Same as...
Buy When There's Blood in the Streets

- Baron Rothschild

The Main Philippine share index closed marginally below the 4,000-line, adding 3.05% to 3,999.65. The advance was broad based with all sectors in the green. Gainers led decliners more than 3-to-1. A total of 11.935 billion shares changed hands worth php4.438 billion.

All value active counters closed higher, led by Andrew Tan holdings unit, Alliance Global Group, Inc. [pse: AGI, php9.35, + 3.09%]. PLDT Co. [pse: TEL, php2,198, +1.76%] Lepanto Consolidated Mining “A” [pse: LC, php1.25, +5.93%], Philex Mining Corporation [pse: PX, php22.05, +7.82%] and SM Prime Holdings, Inc. [pse: SMPH, php12.20, +3.74%] rounded up the top five. These issues alone cornered php1.303 billon, nearly 30% of the market’s aggregate.

"The last four sessions have wiped out 41% of the previous 16-session aggregated decline off the most recent top. In terms of the Fibonacci lines, this gives a positive sign, passing as it did the first recovery line marked at 38.1% or at the 3,970-3,980 line. Admittedly, the break is but marginal and failed to sustain a breach of the 4,000-line. Furthermore, it will require validation in the sessions ahead. Again, we will search for impetus to do exactly that and the primary sources will be further developments in Europe and the US. Towards the middle of the month, we may begin to feel trades shifting to positioning for earnings reports. Over-all, we expect week 40 to be better than the just concluded week." (jc)

Huge fund managers all over the world are losing a lot of money in Europe. Because of this, they're selling their investments in Asia - where they are earning - to make up their losses in Europe. The selling includes the Philippine Stock Market. The projected growth of the Philippine economy has also been downgraded because of the Europe Contagion. Which gives them more reason to sell. The biggest companies in the Philippines whose earnings are wonderful are now on sale price!

For Universal Robina (URC), they expect growth in thier international operations. It already increased its sales in Thailand by 39 percent and in Vietnamn by 60 percent.

Another best to buy is Cebu pacific (CEB) shares, which has ordered 55 airbus planes for the next ten years. And  being a low-cost airline, analysts believe they'll continue to fly further.

Good luck and God Speed fellow traders-investors, hunt well while market still on sale.