Monday, February 15th, 2010
My Second Triple Digit Gain!
by: Kendrick Chua, the Wealth Warrior
The index as of this writing was on its fourth-consecutive rise. It was a much needed one after falling by as much as 12% this year. That wasn’t a pretty scenario. I was a bit unnerved by it. But then again, after what we have witnessed last 2008, every correction is unnerving and agitating to say the least. Isn’t it a wonder that the second most stressful job is to trading the financial markets?
Today is also a day of triumph. I had my second triple digit gain in my trading history:102% courtesy of the Razon-owned Aboitiz Power. I bought this stock May of 2009 with the intention of averaging out my previous investment way back in 2007 when it had its initial public offering. I still remembered queuing with other investors with one form on one hand and a cup of coffee on the other (I accidentally spilled it though).
For the next two years, the stock actually went nowhere and hitting a low of 3.7php per share in December of 2008. It was really disheartening that time especially after it was much hyped by brokers and barbers (kwentong-barbero).
Since its IPO, it hit a low of 3.7php per share on December 08
It was only last year after did it start climbing up and when it started to climb straight up! It didn’t stop and while I did wonder why, I couldn’t really care less. And less than a year after I once again bought it, it reached the 100% mark, making it my second 100% trade after Philiex (PX).
Started climbing back in in May 2009
Quite a steep climb in the past 6 months
If PX was based solely on hot-tip, AP was the opposite. It was based on guts and research (but mostly guts). I thought Aboitiz was in a great business of power and electricity similar to Meralco but I didn’t want to buy Meralco then because it was expensive so I opted for AP with the reason being people will always need electricity and power regardless of the economic condition. The one explanation convinced me to buy. It proved right (Thank God!).
There will be times when instinct will be much better than any research and analysis combined. I took advantage of it and reap my reward. But that doesn’t mean I should do it always. Again, prudent research and analysis will still work better nine out of ten times.
Oh and the most stressful job: Being a soldier.
Tags: AP, stocks
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February 16th, 2010 at 9:52 am
way to go, Ken!
yakimix ulet! hahaha! joke lang!
February 17th, 2010 at 12:47 pm
Pag nag 200% na, Rain. I’ll treat you guys again! Haha. So far 111% na so 89% more to go!
February 17th, 2010 at 4:07 pm
hahaha! sira! loko lang yun!
magcocoffee pa tayo ni je! 
February 18th, 2010 at 2:54 am
Hahaha. Ayus lang! Oo nga noh, pag tapos nalang muna ng love month. Medyo busy ako with my other rackets. Hehe.
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June 7th, 2010 at 8:09 am
i love this stock!!! i hope you still held on to your investments. it was 18.50 last friday! although this is an aboitiz-owned stock (via AEV) not razon’s
June 10th, 2010 at 7:37 am
Hi Gayle, thanks for your comment. I’m still holding on. As of today, have a return of 227 percent. =) I’m waiting for it to reach the 21.00 per share like you said.