Posts Tagged ‘STOCKS’

Stock Market Investing Tips and Seminars

Have you already heard people say that you can make a lot of money in stocks ? Well such rumors are not false at all. If you know how to invest in stocks, you can make lots of money.

For 2009 the Philippine stock market exchange index was up by more than 60 %. If you had invested in the stock market January of 2009 until December of 2009, your 1 million peso investment would have gained you more than P 600,000.00 !

Warren Buffett, is undoubtedly the world’s best stock market investor and perhaps the only Read more…

How To Invest Stock Market?

To invest stock market one is not qualify when he can have faint of heart.

Read more...

Unless your parents are rich don’t follow what they did

“Unless your parents are rich don’t follow what they did.” Bang!!! It hit me hard when I heard that. Does that mean I won’t follow them because they are not rich? But think harder. It’s not what it meant.

We love our parents. They deserve our respect and they are to be honoured. The statement probably mean about their financial strategy and most of them failed during their early age and reaped the rewards in their old age and we are also hurt seeing them having financial trouble.

You will hear a lot of parents saying.

” mao ra jud ni ako ikahatag ninyo kay pobre tah.”
“ito lang ang kaya kong ibigay. pasensya na kayo kase wala tayong pera”
“gamay raman ato sweldo”
“kulang rajud ato income”

If you look at it, and study the phrases carefully, you will see why they failed. And if you are saying the same thing, you are most likely on the way to what they are in their old age.

The world is changing very fast and everything has turned out to be competitive and if you are not able to cope with it you are most likely will be left behind and end up broke.

Sometimes its not about your Position held in the corporate world. Would you be happy as a MANAGER or even the CEO but broke financially? You need to have someone from the financial industry who can sit down with you and teach you how and why you need to save, invest and increase your income.

Some of the advices our parents tell us is no longer applicable today. Come to think of it. You would rarely see someone use the type writer or write a letter and send it using the post office.

If someone would talk to you about MUTUAL FUNDS, STOCKS and INSURANCE most likely your parents would have goose bumps. It’s new to them but something you should learn and even teach them.

Don’t ever mock and scorn at your parents on their failures. It may not be their fault because no one taught them how to do it. It’s your chance to help them. Learn about the financial industry and tell them how good it is and how it can help you solve the financial difficulty the family is experiencing.

One fault is to refuse or procrastinate savings. “How can We save if our Income is never enough?” Then do something about it. You have to increase your income to fit the size of your needs if you can’t lower your needs. Either you see yourself buried with tons of debts or filled with savings 3-5 years from now. Your decision today will shape up your future.

Live within your means or increase your means and save. How fast can you increase your means? Where and how would you like to start?

IMG has a powerful system that would allow you to increase your means with a flexible time, commitment and schedule. Act now.

By Jhade

Sell your PX shares!


Eliminating the “swing votes”. Philex’s CEO Walter Brown and Vice chairman Roberto Ongpin,
together with DBP, have agreed to sell a combined 452Mil shares or 9.24% of Philex to the First
Pacific Group for Php9.5Bil or Php21.00/sh. This effectively increased Fist Pacific’s stake in Philex
to 40%.
Expecting a correction in share prices. We expect this development to trigger a sharp
correction in Philex’s share price. The likelihood that there will continue to be a battle for control
is now very small given that the next biggest shareholder is SSS with a 22% stake. Any party who
would like to challenge First Pacific will have to acquire more than 18% of Philex in the open
market. This should prove to be a very difficult feat. We also do not expect any tender offer to
take place. First Pacific acquired its shares over a span of more than one year. Moreover, although
it is the biggest shareholder, it does not own more than 50% of the company. Finally, Philex’s
valuation is very expensive. Based on our estimates, Philex’s fair value is only Php6.90/sh, only a
third of the price paid by First Pacific.
Reiterating SELL rating. We have a SELL rating on PX given the stock’s unattractive valuation.
Although the recent rally in copper and gold price has improved Philex’s earnings outlook and
the viability of the Boyongan Project, the stock’s current valuation can not be justified.
Entry credit: CitisecOnline.com
Make your christmas a fulfilled one. Need of a business christmas gift? You better think right now!

Passive Income thru IMG

I didn’t noticed that I got two (2) unclaimed checks already from my sideline job as a broker of IMG (International Marketing Group).  I got my 1st check last June and from that, I started to get encouraged to work hard (but not really trying hard) as this passive income will sort of level to my active income from being a call center agent! At this point, my salary from my nocturnal job still pays good. But if you have all sorts of passive income like google adsense, stocks investments, brokerage, freelancing and etc. which I all have, isn’t it just amazing that when you aggregate your earnings from these income, it’s even more than my active income (salary)?!  So it means, I’m receiving double!

My previous articles stated ways to save money! Like, I did all learn about this financial education stuff when I joined IMG, April of this year! It’s when I started to know about the Rule of 72, Stock Investments, Healthcare, Insurance, Mutual Funds, Savings, Passive Income which I find it really helpful and important if you want to be wealthy! And yes, I’m so thankful that IMG is able to enlighthen me on that!

My dad has been a broker of IMG since 1997 and at that time, I was in high school then. He tried to convince me to join him but I just said a big NO. Later that I realize, when I’m already working, I came across that I have to really do something good for money. Like,  I have to save it where it could give me double or tripple or more interest of my money than saving it in a bank.

Yes, it took 8 years for me to realize that! And my dad just give me the freedom to choose to do what I want. Now, he is happy. I became a broker of IMG which is just a part time money venture for me but I consider it as an income generating which I would like to share with my fellow Filipinos.

What is IMG?

International Marketing Group is one of the few companies of its kind in the industry today – a marketing company that is dedicated to serving the financial needs of individuals and families from all walks of life.

International Marketing Group’s independent associates do not just work with clients who have large amounts of discretionary income – instead they work with everyday people helping them make critical financial decisions that help move them from where they are to where they want to be.

International Marketing Group is one of the biggest and fastest growing financial distribution companies in the US, Canada, Taiwan, Hongkong, Philippines and going worldwide. IMG has established agreements with many of the world’s leading financial services companies to provide us a broad array of financial products & services. IMG will help you comply accreditation and licensing requirement of all its Product Provider Companies. Multiple companies (Multiple products) will help you get the best product…Best service … Highest Rate Of Return…. Diversify investments, etc.
Read more…

What Earning potentials can IMG provide?

IMG offers an excellent income opportunity, whether you’re looking at the business as a twin career or a full-time commitment. With IMG’s attractive compensation package, you can also take advantage of a number of incentives, including renewals, as well as participation in bonus pools and stock programs.

