shoulder pattern, a reversal pattern. Looks like a good mix for its increasing volume. Attack upon breakout!

AT It Again?

2008-04-18T18:49:00.009+08:00

Atlas Consolidated Mining. The stock has caught my attention 2 days ago when it surge from a low of P10.25 the previous day and hit a day high of P11.50 before settling o P11.00. Today, it's been steady at P11.25 despite a down market. Upon reviewing my chart today, this is what I see. Could this be a double bottom formation in the making? This formation is confirmed once it breaks the neckline at P11.75 - P12.00. However, it still needs to break that resistance line as shown by the red diagonal line. MACD line is sloping upwards and is now near the zero line. Volume for this year has been steady though not as high as last year's. Let's see if it can take out that resistance. Attack upon breakout!

Tuned In For TUNA

2008-04-05T10:36:00.008+08:00

Alliance Tuna International. From June of 2007 till mid January of 2008, TUNA had been on a down trend. It's been the opposite ever since and is currently consolidating after its recent high of 2.16 achieved last March 5. A look at the chart shows that it's been forming a bullish inverted head and shoulder pattern. Buy when it breaks out of the neckline (see red horizontal line) coupled with a sharp burst in trading activity. Before it does so, it needs to break its major resistance line as shown by the blue diagonal line. If it does, it would affirm the bullish sentiment for this stock.

Today's Top Gainer: CEI

2008-04-03T14:32:00.005+08:00

One stock I've been following for quite some time now (see my earlier post on CEI) as I took position on this last January 18 after the stock split. Turnover after however was very slow. It was a wrong decision to enter then as the stock hasn't broken out from any pattern. I was just anticipating that the handle of the cup formation was being formed from what appeared to me then as a descending wedge. Today, after holding the stock for more than 2 months, I decided to post sell my position at 0.08 prior to my meeting at 9:30 am only to find out later that it went on a rampage today. Whew! Talking about timing huh? Well, am not sad at all as this stock has gone out of hibernation and perhaps on its way to forming this beautiful cup and handle formation. Breakout point is estimated around .01-.011. This stock could be very rewarding when that happens. With the volume exhibited today, maybe it's not yet late to join the ride tomorrow for Crown Equities could be a jewel in the making.

Care For COAT This Summer?

2008-03-27T20:43:00.007+08:00

Chemrez Technologies. I've been closely watching this stock lately. It has been forming a bullish descending wedge pattern with breakout point around P3.00 - P3.05. Notice the volume during this descent. Sign of increased activity? On the otherhand, MACD has been sloping upwards which is a bullish sign. Looks like signals for a buy - upon breakout of course.

Today's Top Gainer: NRCP

2008-03-26T21:18:00.003+08:00

NRCP today managed to post a gain of 18.75% due to a surge in demand for this stock. Chart shows that its close at P2.85 is still within its descending wedge pattern, a bullish signal. MACD line has crossed. Due to its strong closing, we might see this bullishness continue tomorrow. Buy upon breakout above P2.85.

SMIC

2008-03-18T17:53:00.004+08:00

SM Investments Corp. Today's price action shows SM hitting an intraday low of P250. It is now sitting at a critical support as shown by the line connecting the previous years' highs. However, what now stand along its way is its head and shoulder reversal pattern which was formed recently. Should this critical support is broken, we might see this stock heading to an all time low. Target price around P200 level.

Can't Tell for ETEL

2008-03-08T10:15:00.011+08:00

Etelecare. Just like PSPT, ETEL is another BPO company whose major operation is located in the Philippines. My review of its chart shows that it has broken down from its descending triangle formation last Feb. 22. when it reached a low of $7. It currently trades around $6.37. Support is virtually unknown. However, looking at the chart, I see this heading down to a target price of around $3. This would have been a good shorting candidate. For those looking to go long on this issue, I say avoid this for now.

Will Support Hold for PeopleSupport?

