The market is left little choice but to focus on the day-to-day developments in Europe and react accordingly. The numbers of the domestic economy, while still positive, are more likely to be ignored. It appears that the emerging consensus among the investing public is to hold cash through this turmoil. Smart money however should stay on the prowl for fundamental bargains, adopt a long-term outlook and utilize a cost-averaging trading strategy to weather this storm and position for above-average returns moving forward.

Atok-Big Wedge Co., Inc. (AB) has acquired 100% of Hong Kong-listed Tidemark Holdings, Ltd. Tidemark owns 8.65m common shares of Forum Pacific Plc, or 25.9% of its outstanding capital. Forum Energy has a 70% stake in SC 72 offshore gas exploration venture in Palawan. Hold.

Alliance Select Foods International (FOOD) announced that its seafood unit, Big Glory Bay Salmon and Seafood Co., has exported smoked salmon slices and other retail seafood packs to Hong Kong, Japan and Singapore. The company claims that pipeline orders from abroad have been healthy. In addition, FOOD is also planning to offer the same products to the local market. Hold.

Belle Corp. (BEL) said that its recent PhP4.5bn stock rights offer was 13% oversubscribed. A total 1.7bn rights shares were subscribed by shareholders out of the 1.51bn rights shares offered by the company. Priced at PhP3.0 per rights share, BEL raised a total PhP4.5bn from the offer. Proceeds of the exercise will be used to fund the construction of the Belle Grande integrated hotel and casino resort with in the PAGCOR Entertainment City in Paranaque. The resort will have a gross floor area of 250,000 square meters. Of which 17,000 sq.m. will be gaming space and another 20,000 sq.m. of restaurants and retail outlets. Belle Grande will also have 850 hotel rooms upon opening date in 1Q13. Long-term Buy.

Abra Mining & Industrial Corp. (AR) confirmed details of the deal with Olympus Pacific Minerals, Jabel Corp, Kadabra Mining Corp, and Philearth Mining Corp. for a gold exploration project in Abra province. Under the Joint Venture Agreement between the parties, Olympus has already paid US$300,000 to Abra with another US$400,000 lined up as it gains access to parts of the Mining Tenement within the Baguio-Mankayan Gold district. Canada-based Olympus is also required to pay AR US$2.0m plus another 2 million common shares of Olympus or its US$5.0m in worth, whichever is less in value, every time specific production targets are achieved. Trading Buy.

We're at edge that any moment we'll might make our portfolio a bloody hell. But to hide is not an option, we must keep moving forward and be cautious for another opportunity to trade. Seeing back to basic charting, we could manipulate to take advantage on small fluctuations for profits. Buying a long term option is also highly considerable specially for blue chips company which is still on bargain.

Good luck and God bless fellow trader.
Angat Pinoy!