Read more…

Who are our Business Partners/Providers?

These are the companies who give exclusive rights to IMG as their official broker to transact business in behalf of them. And these are:

• Kaiser Intenational
• Cocolife (a subsidiary of San Miguel Corp)
• Grepalife
• Generali Pilipinas (owned by Henry Sy)
• Phil Equity Management Inc.
• Ayala Land
• Crown Asia

Are our providers big time? Yes, in deed! Visit here for more of our providers!

Interested?

I’m currently based here in Cebu. Our IMG office is at Lahug and FGU tower in Ayala. But if you want to know about having a good business, passive income, and being a broker, just email me at admin@thegetwealthy.com or text me thru 09239776792 or simply leave your infos here and I will get back to you the soonest time.

Ten Principles of Investing

I got this Ten (10) Principles of Investing from Freeinvestmentreport.com. I would like to share it. This is one way to condition our minds in terms of stock investing. Hope this helps!

1. 1. Start investing now. You could be getting better returns on your money today to prepare yourself financially for your future.
2. 2. Make a financial plan. You must know what your goals are to be a successful investor.
3. 3. Do not follow the crowd. When investing, do what the wealthy do and look for opportunities to get in before the masses.
4. 4. Don’t overpay for stocks simply because the companies behind them are large and well known. Too many large companies are overvalued, and their prices will eventually fall back to earth.
5. 5. Have patience when investing. Wait for the right time to enter and exit your trades.
6. 6. Research, research, research. And if you can’t do your own research, seek advice from experienced professionals who specialize in the markets.
7. 7.Remember that all big companies were once small companies. Look for high-potential opportunities in the micro cap and small cap sectors.
8. 8. Be cautious when investing borrowed money. Your investments can fluctuate in value, whereas the money you borrow must be paid back in full.
9. 9. Don’t put all your money in one place. To protect yourself, make certain your portfolio is diversified across a number of unrelated financial instruments.
10. 10. If necessary, close out losings investments to cut your losses. Stocks do not always bounce back.

Entry Credit: http://www.freeinvestmentreport.com

Google Adsense + Stock Investment Gains = ASUS EEE pc netbook

Will you feel good if you bought something like a desired gadget out from your passive income? Like not taking it from your main source of income like from your salary if you’re an employee or sales if you own a business? Definitely, your  answer might be a big YES! Why not? Did I say, Google Adsense and Stock Investments in the title? I would like to share this experience of mine for you to be inspired (maybe, it helps).  lol

Because of blogging thru Google Adsense, I was able to buy my new ASUS EEE 1000HE netbook! I used my first google adsense earnings and my profits from what I gained in my Stock Investments. These are all from my passive incomes. What do I mean by this? Instead of using my basic salary to buy my desired gadget, or saving it in the bank, a portion of it or like all of it was invested in the stock market! Come to the point, that I see a signal in profit-taking, I sold my shares of course at a gain and the proceeds (just the gain), I used it to buy what I want. So, my basic salary is remained untouched but instead, it generated interest and is used to buy those needs and wants of mine. Whew! At least, because of the very basic knowledge in investing, I learn how to value money. It’s money generating another money!

What’s the role of Google Adsense then?

Last month, I received my first Google Adsense earnings and this is from my blogging stuff.  I was able to treat my friends for some sumptuous meal! It pays to really celebrate when these boon things in life come! For good luck and more to come, actually! A portion of it, I used to add it to buy my new ASUS EEE 1000HE netbook. So I did use all my passive income sources to buy it. Google Adsense and Stock Investment gains for the netbook.

How to have a PASSIVE Income?

For now, I will say:

1. Go blogging thru Google Adsense.
2. Stock Investments thru profits.

Although, there are lots of ways to earn passive income thru blogging aside for Google Adsense, you may use your site to give paid reviews on products and services, internet marketing, and etc.

Don’t know how to start with Stock Investing?  Please read the articles and visit my site link: Get Started. Or you may jump in for Stock Trading Online.

Trading Band Exemptions for Some Stocks

The Philippine Stock Exchange (PSE) approved in August 2009 rules to exempt certain stocks from the price trading band or the limit in the increases or decreases of stock prices within the day.

Trading band: Max 50% price increase; max 40% price decrease

Stocks traded on the PSE currently have a limit of 50% in terms of price increases (price ceiling) and 40% in price decreases (price floor). This trading band is supposedly installed to protect investors from price volatility.

With the August 26 memorandum, the PSE agreed to lift the trading band in the following scenarios:

1. When trading resumes for securities that have been suspended for a period of one year or more;
2. When the Exchange determines that: (a) there has been an event or occurrence that may cause the price of the security to change drastically; or (b) the application of the trading band on the price may render impractical the trading of the security upon prior notice by the Exchange as may be warranted under the circumstances.

Stockbrokers see a benefit to the trading band exemption primarily with regard to the first scenario because, according to them, a stock suspended for more than a year will have to catch up with its fair market value upon resumption of trading.

Read more at pinoymoneytalk.com

Safest Way To Invest

The featured article below would help those confuse people who got the money to invest but don’t know or have any idea on where to put it or perhaps just reluctant in finding the safest way to invest.
Take the query below as well as the answer to Edwin’s question.

Q: What’s the best way to save these days? I am expecting a big amount of money to come from the sale of a lot we’ve had in the family for a long time. With the global economic crisis affecting our economy, I want to play it safe yet grow my money. – Edwin

A: It’s good that you are thinking of protecting your money (your capital) by investing the proceeds from the sale of your lot. Investing your money may make it grow over time.

Understand, though, that with investing comes risks and rewards. If you want your investment to grow and yield higher possible returns on your investment, be prepared to meet setbacks and losses if they happen. Investments that yield higher returns come with higher risks such as heavy losses, as what stock market investors have realized last year at the height of the global financial crisis. Investments that have low risks may more or less safeguard your capital but give you low rewards as well (low interest income or minimal capital gains).

Bank deposits and government securities may offer you relatively safe investment options.

Bank deposits take the form of savings accounts, interest-bearing checking accounts, and time deposits. You deposit your cash in the bank and you get interest back after a month or so. While this may seem to be safe and will preserve your investment, this may not actually be the case as inflation may eat into your investment.

The current rate for savings accounts, for instance, is about 0.75 percent per annum. The inflation rate is way higher than that, which means that the growth to be yielded by your investment in a savings account will be overtaken by the rise in prices of commodities.

