Tuesday, May 13, 2014

Added Emp, CNPF and LRI

Added some EMP,CNPF and LRI on my portfolio and sold half of my smph just a small amount. Emp then suddenly on trading suspension, LRI seems to be on range trade and a couple of bears still pushing the prices down.  Why I added EMP? Well they have been busy with all this acquisition of different companies to further broaden their market products. LRI is simply dividend play on June. CNPF famous producer of Century Tuna had an IPO, unfortunately I was not able to buy it at IPO price but decided to keep some as I like the product and I see potential in it. Smph rallied to the upside, might add some more smph later but I am also eyeing ACR and TA.

Regrets on Selling PCKH

Last march I did a momentum trade with PCKH amidst rumors that Max's Fried Chicken would do a back listing since it acquired PCKH. Unfortunately the management decided its not yet time to list Max's and decided to separate the two businesses. Which then turn my profit into losses but just recently the stock was at 20-21 level and it disclose a 100% stock divident, shoot back up to the 30's level. Talk about luck guess I should have hold on to it a little longer.

will attach chart later kinda busy =)

Tuesday, May 6, 2014

Sell in May and Go away

I have been a bit nervous this month than any other month as this famous saying goes "sell in May and Go away". It means to lighten up on everything we are invested in or just totally hold everything and don't do anything stupid as it will probably recover after some time of selling. My personal choice is to sell the finance stocks namely my MBT, I dunno though and I might be selling earlier as usual but I am an impatient one and normally want to be safe than sorry.

On second thought it might be a good time to stock up on finance stocks but I'd probably wait until the fed will really apply tapering and all that no more QE stuff and free money. Will there be a correction you ask well my guess will probably be later weeks of May but anyways I'm no fortune teller.