Wednesday, July 31, 2013

Market Skim Through July 31, 2013: GERI, TA, MEG, are hit

Funds appear to continue to shed GERI. Will stay away from this stock for the next 30 days (save for a Moody's upgrade). 

TA went down because of 1) ex-date and 2) disclosure that one of the drilling projects at Mindanao was scrapped due to safety issues. I was only able to dispose 20% of my position at high double-digit gain; I intend to hold now what remains. I feel no remorse for giving up a high 15-18% increase. TA and its stock will be fine. Gratifying in fact to see that volume is consistently high these days. 

MEG is more a conundrum why it seems in a hurry to go down. I will add if it reaches 3.1 again, regardless of perceived trend. 

#Stock CodeLastChange%ChangeValue
1MEGW12.1500-0.3500-14.00%23,770
2UNI0.1620-0.0230-12.43%82,720
3MVC1.8300-0.1700-8.50%1,830
4RLT0.4850-0.0450-8.49%423,050
5VITA0.7500-0.0600-7.41%363,690
6NIKL15.0000-1.1000-6.83%13,002,424
7TA2.5000-0.1600-6.02%100,521,120
8GERI1.6800-0.0900-5.08%15,067,650
9SPC5.3000-0.2800-5.02%35,040
10OPMB0.0200-0.0010-4.76%200,000
11AB20.0000-1.0000-4.76%20,000
12LC0.6100-0.0300-4.69%58,206,370
13DMPL27.5000-1.3500-4.68%13,875,245
14IRC1.2800-0.0600-4.48%6,449,120
15LCB0.6400-0.0300-4.48%9,343,170
16CMT1.0800-0.0500-4.42%929,990
17FLI1.7800-0.0800-4.30%25,100,540
18DAVIN1.1300-0.0500-4.24%2,983,610
19MEG3.2400-0.1400-4.14%281,274,300
20KPH4.8000-0.2000-4.00%48,000


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