Market Skim Through, 14 August 2013. SUN shone on those who saw the disclosure early. SUN Sisters benefit. JFC is a mutant!

Another good, invigorating day for the market. Overall index increase was +1.56%, crossing the 20-day SMA, to 6600+, at a another respectable 7 B PhP trading volume.

	Stock Code	Last	Change	%Change	Value
1	SUN	0.8500	0.2800	49.12%	15,409,370
2	RPL	10.6000	2.8200	36.25%	493,032
3	PRMX	3.3600	0.3700	12.37%	20,160
4	GSMI	16.8800	1.3800	8.90%	1,211,856
5	ARA	1.4400	0.0900	6.67%	668,730
6	ICTV	0.4250	0.0250	6.25%	555,850
7	ION	0.5300	0.0300	6.00%	530
8	MED	0.2750	0.0150	5.77%	38,300
9	WPI	0.3850	0.0200	5.48%	44,800
10	CPG	1.3600	0.0700	5.43%	48,036,250
11	JFC	177.0000	9.0000	5.36%	176,314,323
12	PAX	2.3100	0.1100	5.00%	381,780
13	RLC	22.5500	1.0500	4.88%	38,765,040
14	MHC	0.6500	0.0300	4.84%	4,407,980
15	AGI	28.1000	1.2500	4.66%	399,259,775
16	MBT	110.9000	4.9000	4.62%	420,926,251
17	STR	3.8700	0.1700	4.59%	163,620
18	PRC	9.9000	0.4000	4.21%	0
19	PHN	15.0000	0.6000	4.17%	614,190
20	DFNN	4.8900	0.1700	3.60%	343,600

SUN ended at that rare ceiling price, because of a disclosed stock rights offering, to be set at a price of 1 PhP. There was no rumor or premonition to the upcoming rights; SUN's board is perhaps commendable for guarding the plan, keeping it secret until after board approval. Those who were focused on the PSE website for disclosures, and was able to catch the disclosure early, and got in early in SUN, deserved the gain. More so those who were already invested before hand. 

I think SUN  will continue to go up tomorrow and should easily breach 0.9 PhP. 0.95 would be probable; while above 1 PhP would be remarkable (many would sell to take profit at 0.95 above). I havent and wont participate in SUN, because of its tarnished heritage. It's still the former BW Resources, raised by thieves that almost brought our entire economy down.  I still believe Andrew Tan shouldn't have bought SUN. 

But in any case, Andrew Tan seems mind the performance of his stocks and also does not disregard the small investors. His rights and follow-on offering are placed not at a steep discount (unlike SMC, ICT, ABS, SM, et al  have done recently), but more often at a plus premium (like what he did for GERI and MEG recently).

Probably due to the ceiling-move and goodwill from SUN, sisters GERI, MEG, and ELI also have shown significant increases. And then mother ship AGI surged +4+%. 

JFC, on the other hand, continues to show its mutant ability, and jumped even higher today. It disregarded already the downtrend of the past several weeks and now, since last week, is showing 52-week highs day-after-day, seemingly without any resistance. Its P/E is already at 40 (even higher than AC), but still not showing any weakness. Foreigners are participating in the buying. I will write a whole entry about JFC (close to my heart) within next week. 

SM and group also continued their recovery. 

And then CPG continued its uptrend. It was a good buy two days ago (good call by James K Nava). If youre able to enter art 1.22 or 1.23, best to take profit already.

Those watching in the sidelines, again, should reduce their cash position and enter on issues after doing their own personal research. If you need it, I have posted some suggested stocks, in recent posts, for you to look at, but most of them admittedly already went up considerably. You can also develop a strategy of your own. One input that Ive read is to check which hasnt increased significantly the past two days. Those stocks could be good candidates, because if the market goes into confirmed uptrend, every fundamentally-good company should go up.