Trade Notes 8/22

What happened yesterday?

• PSEi closed at 6,136.73 pts (-389.22; -5.96%) 
• PH stock prices plunge
• MBT - 
• AC - 
• BDO - 
• PX - 

courtesy of COLFinancial

• Observations: 
• LIHC is top gainer and ATN is top loser 
• Notes: 
• Time for discount buying (added AC and BDO)
• If MBT goes further down, I'll just wait for the stock divi and sell all come December when it is the season to be jolly :)
• Watchlist:
• 
  
• News: 
• Asia stocks stinks as Fed hints at stimulus phaseout
• Philippine market faces rough ride
• PH, other Asian economies warned against bypassing manufacturing
• US stocks fall as Fed's tapering timeline stays unclear
• PH urged to focus on manufacturing
• Policy overhang keeps PH stocks in check
• Others: 
• A P1-billion 'Museum of Me' (CPG related)

I am not scared that my portfolio is bloody red. I am taking the opportunity to buy my long term chips on discounted prices. I am very optimistic that we will reach higher tides soon. I haven't done any TA with my buying today. I relied on my vision... 20/20 hehe...

If it goes down, I will buy again. Average down, yes, because what goes up must come down. It's a cycle, you just have to wait and... believe...

Cheers!

Lessons Learned: 

1. "The world is still there even if you close your eyes..." -Memento,2000

Links:
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