2008-03-08T09:12:00.006+08:00

Exactly a year since PSPT had a major gap down in its stock price, today's action shows PSPT gaping down again. From it's previous day's close of $11.40, it opened today at $8.11, further dropping to a low of $6.77 before closing at $8.20. A close look at the chart though shows that today's closing sits along PSPT's support line. However, that having been pierced during the day with huge volume, the support line is now in suspect and could turn out to be the new resistance, a role reversal. Given that PSPT is considered as one of the leading BPO companies operating in the Philippines, will other BPO stocks like ETEL, PAX, or even IP be affected by this recent price action?

By the way, its stock price now is less than 50% of what IP was offering just a couple of month's ago. I wonder how shareholders are feeling about this.

Leisure Resorts

2008-03-06T18:20:00.005+08:00

Will this be a great summer courtesy of Leisure Resorts? This is one stock I'm watching right now. It has been on a downtrend since April of last year and just about this year, it seems like it's starting to make a reversal. From the chart, I see an inverted head & shoulder pattern in the making. Breakout point is at its neckline around the P2.90 level. Today's close of P2.60 is above its 65 day MA and slightly below its 130 day MA. MACD above zero. I see resistance though at the P2.70 level. Good entry point would be upon breakout at P2.90 - P2.95 level. Is the long wait over for LR?

PEP Rally

2008-02-25T20:06:00.004+08:00

PEP is currently on an upward trend despite the weakness in our market. Last Friday, it reached a high of P1.46 before closing at P1.34. It's MACD above zero and pointing upwards. It is now poised to take out its 52 week high of P1.52. A look at the chart however shows that the last time PEP reached P1.50 was way back July 13, 1999. Thus I'm seeing a cup and handle formation in the making. Breakout point is above P1.50/P1.52 and I see an upside of at least P1.00 equvalent to around a 66% return. Are you ready for a PEP rally?

MEGa Bear

2008-02-22T21:30:00.009+08:00

I see another double whammy for MEG. It's failure to breach past P2.70 for four days last week eventually led to its breakdown. Not just a breakdown from its ascending triangle formation it had been forming at that time, it likewise confirmed what I see as a double top formation, a bearish pattern. Target price? Piso??? On a side note, I've seen a similar pattern below in EEI (see my previous post). Though I expected EEI to break down further, it actually reversed and broke above its neckline. Bad call? I don't really know. Let's see if MEG can recover.

SINO Takes a Breather Too

2008-02-18T21:54:00.005+08:00

The pattern looks familiar (see post on CMT below). This stock is attempting to breakout from what I see as a descending wedge pattern. It is currently taking a pause after its run up two weeks ago. From what I see, it seems that it has formed a pennant, a continuation pattern. MACD is pointing upwards and about to cross the zero line. Looks like a runup is brewing soon.

CMT Takes A Breather

2008-02-15T19:31:00.005+08:00

After last week's successive run for CMT from P0.70 to P1.02, the market took a breather this week. A look at the chart shows that it has formed a bullish flag. Volume started to decrease at the start of the flag formation. I expect, however, volume to peak up upon breakout from this flag. Today's strong close could be a signal. MACD continues to point upwards. Let's see if CMT will resume its uptrend next week.

Will ROX Rock?

2008-02-12T19:38:00.000+08:00

Roxas Holdings belongs to one of today's top gainers. A review of the chart shows that it's been trying to breakout from an ascending triangle formation for the last 2 days including. No volume however was able to support that. It managed to close strongly today at P3.30 above the breakout point of P3.10. It's MACD above zero line and are now pointing upwards. It is likewise trading above its moving averages - a bullish signal. Will volume support it this time? If it does, target price for this stock would be around P4.10 level.

PSPT Revisited

2008-02-10T21:53:00.000+08:00

A look at PSPT's chart shows that it's target price has been achieved. Five trading days after breaking down from its ascending triangle pattern, PSPT went to as low as $10.76 before closing at $11.60. Its MACD in negative territory and is now pointing downwards. It is now trading below all moving averges. For the last 2 days however, it's been holding on to the $11.60 level. Let's see if this support will hold, otherwise, next support is around the $10.25 level. Let's see how PSPT develops into this coming week.

Brownout!

2008-02-09T09:15:00.000+08:00

A. Brown, Inc. - This week's review of my BRN chart shows that this issue is poised to go down. It had been consolidating in a bullish ascending triangle pattern. However, last February 6, it broke its support line when it closed at P3.80. It tried to recover the next day but couldn't go past P3.80 which I believe is now the resistance. Looks like this issue has weaken at the moment. Target price is around P2.70.

