Another “flat” day in the markets..

The play in the Lopez trio MER, BPC, FPH could be nearing its apex. Personally, I feel the market has already “priced in” the impending good news on the trio, though the only variable now is how much MER will be priced. (?)

After many days of being strong, ANI (P29.00)  finally succumbed to profit-taking, but could find support at the P26 levels. Unless privy of any info, I would stay away on this one, as I really feel uneasy on its first sign of weakness.

I still have a ‘general’ sell on rally on the markets, as I feel even with the DOW making a U-turn to the upside tonight, market is just at best sideways, though still with a general downward bias.

The lone strong market performers apart from the Lopez trio are AP, CPM, and WEB… PX looks to have peaked already at P13.00…

I am really at a loss as to where the markets are headed. All in all, maybe my bearish overtone is putting a stopper on things.

I have been steadily accumulating FGEN. I bought MED yesterday, only to see it fall down today.. Well, I should have bought PRIM instead. There is some accumulation going on a highly speculative 4th liner (UW), so I followed suit. I sure hope I get my groove back in the next few days, I feel I have been on a slump for so long now. I am thinking that the mosquito that bit me might have sapped all the market savvy in me … >>>

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