Stock Picks: MEG, looking forward to it!
When I started to join the stock market last June 2009, I was advised by my mentor to buy Megaworld (MEG) and Manila Water Company (MWC) stocks. I initially acquired 5000 shares of MEG at P 1.12 and 100 shares of MWC at P 14. And on July 7, 2009, I stopped buying MEG shares as I don’t have funds anymore. Actually, just exhausted my salary payout with some stuff. As of August 3, 2009, I sold out all my shares of MEG and retained my MWC shares. In the span of 2 months, I got 30% profit/gain from what I initially invested for MEG. That’s why I got saving my money thru this scheme.
I acquired a total of 43000 shares of MEG at an average price of P1.092857 with a gross amount (excluding tax) of P 46,240. On August 3, 2009 at the peak of its high price when the local stock market seems bullish with its up trend in all major shares, I decided to sell all my MEG shares at P1.42 and it gives a gross total sale of P 59660. So that’s a 30% profit-taking!
Days after I sold all my shares at MEG, its NAV went down to 1.38 and below. Currently, I have invested the other proceeds in buying shares from Filinvest Land Inc (FLI), GMA Networks Inc (GMA7), Philex Mining Corporation (PX), Petroenergy Reserve Corp (PERC) and Meralco (MER).
As of the moment, still waiting for MEG to go down like P 1.20 and I will definitely buy lots of shares at one time!
Happy Trading!-Bullish Trader
Categories: Investments, Savings, Stock Picks Tags: FLI, GMA7, MEG, MER, meralco, MWC, NAV, PERC, profit, profit-taking, PX, salary, Savings, selling stocks, Stock Picks, stock trade, Stock Trading, STOCKS
Will Philex Mining (PX) follow Meralco (MER) trend?
Big time stock market veterans might be on the verge of bid war in acquiring shares of ownership with Philex Mining (PX). Be expecting the two big group who are suspected to be responsible on Meralco’s (MER) sudden boom in price value for the past months will continue to do some bidding business!
To quote a post from pinoymoneytalk.com”
In just one week, the price of PX has ballooned by 36%, closing today (August 11) at P10.75.
Look at the recent 3 trading days’ price increase of PX:
* August 7: Closed at P9.00; up 13.9% from previous trading day
* August 10: Closed at P9.90; up 10.0%
* August 11: Closed at P10.75; up 8.6%
Are you interested in buying PX now? Buy at 10.50 or below. Target to sell at 12. But hold to buy at 9 just in case it goes south. Note, PX is quite into the bullish trend and our current market is not yet so BULLISH yet. So how much more if it is? Profit! This is just my view, if you take it, it’s up to you. Happy trading!
Categories: Hot Topic, Stock Trading, Technical Analysis Tags: Arroyo, bullish, bullish market, buying stocks, cash, equities, equity, GMA, INCOME, MER, meralco, money, Philex mining, Philippines, President Arroyo, profit, PSE, PX, selling stocks, Stock Market, stock trade, Stock Trading, STOCKS, today's buzz