The WEB Breaks Out

2008-02-03T19:10:00.001+08:00

The first day of February brought WEB to one of the PSE's top gainers. A review of the chart shows that indeed a breakout occured from what I see as a bullish ascending triangle pattern. Height of the base is P0.009. Target price is projected at P0.049, a 14% upside from last Friday's close of P0.043. What makes this stronger is that the breakout was confirmed by a huge surge in volume. At the same time, I see it broke out from its descending channel pattern.

MERcury Rising

2008-02-03T08:52:00.000+08:00

MERalco appears to have broken out from what to me is a descending wedge pattern. It closed last Friday, Feb. 1 at its high of P84 coupled with its highest volume turnover since 9/4/2007. Looks like possibly heading towards the P100 mark but expect heavy resistance between P90 - P100. Will MER reach boiling point? Abangan!

No Support for PeopleSupport?

2008-02-01T21:00:00.000+08:00

Of what was supposed to be a bullish ascending triangle formation ended up in a breakdown situation for PeopleSupport. From its previous close of $14.03, it immediately gapped down to $13.75 before closing to $12.51. The bears have immediately taken over PSPT. I see this heading down to around $11.25.

After posting this chart, I learned that PSPT for the 2nd time rejected IPVG's revised takeover offer of $17 per share. Looks like the street failed to support it this time.

For IPVG, no effect whatsoever as it stays flat at P4.85 today.

BRN: Breaking Out?

2008-01-30T12:45:00.000+08:00

A close look at the chart indicates that BRN was able to breakout from the pennant formation. Volume was quite significant. MACD continues to trend up and way above zero.

TP around P5.75.

MBT

2008-01-28T18:55:00.000+08:00

Will support hold for MBT? Closed today at 44.50 and is still within that downward channel. Need to watch out that 41 - 41.50 level which lies along the major support line. A break below this could take this issue further downward. Take note of that previous breakdown from its head and shoulder pattern. Target price around 33 level.

Seems like risk outweighs the reward at this moment.

Why FLI Can't Fly

2008-01-28T17:28:00.000+08:00

Filinvest Land. Looks like I've seen this pattern before (see my post on COL). Everything looks bearish on this issue. Not only did it broke down from its head and shoulder pattern, it likewise broke its major trendline which dates back to 2003.

Looks like this is heading down to less than P1.

Ay Ay Ay EEI!

2008-01-28T14:47:00.000+08:00

The last 5 trading days show huge trading volume for EEI. Buying?

No way... Exit, Exit Indefinitely.

This is a confirmed breakdown from a double top formation, a bearish signal. MACD continues to slide. Looks like no stopping on this one.

So I say Monski, avoid this issue. Malalim ito.

Eyeing BPI?

2008-01-28T12:59:00.000+08:00

BPI has managed to rally and closed higher for 4 straight days. It eventually broked out from the downward channel and is now poised to move up.

TUNA On My Menu

2008-01-25T22:26:00.000+08:00

Tuna (closing at P1.66) has just been added into my watchlist. It recently broke out of its channel and the same time formed a long pole. It has been consolidating recently to form what I see as a pennant. Its MACD is likewise moving towards positive territory. A break above this pennant formation could take this stock to at least P2.20.

Tuna, anyone? Belly, panga, sashimi...

A Look Back At PSPT

2008-01-24T21:40:00.000+08:00

To all my friends at PSPT who may be planning of cashing their options, here's my personal/techinical analysis of PSPT's stock performance.

As you can see from the chart, the stock is moving in an uptrend channel. It's MACD is positive which is a bullish signal. It's current price above all moving averages; another bullish signal. Last Jan. 11, it opened at its low of $13.37 and hit a day high of $15.25 forming a pole. It subsequently consolidated in a flag pattern (likewise a bullish signal). A break above $14.38 could propel this stock to around $16 which is the resistance.

Well, a break above that $16 could take this stock further to new highs.

Looks like all the bullish signals for PSPT. So friends, will you cash in or hold? You have your options.

