What happened today?
- PSEi closed at 6,420.42 pts (-40.96; -0.636%, 6.8B)
- AC -
- BDO -
- PX -
- LCB -
- LTG - bought some shares
- Gold $1,323.51
- B2 Gold @ 2.66 (support at 2.56?)
- Observations:
- MVC is top gainer and SGP is top loser
- Notes:
- I entered LTG @ 17.90 early in the morning. At closing it was @ 17.04, too bad I entered earlier. I used STS indicator signaling oversold levels however I was not able to gather news related to LTG.
- Browsing through Miner's thread at FM forum, he mentioned that LTG going down due to poor performance of Tanduay and lock in period from the FOO will be saleable soon and will add pressure
- A big red candle at today's trading session.
- Will I expect some more selling tomorrow? Yes!
- Will I average down? No, no more buying power.
- Will I sell? No.
- Anyway, I expect LTG to be back at 20 levels, just have to be patient. Meanwhile please check stock chart below for entry
- Also, I have observed that LTG does not spend to much time on oversold territory, I expect it to bounce back on Friday's closing or next week.
- Update: mixed ang reactions sa forum, may nagsasabi na maliit lang daw epekto ng pagkalugi sa sales, may nagcomment na due for a rebound na, ofcourse dun ako sa rebound, haha, just look into the charts imho :)
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| Fig. 1 LTG Stock Chart courtesy of COLFinancial |
- Watchlist:
- News:
- Y a o g r o u p b u y i n g M a y ba n k A T R K i m E n g
- U S s t o c k s f a l l f o r a 4 t h d a y
- C a v i t e - t o - L a g un a e x p r e s s w a y b i d s d e a d l i n e e x t e n d e d
- G o k o n g w e i e y e s S M C’ s M e r a l c o s t a k e
- Big banks' bad loan ratio dips in June
- Imports rebound in July on electronics recovery
- Ayala buying back higher dividend-paying preferred shares ahead of maturity
- Security Bank board clears early redemption of IOUs, sale of preferred shares
- Vista Land eyes $150-million debt sale overseas, aims for 15 pct growth next year
- Next bank stress test cycle to include Basel III – US Fed
- Bangko Sentral eyes broader Islamic banking system
- Dollar weakens in Asia on US budget fears
- IMF says brisk Philippines economic growth to continue
- Others:
- Tenorio takes charge as Ginebra nails last quarterfinals berth
- UP student wins contest using 'stolen' photo (shame on you a-hole, you are a complete disgrace to UP Naming Mahal!)
Blast Project will push thru tomorrow. I'll be back onsite on Saturday.
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