Buyback Programs

March 27, 2008 By ericgo01 Leave a Comment
Stock Buyback Programs

With the recent downturn of the local stock markets, we have seen many companies come out with disclosures regarding the approval of a stock buyback program by their respective board of directors. Many firms disclosed their stock buyback programs months ago and we have seen some companies that have been actively buying back their shares of stock from the local market.

There are currently 2 types of share buybacks happening in the PSEi:

1.) The company buys back stock from the market and records it as treasury shares.

This is the most common type of buyback. The company's free cash is used to buyback stock to reduce the outstanding number of shares and lists them as treasury shares under the equity subsection. The total outstanding shares of the company will be reduced.  Read more... (440 words, 8 images, estimated 1:46 mins reading time)

Filed Under: Stock Market & Finance Tagged With: , , , , , , , , ,

Beauty Pageants, Brain Pageants

March 27, 2008 By MTM Leave a Comment

Everyone was hard on Janina San Miguel. Not a few months back, contestants of a Miss Teen USA pageant didn't fare much better. Being able to speak english is not an excuse:

WPvideo 1.02
Janina San Miguel – Bb. Pilipinas 2008 Q&A (complete)
Download here

WPvideo 1.02
Miss Teen USA 2007 – South Carolina answers a question
Download here
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Filed Under: Blogroll, Entertainment

PSEi March 2008 where to now?

March 27, 2008 By dragon Leave a Comment

 

PSEI DAILY CHART

 Yes, we're still awake, and reserving our chart pattern interpretation when clean ones have formed.  Encircled shows bullish divergence, which sadly, can only be confirmed in hindsight.  Price bars have created lower lows (january 08 and March 08), but RSI did not correspond with lower lows.  It instead diverged and created higher lows, which signified that selling momentum has weakened.  As such, what can we now expect with this seemingly bullish bounce?

As with the polarity rule, where previous support now becomes resistance, the green line arrow points to somewhere along 3050.  The orange line points to somewhere around 3,300.  But with the way things are going, or not going, this descending line would soon give a lower target of about 3250 in more than a week's time.  Read more... (270 words, 9 images, estimated 1:05 mins reading time)

Filed Under: Stock Market & Finance

How to know if Xbox 360 is a Falcon free from 3rod rrod

March 27, 2008 By dragon 1 Comment

This Easter Holiday, I had a chance to lay my fingers on my brother in law's much hyped over Xbox played on LCD.  

However, he is lucky since he usually plays under cold temperatures.  XBoxes are known to suffer the so called RROD, or 3rod, which means red rings of death, or 3 rings of death.  This is a led light signal that your console would no longer function and has probably literally melted down due to processor overheating.

Microsoft suffered heavily for this, turning off would be buyers, and promising to warranty those older models, at the same time reducing prices drastically.  That Sony Playstation PS3's original only blueray disc games was not enough to keep Xboxes on top of Nintendo Wii in the console race.  I wonder what is the future for Xbox now that the blueray code has been cracked, and fake blueray ps3 games will now foreseeably flood the market by around 2009?  Read more... (1046 words, 12 images, estimated 4:11 mins reading time)

Filed Under: Computers, Entertainment Tagged With: , , , , , , , , ,

superlotto 6/49 results tonight

March 27, 2008 By dragon 3 Comments

No wonder the unusually long queue for lottery stations tonight.  The Pot now runs up to over 190 Million Philippine Pesos! That's over 4.6 million Dollars! Slightly over the amount allegedly being clamored by that Brian Gorrell guy!

It's hard to imagine that even our local lottery is subject to inflation.  Imagine,  I think as early as this year, each set of numbers picked now cost you 20 pesos, up 100% from 10 pesos the last time I gave it a try!

*Edited. According to my friend, each set picked gives you only 1 in 13million odds of winning the lottery! Put into perspective, you would have to shell out 200 Billion pesos to pick on each and every combination and permutation from 1 to 49.  Interestingly, the 6/42 Megalotto gives you 1 in 5.2 Million odds of winning the draw.  Read more... (345 words, 10 images, estimated 1:23 mins reading time)

Filed Under: Entertainment, Life In The Metro Tagged With: , , , , ,