Wednesday, January 23, 2008

Notes at the open

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Notes at the open

PSEi 7th day of straight black candles
US Fed cut interest rates by 75 basis points
US market seems to be forming a hammer
Rumors: Fed might cut 50 basis points more in the upcoming meeting
Other asian markets rallying as of this morning

Bought MER at 71, will cut at 69.5
Bought BDO at 50, will cut at 49.5/49

MER higher high
BDO higher high
BRN higher high
PX higher high
FPH higher high
NRCP higher high
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