Common Sense Trading - A Blue Jeans Approach to Philippine Stock Market Trading

As one of the shinning stars of 2007, Meg was pushing past Php4 per share. It was last traded before Christmas at Php0.66. It came quite a long way down. Is it at a bargain? Megaworld seems to think so. In a press release last year, they said that they expect P1.4 billion in sales revenues from its fifth Greenbelt-area project. It is dubbed the Greenbelt Madison. The 31-story building will rise along Salcedo St. in Legaspi Village, Makati City. A couple of weeks prior to the press release on November 25. They bought back some 2,100,000 shares at 0.5028. After the transaction, 20,510,226,901 shares remain outstanding and 131,420,000 are in the treasury. Does that mean that they put their money where there mouth is? I don't really think so. 2.1M shares is barely a drop of dew on a rainy morning and thus is not conclusive of their position. Nonetheless, I personally like this stock. It's a company that appears to have had rode the wave of the sunrise BPO industry rather well. Do I

I do not see a coherent consensus of what will happen to the stock market in 2009. What I have noticed are the following: 1. The world is watching the U.S. and China very closely. 2. The consensus is that there is no consensus U.S. and China The U.S. is where this all began. World markets have spent 2008 following the lead of American markets. My own opinion is that the some of the usual suspects will break away. As businesses begin to feel the real effects of the changes in the economic environment of the world and see clearly what it does to their balance sheets and income statements, confidence will be restored to where it should be. The fact is, America isn't the world and if America continues to suffer economically in 2009 not everyone will. No consensus There's talk of a rebound in the third quarter while there's also talk of the S&P 500 falling to 500 and staying there at years end. How will the PSEi look by the end of 2009? I wish I could tell, but what I do kn