Quite Nervous With PRIM

Right now, I'm quite nervous on a speculative stock I've purchased today -- PRIM.  I know that there will be gonna a play in here because of PLDT's acquisition on ABC 5.  In fact it did.  From a closing price of 0.79 centavos last October 21, rosed up to 3 pesos as of today's closing price.  I know I am already too late if I've entered the trade considering that the stock climbs upto that price rapidly but yet I still entered.  The good  thing is I only bought half of the position size I've calculated.  The bad thing is I've entered a trade that is against my trading plan.  Whatever happens, if this stock opens below 3.00, I'll sell it immediately.

Stock Trading Pointers Update

How could I miss this very important reminder on my stock trading pointers post.  This should be emphasized on pointer #8 but I think this should be the #1 rule:

You should always protect your capital and whatever gains that you have by having a good exit point or a protective stop (stop loss).  Know when to take loss or take profits.  Put away that #1 and the most serious sin:  PRIDE as this applies to all things even in the stock market.

Happy trading :-)

MEG Breakout

Finally after consolidating for a month, MEG had already breaks out.

From the chart above, we can see that the symmetrical triangle pattern had broken and the price had ended up with a long white candle plus I also saw that the foreigns began accumulating this stock so there's something is going on as also indicated by the size of the volume.  If the DOW ended up 3 digits at the upside, that 1.63 barrier will be easily breached and price will be headed at its next resistance of 1.7.

Back In Manila

Finally I arrived at home. I missed my bed hehehe. Good thing that my flight headed straight to Manila and no longer went to Guam. Although there is still delay (typical of PAL as what my father says) at least I arrived here safe and sound

@SFO International Airport

PAL will open at 6PM SFO time & my departure time is still at 10pm. So what I am doing right now to kill time. Download!!!!

Typhoon "Ondoy"

It is so depressing when I see pictures of the flooded areas caused by typhoon "Ondoy" (International name Ketsana). Currently I am still in the U.S waiting for my plane. It was a little bit late when I've heard the news, but after hearing it I immediately called my family and fiance back at home. Good thing that my family is ok. However my fiance was stranded on the church nearby in her house since it is heavily flooded :-(. I'm still glad that she and her family are safe.

I feel guilty thou that I am here having a training for the week and went to visit San Francisco and some other places having, fun during weekends while my home town is flooded.

Frankly, it is my first time to go abroad and upon hearing this news from your home is depressing. I am at the other edge of the world and too far away to help them whcih makes me think that I want to go home immediately.

Anyhow, I'll be going home now to see that everyone is ok and help others.

BTW, for those who want to donate to Red Cross please refer to this link

Philippine National Red Cross -- Typhoon Ondoy