Crown Equities, Inc.: A Jewel In the Making?

2008-01-16T23:26:00.000+08:00

Today's bloodbath left a lot of charts dirty and ugly. However, there's at least one issue that was spared from the selloff. And that's because trading for this stock has been voluntarily suspended. As I study this chart, I initially saw a descending wedge pattern, a bullish signal. And then, when I zoomed out my chart, this is what I saw....

Whoa! isn't that a beauty? it's been forming a bullish cup and handle pattern. Upside is around P0.70 upon breakout and my personal target on this is at around P1.50. Isn't that exciting for a stock that closed at P0.55 last week before the trading suspension? Well, watch out. Trading is going to resume in 2 days...This I would love to play.

Up AP and Away?

2008-01-14T20:22:00.000+08:00

Is AP about to breakout from it's symmetrical triangle pattern. From the chart below, it looks like it's poise to. Just need the volume to confirm this. Let's see if a breakout is indeed in the offing.

DGTL Update 2

2008-01-09T19:11:00.000+08:00

Today DGTL opened at P1.60, dipped to a low of P1.54 and rebounded to close at P1.64. I reviewed my chart and confirmed that this issue retraced 50% of its prior uptrend thus we see that bounce after hitting the day's low of P1.54 (looks like a good buying opportunity, tsk tsk). It now closes slightly above the support line and could now resume its previous uptrend. Buy again?

COL's Collapse?

2008-01-09T16:45:00.000+08:00

I see all bearish signs to this issue. Not only did this formed a bearish head and shoulder pattern, it likewise broke down from its major trend line. Double whammy ito!

MIC Test, MIC Test

2008-01-08T22:02:00.000+08:00

Yesterday, MIC closed at it's low of P5.7. I thought that it has broken it's line of support. A look at my chart today shows otherwise. It is still in consolidation within a bigger triangle with breakout point at around P7.00 and support at around P5.70. I'll wait for that 7 before I take another position on this one.

DGTL Update

2008-01-08T20:55:00.000+08:00

Yesterday, Jan. 7, DGTL closed at P1.60 piercing the support line at P1.62. I now see this as the resistance where Digitel posted a high of P1.62 today. Let's see how this stock will trend after. I am now out of this issue (sabi ni direk...CUT!!!) but will continue to monitor for any sign of reversal.

A Closer Look at DGTL

2008-01-03T21:50:00.000+08:00

Digitel has made a huge run up during the last half of December 2007, closing strongly at P1.84 last December 28 coupled with huge volume.

I see that this has formed an inverted head and shoulder pattern which is a bullish signal. The last 2 trading days of 2008 however had DGTL on a downtrend with a low of P1.62 before closing at P1.68. Today's low of P1.62 touched the neckline of the head and shoulder pattern which is now the line of support. My personal target for this is around P2 and if this target is achieved, I see more exciting times ahead for this stock...just look at the bigger picture below...is that heading towards formation of a big cup and handle??? Definitely one stock to watch out for.

What's Up MA?

2007-12-04T21:43:00.000+08:00

Manila Mining has been going into consolidation for quite some time but is now moving near its apex. Let's see how this unfolds.

Leap for Lepanto?

2007-12-03T21:23:00.000+08:00

It's a brand new month and a brand new week. Here's a new issue that caught my attention today, Lepanto Consolidated (LC). It seems like it has formed an ascending triangle with resistance around .54. See that volume increasing? MACD is bullish. Stock price is currently above all moving averages. Break out in the offing?

APX at its Apex?

2007-11-28T21:17:00.000+08:00

Today, I sold all my holdings in PA despite the fact it opened higher at .225 (from close of .220) and even closed higher at .230. Despite taking a minimal amount of loss, this allows me to protect my previous trading gains on this issue.

PA continues to trade sideways and is just at the tip of the symmetrical triangle. However, volume I believe remains to be low and decreasing. I wonder if it could attract at least 1B shares to support a breakout. But if it does happen, I'll be there to pounce on it. I'll stay liquid for the moment.

Today, I was tempted to buy a few board lot of a mining issue, APX. It hit a 52 week high today at 7.20 before closing at 6.70. Looking at the chart, it looks like it has formed broken the resistance line. I just don't know if the last 2 day's volume is enough to hold this trend. MACD however, shows a bullish trend as well.

