Nov 16

The PSE index closed 104.70 points or 2.83% lower this week from 3,703.66 points last Nov 9 to 3,598.96 pts this week. A declining market is not so conducive for day trading especially if you are doing margin trading.

For my daily stock forecast next week, I plan to make it more convincing and realistic by assuming to invest real cash value to it. This are the following assumptions i'll be following:
1. I'll be investing 100,000 at the start of the week.
2. I'll buy the 3 different stocks that i recommend for that day.
3. i'll buy the stocks at the opening price.
4. i'll sell the stocks if it hits 2% gain. i'll hold on w the stock if it won't and sell it the next few days until it hits 2%.
5. Brokers fee and taxes are not applied.

My stock hot picks for Nov. 19
1. AJO.NET HOLDINGS, INC. (AJO) - .135

2. BANK OF THE PHIL. ISLANDS (BPI) - 62.00

3. FIRST PHIL HLDGS CORP (FPH) - 70.50

Stock position
BN 250,000 shares of AJO at 0.135 = 33,750.00
BN 500 shares of BPI at 62.00 = 31,000.00
BN 500 shares of FPH at 70.50 = 35,250.00
TOTAL EQUITY = 100,000.00