if i were a short term trend follower*: MED/MEDCO HOLDINGS, INC (16 APR 2017)

MED chart as of 12 APR 2017 

(click on the chart to enlarge)

remarks:

1. MED closed unchanged at 68 centavos ...

2. bottom/support: 64 centavos ...

3. top/resistance: 73 centavos ...

3. the macd histogram is above the 0 - horizontal ... it is lower ...

4. MED is in a tight range right now ... since middle of february pa sya ganun .. 64 - 73 centavos ... tulad ng nasabi ko last time i blogged about MED (click here) .. "it is not doing anything ... not nice for a trend follower ... if i were a short term trend follower* ... ill wait muna ... maybe if it goes above 73 ... then maybe ill consider buyng ..." ... nasa midpoint sya ng range .. so im not doing anything ... mabuti if nasa bottom of the range or nasa top .. i may consider buying ...   pero nasa gitna e ...

* what is a "short term trend follower"

* these notes are good only for the next trading day ... and NOT for the subsequent trading days 

* these notes are mine alone ... and are for sharing with short-term trend followers

for more philippine stock market views and information please check:

FINANCE MANILA

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!

click here for an explanation of the indicators ...  

click here for my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose.

if i were a short term trend follower*: MED/MEDCO HOLDINGS, INC (26 MAR 2017)

MED chart as of 24 MAR 2017 

(click on the chart to enlarge)

remarks:

1. MED closed higher to 68 centavos ... up 1.49% ...

2. support: 65 centavos ...

3. resistance: 73 centavos ...

3. the macd histogram is above the 0 - horizontal ... it is higher ...

4. MED is in a tight range right now: 65 - 73 centavos ... it is not doing anything ... not nice for a trend follower ... if i were a short term trend follower* ... ill wait muna ... maybe if it goes above 73 ... then maybe ill consider buyng ...

for my last MED ... click here: if i were a short term trend follower*: MED/MEDCO HOLDINGS, INC (26 FEB 2017)

* what is a "short term trend follower"

* these notes are good only for the next trading day ... and NOT for the subsequent trading days 

* these notes are mine alone ... and are for sharing with short-term trend followers

for more philippine stock market views and information please check:

FINANCE MANILA

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!

click here for an explanation of the indicators ...  

click here for my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose.

if i were a short term trend follower*: MED/MEDCO HOLDINGS, INC (26 FEB 2017)

MED chart as of 24 FEB 2017 

(click on the chart to enlarge)

remarks:

if i were a short term trend follower*: MED/MEDCO HOLDINGS, INC (16 FEB 2017)

MED chart as of 16 FEB 2017 

(click on the chart to enlarge)

remarks:

if i were a short term trend follower*: MED/MEDCO HOLDINGS, INC (04 FEB 2017)

MED chart as of 03 FEB 2017 

(click on the chart to enlarge)

remarks:

if i were a short term trend follower*: MED/MEDCO HOLDINGS, INC (30 JAN 2017)

MED chart as of 30 JAN 2017 

(click on the chart to enlarge)

remarks:

chart monitor: MED/MEDCO HOLDINGS, INC (17 DEC 2016)

MED chart as of 16 DEC 2016 

(click on the chart to enlarge)

remarks:

chart monitor: MED/MEDCO HOLDINGS, INC (14 OCT 2016)

MED chart as of 14 Oct 2016 

(click on the chart to enlarge)

remarks: 

chart monitor: MED/MEDCO HOLDINGS, INC (10 OCT 2016)

MED chart as of 10 oct 2016 

(click on the chart to enlarge)

remarks: 

chart monitor: MED/MEDCO HOLDINGS, INC (08 OCT 2016)

MED chart as of 08 oct 2016 

(click on the chart to enlarge)

remarks: 

chart monitor: MED/MEDCO HOLDINGS, INC (17 SEPT 2016)

MED chart as of 16 SEPT 2016

(click on the chart to enlarge)

remarks: 

chart monitor: MED/MEDCO HOLDINGS, INC (13 SEPT 2016)

MED chart as of 13 SEPT 2016

(click on the chart to enlarge)

remarks: 

chart monitor: MED/MEDCO HOLDINGS, INC (03 SEPT 2016)

MED chart as of 02 SEPT 2016

(click on the chart to enlarge)

remarks: 

chart monitor: MED/MEDCO HOLDINGS, INC (31 AUG 2016)

MED chart as of 31 aug 2016

(click on the chart to enlarge)

remarks: 

chart monitor: MED/MEDCO HOLDINGS, INC (05 JUN 2016)

med chart as of 03 june 2016 

(click on the chart to enlarge)

remarks: 

MED/MEDCO HOLDINGS, INC (20 jun 2014)

med chart as of 20 jun 2014 

(click on the chart to enlarge)

remarks: 

stok tots: buying med anyone? 26 mar 2013)

quite strange that people all of a sudden are concerned about med's fundamentals ... they missed the whole shebang kasi 1 cent na lang par value? .. tsk tsk .. and mga beteran tsupiteros pa mandin pero takot mag trade kasi 1 cent na lang par value? wehehe

is our trading based on par value? obviously hindi .. since how come med even reached a high of 73 cents kanina .. were the people buying and selling kanina looking at par values? of course not .. they are trading using actual market prices ... in real time ...

so where is this 10k or 1k coming from (assuming you invested 100k)?

there is nothing in the disclosure about a reduction in no. of shares .. only the par value will be reduced (item no.1) .. so sino mag hair cut? not the traders kanina .. yung mag haircut .. yung mga original incorporators who contributed 1 peso per share for a total of 700 million shares .. their 1 peso is now worth .01 peso .. or 700 million divided by 100 or 7 million pesos .. which is again mentioned in no.1 of the disclosure ... i did not do the math on the deficit of med .... but the reduction in par value is supposed to do magic in the books of med .. wiping out the deficit ...

