 | |
| EEI stock - Philippine Stock Exchange Market (PSE) |
Notes on EEI CORPORATION stock - July 4, 2012
EEI Corporation (PSE Stock Code: EEI) has very good fundamentals (huge line-up of projects in the future and made ~80% jump on profits this year). I bought it at Price P6.2/sh last 6/28/2012, now it's at 6.65 and I have a gain of 6.76% after a week. A look at Technicals also helped.
Will set up my price stop targets.. but contemplating on concentrating it more on a long-term (maybe on cost-averaging mode na lang). Hopefully it resumes its uptrend. It's still on HOLD status by COL (CitisecOnline) since 6/18, but technicals seems to show a different thing.
RSI (entering ~70%) seems to show it's nearing overbought levels, but this could be temporary. MACD is picking up, as well as Volume (it seems). Still need more in-depth work & study on this to get to figure out the outlook better. But uptrend looks very promising.
Seems like I'm winning (timing na timing!). I got it just before it went straight up. I wished I stacked up more cash for this - but that's how stock investing is: you will never know if you did the best thing when you start a bid (because there are risks), but you will get to decide or know, or learn, days or weeks after if it was indeed a good choice. You can trust your instincts; but experience, continuous study and vigilance will really help in a long way.
Entered this on my Stock Market Journal (for Philippine Stock Market).
Now at a 10.13% gain!
ReplyDelete- 07/14/12
Could have taken more when it dipped at 5% gain. I know it will go down, maybe even get a negative -- but my goal for this is more of a long term. Unluckily, I was not able to load up.
ReplyDeleteI'm now at 13.82% gain. I got it at average 6.2289, and now it's around P7.09/share. I could gain P600 for my 5k investment if I sell my shares now. I'm not biting yet, but even so - I already won. I can sell, then buy again on next dip. Hopefully it will dip down further again so I would have a chance to put in some funds (hopefully this week or the next) - as in long term, the trend is still up (supported aptly by technical & fundamental indicators).
Fundamentally, EEI still has backlog of projects, and with PNoy's PPP programs, it will only go up further. I haven't checked if 2nd Quarter earnings has already come in.
Will still have to study and gain more insight on the technical aspect (charting).
Sold it at 7.02/sh. It went as high as 7.15 intraday, but didn't have the opportunity to sell and was busy at the time that I wasn't able to follow.
DeleteIn any case, I gained around 12.7% upside, which is P600 for my 5k investment, in about a month. If I invested 10k, it would have been a P1200 gain.
Hopefully it dips down a bit this week or the next, and I would have enough time to re-invest (and deposit fresh funds). But I would still review if the indicators look good by then before buying again. As a rule, we always study the present conditions, not go by the past review you did (which, in just a few weeks would already be considered eons ago when it comes to stock investing). We always need to go by the present indicators, as showing at the time you run them, and base your decisions at the time you reviewed them (but still make use of the past details/data) - and act accordingly.
If, based on your past review, you saw that the trend is going up.. and then, on your present review, your projections are still correct - both fundamentally and technically, then by no means: go bravely with your decision, and trust your instinct (experience will teach you a lot in knowing that your instinct is right)!
Man. Bumaba lang ng 7.02, panic agad ako at nagbenta. After few minutes, it went uyp to 7.10/share.
DeleteGood thing I sa able to observe how the RSI indicator help give us a hint if a stock would suddenly boost up (if there is demand), so I'll know better next time before I hit the "panic button". RSI (a technical chart) shows if the stock is getting overbought or not at a given time.
When you go down... I will pick you up!!
ReplyDeleteSee you at P7.0!!
Gained around P500 after gaining 10% on my EEI investment this week (I will post more accurate dates / details later). I sold 50% of my shares (originally I had 10k) - around 700 shares, I believe (from total 1400). Now after I sold them, it went downtrend a bit, but resumes uptrend and is now at 15%. I swear I could sell it now to gain P700 (that would be P1200 in 1-2 weeks for an investment that was just sitting down), but stocks is all about long term investing and planning. The long-term / mid-term outlook of the stock is still very much uptrend, so -- gain NOW and sacrifice much bigger rewards later (which is more risky)? Or put up with the risk, sell them now while I'm at 15% gain, as it might go down later?
ReplyDeleteThat's the beauty of disciplining one's self in stocks trading. Learn it now, and you'll surely & truly reap the lessons by getting big big (or HUGE) rewards in the future.
My portfolio now says:
ReplyDelete"Your Total Equity Value is 11,967.64"
Originally, I put in a total of 10k of fresh funds (I moved out all of my funds previously - around last year, so that it went down to almost 0, before I loaded up again). Hmmmm. Does this mean I actually gained, say, P1900 total here?
I'm good. It was a nice journey. If I had 100k total investment (10x), that should have been 19k in 2 weeks. Again, for an investment that was just sitting down.
That would have been RISKIER. Very risky to some.
You can gain a lot, or lose a lot.
That's what happens if you're not afraid of the risk and you knew what you were doing (which I cannot and would not say that I am fully 100% of it yet).
And that's the beauty.
Lesson: FACE YOUR FEARS (on MONEY) NOW.
• Reliance Industries to pay penalty of $3 billion along with Shell, ONGC for Panna Mukti oil field dispute.
ReplyDelete• A2Z Infra: Bags three orders worth Rs56.69 crore.
• C & C Construction to sell 2 road SPVS, Process likely to complete in 3 months.
CapitalStars