Bought and sold since Dec 18, 2017

The following are the buys and sells I had since my Dec 17, 2017 post.

Sold the following shares in Dec 2017 and Jan 2018:

  • 28: MBT @ ₱99.45
  • 3: MPI @ ₱6.88
  • 9: LTG @ ₱20.90

Bought the following shares in Dec 2017:

  • 29: FMETF @ ₱130.50
  • 29: PIP @ ₱2.15

Kicking myself for selling both MBT and LTG. More so with LTG as I sold all my shares. I still hold a decent amount of MBT. I’ll probably buy some FGENG soon and I’m still wondering whatever happened to SHLPH dividends. I’ll definitely unload some when the price goes above IPO as I have too much in my portfolio. WLCON is going nuts but I’m still holding it for now though. I might buy LTG again if it goes down to around ₱22+. I think the turnover is justified at these record-breaking points and had to sell for my own subjective risk management rules. Professionals supposedly go broke by taking small profits (my LTG had 68+% profit though). I’m happy as long as my trades are on trend and take profits to preserve my capital.

 

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Sold MWIDE, MEG

Sold the MWIDE I mistakenly bought two weeks ago @ ₱17.72 for ₱18.48. That just gives me a cautionary tale that I should try to give it a second thought before trading as it reminds me of Eugene Fama’s Efficient Market Hypothesis. If you aren’t familiar with it, here’s a couple of links:

It also makes me think I should have just waited for FMETF before investing in a couple of UITFs in 2012. I also invested in PHILEQT back in Dec 2014 with no gains since. But that’s another story. Glad Pinoy Money Talk is posting again about UITFs.

I also sold some MEG holdings for ₱4.05 as it has gone up quite a bit from two weeks ago and even though I believe it will still go up, I try to risk manage if I think I can use the money for another stock.

I’m currently looking into buying IMI (ex-divs today) and FGEN… aside from those I mentioned in my last post.