As a side note, we would like to say the same with the PH Stock market. The most recent announcements of SHARE RIGHTS OFFERINGS -#SROs for Metro Bank- #MBT and most recent Bank of the Philippine Islands -#BPI couldn't timed well enough. And the ill effects of declining stock prices in financials and holdings heavy weights have dragged the PSEI. Naturally, soiling over negative sentiments and price setback for GT CAPITAL - #GTCAP and Ayala Corporation - #AC
PSEI as of 1.18.18 Am session PH
While retail investors and traders to exit the stage and assess to rebalance their books. A typical PH market scenario of a 'concerted effort' to raise funds for the company as a one way traffic taking back gains from the market. As some news agency's reports question and implied that such moves were well timed. Highly speculative at this time but other investors and traders have admittedly did cross their minds.
Being prepared for the unexpected by diversifying to other markets can surely be an advantage especially at this time. Since the time line for short selling is still hanging in the air. The market place will always be timed with a few 'misdirection' but would take time for others to absorb such events when the PSEI was in record highs. Although, the chart above does not reflect much with the exception of the individual charts of the companies mentioned above.
Again, MegaTrade101 would emphasize the importance of having alternative strategies for such unexpected events especially for those who happens to be one of the less privilege to information gathering. Due diligence is a MUST!
#SRO - Share Rights Offerings is a double edge sword! Where the immediate ill effects for share prices can be reflected, however the mid to longer term incentives can be valuable.
ReplyDeleteIts a matter of perspective and proper use of strategies to assess and rebalance investment portfolio while still in line with the overall market objectives that could not be change overnight.
As due diligence: Check out how Stock Rights and Warrants can best be used by tactical investors and traders interest.
No room for speculative trades in this market condition especially in the PH stock market where Short-selling runs short of being implemented at this point.
ReplyDeleteAction should really be taken seriously and not mere talks. Best practices in global trading standards to serve the best interest of all market participants.