I don't know why I'm more relaxed with this round of sell down compared to the one that happened in June. Is it because there's greater comfort in the greater probability that this is the last downtrend before we get back to our steady increase? We're not in a recession, remittances will pour in, our GDP will recover, even the donations for the provinces that was hit by Haiyan should prop up the industries in the Vismin to its feet.
It's important now to observe our solid favorites and get in with conviction when we know it's undervalued. GTCAP at 750 is a buy. TEL at 2600 is a buy. RLC will bounce back upwards from 19, in all probability, AGI at 23 is a strong buy, PGOLD at 38 is an invitation. MBT at this time is undervalued, I already added. It's time to check P/E's, graphs (should be on the lookout especially on previous strong supports), and realign portfolio. Cut-loss on the weak, speculative stocks (that was fun to play with before) and transfer money to solid ones.
Ive cut severely on EDC, FGEN, some small LC, MWC, and already made transfers to MBT, MEG, TEL, et al. It's good to have fewer stocks to observe at this time, regardless is you have just a 5-digit budget or have millions being played.
Relax, read up, choose your watchlist, bet based on how solid you think the company is. This foreign selling will stop in short term, time to hunt for bargains now.
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