"Good luck to me on this issue."

San Ka PA Pupunta?

2007-11-27T20:13:00.000+08:00

Pacifica managed to close today at .220 after having traded lower the last 2 trading days. It still moving within the triangular pattern. Let's see how this drama will unfold the next few trading days as it nears the apex of the triangle.

"Parang match na match ang bears and bulls at this moment."

What's Up PA?

2007-11-24T09:12:00.000+08:00

PA managed to open at the previous day's close but failed to sustain previous day's momentum. In fact it did went down to as low as .210 before closing at .215. Could this be a start of a reversal? A lot is expecting news from yesterday's ASM. I haven't heard of any as of this writing.

I'm at the crosssroads right now. I believe support right now is around .200 - .205. If this doesn't manage to recover by Monday, I guess it's goodbye PA for now.

PAnix Buying!

2007-11-22T17:50:00.000+08:00

Last trading day before US Thanksgiving holiday, the DOW once again plummeted taking the DJIA down by 211 pts. to 12,799. So I expected the PSE to follow the same route. Last night, while I was writing my post, I was already contemplating of exiting the stock market temporarily. The bears have taken over this week. Likewise, other posts in a popular stock market forum all have the same sentiment, get out.

So my plan for the day was to take everything out except for this issue, PA. First to go was MEG (sold at a loss) and then AJO (went up 5% today, sold at its high, but still a loss). Seeing .220 on the ASK side, it prompted me to buy more PA as I think support is strong at .225 the previous days. I was able to add at .220 and .225 to my position. PA went to as high as .235 today and strongly closed at .230. Not a bad move after all.

However, this remains to be seen tomorrow, PA's ASM. A lot of PA supporters are bullish (and so am I). For now, I have around 29% of PA in my portfolio and this is the only one thats positive at the moment. So good luck to all PA holders. Tomorrow is the D -Day? I hope not a case of pump then dump. Be careful panix.

How's my PA?

2007-11-21T13:22:00.000+08:00

Well, I failed to attend to my trades today. But let's look into this one issue I've been following for the last 2 days - PA. After closing yesterday at .235, it strongly opened today at .24 reaching a high of .245 before closing at .23.

Yes, down by .005 or around 2% from yesterday's but I'm not worried. It formed a higher low and a higher high today compared to yesterday. To me, that's still a bullish sign.

Two more days before its annual stockholders' meeting. Will demand pick up tomorrow? I'm excited.

PA to the Rescue

2007-11-20T17:22:00.000+08:00

Last night, DOW was down 218.35 points. So I expect another shaky trading today. I set my sights to one of my favorite trades, PA. I feel that this stock is still in an uptrend and any sell down today will pose a buying opportunitiy for me.

It opened at .215 but immediately went up to .220. My post buy of .215 wasn't hit so I had to settle at .22 going into the first 30 minutes of trading. Sabi ng isang blogger, last sale na daw ito before ASM, 3 days from today. Not really relying on this statement but on the chart I was looking. I felt it started to break out of the symmetrical triangle (my personal opinion as I'm just a novice in stock trading) having reached .245 yesterday and with volume.

I guess demand was strong today that this stock closed at .235. And that's bought within the last 2 minutes of trading. Enough for me to be smiling as this is one of the top gainers for the day. And how about my other stocks in my portfolio? Don't ask, they're all red.

The Panix Button

2007-11-15T12:24:00.000+08:00

My very first post and I aim to document my venture into this crazy world called the stock market.

After getting the proceeds from my stock options last year, I decided to put these back to where it came from, the stock market. Thus started my rollercoaster ride into this carnival. The very first stock I dig my hands into is FLI (bought last March 22, 2007) which I sold for a gain of guess what, P38.77.

After months of trading, how am I doing as of this writing? Bad, bad, bad. Lost much during that subprime crash. Well, all's not lost. So here's the challenge: to become a better and smarter trader this time.

Last week, I joined a seminar conducted by Absolute Traders and I hope this will be a good starting point for my quest of beating the odds in the market. Let's see how it goes. So panix, don't push that panic button just yet!