If Im not able to do weekly picks consistently, I should at least write my moves.
And so, Im slowly reducing cash position and reentering the market. I thought the foreigners are evidently buying the solid Big Caps again, and we should have been in NFB, if not for the strong exits of foreign funds in SCC and DMC (which is warranted because of another mining accident).
I added to existing small position in AGI. Again, this is one issue that has never failed me before.
I bought also in PSPC (speculative), betting the harping that the company is doing will bring the price close to 3 or at least back to 2.8. The news about its mother company in Korea getting out of potential bankruptcy could also shore this up. This is not a company for long-term though.
Looking closely at BEL, if I should add.
I also like the recent insider buying in TA (see disclosures). Even Dean Viray's wife is buying. I might add to my existing small position.
Im in agreement with those who are betting that the index will go back up again to 8000. But whether it will breach 8500 is another matter. Im leaning more towards what TA's call a double top.
No comments:
Post a Comment