Metrobank’s Historical Trade of Php100 per share – The vanity share

An oddlot trade of 5 shares bought at Php100/share was executed today. Well i hit it *ngisi ala general kumag*. Officially though the first investor to hit/buy MBT’s Php100 is a buddy of mine, senor John. Ang kokontra ay KJ 😛

MBT – Metropolitan Bank and Trust Company

BID VOL		BID PRICE		ASK PRICE		ASK VOL
9,770		99.85		99.90		19,440
18,750		99.80		99.95		174,990
23,500		99.75		100.00		647,700
18,000		99.70		100.10		3,240
13,000		99.65		100.20		10

TIME		PRICE		VOL		BUYER		SELLER
11:45:44		100.00		5		COL		EASTERN
11:45:44		98.00		3		COL		PAN_ASIA
11:45:16		99.85		230		CLSA		COL
11:44:53		99.90		100		COL		COL
11:44:23		99.90		5,000		CLSA		JPMORGAN

HIstorical Mark – Metrobank and Oil

Last 2008, a certain trader named Gerry who hit the “first” $100/bbl price of oil made a record, well..of course, a record of the first “someone” who bought oil at $100/bbl. the seller, Richard Arens. was of course…. an oblivion momentarily to that trade as crude dudes and dudettes only uttered who the buyer was.

To the trader/investor who will mark MBT’s first Php 100/share, this is your moment. Although another bearish divergence is brewing.

Yesterday so cute, now its very cute – TDY

Tanduay goes on voluntary trading suspension today (July31) due to “material” matters to be discussed at today’s board meeting

This is so cute

Pre open. Time is 9:12am and a single bid of 1,000 shares only.
Funny *grin*
TDY – Tanduay Holdings, Inc.

BID VOL BID PRICE ASK PRICE ASK VOL
1,000 4.95 4.95 1,000
0 0.00 4.96 4,000
0 0.00 5.00 1,000
0 0.00 5.05 5,000
0 0.00 5.15 200,000

Forex: “Pataka” System

Pataka^  is a bisaya/hiligaynon word which means pointless or baseless.

The “Pataka” system main objective is just to trade continuously, of which its main objective was revealed on SMP Forex thread.

Later on, if i can find a good programmer, “Pataka” system can be modified as reversed-martingale, of which the idea is not to average down but to buy on the way up until the trend goes toppish. by doing so, the system will generate a single open position once the trend is momentarily over. it can also be modified by being both a real martingale and a reverse one, provided using a highly low leverage units with a 10-pip pt.

The Pataka System

Some notes – ELI,FGEN,RLC,TDY

some notes:

eli bearish divergence still. needs 0.94 today to negate. this is on a weekly basis.

fgen, needs 18.86 to zoom up to parabolic status, otherwise may experience some breather which is but normal. if u happened to have fgen, u can sell some and buy on pullbacks later.

rlc,. negative divergence on its weekly chart. toppish

tdy on its daily chart went parabolic. weekly looks promising as well as it hurdle past its rsi resistance. tdy if ever went back to 4.70, not good.

all charts can be found @ blog

be well. God bless.

RLC – threat of divergence

RLC Weekly chart

My Comment to Senor John Mangun’s Article

You should not invest in the stock market
by John Mangun / Outside the Box

TOO many of the people that invest in the stock market only have a minimal understanding of what it is all about. Most people should not invest in the stock market.

If you believe there is a fool-proof strategy for making money in the stock market, you should not invest. I wish there was, but after more than 30 years in this business, I have yet to find one. There is no guaranteed winning formula. Anyone who tells you that there is, is either a fool or a liar.

The most popular “guaranteed” strategy is one of several variations of dollar-cost-averaging. You buy the same peso amount of shares of a big blue chip stock every month and eventually you will be a millionaire. It is based on the idea that stock prices will always eventually go higher. The other premise that the “expert” does not tell you is that you better not ever need your invested money until you do become a millionaire. They like to quote Warren Buffet saying, “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”

Read more….

 

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Comments can be found here:

i love your discipline senor Mangyan Damian and I hurray for your massive gains :). like senor John Mangun, i agree on his pov as well. although not 100% on the sort like dollar cost averaging (here locally changed to a lot of styled names but same idea). sometime ago, i posted that greed is a commodity that is very easy to sell and patience is not. u sell the basic of investing in the stock market to new investors with risk attached to it and they yawn. u sell an easy money investing in stocks with a promise of a high return and they all say wow. investments groups here in FB are not spared. look around, left to right, from sun rise to dawn, majority of people post or talked about speculative stocks. Its either i lost my balls or theirs got bigger. Long term investing like Greed sells well too. Most think, Its sort like a risk free investment because your time horizon is longer. Most that i know though and most that have corresponded to me whose outlook is long term, pee on their pants when AC drop big this week. Well what happened to, “i love it when its dropping because i can buy more”. thing is, my 7yr old kid can recommend a long term stock. honestly he can.. and everyone can.

FGEN Weekly – Testing Parabolic RSI 70

A breakout of rsi 70 will yield another run up. An “untog” or being resisted means a breather.

trader’s strat: sell now, wait for pullback. but if fgen goes parabolic weekly, re-enter. better to get whip.

 

ELI Cup & Handle, but RSI says otherwise

For now RSI says otherwise.