Pick of the week is to wait

The volumes are thin. There's no clear direction. Only buy when conservative buy points are hit. And never buy in a bet-everything poise. You must have funds to average down on your favorite stock, in case you need it.

If you're positive, sell if youre comfortable with the profit. Do not be greedy especially at this time, when foreigners can easily unload and elect to position in bonds again. It will be a deep downturn if this happens, and we must have cash to buy at that point.

Pick of the week for Wk42 is increase Cash position (to minimum 50%), but also follow possible short-term bounce, and get in if your conservative buy points are hit

This is that time of the balancing act, where the confident buyers of fundamentally-solid companies win. Where the right portfolio mix, built at the right entry points, will deliver the money (for that long-planned vacation, for the upcoming kids' school fees, for that hoped-for gadget...)

We might get sold down to 6500-6700 PSEi, so if you don't have at least 50% in cash position to use to start entering at that point, you have to adjust or add funds now.

If you want to be entertained though and have time to monitor, go in and out quick, you can take advantage of expected short-term bounce. How big a bounce? The DOW and SPX will give a clue on how high and how long. (You have to open every morning and check these US indices). But in general, you shouldn't aim for more than 3.5% profit in these hit and run transactions. And then there's should also be a time limit--if you dont get 3.5% in one week, still... get out

Now, for intermediate and long-term, we also shouldn't waste the opportunity to get in on favorite stocks once they get to tasty valuation points. Last year, the big bucks came from our confident conviction in buying MEG, DNL, TA, TEL, AGI, URC, even when they were being sold down hard.

So if we get a chance,
TEL at 2900 is a buy.
AGI at 23 is a one trench buy
SECB at 126 is a buy.
MEG, Im pining for, at 4.3
BPI at 88
SCC at near 100
GLO at 1600 is one tranche entry
DNL at near 10 is one tranche.

Patience, Luke.

Stay at 50% cash and enter your buy points ahead, if you dont have time to monitor closely. Play the short-term bounce if you have time to monitor.

(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.