First-off, a warning: I dont get to check the market these days even on weekends, so Im stuck with the mostly BPI's capsule briefs. In this short recap, I check of course the volume and net foreign buying (or selling), and then check separately (at night) in forums specific stocks that they foreigners buy. BPI also usefully includes highlights of earnings report of some company. FLI was highlighted recently for having still an impressive year-on-year top and bottom line increase.
Further, FLI seems to have a healthy dose of foreign buying I added (to my existing holdings) at 1.57, Im now seeing 1.62-1.63. My bet is the foreign-buying would have fuel until 1.69-1.71. I will unload some at that level, depending on how thick the bid vol vs. sell side. If FLI goes back to 1.55 or less, I'll add more.
On the macro and other possible picks, consistent foreign buying at at least 400 M daily could also mean taking us back to 7400 PSEi and threatening 7600 this time, so continuously watch your favorite index stocks. AGI, SCC, et al. GTCAP and MEG--perennial picks of the week before--have surged ahead and left me. I hope theyll come back in my arms again...
