APO Update: We got APO at the lowest price that day, P0.90, but Father and I are bad intraday traders. :)) We did not end up selling because we set TP at P1.10 and it did not reach that. It went up to P1.05 and then untog. Weak close at P0.90. Father said we should hold and see the next Monday.

Well it was even worse, the high was the P0.95 open and then it closed at P0.86. It’s just P8K but still. My first shot at intraday trading was marred by a wrong exit again.

Trading plan:

Hold until it gets back to P1. I’m just not sure when because its kids UPM, VUL and OV are all red today.  

DITO

Today I also averaged up for the first time. DITO was actually the first stock I bought 3 weeks ago, at P11.95. It was consolidating then and I thought it would go up anytime. I did nooot – it went down to like. P10 the next 3 days. :)) l held and I held because my trading plan for that was to hold until February 21 when the audit results are released or until March when commercial operations begin.

DITO has actually been flying for the past few days and today it broke its ATH of P14.74 at open and closed very strong at P16.40. I added 2,600 shares at P15.86 because J said he bought at P15.66 so I thought I’d do a 20 cent difference. Just after hitting the buy button the price went down to P15.70 and even P15.62 hahaha! Good thing it closed at P16.40!

I have no idea if there’s gonna be a pullback tomorrow or if it’s blue skies. The resistance, they say, is going to be at P17.30.

Trading plan:

J switched plans from holding until March to selling when RSI hits 90 because he says DITO’s stock price historically becomes volatile when its RSI reaches 90.

I think I might sell my first tranche at 90 RSI and leave the second tranche until December like Father plans to do. J right now is averse to holding DITO longer than March because he says new entrants to markets that have been long dominated by monopolies and duopolies usually aren’t profitable on their first years of operations and they most of the time just wait to be acquired by market leaders. I guess we’ll see what the numbers look like by March.