Stock Update as of December 20, 2012

Stock Update:

The PSEi experienced a correction and is a great opportunity to buy. This is what we call "dips". Imagine a mountain climber sprinting towards the top of the mountain. Every now and then, the climber needs to rest and catch his breath, before resuming his climb. Just like the PSEi, it needs to rest for a moment before moving upwards again.


MEG - cp 2.71, tp 3.34, bbp 2.9


MPI - cp 4.48, tp 6.35, bbp 5.65 *buy! (tp was decreased to 6.35 as per COL evaluations)


Ayala Corp (AC) - cp 528, tp - 520, bbp - 452 *sell.


Banco De Oro (BDO) - cp 75.3, tp - 86, bbp - 75 *stop buying.


Aboitiz Power (AP) - cp 36.7, tp - 38, bbp - 33 *nearing TP. be ready to sell.


EEI Corporation (EEI) - cp 9.9, tp - 10, bbp - 8.7 *TP was hit. sell!


First Philippine Holdings (FPH) - cp 88.85, tp - 110, bbp - 96 *buy!


JG Summit (JGS) - cp 38.4 tp - 40, bbp - 34.8 *tp was hit. be ready to sell.


Metrobank (MBT) - cp 99.1, tp - 120, bbp - 104 *buy!


SM Prime Holdings (SMPH) - cp 15.96, tp - 17, bbp - 14.79 *stop buying. be ready to sell.

Another choice would be to hold off buying for this month, and see the Future Valuations of COL next year in January 2013.

Merry Christmas to all, and a Prosperous New Year!