Trader's Logbook

MANILA, Philippines – Coal Asia Holdings, which holds the country’s second-largest coal reserves, said its initial public offering (IPO) will list 800 million shares on the Philippine Stock Exchange‘s (PSE) first board by the fourth quarter of 2012. In a statement, Coal Asia chairman Harald Tomintz said the IPO will be priced at par value, [...]

ELI, FPH and FMIC are among the stocks that are on top gainers list with relatively big volume. Others on the list are not really doing good volume-wise. # Stock Code Last Change %Change Value 1 APM 0.0180 0.0020 12.50% 627,500 2 BC 24.9500 1.9000 8.24% 871,310 3 IS 0.0500 0.0030 6.38% 5,000 4 CHIPS [...]

A dark cloud cover hovering at the top of the uptrend signifying bears are overrunning the bulls of the previous day. Bearish Dark Cloud Cover Pattern is a two-candlestick pattern signaling a top reversal after an uptrend. We see a strong green real body in the first day. The second day opens strongly above the [...]

Hammer at the bottom of the downtrend signifies a trend reversal. It was confirmed today by having a large green candle with good volume. This is now bullish. Caveat!

Stock Markets Performance around the World (YTD as of July 20, 2012) Rank Country Stock Market Index YTD % Return 1 Venezuela Caracas Stock Exchange IBVC 110.58% 2 Pakistan Karachi Stock Exchange KSE100 28.35% 3 Turkey Istanbul Stock Exchange XU100 21.86% 4 Philippines Philippine Stock Exchange PSEi 20.89% 5 Estonia Tallinn Stock Exchange NASDAQ OMX [...]

Another blood spilled on the US Market floor. Are we going to see red flags up for PSE today? There is really no big news, not even the SONA, that will act as big catalyst for our market to move north. 9:30 Silent start for our market 9:37 DIZ and ABG has been supported by [...]

PHNOM PENH—Southeast Asian nations on Friday vowed to work towards a “code of conduct” in the disputed West Philippine Sea (South China Sea) as it committed to respect international laws in settling disputes. Current chair Cambodia announced that the Association of Southeast Asian Nations had agreed on six principles on the sea, where tensions have [...]

PHILEX MINING CORPORATION Are we going to see some action for this stock tomorrow? Basing on the chart we have a downtrend and at the bottom of it is an engulfing pattern. Bullish Engulfing Pattern is a pattern characterized by a large green real body engulfing a preceding small red real body, which appears during [...]

Watch mode for SMPH as it might pick up volume and push the price up soon. How soon? Your guess is as good as mine!

On a lighter side, lets take a look at how B1 and B2 the famous cartoon character duo talked about PGOLD

PGOLD bounced twice after hitting a certain level of support, will it repeat its performance?

# Stock Code Last Change %Change Value 1 PRIM 1.6000 0.2600 19.40% 47,620 2 MIH 2.9600 0.2300 8.42% 256,760 3 ABA 1.0000 0.0700 7.53% 53,245,520 4 LFM 43.5000 2.5000 6.10% 8,700 5 ATN 2.3200 0.1300 5.94% 946,910 6 FPI 0.2700 0.0150 5.88% 236,900 7 APXB 5.2900 0.2900 5.80% 1,894,528 8 JTH 2.5800 0.1400 5.74% 46,650 [...]

Pinoy will delivery his SONA today. Will there be a big move on the stock prices? Will mining go up or down? It depends upon who the traders/investors view the SONA. Let us hope the movement will make us happy at the end of the day. 9:30 I smell blood 9:43 DFNN is not moving. [...]

ALPHA nears completion of P3B grade-A office bldg., expects to earn P4.4B in over 8 years. CAL is raising authorized capital stock from P845.4M to about P2B to facilitate the issuance of shares to potential investors. To offset debt, purchased all issued and outstanding shares of Agri Phil Corp. and real estate properties offered by [...]

Is this the moment DFNN holders been waiting for? Aside from the news about raising capital (http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=829851), we can see a bullish pattern at the bottom of the downtrend. If this Bullish Engulfing pattern WILL BE CONFIRMED on Monday then we might see a good rally for the rest of the week.

When people are looking to invest their money, they want the best choice that is going to make them money in the long run. After all, with every investment a person makes, they want to have some kind of return on it. The two most common investments that people make is into the stock market [...]

DFNN has been in a downtrend for quite some time now with a very few volume per day. Will this news awaken this stock? DFNN clears way for future fund-raising amid gaming push MANILA – DFNN Inc. is widening its equity base to support future fund-raising plans as it capitalizes on the booming gaming industry. [...]

Manila, Philippines -  Philippine stocks continued to decline yesterday due to a lack of market-moving news in the local front, analysts said. The Philippine Stock Exchange index (PSEi) gave up another 31.18 points to settle at 5,189.37. A total of 2.40 billion shares worth P4.70 billion changed hands at yesterday’s trading. Market breadth was negative [...]