Monday, September 16, 2013

Stock Divi MBT Part 3

Last time I posted about the upcoming MBT Stock Divi here.

Today, I received the said 30% stock dividend. Yahoo!

Best things in life are free :)

Observations:
  • Today's price action saw MBT at P86.00 going up +5.20% at 562M value. It was 5th most active traded stock.
  • The additional 30% stocks brought my average price of P111.90 to P86.10. Before this, I was telling myself that my swing trading for MBT became a long term because of the -28% loss and no money to average down.
  • Now, my MBT is enjoying a 0.90% loss on its way going green as bullish candle was observed. 
  • If I have averaged down during the sell off last week, I could have gained already.
  • I will wait until signals tell me to sell then use money to continue buying experiments. :)

before receiving stock divi

after receiving stock divi


Lessons Learned:
  1. Stock Dividend - check!

Cheers!

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