Time deposits may give better rates, but still may not be enough to match the cost of inflation. You may need to keep your money on deposit for a longer term to achieve a higher rate of return.

As “The Citibank Guide to Building Personal Wealth” (a book published by Citibank) says, “Inflation is a major risk if you hold large sums of cash permanently, because it reduces the buying power of cash.” Put simply, inflation may erode the value of your investments over time.

We mentioned government securities above. These come in the form of treasury bills, treasury notes, and treasury bonds. Bills have the shorter term (less than a year), and bonds have the longest term. Government securities are generally low risk since the government guarantees to meet its obligations and pay the published interest rate.

But since you mentioned that you want to grow your money, it may be wise to look into other forms of investment as well to achieve your goals:

1. Stocks or equities may give you high possible returns over the long term, but these come with high risk, which you don’t seem to want to assume at this time.
2. Bonds may also give you good rates of return, but these also come with some form of risk, although lower than that of stocks.
3. Pooled funds come in the form of mutual funds or unit investment trust funds (UITFs) and depending on their nature may be invested in stocks alone, bonds alone, money market funds (government securities and commercial papers), or a combination of these.

To keep your money safe and make it grow at the same time, we advise that you do what wise investors have been doing all along: Diversify! Keep some funds in bank deposits, some in government securities, and some in pooled funds. Since you may have other financial goals and may have a timetable in needing your funds later on (example, for retirement), we advise that you consult a financial professional who will assess your risk profile and suggest the best possible allocation of your investments.

You may also invest your money in tangible assets such as real estate property. However, market values fluctuate over time, so be prepared for any eventuality. Investing in a business also comes with a high risk as not all businesses realize income. Jewelry and art are also forms of investment, but bear in mind that it may take a while for their value to increase. Converting them to cash may also take a longer time should you find the need to do so.

Whatever investments you go into, study all aspects thoroughly. Look into the pros and cons before deciding. We wish you the best.
Entry Credit: http://business.inquirer.net/

*Disclaimer: Those who happened to read the article above are solely responsible for their own investment decisions and should consult professional advice from financial experts or analysts.Thegetwealthy.com will not be liable for any loss or damage caused by a reader’s reliance on information obtained from our web site. Thegetwealthy.com receives no compensation of any kind from companies or industries or funds that are mentioned above.

Stock Picks: Time to buy LC stocks!

August 27, 2009-We are looking forward in buying some shares of Lepanto Consolidated Mining Co. (LC) as the price is ranging from  0.27 to  0 .29 this week! It will be a buy signal if it’ll go down to .26 or even at .27. The highest price LC has reached in a 30-day period is 0.32 and it’s lowest is at 0.175.

Buy LC shares now! Board lot is 10,000 shares. Target to sell LC shares at 0.40!

BUSINESS PROFILE

Lepanto Consolidated Mining Company (LC) was incorporated in 1936 and operated an enargite copper mine until 1997, after which, LC shifted to gold bullion production through its Victoria Project. LC also operated a copper flotation plant from August 2000 to December 2001, and restarted it in late 2006. LC sells its gold and silver bullion production to Heraeus Ltd. (Hong Kong) while its copper concentrate production are sold through Trafigura Beheer B.V. Amsterdam and Shanghang County Jinshen Trading Co., which are metals traders based in New Jersey, USA, and Fujian, China, respectively.

LC and its subsidiaries are involved in other businesses such as hauling, diamond drilling services, insurance, and manufacture of diamond tools. LC has two Mineral Production and Sharing Agreements for areas located in Mankayan, Benguet. The company’s subsidiaries are Shipside, Inc., Diamond Drilling Corporation of the Philippines, Lepanto Investment and Development Corporation, Diamant Boart Philippines, Inc., and Far Southeast Gold Resources, Inc.

Source: SEC Form 17-A (2008)

Happy Trading!

-Bullish Trader

Stock Picks: PERC is hot today!

August 26, 2009- I was able to materialize profit today when I sold all my shares of PETROENERGY RES. CORP. (PERC) at P7.50 when I bought it a few weeks ago at P5.60. That’s 32% rate of interest in almost 3 weeks!

It rallied today! The lowest trade is at P6.20 and the highest is at P7.60. The price of P7.60 is the highest it reached within the 30 day period. Well, not bad for moi when I traded my PERC shares at P7.50. It’s profit-taking day for moi!

Its closing price is at P6.80! I will be waiting for it to go down in the next days to come so I could buy it again at a lower price. The news is still helpful. PERC will be a good one to start with!

BUSINESS PROFILE

PetroEnergy Resources Corporation (PERC), formerly Petrotech Consultants, Inc., was organized on September 29, 1994 to provide specialized technical services to companies exploring for oil in the Philippines. On June 25, 1999, the Department of Energy authorized the assumption by PERC of Philippine oil exploration contracts. The Ministry of Energy of Gabon, Africa had also been duly notified of the transfer to PERC of a Production Sharing Contract covering the Etame discovery block in the Atlantic shelf.

The principal properties of PERC consist of various oil areas located in the Philippines and in Gabon, Africa. PERC’s local Service Contracts are located in Northwest Palawan, Offshore Mindoro and East Visayan Sea. PERC derives its revenues from its Gabon operations. The Philippine contracts are in the exploration stage and some contracts are being farmed out to reduce risk inherent to the business.

Source: SEC Form 17-A (2008)

Mutual Fund

We collated and researched online on the different definitions of Mutual Fund. Here:

What is a Mutual Fund?

A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities.^[1] The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually

- Wikipedia

***

A mutual fund collectively pools money from individual and corporate investors. These funds are managed by a professional fund manager who invests the money in stocks, bonds, money market instruments, and/or other securities. The mutual fund earns in two ways: from the capital gain (increase in value) of the security and dividend or interest income. These proceeds, net of whatever charges and expenses, are passed along to the shareholders. The value of a share of the mutual fund, called the Net Asset Value (NAV), is calculated daily based on the fund’s total value divided by the total number of outstanding shares.

There are mainly four types of mutual funds in the Philippines: stock (or equity), bond, balanced, and money market.

-Pinoymonetalk.com

***

Mutual funds are similar to UITFs or Unit Investment Trust Funds, to make investment much simpler, more accessible, and more cost effective for small investors.

The sale and trading of mutual funds, stocks, and bonds is regulated by the Securities and Exchange Commission (SEC), a government agency that protects investors from fraud and theft. However, the value of your investment in a mutual fund (or an individual stock or bond) is not guaranteed by the SEC or by any other government institution.You can lose money on a mutual fund investment — in an extreme case, even all your money. However, the safety track record of most mutual funds is quite good.

