Why RCBC is a Good Buy.

 RCBC posted P 1.53 Billion in Net Income for the 1st Quarter of 2012, P 506 Million or 49.47% higher than the P 1.02 Billion registered during the same period last year .  Annualized Return on Average Equity remained strong at 15.64%. Total Operating Income increased by 28.53% to P 5.61 Billion as Net Interest Income grew by 6.11% or P 156 Million to P 2.7 Billion.


Fundamentals are strong and the basic criteria for a cheap stock called the Price to earnings ratio (P/E) is only
34  compared to an average of  54 to other banking institutions.


Technicals are also bullish as the 8 days moving average cross above the 32 days EMA.  Volume, OBV  and MACD are all pointing up signifying an upward trend.

9May2012_RCBC

Since February I recommend  a buy signal for RCBC at P 30 / share.

Congratulations PSE for the new record :All time High 650000

For four consecutive sessions the Philippine Stock Exchange has breach an all time high of  6500 , a new record for the Philippines proving the strength of our economy and the investors confidence as a whole.
All the newspapers from around the globe is stating the bullishness of the stock market as the year 2013 started, indeed its a prosperous New Year to all.

For those who have bought the right stock earlier a toast is welcome .  Two of my favorites are Metro Pacific Investment  (MPI) of the Manny Pangilinan group and  Henry Sy's  SMDC /SMPH.

SMDC_20Feb2013

With the news about the merger of SMDC with SMPH into one property conglomerate , SMDC stocks soared to as high as 50 % from its previous price of  P 6.00 /share before closing at P 8.85 today. I would like to congratulate all my fellow investors who took this wild ride up gaining one of my best trades so far .

What I learned from Mr. Mario Singh- Part 2

Pip= what puts money in your pocket . It's the change in value between currencies.

1 Pip= USD $ 10 ( for Standard Lot)

Lot =  size of your trade which depends on your initial capital.

Ex. USD/JPY = 81.50 1 USD= 81.50 JPY

If price rises to 81.51 or greater , BUY (LONG)

If price lowers to 81.49 or lesser, SELL (SHORT)

Fraction Theory:

EUR = 1.350

USD

If EUR increase , BUY(LONG)

If USD increase, SELL (SHORT)

FOREX RULES:

The basis of the above rules should be the general trend of the Graph of the underlying currency pairs. If  the general trend  is Up , we can Buy or Long the currency pair but if its going Down , we need to Sell or Short the currency pair.  The Stop Loss is assigned in order to prevent further losses if you happen to made the wrong choice . The Profit Target is assigned usually twice the Stop Loss to make a profit to loss ratio of  2:1.

What I learned from Mr. Mario Singh about Forex 101

Fear should be defeated by Knowledge to win the game of Forex Trading or any endeavor .

One's desire to change his current plight will enable the Impossible” Earn millions in Forex”

Every loss when learned as a lesson can be a stepping stone to one's success.

Trading one currency against another : Base against Counter Currency

1. EURUSD - most traded worldwide
2. USDJPY
3. GBPUSD
4. USDCHF
5. USDCAD
6. AUDUSD
7. NZDUSD

Forex is trading 24 hrs x 5 days from Sunday evening to Friday with EurUsd trading more at 8:00 

EST. Forex is  more than 1.4 Trillion USD , much bigger than  NYSE, NASDAQ combined.