… PPV (PAY PER VIEW) EDITION …
… PPV (POST PACQUIAO VICTORY) EDITION …

A few days back, I kept on warning to be on the guard on PX. I also warned about the MER-FPH-BPC trio play being over previously. Thank GOD, I did not get flak for the PX warning, which I did on the latter.

True enough, PX corrected and corrected hard, and contributed 22 DOWN PSEi points. A damn hard falling knife is indeed tough to catch, but I do believe with the 2 long black candles, and with the gap from P13.50~P14.00 just around the corner, (though NO signs whatsoever of reversal YET), it might be prudent to catch some of this around P13.25~P13.50 for a possible ‘bounce’ play..

Seemingly, with P – Pacquiao, the letter ‘P’ looks to be in play, with PX being weak, and the other 2 P’s being strong, namely PAX and PIP. But between the two, I believe PAX could be more worth looking at, as broker UBS Warburg has moved up his buying to P3.40.. chart resistance is at P3.60, THEN P3.85… but with the way things are going, who knows? — we may even target above P4.00 this time around for real.

Curiously so, my banking play also starts with the letter ‘P’ …

Another strong performer is LIHC. Now at P10.50, could this be the next gem play ?

MPI looks to have stopped its bleeding at the P2.50 level, and may play bouncing balls from here.

RLC, the lone strong property stock today, broke-out of its teens (13 thirteen to be exact), and maybe poised for a debut at sweet sixteen.

Congrats to MP.

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