CHP or cemex has been a darling of a certain segment of the philippine stock trading population since its IPO last year ... its been their darling that they have it until now ... from its IPO price of somewhere in the 11s until today at 4.78 (as of todays writing at 11.52 a.m.) ... napaka loyal talaga nila no? kasi tataas naman daw talaga ito ... (hahaha oo tataas nga ... pero kelan?) pero look at it now ... its down more than 50% na since its IPO ...
pero teka ... ano naman ang sitwasyon ng iba pang listed cement companies jan? ang HLCM (or holcim cement) has been also down ... from its recent high of 17.30 ... down to 12.12 (as of 11.58 a.m.) ... yun EAGLE na recently din nag IPO ay also down din ... from its high of 16.60 to its low of 14.56 today (nag intraday low pa kanina at 14.44)
with all the listed cement companies experiencing their lowest (or their YTD) lows at the moment ... di naman siguro kataka taka na wala akong trading position ni isa man sa kanila (i have a certificate of HLCM na nabili ko pa nung Davao Union Cement pa sya pero iba istorya naman yon)
of course iba pananaw ng mga may hawak pa nito (hindi para sa inyo ang article na ito) ... im just making a note sa mga wala pa nito (CHP, HLCM, EAGLE) na gusto bumili sa kanila ... if im a
short term trend follower* and id like to buy into any of these stocks ... id wait muna ... oo nasa lows na sila ... pero pababa pa din sila e (except for CHP na above the 0 - line pa din ang macd histogram nito)... at pababa pa din yun price ...
... id buy lang if:
1. the macd histogram is below the 0 - line;
2. up ang histogram
3. up ang price and
4. wih the corresponding cutloss price
in the meantime ... hanap muna ng iba shares na positive sa 4 conditions na nabanggit ko sa taas ...
*what is a short term trend follower