Online Stock Trading

NICKEL ASIA CORP (NAC) UNDER SIEGE!

October 4, 2011

Nickel Asia Corp. (NIKL) said that it is suspending its mining operations and nickel ore loading activities at its Taganito Mine Corp. subsidiary in Claver, Surigao del Norte after it was “occupied” by an armed group of men. Pieces of mining equipment were reported burned and destroyed.

Communist rebels were said to be behind the series of attacks on mining operations in the province. The suspension of mining operations is a big blow for NIKL. It is expecting a significant increase in nickel sales and shipment of 10m tons of ore to China this year on the back of record demand and rising metal prices. Nickel Asia, partly owned by Japan's Sumitomo Metal Mining Co Ltd , did not say when the Taganito mine at Claver town in Surigao del Norte province in southern Philippines will reopen.

Avoid or buy back at price 15 range, but let's not forget that this company have been performed well for the past years. Taganito mine is not the only operated area focused by NAC. I think, we'll just need to be watchful and wait for a better entry points.

source- abscbnNews.com, philstock, gmaNews.com, nickelcorp.com

Posted by jov3n- trader202. Posted In : Company Information

HITTING THE IRON WHILE IT'S HOT - 2

October 1, 2011

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...
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Posted by jov3n- trader202. Posted In : Trader202: Tips & Tricks

HITTING THE IRON WHILE IT'S HOT

September 29, 2011

The Philippine market returned to action a day after being forced to suspend trading Tuesday on inclement weather spewing optimism right off the opening bell, racking up gains of as much as 216.03 points or 5.8% inside the first half-hour. From that point on however, profit-takers, driven by a hangover of pessimism on the fate of Europe, took control, pulling the measure lower. At the final bell, the gains had been pared to 154.90 points or 4.16% to 3,876.12.

Benguet Corp. (BC) approved the pr...
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Posted by jov3n- trader202. Posted In : Company Information

WHEN SUPPORT LINE BROKES...

September 26, 2011

The Main Philippine shares index extended its slide to a third week, adding a huge -404.21 points to the -102.74 points combined loss in the two immediately preceding weeks. More importantly, the PSEI breezed past ALL short-term Fibonacci retracement lines in the last four sessions, breaking previously seen as strong support levels.

PE ratios fell as a consequence, with a good number going below 10x trailing earnings. Brazil’s BOVESPA, London’s FTSE 100, France’s CAC40, Germany’s DAX50...
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Posted by jov3n- trader202. Posted In : Trader202: Tips & Tricks