I partly sided with the doomsayers (about inflation stunting our increase on short-term), and raised up a considerable cash position. I took profit early indeed. But since the PSE seems to be naturally-following the record highs of US indices, the selling was a wrong move on hindsight.
There's no remorse for me since that was the call, which was established based on info available. I have anyway still have some bets remaining and continuing to ride up these stocks in greens.
To those who stayed big on faith in MEG, et al, congrats! The only unfavorable indicator for us is that there was foreign selling yesterday. Well there could be rocky ups and downs in the coming weeks, but an uptrend should be the tide where the general sentiment is.
And this kind of sentiment is the sentiment we should ride on.
Let's hunt some highly-traded issues that still have some +10% jump in them. What's going to be your pick?
Whatever it is do not ride if you dont have time to monitor. You should be ready to withdraw on a moment's notice (like that moment when BSP indicates they are going to hike up policy rates).
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