Post#13: Trailing stops hit and some $BEL

Last March 1, 2017, my trailing stop on my position in $STI was hit and I sold my holdings for an average of P1.09/share and a gain of 21% since last November.  I was hoping to let my $STI run but a ranging PSEi made me tighten my stops s little. As always, I promised to follow my plan and I did it without hesitation.

I also sold my $DNL since it failed to maintain it's price above P13/share with a small percentage gain not even worth mentioning.

$DNL and $STI will remain in my watchlist for now again.

Although I felt bad losing my positions, I immediately looked for other stocks that show some strength. I am currently trading with only 50% of my port in positions as I dont like the general market condition.

March 3, 2017 - Bought some $BEL at P3.63/share.

March 6, 2017 - Added some more $BEL as I feel it going stronger at P3.72/share.

Average $BEL price is at P3.67/share.

Update: March 7, 2017 current position up 4.64% with $BEL at P3.88/share.

Initial stop at P3.65.


BELLE CORPORATION ($BEL)

stock chart provided by www.bigcharts.com

Post #11: D&L Industries

$DNL

chart by www.bigcharts.com

The weekly chart of $DNL shows a perfect cup and handle formation. A breakout on this level, accompanied with good volume will trigger a buy for me.

This stock along with $STI will be my focus for now. The rest will stay at the watchlist.

$STI

chart by www.bigcharts.com

Moved my trailing stop on $STI at P1.00. I conclude that breakout is confirmed and P1.00 will be the new immediate support.

From hereon, I will do nothing but watch my stop and look for opportunity to add more position in case the trend continues to point upward.

Post # 10: Updated watchlist

PSEi started to perform better after the New Year. My risk signal is starting to loosen up and I'm ready to take additional positions.

My watchlist includes stocks that are breaking out of their new high and showing strength in volume.

Currently I am eyeing $MCP, $PX and lately added $DNL and $MARC.

I am currently +11.55% on $STI, the only stock on my portfolio right now.

I will be closely watching for more opportunities to enter additional positions.