-Investingpinoy.com

Advantages in Investing in a Mutual Fund

Mutual funds provide a combination of benefits to investors which cannot be matched by other investment instruments. These advantages are as follows:

Professional Management

Full-time professional managers are the ones who manage the mutual funds. Their job is to analyze the various investment products available in the market and select those that would give the best possible returns to the fund and its shareholders.

Low Capital Requirement

A minimum investment of Php1,000 to Php5,000 is enough to start with. Most mutual funds in the Philippines require a minimum initial investment amount of only Php5,000.00 and minimum additional investments of Php1,000.00.

Diversification

There is a saying that goes, “Do not put all your eggs in one basket.” This adage is especially true in the world of investments which is full of uncertainties. There is no such thing as a “sure” thing. Diversification is the key to manage risk. When people invest in a mutual fund, they achieve instant diversification because the fund is usually invested in a wide array of securities.

Liquidity

Liquidity is the ability to readily convert investments into cash. While the law provides that redemption proceeds must be given within seven (7) banking days from the date of the redemption request, most funds are able to pay the redemption proceeds within a day. Mutual funds are, therefore, considered very liquid investments.

Safety

Mutual funds are highly regulated by the Securities and Exchange Commission under the Investment Company Act and its implementing rules. They are prohibited from investing in particular investment products and engaging in certain transactions (this is discussed in greater detail in a latter section). All of the fund’s assets must be held by a custodian bank for a safekeeping.

Potential Higher Returns

Because a mutual fund is managed as a single portfolio, it is able to take advantage of certain economies of scale. For instance, with its millions under management, it can negotiate for lower stockbrokerage fees or command higher interest rates on fixed-income investments. In the end, however, it is still the investment adviser who really makes the big difference between making direct investments and investing in mutual funds because very few individual investors can match the experience and skill of full-time professional fund managers.

Convenience

In other countries, mutual funds can be purchased directly from a funds or through a broker, financial planner, bank or insurance agent, by mail, over the phone and increasingly over the internet. The popularity of mutual funds in the Philippines is fast catching up. It may be a matter of time for this level of convenience to be a reality in the country. Funds also offer a variety of other services, including monthly or quarterly account statements, tax information, and 24-hour phone and computer access to fund and account information.

-Pinoysmartsavers.com

Our Mutual Fund

Our current mutual fund is Philequity. Why? We made researches and it’s so far one of the best mutual fund to invest in the Philippines. It got lots of awards and recognitions in the financial field and as an investor of Philequity, I’m in deed very satisfied with it.

You may visit PSE for the list of mutual funds you might want. As an advice, know the company first, before putting your money in it.

-thegetwealthy.com

LINKS:

Wikipedia

Pinoymoneytalk.com

Investingpinoy.com

Pinoysmartsavers.com

GetWealthyIn

PhilEquity

Today’s Stock Buzz- August 20, 2009

Bargain hunting ensues after downturn

SHARE PRICES closed 1.07% higher yesterday due to bargain hunting following a three-day downturn, dealers said.

The Philippine Stock Exchange index closed 29.34 points higher at 2,760.89. The all shares index rose by 1.07% or 18.79 points to 1,765.63.

A total of 2.89 billion shares worth P3 billion changed hands.

Advancers led losers 89 to 22, while 47 issues closed unchanged.

“Tomorrow, we expect the market to continue its reversal,” Ron Rodrigo of DBP-Daiwa Securities told Dow Jones Newswires.

Analysts also pointed out that the market’s rebound yesterday resulted from the US market’s recovery on Tuesday night.

“As expected, the market turned green due to the Dow’s recovery due to better-than-expected results of some retail companies and positive news about Germany’s economy,” said Daniel C. Picache of Papa Securities.

“This was inspired by recovery of the Dow in the US. It was just a relief rally from the profit taking in the past two days,” said Astro C. del Castillo of First Grade Holdings, Inc.

He added that speculation on some stocks because of rumored interest by specific parties also pushed the rebound.

The Dow Jones industrial average finished 82.60 points or 0.90% higher at 9,217.94 after a sell-off on Monday night.

The Standard & Poor’s 500 and the Nasdaq composite index similarly rose, each moving up a percent to 989.67 and 1,955.92, respectively.

Mr. Picache said late trading on Tuesday already gave signs of a rebound since there were already signs of bargain hunting especially on Lopez-led companies.

“But with a long holiday coming, it may lead investors to trim their positions. They may adopt a sell-on rally stance today, which may result in consolidation,” he said.

Mr. Picache placed the support level at 2,693 and the resistance at 2,984.

“The two-day correction already gave investors enough room to reenter the market… Buyers won’t be as aggressive as before though],” he said.

Mr. Picache noted there is still money on the sidelines since some investors were not able to get in when the market staged its run-up from the 1,800 level.

Mr. del Castillo said the market would probably hover at the 2,700 level as investors continue to digest numbers and look overseas for direction.

Mining and oil companies climbed the sharpest, going up by 3.47% or 274.52 points to 8,176.29, followed by property shares that rose by 2.39% or 22.79 points to 976.75.

Shares of service firms finished 20.15 points higher at 1,414.84, while holding companies inched up by 1.08% or 16.31 points to 1,531,77.

Industrial companies improved by 0.59% or 23.98 points to 4,035.48, while financial firms closed at 593.48, up 0.29% or 1.75 points.

Lopez holding firm Benpres Holdings Corp. climbed by 7.04% or 25 centavos to P3.80, while the Manila Electric Co. was flat at P207.

Market heavyweight Philippine Long Distance Co. closed 1.24% higher or P30 up to P2,445.

Banco de Oro Unibank, Inc., the country’s largest bank, went up 1.47% or 50 centavos to P34.50, while Ayala Corp. was steady at P297.50.

Harry G. Liu of Summit Securities, Inc. said that with the market having reached its targets, its direction would be dictated by market movements abroad.

“[What’s happening is] base building for the medium term so that the long term would catch up in anticipation that the global slide is improving,” he said. — AFP and Don Gil K. Carreon
Entry Credit: http://www.bworldonline.com

TAKE PROFITS!- Absolutetraders.com

“Take profits” is what stock mavericks of absolutetraders.com is recommending! Although the PSEi is on a short correction mode, there is a positive way that it will be bullish on the next days to come!

The nearest level of resistance for PSEi is at 2890. The MACD (below) indicates a short sell for traders. Weeeh!

