market high

The elections are just over and guess what happens??? the market hits a new ten year high. I can see all the tsupiteros shouting and dancing for joy. Technically i can see the market hitting 3,800 in the near future but of course dont take my word for it for the market is irrational and anything can happen. :) so what has happened in the last two weeks? My dad is finally interested in stocks(but he is too proud to admit it for he was really against my going into stocks hehehe) because i think he has finally realized that you could invest conservatively in the market and that risk can be managed. Its all about the price that you buy the stock. :) thats what ive been telling him all along and now i think he's beginning to understand it. Look at the upside and the downside. Buy it high and as they say “the higher you are the harder the fall.” but buy it cheap then the chances of a loss is very minimal but of course as i mentioned to you investors before that wouldnt be possible if your not patient enough. And i believe that is the hardest part in investing because no book or person can teach you to be patient, it has to come from yourself. It is all about bargains or as warren buffett said the three most important words in investing is MARGIN OF SAFETY. :) one has to be able to find the real value of the company or its intrinsic value or implied value. And there is no holy grail in finding value and it is really an art that is why im still learning because value can be found in a lot of things the companys brand, undervalued assets, growth, manpower and a lot more. That is why research is so important in investing.

I was invited to join another forum and it was okay but i believe that a lot could still be done and that there should be originality in it but thank you to the founders for inviting me. :) wish you all the best guys. :) i really thought that the psei will go down because of the elections but look at what it did!!! a new ten year high. There has been an upsurge in price lately in some of my favorite stocks smdc, kpm and ephi with its coming merger with kpp and of course im also thankful for the dividends from smdc and urc. Keep up the good work guys and keep it coming. :) with the new developments in san miguel corporation it has brought the psei to a new level and for the index to keep on moving up smc should keep on going up too. I like san miguel but i still have to understand the company better. Does it really have room to still grow? Did it invest in the right industries??? :) we will see in a few weeks time. :)

and another company i like is V with an eps of P1.05 but its basic eps is 0.12. but i dont think that it really matters if its earnings were flat this year because it has now a bigger cash hoard and we all know what cold cash an do!!! hehehehe :) i watched spiderman3 on opening day and i really like it and i hope you guys did too. :) thank you for those who sent private messages and emails about my recommendation on kpm. As ive said there were people who helped me out in my research and they deserve the credit also. :) i will be leaving for eastern europe on friday and will be back after a few weeks. :) i will still keep track of the market every once in awhile and hope our market will continue to do good. :) god bless :) “sometimes a winner is just a dreamer who never gives up” :)