I have very limited time to monitor our PSE, so I limited myself to observing foreign-buying more than anything else. Im aware that there has been almost a week of net foreign selling. But today, we're back to net buying at 0.7 B. And DEUTSCHE and other big funds are being bullish big at that. Is this pure window dressing? Probably not.
So the pick of the week is a starting entry in some fundamentally-solid stocks like BPI. I like the consistent foreign buying here and also WEALTH's joining the bullish fray in BPI. There could be a +5% for us here on short term. Best also to look at the other blue chips and hunt for similar characteristics (many foreign funds buying, gradual increase, etc).
BEL and MCP also could jump back steeply to previous high levels, after falling more than 20%.
Both are buy and hold still for me until their casino opened. In fact, knew just now that de Niro was in Manila last January.
Any firm my man de Niro backs up deserves some of my money.
Incidentally US indices are continuously making records.I wish we all have US billing addresses so we can trade here.
In any case, it's love our own muna. We can get some money out of our very own PSE.
***
Caveat though: we need to continue to monitor news on inflation.
No comments:
Post a Comment