The November 5, 2007 Report

STOCK

The PSEi inched up today by +15.84 points, thanks to gains in Ayala Corp, and BPI, an Ayala subsidiary. Biggest decline of index-linked issue was TEL, which closed at ,2975 still far away from its close of 3,100 (-4%) same day last month.

This is amazing, considering that Asia-wide, all other indexes declined. One reason could be that stock market participants are expecting a rate cut. (If we still go up this week, then it's a sell on news once the rate cut does come out.) Or that earnings have still been generally above expectations. Supposedly PLDT is to produce quarter results today, but I haven't seen any yet on the net. Maybe tomorrow morning.

If its (PLDT) stock is any indication, well either the profits are just par for the course or just plain old profit taking from its highs. PLDT is such a big weight in the index that when it comes down, it pulls the index with it.

Let's monitor our Week's pick, details are: closing price, +/-% vs previous day's, top 3 buyers

ZIP 3.25 / +3.17% / PCCI ATR
OV 0.03/-3.23% / Coyiuto BPI (Coyiuto has been buying a lot lately, profit taking was due
to retreat of Asian oil prices)
PA 0.22/ +2.33% / Goldstar BDO
TBGI 3.10/ -3.13% / ABN-AMRO Belson (A disclosure came out later in the day about a
private placement of 35M shares to a foreign
investor) ABANGAN ITO!
FGEN 60.00/Flat/Deutsche JPMorgan (If you were a long term investor, say 1-2 mos, this
could be a good entry price)
AT 15.75/Flat/PEP Armstrong (still within that tight range)
APO 2.38/-2.46%/Goldstar Yu (follows AT)

STUCK

Well other than some of my stock positions, there's really nothing much to say about stuck issues. hehe.

Well look at Atlas Mining. There's a perfect example of a stuck stock. The mining stocks have been going up, yet a company like Atlas Mining, which is ALREADY shipping metals (I forgot what type), is the laggard.

SUCK

Nothing sucky at this point other than the credit crisis. Some stucks haven't reached their Q2 highs like the Ocier stocks - BEL, SINO, and APC.

Look out for these two too:

PCP
PEP

They were being jockeyed up during Q2 when rumors were rife of backdoor this and backdoor that.

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There you have it, my first formal report. Hope you guys like it. As much as I can, I'll do it daily. I still have to find time to tweak this blog to look better. I really hate these 'free' templates. Then again, it's free, so I can't expect anything mind-blowing hehe.