ITA: 15 May 2012 | Battle Rages On

The battle rages on. And the bears are owning it.

As expected, the PSEi continued its descent losing more than 100 points in today’s close. But consider this rather a sign of life, if you may call it that, as the index was down almost 140 points at one point.

A lot of stocks have already reached oversold conditions at least for the short-term. Among these are SECB and NIKL (on a 5-day losing streak).

Place some bets on SECB today. I am expecting a rebound tomorrow from huge consecutive losses from yesterday and today.  

Position Ave. Entry Last % Change Days Held
SECB 126 125.1 -0.71 1

US markets are slightly in the green as of this writing (few hours into trading). Should this keep up, it should help to make possible a rally in our market tomorrow.

>> God is good all the time 🙂


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