APX at its Apex?

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?

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?

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!

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?

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.