So, if you find a perfect time to sell you shares, go on before the final day of the ghost month will change your portfolios.

Rule: Buy low, Sell high!

Links:

www.absolutetraders.com

Happy Trading! – Bullish Trader

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

Today’s Stock Buzz- August 19, 2009

US market slump drags down share prices

SHARE PRICES fell further yesterday, pulled down by the chain reaction of sell-offs that started in regional bourses in Asia on Monday on news that China plans to tighten bank lending, analysts said.

The benchmark Philippine Stock Exchange index closed down by 1.43% or 39.63 points to 2,731.55, while the all shares index slipped by 17.14 points to 1,746.84.

A total of 4.07 billion shares worth P3.19 billion changed hands. Decliners led advancers 72 to 33, while 55 did not move.

Jose Mari B. Lacson of Campos, Lanuza & Co. said the local bourse’s slide yesterday was caused by the decline in the US market, which itself was partly due to the weakening of regional bourses on Monday.

“The drop yesterday had a feedback loop… Markets in Asia performed weakly on Monday and it continued to the US and then affected us,” he said.

The Dow Jones industrial average finished at 9,135.34, down by 2% or 186.06 points. The Standard & Poor’s (S&P) 500 index gave up 2.43% or 24.36 points to end at 979.73, while the Nasdaq Composite index plunged by 2.75% or 54.68 points to 1,930.84.

Reuters reported that it was the Dow and S&P 500’s worst one-day percentage sell-offs since July 2.

Mr. Lacson said this was triggered by talks that the Chinese government would increase lending rates, signaling US investors to sell on concerns that the move would slow down that country’s growth.

The Shanghai stock exchange tumbled almost 6% on Monday, as investors grew anxious over the government’s plan there to tighten lending.

Oliver P. Plana of Asiasec Equities, Inc. said aside from the US market’s fall, the local bourse was also hit by the decision of foreign funds to sell their holdings, after the major companies disclosed their earnings.

Mr. Lacson agreed investors parted with their shares after the release of their first-half performance, which did not meet expectations.

“There are underlying concerns about the earnings in the Philippines since some of the reports were below expectations and cautions were made that the worst is not over… The sentiment is really to take profits so unless we see something that could change that, the selling would continue,” he said.

Mr. Plana noted that there were signs that some major markets in the region are improving, which could prop up local trading.

“The next major macro announcement is the [economic growth results for the first half on Aug. 27]…. So investors would observe day-to-day developments to guide them,” he said.

Holding firms were the only ones to end in green, inching up by 0.04% or 0.73 point to 1,515.46.

Mining and oil companies lost 1.91% or 153.65 points to 7,901.77 followed by service firms, which gave up 1.89% or 27.01 points to 1,394.69.

Shares of financial companies slid by 1.09% or 6.50 points to 591.73, industrial firms declined by 1.08% or 43.96 points to 4,011.50, and the property sector dipped by 0.78% or 7.53 points to 953.96.

Index heavyweight Philippine Long Distance Telephone Co. lost P55 or 2.23% to end at P2,415, while competitor Globe Telecom, Inc. shed 2.02% or P20 lower at P970.

Metropolitan Trust Bank & Trust Co. was unchanged at P37, while Sy-led Banco de Oro Unibank, Inc. declined by 1.45% or 50 centavos to P34. The Bank of the Philippine Islands eased by 2.19% or P1 to P44.50.

Jollibee Foods Corp. moved up by 1.96% or P1 to P52.

Entry Credit: http://www.bworldonline.com

Today’s Stock Buzz- August 18, 2009

Prices tumble after investors cash in gains

SHARE PRICES closed 2.77% lower yesterday, hurt by weak US sentiment and investors cashing in ahead of the part of the lunar calendar that the Chinese consider unlucky, dealers said.

The benchmark Philippine Stock Exchange index lost 78.83 points to 2,771.18, its lowest level in three weeks, while the all shares index gave up 43 points or 2.38% to 1,763.98.

Turnover reached 3.94 billion shares worth P3.23 billion, with 114 issues down, 16 up and 24 unchanged.

“US consumer confidence was weak, and while Japan’s economy improved, there was still a negative spin to it,” Jose Vistan of AB Capital Securities told Dow Jones Newswires.

He expects further consolidation with the start on Aug. 20 of the so-called Chinese “ghost” month that is usually a slow period for Philippine equities.

Jasper M. Jimenez of BDO Securities said profit taking was evident in the huge discrepancy between losers and gainers.

“That’s [a reflection of] the sentiment now. Some investors were already expecting this last week but the market continued to be resilient,” he said.

He also pointed out that the fall in Wall Street stocks on Friday contributed to yesterday’s turnout. “It was also partly a reaction to the performance of the US market last Friday,” he pointed out.

US stocks closed lower on Friday on a report that consumer confidence fell in August. The Dow Jones industrial average lost 76.79 points to 9,321.40.

Eunika B. Maloles of 2TradeAsia.com said the market’s fall yesterday was expected especially since the mining and oil sector had a steep climb last week.

“There was broad-based profit taking and correction in all sectors led by mining since its run-up was steep last week, she said.

Mr. Jimenez said the bourse may remain at its current levels, with no fresh leads to perk up trading and with August historically a slow time for the market.

“I don’t expect the bourse to move up significantly. The market bias is really negative,” he said.

Ms. Maloles also expects lukewarm participation among investors this week due to the absence of leads and a shorter trading week.

The market will be closed on Friday in observance of martial law-era hero Benigno S. Aquino, Jr.’s death anniversary.

Ms. Maloles, however, noted that the bourse’s steep fall yesterday may prompt a rally within the week.

“The decline yesterday was pretty sharp, so we could expect a rally the next few days… We need this correction though to further push up the market in the medium term,” she said.

Mining and oil companies had the sharpest fall, tumbling 3.52% or 293.69 points to 8,055.42 followed by industrial firms, which dropped by 3.14% or 131.36 to 4,055.46.

Property shares lost 3.02% or 29.96 points to finish at 961.49, while service companies declined by 2.98% or 43.65 points to 1,421.70.

Holding firms dipped by 2.31% or 35.80 to 1,514.73, while financial stocks slipped by 1.82% or 11.06 or 598.23.

Ayala Corp. lost P7.50 or 2.4% to finish at P300, while units Bank of the Philippine Islands and Ayala Land, Inc. finished 50 and 20 centavos lower, respectively, at P45.50 and P9.40.

The country’s largest bank, Sy-led Banco de Oro Unibank, Inc. shed 1.43% or 50 centavos to P34.50, while SM Investments Corp.’s shares dipped by 2.31% or P7.50 to P317.50.

