CHINABANK (CHIB) became an attractive buy for smallCOST since the company's Board of Directors declared a 10% stock dividend on top of the 12 pesos per share cash dividend at its 5th of May 2010 meeting.
To take advantage of the opportunity, smallCOST increased his stock trading equity by 5,000 pesos and bought 10 shares of CHIB at 437.50 pesos per share for a total cost of 4,398 pesos this week. Record and payment dates are to be announced.
Outlook for Week 23: smallCOST is looking for buy positions next week. If Ayala Land Inc. (ALI) falls below 13 pesos per share, we will buy more of this stock.
Saturday, May 29, 2010
Sunday, May 23, 2010
Stock Trading Game for Small Players
ONLINE STOCK TRADING could be a costly proposition for small players like us. Every time you make a trade, your broker's commission is a sure thing as other fees and charges that come with it, including Internet Cafe expenses. Yet even with the disadvantage we still love to play this game of money.
Our solution to this predicament is to increase our equity the quickest way we can. What we did is to save more, let go of all unnecessary expenses and transfer the funds to our BPI Trade account. Less eating out, less buying of newspapers, walking to save on bus fare, avoiding credit card use, and generating extra income by doing overtime work. These sorts of things are just to accumulate more trading capital.
Our efforts were positively rewarded when in Week 21, we were able to put 15,000 pesos more in our stock trading equity. We now have a total of 20,296 pesos in the capital including 296 pesos from our net stock trading gain. We sold our 100 shares of Ayala Land Inc. (ALI) on Week 16 when we booked a net profit of 247 pesos which we added to our Week 10 gain of 47 pesos.
This Week 21, we also made two buys. We bought 1,200 shares of ALI when it hit 13.50 pesos per share or 50 centavos lower than our previous selling price. We ordered 200 shares more when the price went down further at 13 pesos per share.
Outlook for Week 22: If the trend continues and ALI share price falls further, SMALLCOST will add more equity and buy some more of this stock.
Our solution to this predicament is to increase our equity the quickest way we can. What we did is to save more, let go of all unnecessary expenses and transfer the funds to our BPI Trade account. Less eating out, less buying of newspapers, walking to save on bus fare, avoiding credit card use, and generating extra income by doing overtime work. These sorts of things are just to accumulate more trading capital.
Our efforts were positively rewarded when in Week 21, we were able to put 15,000 pesos more in our stock trading equity. We now have a total of 20,296 pesos in the capital including 296 pesos from our net stock trading gain. We sold our 100 shares of Ayala Land Inc. (ALI) on Week 16 when we booked a net profit of 247 pesos which we added to our Week 10 gain of 47 pesos.
This Week 21, we also made two buys. We bought 1,200 shares of ALI when it hit 13.50 pesos per share or 50 centavos lower than our previous selling price. We ordered 200 shares more when the price went down further at 13 pesos per share.
Outlook for Week 22: If the trend continues and ALI share price falls further, SMALLCOST will add more equity and buy some more of this stock.
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