First Metro Asset Management Inc

WHETHER YOU’RE RIGHT OR WRONG

10:10 am   Tuesday   26 January 2010     Philippine Stock Exchange Index   2990.86 (+0.77%)  mid-session

Is this the beginning of the end? Today, all markets in the Asia-Pacific are down – from Tokyo to Bombay and from Shanghai to Sydney.  The MSCI Asia-Pacific index has been on a six-day decline initially because of monetary tightening in China and now exacerbated by fears of the Obama plan to limit risk taking by banks.  Essentially, what traders are anticipating is a massive sell-down of equity portfolios held by banks should the Obama bank regulation initiative become law.  Read more

HINDISGHT IS NEVER FORESIGHT

10:45  Wednesday  13 January 2010   Philippine Stock Exchange Index   3088.03 ( the market moved down 17 points from the open)

The market movements over the last few trading days tells me that the January effect is well underway on Philippine stocks.  My bellweather stock is TEL which has not looked back since the year started.  TEL had  underperformed the market in  the second half of 2009 because of  M&A activity in MER, MPI, PLTL and PX.  This was due to the involvement of PLDT head honcho Manny Pangilinan in all this activity. Read more

PROSPERITY, PROPRIETY, PROFIT

First of all, I’d like to wish everyone who visits this site a happy and prosperous new year. I hope that you do not equate happiness and prosperity purely with money. I always believed that those that become very successful in money matters are those who are not afraid to lose it. I am not talking about compulsive gamblers because they eventually end up as the most desperate and destitute of people. I refer to people who are willing to take calculated risk with their capital. Read more

First Metro Asset Management Inc