Pick of the week is MWC.

I added three tranches myself to a long time existing position. Consistent foreign buying in the past few days. And today, they are not hiding anymore:

And there's a sudden, furious, jump in volume trades!

I think 32 will be easy on short term.

Trading Diary Workweek 34

Received significant dividends from GLOPP and TEL. Ready to deploy these extra funds if there comes a very attractive entry price in a company with solid growth.

Saw some downtrend in my main port, but did not really feel any alarm. Good call, because I was seeing some marginal gains from where I started the week by late Thursday and early Friday.

But in essence, I did not trade last week, save for one-tranche GTM-buy that was hit for TA, at 2,23.

Picks of the week, if ever these issues reach these prices this week.

MEG at 4.5 is one-tranche buy.

TA at 2.23 is a one-tranche buy.

TEL at 1700 is a buy.

Mood:

• Im watching closely the foreign buying-selling. They are net sells in straight days recently, although small in aggregate value. Cash position enough for war. 
• Still staying away from bazuras. No time to play with them. Toxic with dayjob recently. 

Trading Diary, Workweek 33

Sold all of UBP that Ive been holding for over a year in my nimble port for around +10% gain. As a result, cash in nimble port now around 60%.

Noting that NIKL is increasing. My position is almost green here because of the opportunistic averaging down close to 5.0. As posted earlier, Gina Lopez is inadvertently doing good for this company, which is also probably already the best-managed mining company in the country. I expect the chartists to enter at 5.9 in droves, also. Im confident in the intermediate for NIKL.

Adding LC at 0.201 appears to be a mistake, but holding whole position as of now. Any catastrophe like bad news on LC's audit or sudden downtrend in gold will make me cutloss everything. For now, hold. But to be transparent, even if this surged up suddenly, I will sell around 0.24 - 0.25, because Lolo for sure will unload there again.

Downtrend in TEL, after ex-dividend, hurting my main port. Added cash position there for possible big average down in TEL. And probable new buy-ins in MEG, TA, and MBT.

Trading Diary, Workweek 32

After all the take-profit moves in SECB, MBT, et al and taking a highest cash position in months. The biggest position in my main port actually became GLOPP, which was bought at issue price of 500. It was showing me high 5 figures paper gain when it was promising at near +10%. Suddenly it was brought down by one seller at 507. This, plus the plunge of TEL (after div ex-date) brought down my remaining paper gain.

But I intend to hold on to GLOPP as my parking lot (or resting place) for extra cash. It is earning 5% per annum, way better than time deposit in any bank.

***

I executed half-cutloss at LC at 0.213 then reentered at 0.201 half of the same position by afternoon.Why I went back after lunch? Gold is still in upward trend.

I'll cutloss everything if there's adverse news. In any case, my profit last May far exceeds my current loss (paper + realized).

***

I added some speculative chunks at 3.36 3.37. 3.4 to my remaining position in GMA7. I have some position remaining after I sold most of it at 6.9--the time it was nearing dividend ex-date earlier this year. I was betting this will continue up to 6.9 again easily given the press release on the big net income jump. But GMA7 instead went back to it sleeping place at 6.3. Will watch this closely in the coming days.

***

My cash in nimble port was reduced to 45%. Main port at around 23%. PSEi is still above 8000 after selldown and no alarming foreign selling (yet). Both are indications to me that our market still has oomph to go to 8500. But Im not eager to deplete cash position in the coming days.

***

I should have bet on WEB early in the morning even if just aiming for grocery money, but I had office work to do and I know I won't have time to focus on the issue all morning.

It went ceiling all right when I checked it at closing, but there's something fishy here. Why would you buy a company that will just be a shell after it's gambling permit is not renewed? So beware newbies! If you'll speculate, make sure you have the time to follow it minute-by-minute to check the trend.

Beware of the ruthlessness of this man, in his quest for money!

He's been doing it since the Marcos era.

Trading Diary, Workweek 31

My GTM buy with TEL at 1910 got hit after the selldown. I was 7% up in my main port (with big positions) before the minus-15% selldown. So, Im suddenly/quickly negative in two days. At the same time, pundits are saying that PLDT is one the mismanaged companies in the Philippines, aligning it to SMC.

I think aligning it to the caliber and steep bureaucracy of SMC is going too far. Bottom line, it's wise and reasonable to place some bets on the other half of a duopoly any time of the year. Besides, we're sure to get +5- 7% dividend yield even if we're jailed in PLDT.

On the speculative side, I also added one tranche in LC, on the expectation that this will approach 0.3 again once Gold threatens to breach 1400 again. Remember, LC was at 0.4 - 0.6 when gold was at 1400+.

But I will sell at 0.3, because I agree that Gina Lopez's powers are greater than any jump in and influence of Au price.

I will execute cut loss if this goes down below 0.21.

Reminder: start of Ghost Month tomorrow

Tomorrow is the start of Ghost Month. Best to check what happened the past 5 years during this month. Note also that the exact date changes every year. Research and analyze.

If it's up to me, I'll reserve sufficient cash. Don't go all in. Then by mid-September, check if momentum of market is upward or down.