Monthly Archives: August 2014

$DAVIN: Following the leader….

DavinAug 19

Seems like PGOLD and COSCO have found their short term bottoms lead by none other than the boss. Lucio Co.

As tweeted by Warren de Guzman and disclosed by PSE:

luciobottom
Let’s see if that was the bottom of DAVIN based on my read the 2.15-2.20 area is a strong support already. A break of around the 2.50 level will probably spark momentum in the stock. Take a look, trend line is still intact 🙂 If this holds possible 2.80-3.00, just my 69 cents.

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$PGOLD: When a strong growth story disappoints…

Here we go… $PGOLD down 20% from 42 to 34+. Main reason was company’s profit margins narrowed as competition–SM and RRHI–became tougher.

PGOLD LOGO

PGOLD was a strong growth name because it focused on the mass segment, something that the staple grocers didn’t put strong attention before. Now, its competitors are aggressively tapping into the same market. Everything’s tighter now for these retailers from hereon–thus the dent on PGOLD’s earnings. Also there’s this issue bout congestion in our ports, which may have affected retailers such as PGOLD? (just heard it from someone else)

1H14 earning shrank by 12% vs 1H13’s.

PGOLD buy range

Time to capitalize on the panic. Depending on your time frame, risk tolerance, and strategy, I think It’ll be worth a shot picking tranches at the 30.5 – 32.5 range. 🙂 Of course, this is just my take. Anything can happen. It can even break down to 28-29, but what would you do when it goes there? Know what you’re buying 🙂

Personally, I got a minor position at 33.60, but will accumulate this shiz on the next following days/weeks. It’s all about how you look at the event.