Index heavyweight Philippine Long Distance Telephone Co. lost P75 or 2.95% to end at P2,470.

The Manila Electric Co., on the other hand, shed 3.59% or P8 to close at P215. — AFP and Don Gil K. Carreon

Entry Credit: http://www.bworldonline.com

Where To Invest Your Money

When I first engaged myself in the world of stock market, I have lots of questions and apprehensions. That’s when I tagged myself as a “newbie”. Certainly, I’ve been wanting to know how to trade and invest money thru stocks when I was in the university but never get the chance to have a hands-on training or sit with a stock market expert.

I learned much on financial education and how money works for me just early this year, 2009 when I joined the great people at International Marketing Group (IMG). This is the time I know that financial security is a priority for everyone. Hence, I came to value the worth of my money, investing it to where it could earn double or triple or more. That’s money working hard for me!

Confuse on where to invest your money where it could earn more at bigger interest rate still an issue? No worries, I will share my experiences in where I invested my money.

Point 1

First to consider is to secure yourself, which is, SAVING for your future. It is important that you have LONG-Term Healthcare, Life Insurance, and Investment. Just these three!

*Healthcare – the very basic and first to secure. Why? To get sick is really expensive. People who don’t have healthcare but have lots of money in the bank will just exhaust their savings just to pay for their medical expenses. You don’t want to touch your savings or income right? Then get a healthcare program that will pay your hospital bills and medicare if the need arises. Philhealth is not just enough (for Pinoys). Your savings are still intact if you get your own personal healthcare!

*Life Insurance- if you’re the breadwinner of the family and in the event that you lose your job or death cut your life short, the family you left behind could still continue their living as Life Insurance companies will give the coverage benefits to them. Or when you get disabled and you can’t function doing your normal job, life insurance will support you to start a new life! So get one!

*Investment- if you have extra money, then you could start to look for something new to start to grow your money. You may want to acquire solid assets like houses, cars, business, etc. Or you may participate in the Stock Market where you could earn high returns of your money but also with high risk! But risk is manageable if you know how to deal and play with it which is easy to learn. For first timers, investing in Mutual Fund is advisable.

Yes! I got those three on the second quarter of the year. How? When I joined IMG, they have a business partner that caters to the three above. It’s an all-in-one program! I’m positive in getting the Kaiser Premium Health Builder. This is my SECURED investment/long-term investment. It’s giving me back a fix 10% annual compounded interest for 10 years or more. SECURED? Money put in this program is placed in stock bonds and other securities and is managed by professionals.

Note: Returns that yield a rate of interest from 12% below is a SECURED investment. Anything beyond that is a Risky one!

Point 2

The next thing I took advantage of is putting my money in Mutual Funds. If interested in joining the stock market but with no experience at all, mutual fund is what I recommend that you engage in.

Mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually-Wikipedia.

My mutual fund at the moment is PhilEquity. It is the Philippine’s best performing equity fund in a 10-year, 5-year, 3-year category. Now, make your winning investment today!

Point 3

Having quite an ample of knowledge on financial education. I started to actively participate in the stock market. I have 2 mentors, friends and online buddies (forums) who helped me in how to deal with the stock market! I say, it’s addictive!

Investing in the stock market involves risk. Why? It’s giving you high return of your money! 12% more, even 100% , 200% and even more than that! That’s why it’s risky! Your loss might be equivalent to that rate. But in any market condition, it’s guaranteed that you will be earning! It’s just how you play it.

To date, I already earned 45% return of my stock investment in the span of 2 months. I was able to play around with Megaworld’s (MEG) stocks and yeah, profit-taking is done! Will be divulging information on stock trading in my next post!

RULE in Stock Market Trading: Buy LOW, Sell HIGH!

Links:

International Marketing Group (IMG)

Kaiser Premium Health Builder

Mutual Fund

PhilEquity

Today’s Stock Buzz- August 17, 2009

Mixed trading expected on lack of catalysts

THE LOCAL market is expected to continue trading within its current range as some investors might book profits due to lack of catalysts.

Analysts, however, said select issues might trim the market’s losses or help it close higher.

“For [this] week, the market is expected to take a breather on lack of catalysts as the central bank has already hinted there will be no rate movement when they meet on [Thursday],” DBP-Daiwa Securities, Inc. said.

The brokerage said this, along with a shortened trading week, would make investors wary of entering the market or allowing their investments to stay long in equities.

There will be no trading on Friday, which is a holiday to commemorate the death anniversary of Benigno “Ninoy” Aquino, Jr.

Selling, DBP-Daiwa Securities noted, had become evident since last week, with foreign investors posting a net selling of P1.15 billion, reversing the P707 billion in net buying the previous week.

“[They] have started taking advantage of the market’s recent rallies [as an opportunity to book their gains],” it said.

DBP-Daiwa Securities also pointed out that as far as seasonal factors are concerned, August has never been on the side of investors since historical data during the past 21 years showed the market declining during this “ghost” month.

With activity expected to slow down this week, Prince Anthony A. Yeung of AB Capital Securities, Inc. said buying would likely be focused on “select stocks with specific plays,” especially now that it remains to be seen whether the US market’s main indices could post new highs.

The US market closed lower on Friday after reports showed that consumer confidence slipped during the early part of the month. The Dow Jones industrial average shed 0.82% or 76.79 points to 9,321.40.

The Standard & Poor’s 500 index dipped by 0.85% or 8.64 points to 1,004.09, while the Nasdaq composite index shed 1.19% or 23.83 points to 1,985.52.

Despite some investors booking their gains last week, the Philippine Stock Exchange index managed to close 2.41% higher week-on-week to settle at 2,850.01.

For this week, however, Mr. Yeung said: “On the local front, there also would not be much catalyst for the local market to move higher [especially] since the Bangko Sentral ng Pilipinas will most probably leave interest rates unchanged.”

The Monetary Board of the central bank is meeting this Thursday to revisit key rates.

The Manila Electric Co. (Meralco) and Philex Mining Corp., which pushed up the index, might remain the focus of investors, however.

Meralco and Philex Mining are being rumored to be the subject of a bidding war by two of the Philippines’ most influential businessmen: San Miguel Corp. President Ramon S. Ang and Metro Pacific Investments Corp. Chairman Manuel V. Pangilinan.

“It seems that the market [would find it hard to go beyond] the 2,900 level [although] it would [be able to] find some support at 2,800. This will most probably be the narrow range that the market would move within this week,” Mr. Yeung said.

