Date: 10:26 2009/02/01
Cash Balance: 991,024.00
Holdings:
comp num_shares price
EEI 10,000 0.88
Total Portfolio Value: 999,648.00
Transaction History:
time date type num_shares price cost
10:20 2009/02/01 BUY 10,000 0.88 8,976.00
Showing posts with label Philippine Stock Exchange Index. Show all posts
Showing posts with label Philippine Stock Exchange Index. Show all posts
Monday, February 9, 2009
Stock portfolio: Buying EEI
Sunday, February 8, 2009
Stock portfolio: Change in strategy
Previously, selldown made the following strategy:
1. Trade a maximum of one buy-transaction per month.
2. A buy-transaction must not exceed 33,000 Pesos.
I thought about it and I think it would be better to change it to the following:
1. Buy transactions for a single month must not exceed 33,000 Pesos.
This would mean that one could issue an infinite number of buy transactions in a single month as long as the sum of the transactions do not go beyond 33,000 Pesos.
On why I think this is better is because there are so many good companies out there that isolating a buy transaction to a single company for a given month would lose us the opportunity of cost-averaging the purchase of other good companies. So our strategy would be to cost-average the purchase of several good companies simultaneously over time.
1. Trade a maximum of one buy-transaction per month.
2. A buy-transaction must not exceed 33,000 Pesos.
I thought about it and I think it would be better to change it to the following:
1. Buy transactions for a single month must not exceed 33,000 Pesos.
This would mean that one could issue an infinite number of buy transactions in a single month as long as the sum of the transactions do not go beyond 33,000 Pesos.
On why I think this is better is because there are so many good companies out there that isolating a buy transaction to a single company for a given month would lose us the opportunity of cost-averaging the purchase of other good companies. So our strategy would be to cost-average the purchase of several good companies simultaneously over time.
Tuesday, December 23, 2008
Year-end window-dressing for I-Remit?
Today was an unusual day for I-Remit. Normally having a very low trading value of less than 100,000 Pesos, today, total trades amounted to 31 million Pesos for the company. The unusually high volume of trades caused the share price of the company to jump 17% for the day. Refer to Figure 1 for a 1-year graph of the share price of the company.
Figure 2. 2008 graph of Philippine Stock Exchange Index (PSEi)
In Figure 2, the PSEi is in a clear downfall throughout the year going to lower and lower levels. The graph of I-Remit is similar for the first half of the year down-skidding. But on the second-half of the year, a sudden surge of investor excitement pipes in, pushing the price upwards.
As to why I-Remit’s price buoyed up in the second-half of the year of 2008, I still don’t know.
Notice also that for the same last trading day of the year, the share price of the TKC Steel company also jumps significantly by 12% -- an unusual behavior. Since TKC and I-Remit are related in that they are both owned by the Ben Tiu family, this must be a classical case of window-dressing.
Figure 1. 2008 Share price graph of I-Remit
Notice the sudden surge in share price at the last trading day of the year. Could this be a classical case of window-dressing? It could be that the company bought some of its own shares so that it could show a more attractive, healthier company to its investors in its annual report. But what is queer is that last year, December 2007, no window-dressing was done?
I-Remit could be classified as one of the more resilient stock companies in the Philippines for this year. Given that the stock prices of most companies for this year have been crashing down to record lows unseen for perhaps decades, I-Remit’s stock price displayed strength and potential moving on into the new year of 2009. Compare the graph in Figure 1 against the graph in Figure 2 which shows the Philippine stock exchange index for the same time span of the year of 2008.
Notice the sudden surge in share price at the last trading day of the year. Could this be a classical case of window-dressing? It could be that the company bought some of its own shares so that it could show a more attractive, healthier company to its investors in its annual report. But what is queer is that last year, December 2007, no window-dressing was done?
I-Remit could be classified as one of the more resilient stock companies in the Philippines for this year. Given that the stock prices of most companies for this year have been crashing down to record lows unseen for perhaps decades, I-Remit’s stock price displayed strength and potential moving on into the new year of 2009. Compare the graph in Figure 1 against the graph in Figure 2 which shows the Philippine stock exchange index for the same time span of the year of 2008.
Figure 2. 2008 graph of Philippine Stock Exchange Index (PSEi)
In Figure 2, the PSEi is in a clear downfall throughout the year going to lower and lower levels. The graph of I-Remit is similar for the first half of the year down-skidding. But on the second-half of the year, a sudden surge of investor excitement pipes in, pushing the price upwards.
As to why I-Remit’s price buoyed up in the second-half of the year of 2008, I still don’t know.
Notice also that for the same last trading day of the year, the share price of the TKC Steel company also jumps significantly by 12% -- an unusual behavior. Since TKC and I-Remit are related in that they are both owned by the Ben Tiu family, this must be a classical case of window-dressing.
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