Sunday, October 22, 2006

bull run of the philippine stock market

with the way things are going i think the psei will break its 7year high of 2,632 and if you look at it from a swing trading approach the minimum upside of the psei is 3,150 and we might reach it 1-2 years :) you never know what will happen in this business but i really do hope that it will happen :) its time the world took notice what the philippines have to offer. i really hope that the time will come that the philippines will be known not only for its filipino hospitality but also as a place where you could do good business and sleep well at night that there wont be another coup the next day. hehehe go! go! go psei!!! fly high!!! the phil is really doing well right now with a stronger peso which will affect some sectors but it is for the greater good that we will have a stronger peso :) the stock that i recomended last wekk was sgi and it closed at 0.77 and if the market continues its bull run i wont be surprised if it reaches P1 by the end of this year :) i found another stock that is undervalued :) way undervalued actually :) its a small bank :) its asiatrust development bank :) asia if calculated very conservatively its worth is around P12.85 and it closed last week at P6.50 :) i have another stock but im still doing some research on it :) i will tell you about it in my next blog i guess :) just check out asia :) if you like it then get yourself some shares :) good lucj to you and me :) fly high psei!!!!!!!

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