Nonetheless, DBP-Daiwa Securities said it welcomes the anticipated correction since the market needs to take a breather after an increase of 17.11% since the start of the second half.

“Should the market correct this week, we recommend that investors buy on the dip since the upward trend of the index has remained intact while the global economy slowly shows signs of improvement,” DBP-Daiwa Securities said.

Entry Credit: http://www.bworldonline.com

What is Ghost Month?

If you’re new to the world of Stock Market, you might be hearing the term “ghost month” by the investors/traders circle. Well, we visited some sites on how they view the Ghost Month as it influences business market for many. Read below:

* This years Ghost month starts on August and ends September.

The Ghost Festival is a traditional Chinese festival and holiday, which is celebrated by Chinese in many countries. In the Chinese calendar (a lunar calendar), the Ghost Festival is on the 14th night of the seventh lunar month.

In Chinese tradition, the seventh month in the Chinese calendar is called the Ghost Month, in which ghosts and spirits, including those of the deceased ancestors, come out from the lower world to visit earth. The Ghost Festival is the climax of a series of the Ghost Month celebrations. Traditionally, ancestor worshiping was an important part of the festivals, with activities including preparing ritualistic offering food, and burning hell money and bags containing cloth to please the visiting ghosts and spirits of the ancestors, as well as other deities. A very solemn festival of ancestor worshiping, the festival nevertheless represents a connection between the ancestors and the descendants, the living and the dead, earth and heaven, as well as body and soul.

So why does this matter to you? Well ghost month is embedded in the chinese tradition where you’re not supposed to spend unnecessarily during the ghost month. this really does happen every lunar ghost month of the year, as some foreign (Asian) funds do not like to make investments at this time. Stock trading is considered an unnecessary expense what this means for traders is less liquidity. If there’s nobody there to really buy up a stock then there’s really no way for stocks to go but sideways or even…. DOWN

Credit to: http://financemanila.net

*Bearish mood to persist as ‘ghost month’ rolls in

TRADING AT the stock market this week would still be influenced by crude prices and the performance of US stocks, analysts said, but consolidation is also expected during this “ghost month.”

“The outlook for the market remains bearish for the long and medium term,” said Jose L. Vistan of AB Capital Securities, Inc. “Short-term view looks cautiously positive as the near-term rally seems to be on shaky legs.”

He added that although last week’s rally might continue this week, the market still lacks the solid fundamentals to make it snap out of its downtrend.

The composite index last week made a surprising gain of 2.8% or 71.49 points to 2,584.21 as local investors focused on crude prices on Friday, ignoring the drop in US stocks.

Credit to: http://www.bworldonline.com

* Ask advice with any old timer in stock market and he’ll tell you to stay away from stocks during the Chinese ghost month. Indeed, the table below shows that stocks tended to perform poorly during this period (12 out of the last 19 years), registering an average loss of 4.1 percent.

PHISIX Performance during the Hungry Ghost Months (1987 – 2005)

*Source: Technistock, Philequity Research

Double whammy

This year is a double whammy of sorts because of the occurrence of a double ghost month. The Chinese lunar calendar (as the name implies) follows the cyclical movement of the moon. Therefore, in the Chinese calendar, a year has a total of 354 days or 11 to 12 days shorter than the solar year. To balance the lunar and solar calendars, a leap lunar month is added every three years. And this year, the leap month occurs in the seventh month with the regular seventh month from July 25 to August 23 and a leap seventh month from August 24 to September 21.

So far, the Philippine Stock Exchange Index (PSEi) is up 3.9 percent since the ghost month started last July 25. Will it stay up or will the jinx of the ghost month finally haunt it in the end? Only time will tell.

Trading simulation

Heeding the old advice of staying out of the stock market during the ghost months should have earned investors more money in their pockets. A simulation below shows that if one peso was invested in the PSEi in 1987 and a strategy of selling before the ghost month and buying it back afterwards was employed, the investment would now be worth P15.10 (or an annual compounded rate of 14.8 percent). Meanwhile, a simple buy-and-hold strategy would have resulted to only P5.01 (or an annual compounded rate of 8.6 percent).

Credit to: http://www.yehey.com/finance

*August is known to be the Chinese ghost month where the perception is that liquidity and the index takes a breather due to the Chinese tradition. However, it has been proven that this phenomenon does not have its usual hold on the market anymore. How will it be this year?

Credit to: http://www.absolutetraders.com

Today’s Stock Buzz- August 14, 2009

Federal Reserve announcement fuels rally

SHARE PRICES closed 0.97% higher yesterday as investors took their cue from overseas markets and an upbeat assessment of the US economy by the Federal Reserve, dealers said.

The benchmark Philippine Stock Exchange index rose by 27.54 points to 2,856.06. The all shares index rose by 0.94%, or 17.02 points, to 1,811.94.

A total of 3.80 billion shares worth P3.12 billion were traded.

Advancers led decliners 71 to 32 while 51 issues closed unchanged.

“It was influenced in a way by markets abroad, specially after the [US Federal Reserve] statement on the economy,” Jose Vistan of AB Capital Securities told Dow Jones Newswires.

“But with the Fed meeting over and most corporate earnings out, there is little in terms of catalyst for the market in the coming days. Expect profit taking.”

The Fed on Wednesday said it would keep its super-low interest rate on hold for a while but gradually end its program of Treasury bond purchases, adding the world’s biggest economy was stabilizing.

Wall Street stocks rallied. The Dow Jones industrial average gained 1.30% or 120.16 points to 9,361.61.

The Standard & Poor’s 500 index climbed by 1.15% or 11.46 points to 1,005.81, while the Nasdaq composite index gained 1.47% or 28.99 points to 1,998.72.

Emmanuel P. Soller of Equitiworld Securities, Inc. however pointed out that the US market serves only as a guide for the local market, even if its rallies usually prompt the same locally.

“The US market’s drops are used by investors to take their profits out. But overall, the local market remains [upbeat],” he said.

Selling pressure builds up, he pointed out, whenever the market nears the 3,000 mark because investors want to book their profits and not because they feel the future looks bleak.

“Investors play safe but this selling pressure will just be temporary unless there is negative news significant enough to make investors pessimistic of the market again,” Mr. Soller said.

Only one of the six subindices tumbled.

The service sector rose by 2.41% or 34.30 points to 1,456.80, while holding firms climbed by 2.16% or 32.44 points to 1,533.84.

The mining and oil sector gained 0.41% or 35.83 points to 8,582.25, while financial stocks advanced by 0.32% or 1.98 points to 606.66.

