what i listened to today: Lessons from a decade of swing trading, and how to overcome early failure w/ Michele Koenig (31 oct 2015)

http://chatwithtraders.com/ep-044-michele-koenig/

what i read today: Do you really want to be a full-time trader? What you need to know if you want to replace your day-job (31 oct 2015)

http://www.tradeciety.com/fulltime-trading-what-do-you-need/

legacy's 52-week highs this friday (30 oct 2015)

legacy (leg for short) ... finance manila (FM) occasional poster and desert storm (DS) chatroom member daily shares stock tidbits in DS's chatroom ... among those bits of info are the stocks in the Philippine Stock Exchange (PSE) with the highest and lowest closing for the past 52-weeks ... with his permission .. id like to post here the stocks on their 52-week highs based on their closing prices as of FRIDAY, 30 october 2015 ....

the results: if u bet on last friday's 52-week high friday rule (27 oct 2015)

ive been making 52-week high friday posts for quite sometime now ... but i have not written anything on the results of the 52-week high friday trades .. mght as well start today ... ill post the results of the 52-week high friday bets made on the previous friday .. (for the 52-week high friday rule ... click this link: "Secrets of the 52 Week High Friday Rule"

friday 23 oct 2015 52-week highs 

1. MER/MANILA ELECTRIC COMPANY.

friday close: 320
monday open: 320
tuesday open: 313 (failed bet)

2. MIC/MINERALES INDUSTRIAS CORP.

friday close: 8.80
monday open: 8.81
tuesday open: 8.89 (successful bet)

3. PRMX/PRIMEX CORPORATION

friday close: 8.66
monday open: 8.64 (sell at the open: lower than friday's close)
tuesday open: (failed bet)

4. SMPH/SM PRIME HOLDINGS, INC.

friday close: 22.50
monday open: 22.80
tuesday open: 22.20 (failed bet)

results: 1 (success) vs. 3 (failures)

*results do not yet include commissions, etc

chart monitor: MIC/MINERALES INDUSTRIAS CORP. (25 oct 2015)

mic chart as of 23 oct 2015 

(click on the chart to enlarge)

remarks: 

stok notes: pse stocks with market capitalization of < 1 billion pesos (25 oct 2015)

yesterday, i was going over my stock notes and surfing the net for trading ideas from stock market forums, facebook groups and trading blogs, when it occurred to me that i dont have a quick-reference list of philippine stocks with below 1 billion pesos market capitalization. why do i need this kind of list in my trading? hehe .. well ..  because ... i need a list of  stocks with below 1 billion pesos market capitalization! .. hehe ...

honestly ... i need the list as these stocks are small caps with either limited liquidity, penny prices, and small or virtually non-existent businesses that are takeover and backdoor candidates with ceiling play possibilities ... some of my most profitable trades in the past came from this group of stocks  ...

so just for my reference (i may have missed one or two of them) .. here is my quick reference list of stocks with market caps of below 1 billion pesos with their corresponding market caps as of 23 oct 2015:

acesite hotels (ACE) 386 m
ag finance (AGF) 741 m
abra mining corporation (AR) 933 m
bh holdings (BH) 300 m
boulevard holdings inc. (BHI) 672 m
basic energy corporation (BSC) 514 m
bogo medellin milling comany (BMM) 296 m
city state savings bank (CSB) 728m
dizon copper-silver mines (DIZ) 673 m
easycall communication philippines (ECP) 450 m
ip e-game ventures (EG) 330 m
ever-gotesco resources and holdings (EVER) 810 m
first abacus financial holdings (FAF) 776 m
filipino fund inc (FFI) 386 m
forum pacific inc (FPI) 460 m
philippine h20 ventures corp (H20) 730 m
jackstones inc (JAS) 377 m
keppel philippine holdngs (KPH) 459 m
keppel philippine holdngs B (KPHB) 108 m
lodestar investment holdings (LIHC) 651 m
lmg chemicals corporation (LMG)  412 m
lorenzo shipping corporation (LSC) 699 m
medco holdings inc (MED) 420 m
millenium global holdings (MG) 640 m
mabuhay holdings corp (MHC) 660 m
mrc allied inc (MRC) 792 m
omico corporation (OM) 704 m
philippine estates corp (PHES) 434 m
prime media holdings corp (PRIM) 895 m
swift foods inc (SFI) 318 m
soc resources inc (SOC) 758 m
seafront resources corp (SPM) 482 m
trans asia petroleum corp (TAPET) 573 m
trans pacific broadband group (TBGI) 335 m
ptfc redelopment corp (TFC) 669 m
harbor star shipping services (TUGS) 738 m
unioil resources and holdings company (UNI) 540 m
wellex industries inc (WIN) 753 m
waterfront philippines inc (WPI) 925 m

STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!

send your comments/inquiries via email to: shingen_takeda00@yahoo.com

click here for my trading rules

today's rant: 24 oct 2015

there is a saying ...

those who can ... do ..
those who cant ... teach ..
whats worse ... they write books ...

another saying ...

in the land of the blind ...
the one-eyed is king ..
and it is artificial!

chart monitor: JFC/JOLLIBEE FOODS CORPORATION (24 oct 2015)

 

jfc chart as of 23 oct 2015 

(click on the chart to enlarge)

remarks: 

legacy's 52-week highs (23 oct 2015)

legacy (leg for short) ... finance manila (FM) occasional poster and desert storm (DS) chatroom member daily shares stock tidbits in DS's chatroom ... among those bits of info are the stocks in the Philippine Stock Exchange (PSE) with the highest and lowest closing for the past 52-weeks ... with his permission .. id like to post here the stocks on their 52-week highs based on their closing prices as of FRIDAY, 23 october 2015 ....

chart monitor: FJP/F & J Prince Holdings Corporation (23 oct 2015)

fjp chart as of 22 oct 2015 

(click on the chart to enlarge)

remarks: 

stok tots: possible VLL-STR merger? (20 oct 2015)

headline:

Villar mulls Vista Land, Starmalls merger

villar is thinking of merging vista land with starmalls ... will there be possible price action on these stocks based on this news?

quick stats: 

STARMALLS

outsstanding shares: 8.426 billion shares

market cap: 68.9 billion pesos

last price.: 8.18 pesos

assets:30.5 billion pesos

liabilities: 9.35 billion pesos

equity: 21.19 billion pesos

retained earnings: 13.08 billion pesos

book value: 2.32 pesos

eps (annualised): .08

p/e: 100 x (???)

VISTA LAND AND LIFESCAPES

outsstanding shares: 8.395 billion shares

market cap: 45.83 billion pesos

last price.: 5.46 pesos

assets:118.8 billion pesos

liabilities: 62.5 billion pesos

equity: 56.2 billion pesos

retained earnings:28.3 billion pesos

book value: 6.61 pesos

eps (annualised): .74

p/e: 7.38 x

source of data: PSE website

between vll and starmall ... str is obviously more expensive  .. possibly str's present price already reflects insiders' knowledge of the possible merger and they are saying ... vll will buy str ... and vll will be the surviving entity .. or vll will buy str's assets and make str a shell to be sold ... i dont know ... will watch what happens next 

i dont have vll nor str presently 

  

chart monitor: JFC/JOLLIBEE FOODS CORPORATION (18 oct 2015)

jfc chart as of 16 oct 2015 

(click on the chart to enlarge)

remarks: 

legacy's 52-week highs (17 oct 2015)

legacy (leg for short) ... finance manila (FM) occasional poster and desert storm (DS) chatroom member daily shares stock tidbits in DS's chatroom ... among those bits of info are the stocks in the Philippine Stock Exchange (PSE) with the highest and lowest closing for the past 52-weeks ... with his permission .. id like to post here the stocks on their 52-week highs based on their closing prices as of FRIDAY, 16 october 2015 ....

notes: Pointwest IPO (16 oct 2015)

Point West registered a net income of P120.9 million in the first half, an increase of 101 percent from P54.88 million recorded in the same period a year ago while net revenues rose 22.8 percent to P798.82 millionfrom P650.5 million.

http://manilastandardtoday.com/business/188603/2-firms-plan-ipo-in-december.html

Pointwest is targeting to offer the shares on November 26 to December 3 and officially list them at the stock exchange on December 11. The final price for the offer will be set on November 23.

The joint issue managers, joint lead underwriters and bookrunners tapped for the deal are SB Capital Corp. and Maybank ATR Kim Eng, while the financial adviser is Evercore.

Read more at http://www.mb.com.ph/p4-5-billion-ipos-filed-with-sec/#eqEUs0MRvsa1S70y.99

what i read today: The Holy Grail of making money: Compound interest: (12 oct 2015)

http://www.tradeciety.com/compound-interest-trading-holy-grail/

chart monitor: BDO/BDO UNIBANK, INC. (11 oct 2015)

bdo chart as of 09 oct 2015 

(click on the chart to enlarge)

remarks: 

chart monitor: FJP/F & J Prince Holdings Corporation (10 oct 2015)

