Email dispatch: Sept 19, 2008 - Hi friends,
I am so tired. I have come to a point i have to give up something i cherished and value most, that is posting my chart analysis and sharing it publicly. In this day forward, being a trader, im "cutting loss" my ambition and putting a stop to my insanity of landing a good job oversees as a technical analyst.just this 2008, for the past weeks and months (and for how long/many years i lost count) i've been applying to various jobs online with only one recruiting agency with the usual "we value your application etc" response. I only got 3 hits/views on my online resume (since 2004) and to top it all, my pathetic website has an average of 2 hits per day hehehe. My apologies to those whom i added in the list without their consent.
As for the last update, I shall make it a memorable one. Over the weekend, i will post various charts with recos and key levels. still make charts but for my own perusal only (i now have time to a book about charting) and to anyone who them (just email me, as always i don't charge hehe). will still be trading forex n gold but will not publish my account to my photobucket anymore (it's useless anyways, thought employers wanted an actual trade, thus the disclosures).
List of charts to be upload over the weekend will be;
1) Oil parabolic updates
a) is $40 in 3 years possible?
b) $97 target achieved, with low of $91, is the $80s next?
c) will oil climb back and claim new high $150?
2)Gold parabolic updates
a)did the wedge fail?
b)why is 770 important
c)is the bull market back?
d)conspiracy theory - gold rush needed for lehman metal asset to sell@higher pricee5)do we see $2000?
e)where's the bottom?
3)forex
a)reiterating 1.27 (euro), 117 (yen)
b)key levels
4)yuan
a)entry points
5)other charts like US financial index, etc.
I may post in one bulk or one at a time.
caveat.
Godbless us always.
be well,
hernan
PS: To all my Filipino bosses, please feel free to text/email me anytime for any requests.
Support the street children movement.
Stock In You
Darn, am i really doin this Dear
Diary crap?
Dear Diary,
March 20, 2003. The market continue to move upward.
yesterday's bounce was a bit okay compared to tuesday's pathetic bounce.
today was hot as the market settle on its resistance level@1040. 3 day
bounce play brought the market up 4% since monday. everyone's betting on
a short war as the strike in iraq began earlier. emotions pouring in and
was continuous the whole trading day. i accept my mistake that my call
for a pathetic symphaty play was too prematur. i wasnt able to ride BIG
on this one as my tsupita play was limited only to few issues, mostly vasuras
(I took profit in FPH too early yesterday@8.70, sold my MPC@0.17 today
but wasnt to get out in BEL@0.34). im hapi for my clients thought who ignored
my warning to bet on the blues as most of them played BPC and CYBR. MVC
was unique, it reminds me of the BW days. The jockeys are terrific traders.
They know their stuff well. Althought my profit taking @ 1.40 was a bit
low, yesterday MVC succumb to a low of 1.22 but closed higher 1.80. The
stock's volatility is a tsupitero's delight but i was not a tsupitero for
that day and i miss the fun as the stock move higher to 2 and closed at
1.90 today. Opportunity is not something to grab anytime, anywhere. it
cums when you least expected it and hesitation has no place for it. there's
no use to deny i made a mistake, we all do. but we can avoid mistakes
by not repeating it over and over again. Being bearish on the index doesnt
put one's perspective or view that all stocks should be. market doesnt
work that way. i can be extremely bearish on the general market but i still
play the market, it doesnt make me in on the sideline. I can never be on
the sideline, never.
im still not convinced that this so called rally
has legs. infact it made me more cautious and validate my reasons for the
index to break new low. im not being stubborn, stupid or an ass but i think
this is a bull trap, a sucker's rally. market is sucking in more funds
so that it can continue it's selling momentum (which have subsided last
week and viewed by many as p6 being resilient) as investors later would
cut loss or dump their shit. this is what trap is all about. it will make
you puke (this is not a pilipino word, vastos hehe) and succumb to false
hope.
if you were able to ride on this one, im happy
for you. the vasuras are doin great but please be cautious. if you cannot
monitor their actions, forget the stuff. just be happy for others that
have profited from riding it. the last thing an investor would do is to
feel sorry that he hasnt participated on this fun thrilled action. worst
dont get envy, its a disease that we should all avoid.
congrats to CB of philstock.net forum for recomending
PCOR as a buy (price was around 1.62-1.64 at the time of his reco). It
closed @ 1.78 and a high of 1.82
My sell reco on PCOR is on hold right now.