at 1 cent par value .. the med magicians will now create new 463 million x 100 shares .. or a total of 470 million capitalization:

7 million pesos (700 million shares x 01 par value) - item no.1 in the disclosure
+
463 million pesos (463 million shares  x 100  x 01 par value) - item no. 2 in the disclosure

= 700 million shares + 46.3 billion shares @ 01 par value
= 47 billion shares x .01 par value
= 470 million pesos new capitalization

private placement worth 117.6 million pesos ... or out of 47 billion shares ..  117.6 x 100 or 11.76 billion shares will be subscribed in pps ... .. item no. 3 in the disclosure

yan .. yan ang dilution ... from the 700 million original shares .. meron magsubscribe ng 11.76 billion shares

total shares = 700 million + 11.76 billion shares = 12.46 billion shares @ .01 par value ..

so ... assuming  all things being equal .. given the disclosure ... eventually med will be having a .58 cents x 12.46 billion shares =  7.23 billion pesos market cap .... @.58 cents closing price today

so magiging makano ang med eventually? .58 cents? .0058 cents (but x100 more shares)? wahahaha .. op kors ... the market will decide .. which will be dependent now on the new business/assets/chuvachoo to be infused by the new management .. we have a lot of previous examples ...

op kors .. i can always be wrong .. just my 1 cent par value contribution to the question of master DRAGON of finance manila

ill be glad to hear the opinions of masters mr. banker and mr. philinvestor ;)

today's log: med, mpi, mbt, gtcap

sold my last batch of med's ...

sold all my gtcap's

added a few more mpi's

bot a few more mbt's

today's log: med, stok oxox (26 mar 2013)

trades yesterday 25 mar 2013)

sold some more med

bot initial position  stock oxox

from a reader: "how do u pick stocks?" (25 mar 2013)

got this message this afternoon from a finance manila member ...

     Hi xxx,

Hope you still remember me, ako yung nagtanong sa iyo last time about how do you pick your stocks sa Wealth event last year. And thank you for answering, eversince I always read your blog. Is it ok if I ask you another question? How do pick your stocks even if its sleeping or stagnant (wala masyadong pumapansin) that it will go up eventually (i.e. FFI, Chips, MED)?

Thank you

my reply:

hi .. there were 2 of u magkasabay if im not mistaken .. sino ka dun?

chips .. the financial statement of chips looked good .. and when chucky bought a lot thru a block sale last year .. i had a strong feeling then that it will move sooner or later ... august tayo yata nagkita nun sa wealth event ... septemper pa lang gumalaw na .. pancake house lang yun isa ko pa nasabi noon .. ang nangyari .. instead na tumaas .. may malaking shareholder nag selldown ... mga 500k shares yun from 10 to 6 pesos sya sell down .. so no choice talaga market but to just stay away hanggang maubos ... and it is still below 10 pesos until now ... i was disappointed barya binigay divs this year .. but im not selling my pckh ... it will have its day and move like sevn  

ffi .. matagal ko na hawak yun .. buy sell lang ako .. small float .. healthy financial statement .. sooner or later .. i know titirahin .. well .. ting! 100% stock divs! .. so tinira .. i sold last week sa mga 23 .. i still have half my position ... waiting to sell anytime if tumaas taas pa ng konti ... greedy pa ako e  

med .. hahaha ... tingin ko may nag short from 60 to 30 nung lifting ng trading suspension last week .. so .. easy .. no brainer ... no other thing to do but .. buy!!! kasi he has to cover eventually ... i bought sa 30 ... next day short ulit from 30 to 20 .. nag dagdag ako .. the rest is history .. nag ceiling yata kanina .. i sold 75% of my position na .. bukas we will see if i have to sell or buy more ...

so no secret really in my picks .. just basing lang from experience and gut feel and lakas ng loob ... dalawa lang naman yan .. either tama desisyon ko at kikita ako .. or mali ako at ill lose money .. luckily .. sa ffi, med and chips .. lahat profit ... 

plus .. good intelligence sources and may network ako sa trading floor thru my brokers .. sila taga ikot ko if meron ako gusto malaman from other brokers .. so bago pa lang mapost sa mga stock market forums kung ano chismis .. naka timbre na ako .. tatawagan lang ako ng broker ko ano chismis/news during preopen ... 

meron pa isa ako binili kanina ... katatapos ko pa lang mabasa yung financial statement over the weekend ... bingo ulit! tumaas din .. how high .. i wont tell kasi mahuhulaan mo ano ito .. im not prepared to share it yet .. im making this my second largest position after xoxo ... kulang pa hawak ko e ... but ill be accumulating this one over some time .. based sa financial statements .. it has the potential to give a 400% stock dividend .. and therefore fantastic price action like ace which gave a 250% stock div last year ... pero i dont think it will happen this year ... but it has no choice ... eventually it has to give the shareholders divs ... 

anyways .. tnx for reading the blog .. i hope i was able to address ur inquiry ..

p.s. in my reply above .. i said i bot med @ 30 cents and med went down to 30 cents on the 1st day of trading after  the lifting of suspension .. i checked the pse website and the low on the first day was 36 cents ..  sa 2nd day pala ako bumili ... when it opened @ 33 cents ...  went down to 20 before closing @ 28 ... i added a few more med the next day ...

sori for my confusion .... im typing from memory .. sensya na ... mahina na retention powers ng lolo nyo :(