Stock market trading drawing interest here

Monday, December 6, 2010

STOCK trading is drawing more interest from people in Davao City who have known the tremendous profit opportunities in the Philippine stock market -- especially in a bull market that looks like it's going to get stronger in the coming months till next year.

That was probably why that lively, down-to-earth blog Pinoy Stock Trader (PST) (www.pinoy777.wordpress.com) which set up the Stock Trading Forum series in Davao has been getting a lot of inquiries after its two "training seminars" last October 16 and November 20.

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Although some people show interest, they don't really come by the dozens. But if they do come and attend a stock trading seminar, it's probably because they have the itch to start trading in stocks and make money -- and naturally because the fee charged by PST is small and affordable.

That was why it wasn't surprising to see the excited anticipation on the faces of the seven people who showed up during the second PST stock trading forum held here in Davao last month at a small hotel.

One of them had five years experience trading in the stock market -- Ariel Pantillo of San Miguel Brewery who wanted to know the "basics" as well as the "secrets" in stock trading. Because of his long exposure in the stock market, it wasn't difficult for Pantillo to follow the lively discussions about buying and selling stocks in the market.

"It's important for us to know how we can preserve our capital by cutting our losses and learning some techniques in making bigger profits in the stock market," Pantillo said.

Another participant so eager to learn stock trading was Earl Llyod Guadez of Davao Light and Power Company (DLPC), subsidiary of Aboitiz Power Corp (APC), one of the "most active" stocks in the market when the forum took place.

APC along with another active stock, Alliance Global Int'l (AGI) were two stocks analyzed and discussed, using charts, during the forum that included "entry" and "exit" points, profit targets, stop loss points, "consolidation" and "break out" points.

Guadez said he was glad he was able to make it to the stock trading forum after the Philippine Stock Exchange (PSE) cancelled its own trading seminar here when no one registered due to its exorbitant registration fee (P5000).

"I also wanted to sign up for the PSE seminar, but I backed off because the registration was too high," he said.

A young married couple, Richard Mata and Erika Mata, first wanted to know the "topics" to cover during the forum and promptly signed up when they were told it included "how to preserve your capital," "how to cut your losses" and "how to make bigger profits" in the stock market.

"Preserving our capital by cutting our losses to as little as possible -- that's something every stock trader should learn in the stock market," Mata said.

One participant, Charlie Yap, who keeps his savings in a bank "investment trust" is considering using some of that savings for higher growth by trading in stocks, but he wanted to be sure he knows what he's doing -- by attending the forum. After learning some techniques in preserving his capital, stopping losses and maximizing profits, Yap said he's ready to park some of his savings in one or two rising "active stocks."

Two women entrepreneurs, Mides Mari Lindayag and Leony Bumulo also tried to absorb as much as they can on the basic techniques in stock trading, pointing out that it was a good idea for a full-time business -- just using their capital to buy and sell shares of stocks for profit, a standard practice among many US stock traders. (PR)