(Bear? And what to do?) Pick of the week is to have cash ready and prepare conservative buying points

There are soothsayers abound again portending doom. It'd be fantabulous for them to be proven wrong, and be exposed as bastards who just want to enter again at good prices. But it is also right to be prudent with your money. 

I know that it was only 2 weeks ago when I wrote that indications point that we are in a bullish period. But since then, the moving average of the PSEi was brought down below where it should it be. It looks like sellers really sold hard when the index reached 7400. It seems that that high point was what many (even retail investors) were waiting for to take profit in droves. Good for those who sold at the very top. Congrats. I only sold a few back then. Sold way more positions yesterday. My profit lower than if I took them a few days ago.

More than bag the highest profit though, my objective now is to have again a substantial cash position and prepare conservative entry points in favorite and fundamentally-strong stocks. When bought at the right support, gains will come in again anyway. There could also be a Santa rally this year (there was none last year). 

First entry at GLO at 1600 remains a pick. MEG at 4.3 would also be very tasty. PGOLD at 32 is also a one-tranche entry. Would also be thankful if I would be given the chance to go back to TEL at 2900. 

Dont be rattled though by the doomsayers. It's still good to have positions remaining in the stocks you believe in (good managers, good growth forecast, fundamentally solid, and preferably dividend-paying) in case they are proven wrong.