Flirting over, Now the 4play

As of trading time 11:45am, Ni stands @ 4.15

4Play (coz trading range 4pesos plus – 4.10 to 4.70/4.90 within 3 weeks) is in effect.

Weekly

Pepsi Update (PSE:PIP)

Was expecting a big move last week, none happened. analysis wrong. consolation is a its was neutral.now i’m picturing it again amidst odds favoring sellers of bid/ask volume (as of this posting). caveat.

Bank of America (NYSE: BAC)

Update IPVG (PSE:IP)

after the divergence made on our last posting, a quick bounce play followed for a quick buck. at current state, ipvg is in a crucial battle to hold its footing. caveat.

the scenario above is for the brave only.

Bronco Drilling Company (NYSE: BRNC)

Triggered a buy signal earlier as price pierced through its 50MA at 5.40 coupled with RSI50. Cons is average volume per day is small. Careful in buying at market prices as volume on ask price is thin. caveat.

Jap Stocks

Alsons Consolidated Resources (PSE: ACR)

Weekly chart still uptrend (pls see previous ACR weekly chart) but Daily  chart have broken down from its bearish flag formation, suggesting it may retest support at 0.86. caveat.

Advisory: Updates on US Stocks Citi & Aig

On previous post, after Finacial stocks C & Aig triggered there buy signals, we were lucky to be nsync with there nice run. Citi made a high of $38+ before making a bearish close at $35+ today. Sign of weakness (specially if “ongoing” price < open) dictates that taking profit is a must.

Aig closed at the high of day at $4.18. Stops should be in place as not to waste profit. Any sign of weakness means take profit. Opening price is crucial.

caveat.

Blue Chip Stocks’ Book Value

For reference. Prices as of trading time 11am March 12, 2010.

Source: http://www.technistock.net

NOTE: All pics here, please click to make it larger.

Wrong Timing – PSEi March 12, 2010

Today the Philippine Stock Index drop 36 points (-1.15%) because of PLDT’s P125 peso adjustment (-4.66%). As the index was near it previous high and ready to breakout, then came PLDT’s ex-date (today,  March 12) for a huge Php141 cash dividend. Naturally, price of PLDT will adjust accordingly to the said cash dividend. From previous closed of Php2,680, its adjusted price is Php2,539. At today’s ongoing rate of Php2,555, PLDT is supposed to register a gain of Php16 based on its adjusted price. Unfortunately, the system does not recognized adjustment of  prices for cash dividends.

Jap Stocks

3) Nihao Minerals Resources  (PSE:NI)

Flirting only, but no penetration.

Weekly chart – still uptrend (pls see previous NI weekly charts)

Previous NI charts