CALahati

And the horror continues. If you are one of them late comers who believed in hearsay (from misled traders and intentional pranksters), you would have succumbed to the bloodbath that was Calata Corporation.

 

The stock's price soared to Php23.95/sh before plunging down to almost half of it's value in the same day. Good thing I divested the stock at ~Php19.46. The volume was weird and if you look at the bidders' and askers' panels you'll see that the price valuation was driven up by just one stock broker - Metro Pacific Investments, Inc. So they were just buying on one hand and selling on the other, probably to increase price valuation.

Anyway, at Php12.88, are you planning to buy this stock again? Still a great company, I would buy if not for the looming "Grexit" (modern term used by economists about Greece's inevitable exit from the Euro zone). The market is volatile, as you see from above. I'm not sure when the PSEi will climb back up to the 5,200 support line.

Would it be wise to just put my money in time? My mutual funds in BPI are not doing any better... : /

-musing...-