Wednesday, August 15, 2007

STOCKS ON SALE

This article that im going to publish will either make me look like a fool or a genius. :) time will be the best judge and give me a verdict after all is said and done. :) here is how i look at the market. . . it has broken its technical support at 3,400 and its minimum downside will be at 3,000 but of course it can even go lower than that. The simple explanation for the market downturn would be the us real estate concerns and i believe that this is a sympathy play or to put it plainly the panic in the us has spread here. It is really contagious because if you really look at it fundamentally the philippines is really looking good. :) then if my logic serves me right then there would be no reason for the “crash” that we are experiencing right now. :) so this is what i think. . . be patient and dont track the market for this is only temporary. :) i believe that the bull market is still alive and the market is just taking a breather. :) here is just some simple advice. Dont mind the market for you have no control over it instead just make sure that you buy the stocks that you like at a good price for that is something that is within your control. :) as warren buffett said “it is better to buy a stock of great company at a fair price than to buy a stock of a good company at a great price.” ive seen on the news lately that calpers will allow investments in emerging markets which shows their confidence on the potential of asia as a whole. :) banks are now giving loans of 7.5% for 5years meaning interest rates for deposits will stay at around for 3-4% for the next five years. What does that mean? It means that businessmen would rather put their money elsewhere where it could give them better returns and with low interest rates it will “force” our businessmen to invest in other assets be it real estate, art, stocks or other assets that will give better returns. And for sure the low interest rates will help our bull market move forward. :) the market is weeding out the weak hands in the market and the strong hands are now going in the market for bargains are now to be found. :) we will have a strong rally when this “crash” will be over. :) possibly go over the 3,800 level and go into the 4,000 territory. :) who knows??? :) just do your research and buy some bargains out there. :) i believe the bull market is still alive and the market is just taking a breather. :) just remember what separates a great value investor from any other investor is their stomach. :) do your research and good luck to everyone. :) God bless :)

2 comments:

rom5stars said...

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-rob

chief stocks said...

rom5stars i looked at your blog and i think it is okay. but just a suggestion, please be original. :) dont pattern your introduction after mine. :) but as they say imitation is the highest form of flaterry. :) good luck and God bless :) - chief