Seed, retreat, harvest, in-and-out, push, take, reentry, prune, harvest again

Writing a quick entry on trading moves since December--

After I wrote this post back in December, I was alarmingly back to 10% cash in both nimbler and main ports from all the buy points that have been hit. Some were fresh buys, others additions to existing positions. But almost ALL these buys turned out hugely profitable, overall.

MBT buys at 82, 81, 80.3, 78.5, 79, at one tranche each were all sold at 93.

Adds in FLI, where I suddenly found my position ballooning to 16 tranches were sold at 1.69, 1.73 and 1.75. Im holding only 4 tranches now, still showing 5%+ positive as of today.

Earned in TEL at +9%, GLO at 6% (yes, I sold wrongly/very_early here).

The biggest winner is in LRI at close to +30% on 4a  tranches bet.

UBP at a quick entry in 70.5, then sell at 72 (placed ahead as usual) in a few days were also profitable. I knew there was a swing up happening in banks.

Three tranches in perennial favorite TA bought at 2.25, 2.23, 2.22 were all sold at 2.44.

Four tranches in PGOLD were also profitable--accumulated at 37.8 - 39 range, then sold at 42.

All the buy and sell points were placed ahead (GTM), usually evenings. I did not have the time to trade and observe daily given the hell demands of day job. Save for a quick cursory look in forums when meetings at the office became boring, I was not opening my two brokerage accounts at all, but apparently I was trading actively.

Among the winners who were showing a strong upward trend, I was only able to buy up in MBT at 86 and PGOLD at 39. Buying up is a discipline that I need to improve on.

I did not participate in any bazura like CAL and IS, although the forums are teeming with praises and potential bonanzas on them. Obviously, they were not needed.

Since reaping profits, I bought again (one or two tranches) in AGI, TA, LRI, FLI, when they went down. These reentries are now showing green. Old MWC is also still showing green, but Im not selling it until disclosure on the recent application for water rates increase comes out. I also still trust the management of Ablaza.

Everything should have been hunky-dory, and I surely should be beating the index year-to-date; there should have been vacation money again, if not for the huge sell-down in BEL and MCP. I cut-loss at MCP at -12.5% on three tranches, and still holding a big 22 tranches of BEL (averaged down here; did not cutloss). The bets on these two are based on
1) the opening of the City of Dreams Manila, which I also checked out, and seems to be showing promise given all the sugarols inside (90% of them Filipinos, disheartening to know... more on this in a later blogpost).
2) My man, Scorsese's commercial (one of my top 3 Directors of all time!)

3) BEL's high dividend yield
4) BEL's disclosure that they are going to buy back shares.
5) MCP's media blitz with Stanley Ho's son and Packer leading the charge no less.
But all the positive things were thwarted obviously by the Chinese government.

And so, the index year to date is showing 7.55%, while Im barely making 5%. Im also back to 50% cash position in both ports.

+2.55% is a lot of catching up to do, but Im not willing to bet all-in in just one stock or dabble in bazura to beat it. Better to be conservative since P/E of the index is already at a very expensive 22, and bazuras, well, they are still bazuras. If youre still holding index issues, I'll be leaning towards unloading all as PCOMP nears 8000. If you have a bazura showing more than 10%, sell already for goodness's sake!