MER is simply pathetic.One local brokerage is
dumping like there's no tomorrow. He's been dumping for so long now.It's
pathetic to see that there's no symphaty play on this one.
Personal disclosure: partial long on MAHB (this
one is pathetic, no symphaty play from the vasuras), BEL and SPI (7th time
averaging up yesterday at 16.75).
Dear Diary,
March 18, 2003. I'm drolling on the emotions
pouring into the market. If shorting is allowed, I'll short everything
in sight, well except for the vasuras (trash stocks) and some defensive
stocks (like SPI hehe). My clients took profit in MVC@1.40 and MAHB@1.14
and 1.16. We still have some MAHB left. MAHB closed at 1.20
FPH settled at 8.50, while SPI@16.25, BPC closed
at 0.21
Congrats to my lovely princess Lei for placing
2nd honor on their grade 1 class. Buti na lang nagmana sa mama hehe :P
Dear Diary,
March 13, 2003. Opportunities cum n go and
it's not in the blue chips right now. the likes of LND, BPC, MAH/MAHB,
MVC to name a few have been the flavor of the day for players. I've added
position on MAHB today. Some of my clients went long on MVC and MAHB. We
never had a chance to ride LND earlier. We saw it cuming but we didnt grab
the chance. Another day, another play. MAHB went as high as 1.06 but closed
back to 1.00, its A shares closed 1.00 as well . Since both are in nsyn
now, it is more likely that both will close higher tomorrow. Both FPH and
SPI lost 1 fluc each. FPH@8.50, SPI@16.25.
Dear Diary,
March 12, 2003. There lots of "basura" stocks
that are in my lists. One of them is MAHB of which I'm currently long @
1.08, it closed back to 1.00 (darn hehe). FPH had a nice buying interest
as well and managed to closed@8.60
SPI closed@16.50
Financial index was also down. We seen nuthin
yet on the trios. What most thought as impossible (in terms of stock price)
will likely to happen to these 3 banking stocks. EBC and BPI closed at
their 52 wk lows.
Dear Diary,
March 11, 2003. Sexth time averaging up @ 16.25
;) SPI closed@16.25 as well. I'm long FPH with an ave price of 8.40.
FPH closed 8.30
Financial index is ready to plunge again. The
trios (MBT, EBC and BPI) are not likely to hold on their 52 wk low support.
PHI chart is very weak. I'm still reiterating my $3+ target.
Dear Diary,
March 6, 2003. Bought@15.75, my fifth time averaging
up. The number of shares involved since my first buy@12 is very very small
(alam nina strykerhornidude at bogey yan, they can attest to that). Matatawa
kayo kung alam nyo lang hehe. so before u think na oiii bigtime c spy,
pls don't coz im not. i wish i am but hey i live in a real world :). SPI
closed@15.75
Dear Diary,
Feb 28, 2003. Average up SPI@15.125 (average)
today (SPI closed@15.00). Is this plain stupidity or what? the stock
is up 120% since July 2002 (while the phisix
near it's 52wk low) and yet this dork keeps on averaging up.
Dear Diary,
Feb 20, 2003. Average up SPI@14.75 today. For
the record, It's not about having balls, it's about ta.
Dear Diary,
Feb 13, 2003. SPI closed@14.50 today.
Dear Diary,
Feb 4, 2003. average up spi@13
Dear Diary,
Jan 8, 2003 I call a buy on SPI
with a possible target @ 18.00
Based on its weekly chart it has
a potential to do so. Unfortunately,
for the the 1st week that elapsed,
the stock haven't move yet.
Reco: Buy with stop loss if 11 breaks.
Achieved so far: NONE except that
I pity myself (hehe) seeing other
stocks move while this bloop isn't.
:D
SPI Technologies (SPI) (error: the word "babes" on the
chart should be
"bases". I apologize. It's Stryker's fault, corrupting
my mind.) *grin*
"Buy High, Sell Higher. Short Low, Cover Lower"
