I must say it has been a deplorable emotional state when it comes to re-assessing the progress or should we say regressing Philippine Index and along with it my Speculative portfolio, but to relief NOT with my Value-Invested portfolio.
Starting the assessment of the local bourse on the Technical side; its performance has been a seesaw ride ever since we had that incident in June. 6,000 is the mark that it had sewn through in and out at least a couple of times eversince on these following dates: 1st: 6/21-6/27/2013, 2nd: 8/21-9/10/2013, 3rd: 11/21-present.
It indicates (in the TA side) a somewhat reliance in the Fib retracement's 61.8%.
Omniscient of this simple information and looking at it at a contrarian angle. These specific times (for a trader) may/can be a beneficial entry point for basis without anything else but the basic Fib Retracement.
Investors and traders are being led to a quandary state when it comes to reading certain blogs/forums and news vs. their portfolio (positive side vs. bleeding side, respectively); whereby I had concluded that majority may not really outperform the general trend of the current market (or for any given period of time)--given that there are no SHORT-selling in the local bourse.
--Looking at the red-blooded SPECULATIVE PORTFOLIO and pondering, tinkering with my intuition for my next move. One may completely detached himself trading in the current market situtation (-12% return); especially, if he hadn't have enough liquidity to pursue this downtrending occurence (AVERAGING DOWN). That event, however, remains subjective. I had added another junior security to my SPECULATIVE PORTFOLIO.. PSE (see link for brief explanation for new aquisition).
So much for the TA side.
AVERAGING DOWN may not be sensible enough when it comes to a value-investor outlook; whereby it must have been a foreseen strategy to average down rather to 'average down' when the unexpected tide drowns the holdings--a perfect cliche that matches is 'Hindsight is 20/20'.
During this period of uncertainty, the value invested portfolio was still able to manage and add one more junior security to its list and still have a minute return of 0.07%. (see link for the new junior security assessment)
Altogether, a comparison between the local bourse performance vs. MY index is played in loop in the following box.
"Risk is brewed from an equal dose of two ingredients-probabilities and consequences." Paul Slovic
Image reference/source:
1. "Citiseconline Quotes." Citiseconline.com.ph. December 7, 2013. <https://www.citiseconline.com.ph/Final2/quotes/STOCKINFO.asp>
2. Charts and trends in MY Value Invested Portfolio, MY Speculative Portfolio and PSEI made by MY. Accurate as of September 20, 2013
Starting the assessment of the local bourse on the Technical side; its performance has been a seesaw ride ever since we had that incident in June. 6,000 is the mark that it had sewn through in and out at least a couple of times eversince on these following dates: 1st: 6/21-6/27/2013, 2nd: 8/21-9/10/2013, 3rd: 11/21-present.
It indicates (in the TA side) a somewhat reliance in the Fib retracement's 61.8%.
Omniscient of this simple information and looking at it at a contrarian angle. These specific times (for a trader) may/can be a beneficial entry point for basis without anything else but the basic Fib Retracement.
Investors and traders are being led to a quandary state when it comes to reading certain blogs/forums and news vs. their portfolio (positive side vs. bleeding side, respectively); whereby I had concluded that majority may not really outperform the general trend of the current market (or for any given period of time)--given that there are no SHORT-selling in the local bourse.
--Looking at the red-blooded SPECULATIVE PORTFOLIO and pondering, tinkering with my intuition for my next move. One may completely detached himself trading in the current market situtation (-12% return); especially, if he hadn't have enough liquidity to pursue this downtrending occurence (AVERAGING DOWN). That event, however, remains subjective. I had added another junior security to my SPECULATIVE PORTFOLIO.. PSE (see link for brief explanation for new aquisition).
So much for the TA side.
AVERAGING DOWN may not be sensible enough when it comes to a value-investor outlook; whereby it must have been a foreseen strategy to average down rather to 'average down' when the unexpected tide drowns the holdings--a perfect cliche that matches is 'Hindsight is 20/20'.
During this period of uncertainty, the value invested portfolio was still able to manage and add one more junior security to its list and still have a minute return of 0.07%. (see link for the new junior security assessment)
Altogether, a comparison between the local bourse performance vs. MY index is played in loop in the following box.
"Risk is brewed from an equal dose of two ingredients-probabilities and consequences." Paul Slovic
Image reference/source:
1. "Citiseconline Quotes." Citiseconline.com.ph. December 7, 2013. <https://www.citiseconline.com.ph/Final2/quotes/STOCKINFO.asp>
2. Charts and trends in MY Value Invested Portfolio, MY Speculative Portfolio and PSEI made by MY. Accurate as of September 20, 2013