Wrong Timing – PSEi March 12, 2010

Today the Philippine Stock Index drop 36 points (-1.15%) because of PLDT’s P125 peso adjustment (-4.66%). As the index was near it previous high and ready to breakout, then came PLDT’s ex-date (today,  March 12) for a huge Php141 cash dividend. Naturally, price of PLDT will adjust accordingly to the said cash dividend. From previous closed of Php2,680, its adjusted

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Psei & AC

As of 11:36am, Ayala Corp (PSE: AC) is holding well at Php285-Php287.50 per share. For me, this is a relief and I think the market is suggesting that it had enough of emotional setbacks. Psei is currently down 39 pts at 2,919, already below the 2,950 defense. Bottom fishing is for traders only. Taking back 2,950 again will send confidence

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Is the Fun Over?

Using “Chartpolation” or chart interpolation, S&P500 will correct to 831. Using previous charts of S&P500 and Aud/Nz Pair whereas both have resembled a likeliness on their V bottom pattern. The following computations are follows: Aud/Nz base = 1.06 to 1.30 = 0.240 bottom of correction is at 1.20; high 1.30; difference = 0.100 100/240 = 41% ratio S&P 500 low=667;

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