Imbang Klase’s Shabu Holdings (April 25, 2014)

Sup?

Nice correction from the market eh?

While foreign funds remain net buyers, global indices seem to show signs of… shitting their pants.

As expected PSEi corrected upon reaching  the 6800 level. Also, there was little point to buy it at those levels as your reward would be very minuscule.

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On a bullish note these levels should serve as support:
S1: 6500
S2: 6300
(I’m no magician, I have no crystal ball. I don’t give specific index levels like 6666, 6567, 6769 or whatever. I don’t look at the precise number. I act upon RANGES. So when I say 6500 support, it could deviate (+/- ) 50 to 100 points from that specific level–all depending on your parameters, bias, view, etc.

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So how did the Shabu Holdings fare during the minor-sell off…?

Take a peek

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HOLD

MWC – My theory was correct. So now we see agressive buyers at 26-27… Do they already know the results of the arbitration shit? Or are they merely acting on value, or speculating just like me? =) Anyway, will just hold this and I’m in no rush.

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MPI – Will share the same fate as MWC, except that it’s pulled back by MER. Good thing here is that it has other stories within it other than being a water company. I’m confident that this stock still has steam for 2014.

OV -. Don’t care about the day-to-day flucs, if it goes back to .036-.037, or even better .035, I will add some more. Sit tight.

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SELLS

LPZ – Laggard, though it has potential, I needed to rotate funds as one of my top picks was bought up. Sold at small loss (-2%)

MBT – sold around 85-86. (+8%)

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BUYS

EMP –  I wanted to pick this up lower like 11.50. Unfortunately stock is well protected at around 11.50-11.80. Check the volume that went through there. Broke out of its initial resistance at 12.20-12.40, and is now trying to breakout of 12.60. Mostly, locals have been pushing the stock. I’m just waiting for my catalyst on this one. I’m not yet done accumulating this stock… Better if it corrects, if not, am still willing to buy on momentum. =)

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This stock made me realize how important it is to learn fundamentals as well. As you see, those who knew about EMP’s potential were already conviction buying at 9.00, while those who relied on charts alone were looking at a blur. 

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VUL – This is the Secret Shabu Holding on my last post Apr 13, 2014. Just a mere speculation, on the National Book Store backdoor in this stock. Anyway, seems to be getting attention since it’s now trading above 1.50. Let’s see if it breaks 1.60. 

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Secret Shabu Holding: I’m accumulating this shit because I’m bored, and because the market is bored and when people are bored they will find ways to entertain themselves.

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There you go!

As you can see my holdings are mostly low BETA names (low correlation with the index). I prefer to be selective in a market like this. I look for stocks that have good stories a.k.a. Catalysts. 

I trade on anticipation, not on confirmation. I like to visualize scenarios before they happen. Mostly, I’m a position trader. I rarely buy on breakouts, I usually position before they happen. 

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Note: This post is for entertainment purposes only and is part of my rehabilitation program. I hope to instigate discussion, sharing, learning among fellow traders. I do not mean to brag, nor to hype.  First of all, this portfolio is just a DILIS compared to the many WHALES of our market. Second, hyping… I don’t need that shit.

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If you want to get your regular dose of Shabu Updates feel free to subscribe to my blog, or add/like my page in Facebook. I’m open to questions, queries, trash talks. Farewell.

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