Pinoystockpickers made sell moves in and nibbled profits from CPG, MEG, and ALI, but these transactions benefitted from buys on Monday, Tuesday, and early Wednesday. The release more of your cash post from end of Wednesday was wrong, especially if one invested in SM. The downward trend of DOW and persisting rumours on the start of QE tapering probably overpowered whatever bull disposition we had in the market. We did proceed to release more cash though in MBT and BEL.
We are also still holding on to paper gains in MBT, AEV, and BDO, based on cautious pick of the week guide posts in the beginning of the past week.
So bottom line, the posts on Monday through Wednesday were mostly on target. On Thursday and Friday... the cup and handle we're banking on did not follow through. Still, however, we were not much hurt by 2-day downtrend, which was mostly caused by SM, SMPH. We did not make any transaction on Sy stocks except BEL.
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