Yesterday, I've sold all my long term stocks and went all in on China Banking Corporation (CHIB) and SM Development Corporation(SMDC).
I'm averaging CHIB at 402 per share. I was not expecting for the PSEi to drop, it's just that out of all my bets CHIB is the winner, not to mention the cash and stock dividends. So I got lucky yesterday.
As for SMDC, my strategy is to buy one board lot per month. Since, SM Condos are very affordable, with a good location and relative to its price, have a good quality also. Further, condo brokers do not have a hard time selling SMDC units.
Currently, I sold all my short term stocks, I'm looking for MEG alternatives (waiting for the next MEG buying opportunity), one of which is Philweb Corporation (WEB). WEB however, would never be a long term stock for me, since their main business is online gambling. (I for one tried to get a license, however there's already a Philweb gaming on my street.) Further, there are rumors that Manila City, will no longer allow online gambling, I do not know if this ordinance was pushed through, but still, the laws for online gambling is difficult to predict, in my opinion.
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