Stock Update as of May 8, 2013

I gave out a HOLD signal from buying anything earlier. Please see this link for the full details:

http://pse-investing.blogspot.com/2013/05/hold-from-buying.html

What this means is that, if you added capital, refrain from buying for now. Why? Because prices might become cheaper in the next few days.

For those that do not know the term "support", this is the price level wherein if a price goes down in price, it is the level where people/buyers "feel" that the stock is cheap and will buy that stock once more. This rush in buying stops the stock price from going down further and is termed as the "support level".

Moving on to the update, congrats to MER holders for hitting the target price. I will soon remove MER from our next stock update.

As you can see from the above photo of PSE's price movement today, it started going up to the 7,185 level, and dropped back down to the 7,175 level until lunch break. Continue to observe the movement until this afternoon and tomorrow.

So based off the update above, we can see that EEI and COG have the largest upside. MPI is nearing TP, so I would set a GTC (for COL users) order to sell at P6.55 already by now. COL changed GTC order duration from 7 days to 60 days.

For non-COL users, try and see if there is a sell order that makes your order valid for 7-days or more.


As always, caveat emptor and may God bless your investments.

~Crimson