ITA: 11 June 2012 | Counting on a Bailout

Counting on a bailout.

It’s been a while since my last Stock Market ITA. From the last time I wrote, market seemed to have withstood the storm and is now looking to trend back up. With the news of Spain’s bailout becoming more evident, markets including ours made huge rallies following DOW’s strong showing last Friday. PSEi jumped almost 82 points on fairly decent volume.

Was pleasantly surprised with DMC as the stock recovered to close just 0.1 lower than its previous. This is considered a strong showing given that today marked the ex-date of the stock which issued a cash dividend of Php1.20/share. Will continue to hold this.

Position Ave. Entry Last % Change Days Held
DMC 54.50 55.90 2.57 5

Made new positions in MER.

Position Ave. Entry Last % Change Days Held
MER 248 246.6 -0.56 1

Another noteworthy performance was that of URC, gaining 7.32% today. This looks to retest resistance at the 68-69 levels. Closing price was at 66.

Tomorrow is Independence Day! I should cherish and not abuse my freedom realizing it was bought for me with such great price. πŸ™‚

>> God is good all the time πŸ™‚

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