Property shares added 0.26% or 2.57 points to 977.87.

Industrial companies, however, tumbled by 0.43% or 18.71 points to 4,298.28.

Most blue chips closed higher.

Andrew Tan-led Megaworld Corp. added 2.98% or four centavos to P1.38, while index heavyweight Philippine Long Distance Co. climbed by 2.01% or P50 to P2,530.

Sy-led Banco de Oro Unibank, Inc. gained 1.47% or 50 centavos to P34.50.

Ayala Land, Inc. did not move at P9.40, as well as sister firm Bank of the Philippine Islands, which stayed at P46 apiece.

Manila Electric Co. fell by 2.4% or P6 to P244, while the Metropolitan Bank & Trust Co. tumbled by 1,.29% or 50 centavos to P38.

Maria Arlysa E. Narciso of AB Capital Securities, Inc. disagreed with AB Capital Securities’ Mr. Vistan, saying developments in the foreign markets as well as local earnings reports would continue to be major drivers for the local market.

“Earnings became the highlight of the week and reflected second-quarter impact of the slowdown on economic and business activity. Keep an eye on food-related companies as this could perform well in the coming months,” she said.

Entry Credit: http://www.bworldonline.com

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!

President GMA Stock Ownership

This is an excerpt on the news published by www.gmanews.tv regarding President GMA’s undeclared wealth in houses and in stocks.

Few profitable firms

The president, according to SEC records updated as of October 2008, still has business and financial connections in at least five entities: Optima Research & Consultancy Agency, Inc., incorporator as of Sept 15, 1980; L.T.A. Realty Corp., incorporator, as of Sept. 28, 1992; EVA Development Corp., incorporator/board member, as of May 18, 1993; Circulo Pampangueno of Guam, Inc., board member, as of Sept. 29, 1997; and Centrist Democrat International Asia-Pacific, Inc., stockholder, incorporator, board member, as of July 24, 2005.

The First Gentleman, by the SEC’s records, still has business interests and financial connections in at least nine entities: Trans Realty Co., Inc., incorporator, as of Oct. 8, 1980; Raco-Trading Philippines, Inc., incorporator, as of Oct. 9, 1980; L.T.A. Realty Corp., incorporator, as of June 28, 1982; Aviatica Travel & Management Corp., incorporator, as of July 22, 1987; Eva Development Corp., incorporator, board member, as of May 18, 1993; Philippine Blooming Trade and Development Corp., incorporator, as of Sept. 5, 1995; and Pacific Mint International Corp., incorporator, board member, as of May 15, 1997.

The First Gentleman is also connected with three foundations: Ateneo Law Class ’72 Foundation, Inc., board member, as of March 14, 1996; Kaibigan ni Gloria Macapagal Arroyo Foundation, board member, as of May 17, 1999; and First Gentleman Foundation, Inc., incorporator, as of May 28, 2002.

All these firms are not listed in the SALNs that Arroyo filed from 2001 to 2008. But since most are not particularly big or profitable, they could not have served as sources of the First Couple’s additional cash or equity shares.

Could she forget that she owns a couple of shares on the above-mentioned companies? These are all speculations for now until further investigation proves it. Now, do you find investing in stock market as one of the profitable way to earn big (think of dividends)? Let’s start and make also our own way to stock market investment.

Today’s Stock Buzz- August 13, 2009

Prices tumble after US stocks decline anew

SHARE PRICES succumbed to profit taking yesterday with investors taking their cue from Wall Street, which extended its decline, analysts said.

The benchmark Philippine Stock Exchange index lost 1.11% or 32.02 points to 2,828.52, while the all shares index slipped by 1.01% or 18.36 points to 1,794.92.

A total of 4.74 billion shares worth P2.82 billion were traded with net foreign selling summing up to P316 million.

Decliners led advancers 67 to 33, while 65 shares did not move.

“We just tracked the US market. Its almost a hundred-point drop put pressure on our market,” Ivan I. Nario of BDO Securities, Inc. said.

“This could be the start of the long-awaited correction since investors just follow the momentum of [both the overseas and local markets].”

Mr. Nario said the US market is showing some signs of volatility, making investors cautious.

As such, they might sell their positions if they see the prices not going up. After all, Mr. Nario pointed out, the PSEi has broken above the 2,600 and 2,800 levels, which most analysts earlier said would be the best scenarios for equities this year.

“We have been in the overbought level for sometime already, although there is still liquidity in the market that is why there is not much selling pressure,” he said.

Jun B. Calaycay of Accord Capital Equities Corp. said the inability to break above current resistance levels means investors don’t believe share prices would rise so much.

Investors, he said, could be bracing themselves for slumping prices during the “ghost” month of August.

“But despite that, there is no massive sell-off. The market is just trading within a very narrow band and I think those who have bought in are still holding on to their shares, hoping that after the ghost month, the market will resume its upward move since the general economy is already doing well,” he said.

A gloomy forecast for the US banking industry pulled down financial stocks on Tuesday night. The Dow Jones industrial average shed 1.03% or 96.50 points to 9,241.45.

The Standard & Poor’s 500 index slipped by 1.27% or 12.77 points to 994.33, while the Nasdaq composite index tumbled by 1.13% or 22.51 points to 1,969.73.

At home, industrial shares lost 2.32% or 102.54 points to 4,316.99, while holding firms slipped by 1.73% or 26.44 points to 1,501.40.

Mining and oil stocks declined by 1.42% or 123.94 points to 8,546.42, while property shares tumbled by 1.21% or 12.03 points to 975.30.

The service sector dipped by 0.11% or 1.61 points to 1,422.50.

Financial stocks, on the other hand, managed to climb by 0.27% or 1.66 points to 604.68.

Most blue chips closed lower.

Manila Electric Co. declined by 4.76% or P12.50 to P250, while Andrew Tan-led Megaworld Corp. lost 1.47% or two centavos to P1.34.

Sy-led Banco de Oro Unibank, Inc. slipped by 1.44% or 50 centavos to P34, along with Ayala Land, Inc., which fell by 1.05% or 10 centavos to P9.40.

Index heavyweight Philippine Long Distance Telephone Co. lost 0.2% or P5 to P2,480.

Philex Mining Corp. did not move at P10.75, after pushing up share prices the previous day. Likewise, Metropolitan Bank & Trust Co. stayed at P38.50 per share.

The Bank of the Philippine Islands, on the other hand, added 1.09% or 50 centavos to P46.

Entry Credit: http://www.bworldonline.com