(I still remember the 3 pesos for 3 minutes call in your nearest sari-sari stores)
Nothing in the PSE is for certain. There's one guru in the famous forum which during Q3 last year, every time when he said that a stock will increase for sure, the following day it came tumbling down. It might be him who was pushing it down (He was recommending, then selling on rally).
I have a substantial position in TEL that was accumulated since last year, but I do not intend to recommend and dump bluntly. This bet was done based on it high-dividend policy of PLDT as a telecom, and this div's expected announcement early March. Im relying on the same high div amount (special+regular) and the ex-date sched to make it probable for this stock to give me at least a 5-8% surge within the next 3 weeks.
If you bet now, youll be at my same entry price. I made most of these bets earlier this year, thinking that the wily short-term investors will start accumulating January. It didnt happen almost three months forward. If still nothing happens even after Divs announcement, there must be something wrong with the company... which, in turn, is improbable. If you relate it to your home needs, PLDT is still the most reliable broadband provider compared to the baloneys that sky and glo offer. And then on a bigger macro picture, call centers must be depending on TEL a lot currently and in the future.
TEL is on a slow crawl up compared to its other fundamentally-ok index peers. But we have also observed some foreign accumulation recently. I wouldn't speculate any more if these funds are for long term this time around, suffice it to say that I wont start dispose until I get to +5-8% profit range.
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