FNI: My speculation paid off

Facebook
Twitter

Just like my post last night, FNI’s price is above 1.92. At around 9:55 in the morning, the current price is already at 1.97.

FNI-11-300x165 FNI: My speculation paid off Silog Chronicles
FNI at 9.55 AM

I made a test buy at around 10:00, good thing the price went a little bit lower at 1.96 from as high as 1.98

FNI-33-300x146 FNI: My speculation paid off Silog Chronicles
FNI at 10:00AM
Port1-04062015-300x133 FNI: My speculation paid off Silog Chronicles
Updated portfolio as of 10:03AM

Why I decided to buy

  • current price is above my confirmation price of 1.92
  • Market is happy with the catalyst
  • Huge size at 1.99 and 2.00 that serves a resistance at the time I bought it

Hamazing! The market closed with FNI at 2.02. A quick 6% gain in just a day. It appears that PHP 1.800 support line is solid. It turns out that the buyers have good sentiment with the acquisition news and produced a total of 24.9M in volume.

Quite frankly, Im not really sure kung gaano pa kataas ang maabot ni FNI so I’ll continue on monitoring this. I dont have a target price for this yet kasi nag test buy lang talaga ako so I’ll keep an eye on this tomorrow.

More to explorer

Short Selling or Shorting – How does it work?

Dahil malapit na maimplement ang Shorting sa market, pagusapan natin to. In an article na nilabas ng PSE last week, they confirmed the implementation of Short Selling or Shorting sa Philippine stocks

Return To Work (RTO) Na – Which Stock wins?

I’m sure you’ve seen it in the news and even on Social Media. Starting April 1, IT-BPO firms need to comply with the government’s return-to-office (RTO) order. So, yep, balik office

1 thought on “FNI: My speculation paid off

Leave a Reply