Day 4: Going ColdTurkey on stock market speculating.

I mentioned on my previous blog that stock speculating gives me money (i.e. MERALCO), but quickly takes it away.

This is the first week where I reverted to my tried and tested buying and holding until I reach my TP, ignoring trends and just concentrating on financial statements, volume, low P/E and projected future earnings based from the news.

I disregarded the thought that a major correction is coming and that I might lose the opportunity to get in at a lower price. But experience taught me, that even if I make the mistake I made last
October 22, 2008 stock portfolio, I'll just be patient and wait, and continue to buy stocks based on the criteria I mentioned above, and everything will be all right.

Thus, I bought the following stocks last Wednesday August 19, 2009, and most of it did well.


My current portfolio.

PROPERTY
1. Megaworld Corporation (MEG)
Price: 1.5
P/E Ratio: 8.02

2. SM Development Corporation (SMDC)
Price: 4
P/E Ratio: 285.71

HOLDINGS
3. SM Investments Corporation (SM)
Price: 325
P/E Ratio: 14.17

BEVERAGE
4. San Miguel Brewery, Inc. (SMB)
Price: 9.1
P/E Ratio: 14

FINANCIAL
5. China Banking Corporation (CHIB)
Price: 385
P/E Ratio: 11.69

6. Metrobank Corporation (MBT)
Price: 38.5
P/E Ratio: 17.74