As soon as share prices corrected, you saw people coming back. That shows you the strength of the market. |
Even the recent upgrade in our ratings outlook would not trigger investors to aggressively position in the market today. |
Investors are positioning ahead of the 2005 earnings reports, with PLDT widely expected to report another good set of results. |
It appears that the incident that occurred over the weekend didn't shake and stir the market right now. |
Some investors opted to pocket gains after the two-week trading halt. |
The buying is just too strong for that. |
The market is buying all the good news. |
The stock looks extremely good in terms of fundamentals, with a book value of 1.64 pesos per share. |
The whole of Asia is consolidating after a strong performance in January. It is trying to seek a lower base as most counters are now historically expensive. |
There's still time to buy before the long holiday. |
We're going through a consolidation mode with a downward bias. |
We're seeing a good amount of foreign buying today. After the developments over the weekend, the market seems to be taking the view that she has it (the security situation) under control. |