Buying Oppurtunity

Hi Guys,
Its been a while since I update my blog about stocks, I'm just busy breaking-in my new motorcycle. Its really nice to drive a motorcycle, you can feel the breeze of the air running at 40 to 60Kph. The feeling was awesome!!! I couldn't go beyond 60 because that is just my limit and I'm still thinking of my safety. hehehe Ofcoure im wearing a Helmet!

With the PSEi stock de-accelerating from high at 3600 and now at 1900 level, what the hell have happen? Those fucking bullshit Americans, those living in credit, they deserve all the bad words. Their subprime mess, their credit, those assholes greenspan, bernanke, paulson, and bush! They are the one to blame. Hey, im serious! With the Philippines on the way to a great economy only to be influence by the DOW and other foreign markets. Too bad only too few filipinos invest in the stock market and mostly controlled and manipulated by foreign funds. It has a bad reputation. I hope many young filipino out there discover the wild wild world of stocks investing.
(some say it's gambling).

With our index heavily battered, it is an oppurtinity to buy blue chips stocks.
Telecom companies like PLDT (TEL) and Globe (GLO), this stocks still has its fundamental intact. Which still have their subscribers both on landline and cellular.
I think filipino will continue to text and call each day, forward message to each other. Which this companies have an all day text for only 20php. Imagine 1M subscribe each day to all text 20. Cashflow is still intact.

Banks like BDO and BPI. They are not heavily invested in the U.S. and still has a lot of cash to lend to the lenders.

GMA7, my favorite station. With only 4.6 per share. Just wait until 2010. Election time.

AYALA Stock! ALI and AC! The most admire corporation because of exellence and transparency. I think this very bargain.

All of this stock gives dividends, so you are not LUGE. Just think long term.
May be 2 years or more...

Ok, ok, Bargain get cheaper everyday. Just time your entry and if your not confident to enter the market right now. Just stay away and wait for the next bull run.

Happy Trading! cheers!!! :-)

MY NEW HONDA WAVE 100R

Bought Last Sunday, October 5, 2008

GLOBE Technical Analysis 10/03/2008

OPEN: 1,060 HIGH: 1,060 LOW: 1,030 CLOSE: 1,060

52 Week High 1,750.00
52 Week Low 960.00

% Discount to 52 week high : 39.43%
YTD : -32.48%

SHORT TERM TARGET:
Support - 1000
Resistance - 1060
Best Entry Price - 1020 or below
Trend - UP

LONG TERM TARGET:
Support - 960
Resistance - 1060
Best Entry Price - 1040 or below
Trend - UP

Take Profit Price - 1,200Php

I remain positive for long term outlook of GLO.
With closing price today of 1,060 with value of 102M.
With current ongoing promotion of text 24ever/Globe
visibility postpaid and prepaid kit. and other services.
and even TAKTAK mo at EAT BULAGA. hehehe
Cash flow still intact because text and call and more
and more subscriber everyday and TOUCH MOBILE (TM).
Just remain resilient and don't panic when the price
goes down especially now that the stock market is affected
by the crazy DOW. Just add position when it goes 4%/3% down and
quickly sell it when it rallies UP.
My prediction for this quarter is 1,300 at its highest and
will not go below 900 level. :-)