into uncharted territory

Its nice to see the market get to these levels after the market panic caused by the us subprime problems. :) the market hit its highest point this year last july 6 at 3,822.41 and at the height of the panic was as low as 2,874.99 on august 17. i cant wait for the time the market will hit 3,830 for it will signal another strong rally upward and we just be not far from it because as of the close of the market last thursday it showed signs of a strong rally and maybe break the 3,830 mark in the process and who knows where the market will take us. :) im happy that investor interest is back with metrobank because i added shares in the company also in the recent market downturn. :) i would say it is one of the very stable and solid stocks in our market. Ayala corporation was a bargain when it sold below P450/share. It was just unbelievable. Good thing i was also able to grab some shares. It was like a ferarri with a flat tire, sure you couldnt drive it for the moment but with a little fixing it is still a ferarri after you have the tires replaced. :) from its low of P405 it has gained around 50% after a month and a half. :) who wouldve have thought the market would be back to these levels after such a short time. I knew the market was still healthy but i didnt expect it to be back near the 3,800 this soon. :) hopefully we could go beyond the 4,000 level before the year ends. :) i wrote the first part of my next article of this blog after the pacquiao vs barrera match and i just wrote the introduction because i didnt think the market was going to go up this fast. Sure the bullish trading last october 2 and 3 showed signs that the market is going to have a strong rally but this is really BULLISH. Imagine 2% gains every trading day last october 2, 3 and 8. and the stocks that are really leading the charge are pldt, ayala corporation, ayala land, sm investments, metrobank and bank of the philippine islands. :) i thought the market needed a week of two to break the 3,830 mark but boy was i wrong. :) with the 3.830 mark broken, technically the minimum upside of the market is at 4,770. :) how long will it take the market to get there well time will tell. :) im just glad i stuck it out with the market during the downturn last august. ;) with this rally there are still some stocks that havent caught up with the increasing market prices like universal robina, ivantage, jollibee, gma7, national reinsurance corporation, solid group inc, sm development corporation, banco de oro, anscor, asia and keppel marine philippines. :) what can i say the market is like a yo-yo right now (just shows irrational the market is) but its okay as they say look at the long term and dont mind the short term volatility. In short dont be near sighted!!!! :) hehehe the market is about to have a strong rally after breaking 3,830 and with the peso strengthening thats a good indicator that the market is going to continue to go up. :) there are even some talks of the peso reaching the low 40's by the end of this year but lets not talk about that for now for that is still a subject that i still have to study. :) there is also this company that im studying right now. I really like it for it shows a lot of potential. It might just be the next turnaround company. :) i will share it with everybody reading this blog after i study it but so far i have been impressed. :) good luck to everybody and God bless. :)