So I apparently haven’t posted since mid-May (around 2 1/2 months ago).
Bought the following shares in May 2018:
- 3: DD @ ₱31.30
- 10: FMETF @ ₱117.00
- 11: JFC @ ₱285.60
- 17: FGENG @ ₱109.00
- 18: DMC @ ₱10.34
- 18: MWIDE @ ₱20.90
- 21: SPC @ ₱5.45
- 21: HLCM @ ₱8.90
- 30: CLC @ ₱7.35
- 31: MPI @ ₱4.74
Sold the following shares in May 2018:
- 11: MPI @ ₱5.42
- 31: MEG @ ₱4.69
The market has finally been recovering the past few weeks. It was a good thing that I had some cash dividends coming in that enabled me to buy some shares while the market was low. Admittedly, I had to start selling some shares to buy other shares, e.g. I sold MEG @ ₱4.69 on the 31st as I expected MPI to go to a higher price than MEG (I thought of MEG @ ₱4.69 being undervalued, but I thought of MPI as even more undervalued).
Of the shares I bought in May, the only ones in the green are DMC, MPI and SPC (taking into account the ₱0.40 cash dividend that had an ex-div on Jun 6 and paid out on Jun 27).
The ghost month is coming on August 11 and it may be a good time to get ready to buy PSEi related shares. Twitter user @PH7641 tweeted a great $PSEi heat map back on July 31 that may help make one believe in the dreaded ghost month. I personally think that it mostly hits my FMETF as I intentionally try to include non-PSEi stocks. Maybe I could sell some second-liners to buy PSEi related shares if they tank again.
I completely missed the bus on ION as I was trying to learn a bit about technical analysis. I should have just bought some (20% ago) instead of hesitating. I didn’t have the cash to buy the recent increase in AEV even if it was in my buy list the past few weeks.
Current stocks I’m thinking of buying (and Friday’s closing price) are: ABS (24.40), BLFI (2.75), BLOOM (10.08), PMPC (6.83), PNB (45.50) and ROX (3.21). I almost bought SSI after the burger chain announcement… but it went up too fast. If AEV levels off or lowers a bit, I might also buy some.
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