 

fjp chart as of 09 oct 2015 

(click on the chart to enlarge)

remarks: 

legacy's 52-week highs (09 oct 2015)

legacy (leg for short) ... finance manila (FM) occasional poster and desert storm (DS) chatroom member daily shares stock tidbits in DS's chatroom ... among those bits of info are the stocks in the Philippine Stock Exchange (PSE) with the highest and lowest closing for the past 52-weeks ... with his permission .. id like to post here the stocks on their 52-week highs based on their closing prices as of FRIDAY, 09 october 2015 ....

stok tots: genius! bobo! (08 oct 2015)

ive been trading for 25 years now (this year) .. winning some trades .. and losing the rest  ... pero only today .. i got to know from one guru in a curated stock market platform (potaaahhhh  .. naglipana na ngayon ang mga hinayupak na guru na yan) ... that there is a safe stock pala! and safe for newbies pa! king ina yan ... bobo ko all these years!

what i read today:Taking Intelligent Risks: How To Stay In The Trading Game (04 oct 2015)

http://traderfeed.blogspot.com/2015/10/taking-intelligent-risks-how-to-stay-in.html

what i read today: What would the professional trader do? A simple hack for better trading decisions (04 oct 2015)

http://www.tradeciety.com/trade-like-a-professional-trader/

stok notes: MPI/METRO Pacific Investments Corp. (03 oct 2015)

from: MPIC considers listing hospital business after elections

Metro Pacific Hospital Holdings, Inc. (MPHHI)

MPIC’s partner, Singapore wealth fund GIC through its affiliates, invested P3.7 billion to take a 14.4% stake MPHHI. GIC can increase its holdings by an additional 25.5% stake if it decides to convert into equity some P6.5 billion worth of exchangeable bonds.

that gives MPHHI a market value of around 25.5 billion pesos ... plus or minus 200 million ...

The hospitals under MPIC’s health care group are Central Luzon Doctors’ Hospital in Tarlac; Davao Doctors Hospital; De Los Santos Medical Center in Quezon City; Makati Medical Center; Cardinal Santos Medical Center in San Juan City; Riverside Medical Center in Bacolod City; Our Lady of Lourdes Hospital in Sta. Mesa, Manila; Asian Hospital & Medical Center in Alabang in Muntinlupa City; and West Metro Medical Center in Zamboanga.

The healthcare group of MPIC plans to acquire about a dozen hospitals until 2019 in its effort to expand its reach beyond the capital.


from: MetroPac’s hospital unit eyes IPO in 2016

The conglomerate targets to expand this to 5,000 hospital beds over the next couple of years through acquisition and expansion of existing hospital facilities, with an annual net income of P1.5 billion.

stok tots: backdoors, rumours of backdoors, recent market movers (01 oct 2015)

in the midst of the current malaise and uncertainty in the local stock market, there are remarkable issues which have already given good returns to the brave ones venturing to trade ... id just like to put them on paper here for my cheat sheet  ...

1. yehey - On July 7, 2015, Vantage Equities, Inc. entered into a Share Purchase Agreement where an aggregate of One Hundred Eighty Six Million One Hundred Twenty One Thousand Seven Hundred Seventy One (186,121,771) common shares of the Company was sold to a group of buyers represented by Mr. Alfonso Yap Go, acting for himself and as attorney-in-fact of his co-buyers, for a consideration set provisionally at One Peso and Fifty Six Centavos (Php1.56) per share or a total consideration of about Two Hundred Ninety Million (Php290,000,000.00), subject to certain adjustments on or before the agreed closing date.

A Tender Offer from September 8 to October 6 was set for Ninety One Million Eight Hundred Seventy Eight Thousand Two Hundred Twenty Nine (91,878,229) shares @1.56 per share


Nothing yet on the plans of the new management for yehey ...


yehey reached 4.15 intraday  .. closing @3.56 


2. ionics - On September 4, it was disclosed that Ionics EMS, Inc., a subsidiary of the Company, is working with IBM as a key design partner to launch the IBM IoT Platform to enable organizations across industries to improve engagement with clients, accelerate technology innovation and enhance business operations...


since the disclosure ... ion shares surged from .485 to the recent intraday high of 4.18 .. now @3.53


a rumour on a possible agreement with the company leo novus was promptly denied by ion ...


3. lib - there was recent news that lib will have a possible joint venture with telstra .. it reached a high of 5 pesos intraday today ... closed unchanged @4.20


4. davin - rumours of davin being a possible backdoor target for lucio co's pharmaceutical business preceded the price action which woke up davin from its 1.20 sleep to a recent 52-week intraday high of 2.64 ... its presently doing 1.92  ...


5. med - did not find anything concrete that could have driven med from the .40s  to an iintraday high of .88 .. doing currently at .65