PNB, which was among the day’s top gainers, rose by 6.17 percent on news that Chinese banking giant was in talks with principal shareholder Lucio Tan to come in a strategic investor in Allied Bank in exchange for the opportunity to expand distribution network in mainland China. PNB expects to resolve the stumbling blocks to its planned merger with Allied Bank within this year.
http://business.inquirer.net/5927/ph-stock-market-skyrockets-to-new-record-high
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4 comments:
Hi.. I have been following your blogs and would like to know if the gap up of AT yesterday still triggers another upward movement or is it a bearish sign? Would you still buy at yesterday's price of AT today?
Also, what do your TP for PNB?
Thanks.
Sori.. I meant what is your TP for PNB? Thanks.
A trend Follower does not have any TP, he just watch for danger signals.
I do not catch tops and bottoms, because nobody knows for sure.
If I made say My TP for PX was 20, I could have not chance of riding it to
the current price.
Next green signal for AT is 21.9, will not buy below that. It is easier to buy when a price is going up than down. As a newbie, my suggestion, trade small in which you can afford to lose and can sleep. It takes time to learn the basics of trading. Good Luck on your trateds.
This is what I am trying to say, once 21.90 is broken, it just zooms, now its 22.35
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