I Lost 6.19% Because I Sold Too Early

I bought PIP last Jan 9 at 3.98 because I thought it was due for an uptrend. I did my homework, I studied the chart and its fundamentals, and I seriously believed it was undervalued. I set a target price of 4.45, just below its immediate resistance. That would give me a nice 10.31% upside. A sound plan, only problem I foresee is its lack of volume.

When it was still at the same level a few days later, I added more shares at 4.

The following trading days, it peaked at 4.28 only to pull back again to 4. 

Three days later PSEi was trading at an all time high. PIP soared at 4.45 just 16 trading days after I bought the stock. My target price! You taught I’d get my 10.31% gain don’t you? Well, that same day, I sold it at 4.20. I lost 6.19% of my potential gain just because I didn’t stick to my plan! The next day the stock is still up, this time at 4.60. 

Moody's to Review Four Banks, Energy Company for Possible Upgrade

Moody's Investors Service have placed four banks and one energy unit for possible credit rating upgrade.

The companies were identified as follows:

BDO Unibank
Metropolitan Bank and Trust Co.
Bank of the Philippine Islands
Land Bank of the Philippines
Power Sector Assets and Liabilities Management Corp (PSALM)

Moody's move comes after its announcement that the country's credit rating had been placed on review for a possible upgrade.

“The review for upgrade of BDO’s, BPI’s, LBP’s and MBT’s ratings reflect our assessment that these ratings would likely benefit from an additional notch of systemic support uplift in the event that the parallel review of the Philippine sovereign debt rating concludes with a rating upgrade,” said Simon Chen, a Moody’s assistant vice president and lead analyst for the Philippine banks. The rating agency will consider factors including the bank’s market share of system deposits and loans, and the bank’s role in the country’s payment system.

Moody’s is also considering the upgrade in the debt ratings of the government-owned Napocor and Psalm. Psalm is the agency mandated to privatize Napocor’s assets and manage its finances. It is wholly owned and controlled by the Philippine government.

No changes for PLDT

As for PLDT, Moody’s said that while they will also review the telecom company's ratings, it will not have any immediate impact on its Baa2 rating and stable outlook.
In a statement Yoshio Takahashi, a Moody’s assistant vice president and analyst, said that, “We expect PLDT [earnings before interest, tax, depreciation and amortization, or Ebitda] to maintain its strong earnings. Its adjusted consolidated Ebitda margin is likely to stay at around 50 percent, given its strong market positions in the fixed-line, broadband and cellular services businesses in the Philippines.”