...foreign investors were still net sellers at Php2.92 billion.
I was surprised to read this, and that statement says a lot. The foreign funds are firm on their disposition regarding our stock market vis-a-vis the potentia QE taperingl. Are local fund managers just window dressing at this time? Or we can now stand on our two feet without relying on the bullish thrust from foreigners? We all know that when foreigners want to buy up, they really buy up with conviction. If they want to sell, well...
I have some green in AGI, and almost-green in GTCAP from stubborn averaging down. I would probably sell partial tomorrow. I hope to be able to see some other greens also before the FED's press conference Thursday morning.
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